
$650,000
CondominiumActive398 NE 5th St # 2007, Miami FL 33132
MLS #A12055966About This Property
Turnkey Investment Opportunity at The Elser Hotel & Residences — Unit 2007 Fully furnished, turnkey studio residence at The Elser, ideally positioned with sweeping views of the Kaseya Center skyline and partial Biscayne Bay water views. This designer-finished unit features a king-size bed, sofa bed, full kitchen, in-unit washer/dryer, and secure keyless entry — ready to generate income from day one. Enrolled in The Elser's professionally managed short-term rental program with a proven, documented income history, this is a rare opportunity to own real, verified cash flow rather than a projection. Investor-friendly building with flexible daily, weekly, and long-term rental permissions. Residents and guests enjoy resort-caliber amenities including a wraparound rooftop pool with bar and restaurant, two-story fitness center, 24/7 concierge, valet parking, and Beach Club access. Unbeatable Downtown Miami location steps from Kaseya Center, Bayside Marketplace, the Brightline station, and Biscayne Bay, bringing global demand to Downtown Miami's short-term rental market. Whether for personal use, a pied-à-terre, or a high-performing investment asset, Unit 2007 offers a rare blend of location, view, and income potential in one of Miami's most in-demand condo-hotel addresses.
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Blue Mar Real Estate Group
About Downtown Miami
Downtown Miami has transformed into a dense urban neighborhood with Kaseya Center (home of the Miami Heat), Bayside Marketplace, the Perez Art Museum, Frost Science Museum, and Bayfront Park within walking distance of each other. The Miami Riverwalk connects downtown to Brickell along the water, and the Metromover provides free transit throughout the core. Condos range from new construction towers to renovated historic buildings, attracting first-time buyers, investors, and downtown professionals.
Property Details
Property Type
Condominium
Year Built
2022
Living Area
442 sq ft
Bedrooms
0
Bathrooms
1
Garage
1 Space
Pool
No
Waterfront
No
Cooling
Central Air
Heating
Central
Construction
CBS Construction
Style
High Rise
HOA Fee
$600 / Monthly
Annual Taxes
$9,430 (2025)
Days on Market
1
MLS #
A12055966
Features & Amenities
Interior
Appliances
Exterior
Other
Nearby Schools
Assigned public schools pulled from Miami-Dade County Public Schools’s official attendance-boundary data. Verify current boundaries with MDCPS before buying — zones can change year to year.
School data source: Miami-Dade County Open Data Hub
Similar Homes in Downtown Miami
Location
City
Miami
State
FL
ZIP Code
33132
County
Miami-Dade County
Listing provided by Alvaro Del Busto at EXP Realty LLC. Data from Miami Association of REALTORS®. All information deemed reliable but not guaranteed. Listing #A12055966.