398 NE 5th Street 2418, Miami, FL 33132
Listing Snapshot
| List Price | $1,600,000 |
| Price / Sq Ft | $1,410 |
| Beds | 3 |
| Baths | 3 |
| Living Area | 1,135 sqft |
| Year Built | 2022 |
| Property Tax | $22,186/yr |
| HOA / Condo Fee | $1,307 / monthly |
| MLS # | 1154525794 |
| Status | Active |
| Days on Market | 122 |
About This Home
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.
General Features
- Property Type
- Residential
- Sub-type
- StockCooperative
- Style
- Other
- Stories
- 49
- Security
- None,SmokeDetectors
- Subdivision
- MAP OF MIAMI DADE CO. FL.
Interior Features
- Appliances
- Dryer,Dishwasher,ElectricRange,ElectricWaterHeater,Disposal,Microwave,Refrigerator,Washer
- Flooring
- Tile
- Heating
- Central
- Cooling
- CentralAir
- Interior Features
- ClosetCabinetry,Elevator,Other,Bar
- Window Features
- Skylights
Exterior Features
- Construction
- BrickVeneer,Block
- Exterior Features
- Balcony,Lighting,OutdoorLivingArea,Other
- Patio / Porch
- Open,Balcony
- Pool Features
- Association
- View
- Ocean,Other
- Waterfront
- No
Community Features
- Association Amenities
- BeachRights,FitnessCenter,MaintenanceGrounds,Pool,Parking,Sauna,SpaHotTub,Elevators
- Association Dues
- $1,307 / monthly
- MLS Area
- 2410
Schools
Map
Virtual Tour
View Virtual TourMLS# 1154525794 · BEACH
Information deemed reliable but not guaranteed. © 2026 BEACH.
Interested in this home?
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Estimate Your Payment
20% down · Loan: $1,280,000
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.