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Homes for sale in Miami
Stock Cooperative

398 NE 5th St # 2418

Miami, FL 33132
$1,600,000
Beds
3
Baths
3
Sq ft
1,135
Year built
2022
Price per sq ft
$1,410

Listing courtesy of Ana Osorio De Vega, EXP Realty LLC

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.

Details

Property

Type
Stock Cooperative
Building
Condo 5+ Stories
Year built
2022
Stories
49
Building name
The Elser
Subdivision
MAP OF MIAMI DADE CO. FL.
County
Miami-Dade County
View
Ocean View, Other View
Flood zone
X

Interior

Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
Flooring
Tile
Cooling
Central Air
Heating
Central
Features
Closet Cabinetry, Elevator, Skylight

Exterior and parking

Exterior
Open Balcony
Patio and porch
Open Balcony
Construction
Concrete Block Construction, Brick Veneer

Community and fees

Association fee
$1,307 monthly
Amenities
Bar, Elevator(s), Exercise Room, Exterior Lighting, Pool, Private Beach Pavilion, Sauna, Spa/Hot Tub
Maintenance includes
All Amenities, Building Exterior, Cable Tv, Common Area, Elevator, Insurance, Parking, Pool Service, Recreation Facilities, Sewer, Trash Removal, Water
Security
Smoke Detector, No Security
Pets
No
Annual taxes
$22,186
Terms
All Cash, Conventional, FHA, VA Loan
Minimum lease (days)
365

Neighborhood

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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated September 9, 2026.