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Miami/The Elser Hotel & Residences/398 NE 5th Street 2418

$1,600,000
398 NE 5th Street 2418, Miami, FL 33132
Miami, FL 33132
At The Elser Hotel & Residences  →
3
Beds
3
Baths
1,135
Sq Ft
$1,410
/ Sq Ft

About this condo

Attention Investors: Short-Term Rental Approved Residence at The ElserExceptional 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.

The facts

Price
$1,600,000
Price / Sq Ft
$1,410
Bedrooms
3
Bathrooms
3
Interior
1,135 sq ft
Residence
#2418
Type
StockCooperative
Year Built
2022
Building
The Elser Hotel & Residences
Stories
49
HOA
$1,307 / mo
Flooring
Tile
Annual Tax
$22,186
Days on Market
145
MLS #
A11972846

Building amenities

  • Beach Rights
  • Fitness Center
  • Maintenance Grounds
  • Pool
  • Parking
  • Sauna
  • Spa Hot Tub
  • Elevators
BeachesMLS

Listing courtesy of EXP Realty LLC · ana@theanavegagroup.com. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc.