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3 Beds
3 Baths
1,135 sqft

$1,600,000

398 NE 5th St # 2418, Miami FL, 33132

Price per sqft$1,409.69
Built in2022
Property size1,135 sqft
Property typeCo-op

Overview

Active

Listed Mar 6, 2026

Updated 3 weeks ago

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.

$10,645/mo

Est. mortgage payment based on a $1,600,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
A11972846

Interior Features

Bedrooms
3
Bathrooms
3

Other Property Details

Taxes
$22,186
Tax Frequency
Annually
Association Fee Frequency
Monthly

Broker Reciprocity Courtesy of EXP Realty LLC

 

Data last updated:9/14/2026.

 

The multiple listing information is provided by FL - Miami Association of REALTORS® (RAMB) from a copyrighted compilation of listings. The compilation of listings and each individual are ©2026FL - Miami Association of REALTORS® (RAMB). All Rights Reserved.

 

The information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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