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398 NE 5th St Unit 2418, Miami, Florida 33132

Active For Sale
$1,600,000
  • Beds 3
  • Baths 3
  • Sq Ft 1,135 Sqft
  • Visits: 3 in 35 days

Description

Attention Investors: Short-Term Rental Approved Residence at The ElserrnrnExceptional 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.rnrnThis 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.rnrnDelivered 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.rnrnResidents enjoy resort-style amenities including a rooftop pool, fitness center, spa, sauna, concierge services, and lounge areas.rnrnLocated steps from Bayfront Park, the waterfront, dining, entertainment, and major attractions, this property benefits from strong year-round tourism demand.rnrnWith 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.

Features

  • Swimming Pool: Association
  • Heating System: Central
  • Cooling System: Central Air
  • Pet Policy: No
  • Security: Smoke Detector(s)
  • Patio: Balcony, Open
  • Parking: Other

Appliances

  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Electric Water Heater, Disposal

Address Map

  • Country: US
  • State: FL
  • County: Miami-Dade
  • City: Miami
  • Subdivision: MAP OF MIAMI DADE CO. FL.
  • Zipcode: 33132
  • Street: 5th St
  • Street Number: 398
  • Floor Number: 0
  • Longitude: W81° 48' 38.7''
  • Latitude: N25° 46' 43.7''
  • UnitNumber: 2418
  • Street Dir Prefix: NE
  • MLS Area: 41

MLS Addon

  • Architectural Style: Other
  • Association Amenities: Elevator(s), Fitness Center, Pool, Sauna, Spa/Hot Tub, Beach Rights
  • Association Fee: $1,307
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Amenities, Maintenance Structure, Common Areas, Pool(s), Sewer, Trash, Water, Insurance, Parking, Cable TV, Recreation Facilities
  • Building Features: Exterior Lighting
  • Close Price: $0
  • Exterior Features: Balcony, Security/High Impact Doors, Other
  • Flooring: Tile
  • Insurance Expense: $0
  • Interior Features: Other, Closet Cabinetry, Elevator, Skylights, Bar
  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • New Taxes Expense: $0
  • Stories Total: 49
  • Tax Annual Amount: $22,186
  • Tax Year: 2025
  • Window Features: Skylight(s)

Location

Listing Updated: 2026-03-07 00:30:15

  • Property Type : Residential
  • Property Sub Type : Stock Cooperative
  • Listing Type : For Sale
  • Listing ID : A11972846
  • Price : $1,600,000
  • View : Ocean, Other
  • Bedrooms : 3
  • Bathrooms : 3
  • Full Bathrooms : 3
  • Half Bathrooms : 0
  • Square Footage : 1,135 Sqft
  • Year Built : 2022
  • Lot Area : 0 Acre
  • Listing Status : Active
  • Days On Market : 34
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