398 NE 5th St # 2418, Miami FL 33132, photo 1
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$1,600,000

Stock CooperativeActive
⏱️ Listed 144 days ago (~5 months)
3Beds
3Baths
1,135Sq Ft
2022Built

398 NE 5th St # 2418, Miami FL 33132

MLS #A11972846

About This Property

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.

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Marie I. Sanjurjo
Licensed Broker
Blue Mar Real Estate Group
📞 (305) 680-5672💬 WhatsApp Marie✉️ [email protected]

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.

Explore Downtown Miami📊 Downtown Miami market report

Property Details

Property Type

Stock Cooperative

Year Built

2022

Living Area

1,135 sq ft

Bedrooms

3

Bathrooms

3

Pool

No

Waterfront

No

Cooling

Central Air

Heating

Central

Flooring

Tile

Construction

Concrete Block Construction, Brick Veneer

HOA Fee

$1,307 / Monthly

Annual Taxes

$22,186 (2025)

Days on Market

92

MLS #

A11972846

Features & Amenities

Interior

Closet CabinetryElevatorSkylight

Appliances

DishwasherDisposalDryerElectric Water HeaterMicrowaveElectric RangeRefrigeratorWasher

Exterior

OtherOpen Balcony

Other

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.

Assigned Public Schools
Elementary
Douglass, Frederick Elementary
Grades K-5
314 NW 12 St., Miami 33136
Middle
Jose de Diego MS
Grades 6-8
3100 NW 5 Ave., Miami 33127
High
Washington, Booker T. Senior High
Grades 9-12
1200 NW 6th Ave., Miami 33136
Private Schools Within 5 Miles
Key Point Christian Academy0.8 mi
609 Brickell Ave, Miami
The Learning World Academy in Downtown0.8 mi
555 NE 15th St, Miami
RJW The Academy of Arts Sciences0.8 mi
430 NW 9th St, Miami
KLA Schools of Brickell0.8 mi
600 SW 1st Ave, Miami
KLA Elementary0.9 mi
625 SW 1st Ave, Miami
Brickell Heights Elementary1.0 mi
25 SW 9th St, Miami
WorldEd International School1.0 mi
848 Brickell Ave, Miami
Centner Academy - Middle and High Schools1.1 mi
1911 Northeast Miami Court, Miami

School data source: Miami-Dade County Open Data Hub

Location

Loading map…

City

Miami

State

FL

ZIP Code

33132

County

Miami-Dade County

$1,600,000
398 NE 5th St # 2418, Miami FL 33132
3Beds
3Baths
1,135Sq Ft
📞 (305) 680-5672💬 WhatsApp
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398 NE 5th St # 2418, Miami FL 33132$1,600,000

Listing provided by Ana Osorio De Vega at EXP Realty LLC. Data from Miami Association of REALTORS®. All information deemed reliable but not guaranteed. Listing #A11972846.