$1,350,000
398 NE 5th St # 2418, Miami FL 33132
239 days on marketPrice reduced $250,000 on Oct 28, 2026
- Bedrooms
- 3
- Bathrooms
- 3
- Living area
- 1,135 sqft
- Price per sqft
- $1,189
- Type
- Stock Cooperative
- Year built
- 2022
- HOA
- $1,307/mo
- Taxes
- $22,186/yr
- MLS #
- A11972846
About this home
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.
Estimated subtotal
$3,156/mo
- Principal and interestThe current market rate is not available right now. Enter the rate your lender quoted.
- Not included
- Property taxMLS 2025 annual tax, shown monthly
- $1,849
- HOAMLS association fee, monthly
- $1,307
The current market rate is not available right now. Enter the rate your lender quoted.
Estimate. Jumbo and investor loans are often priced differently; verify with your lender. Property tax is the seller's current bill and may be reassessed after purchase. Items marked Not included are not in this total.
Is this the right price?
We send written comps, the full cost of owning it and an offer strategy before you tour or offer.
The neighborhood
Miami, 33132
What to check here
Compare association costs, flood exposure and financing across distinct condo submarkets.
Listing courtesy of EXP Realty LLC
Listing data provided by the Miami Association of Realtors MLS, deemed reliable but not guaranteed.