398 NE 5th St #2418, Miami, FL 33132
Local realty services provided by:First Service Realty ERA Powered
Listed by: ana osorio de vega pa
Office: exp realty llc.
MLS#:A11972846
Source:SEFMLS
Price summary
- Price:$1,600,000
- Price per sq. ft.:$1,409.69
- Monthly HOA dues:$1,307
About this home
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.
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Home facts
- Year built:2022
- Listing ID #:A11972846
- Updated:March 06, 2026 at 11:53 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Flooring:Tile
- Kitchen Description:Dishwasher, Disposal, Electric Range, Microwave, Refrigerator
- Living area:1,135 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Year built:2022
- Building area:1,135 sq. ft.
- Construction Materials:Block, Brick Veneer
- Exterior Features:Balcony, Open, Security High Impact Doors
Finances and disclosures
- Price:$1,600,000
- Price per sq. ft.:$1,409.69
- Tax amount:$22,186 (2025)
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:Balcony, Bar, Beach Rights, Closet Cabinetry, Elevator, Elevators, Fitness Center, Skylights, Smoke Detectors, Spa/Hot Tub
- Pool features:Association, Pool
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