398 NE 5th St # 2418, Miami FL 33132

For sale Days on market 187

THE ELSER [ Stock Cooperative ]

$1,600,000

$1410/sq ft

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Overview

Bedroom

Bath

Year Built

2022

Sqft

1135

Property Type

Stock Cooperative

Property Description

Attention Investors: Short-Term Rental Approved Residence at The Elser Exceptional opportunity to own a fully furnished 3-bedroom, 3-bath residence at The Elser Hotel & Residences in Downtown Miami, one of the city’s most sought-after short-term rental approved buildings. Ideal for buyers seeking a Miami investment property or luxury second home with income potential. This beautifully designed residence features an open-concept layout, floor-to-ceiling windows, and a private balcony with views of Biscayne Bay and the Miami skyline. Contemporary finishes include a modern kitchen with stainless steel appliances, custom cabinetry, and elegant bathrooms with frameless glass showers. Delivered fully furnished and turnkey, the residence is ready for immediate personal use or rental income. The spacious 3-bedroom layout is especially attractive for short-term rentals and group travel, maximizing occupancy and rental potential. Residents enjoy resort-style amenities including a rooftop pool, fitness center, spa, sauna, concierge services, and lounge areas. Located steps from Bayfront Park, the waterfront, dining, entertainment, and major attractions, this property benefits from strong year-round tourism demand. With daily rentals permitted according to condominium regulations, owners can maximize income. Miami will host seven FIFA World Cup matches in 2026, driving some of the highest short-term rental demand in the city.

Property Details

MLS#

A11972846

Unit Floor

Total Floor in Bldg

Building

THE ELSER

Address

398 5th St NE

City

Miami

State/county

Zip/Postal Code

33132

Area

Map Of Miami Dade Co. Fl.

Country

United States

HOA

Yes

Assoc Fee

$1,307

Assoc Fee Pd

Monthly

Tax Amount

$22,186

Maint Fee

$--

Tax Year

2025

Dishwasher

Disposal

Dryer

Electric Water Heater

Microwave

Electric Range

Refrigerator

Washer

Ocean View

Other View

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