Condominium
398 NE 5th St # 1518
398 NE 5th St # 1518, Miami FL 33132 Get directions
$1,499,000
3 Beds · 3 Baths · 1,127 SqFt
See estimated monthly costThis listing is courtesy of EXP Realty LLC. Annie Montiel
Overview
Looking for a Miami investment that stands out? This fully furnished 3BD/3BA at The Elser Hotel & Residences combines DIRECT water views, Downtown skyline views, and a wraparound balcony with NO RENTAL RESTRICTIONS—offering the flexibility of Airbnb and daily rentals. What makes this residence especially appealing? Its ADA-accessible layout features wider hallways and additional maneuvering space for a more spacious, comfortable experience. It can be rented to any guest, while also appealing to travelers seeking accessible accommodations. For investors, that means the opportunity to reach a broader guest market and differentiate the property in rental searches. Accessibility adds versatility; occupancy and returns depend on pricing, demand, and management. Inside, enjoy 9+ ft ceilings, porcelain wood-style tile, Italkraft cabinetry, quartz countertops, and stainless steel appliances. Amenities include a 132-ft pool with private cabanas, cocktail bar, coffee lounge, two-story wellness center, yoga deck, co-working spaces, and sky lounge. Close to Bayfront Park, dining, museums, and Kaseya Center. Enjoy it yourself, welcome guests, and explore its rental income potential. Schedule your private tour today!
Facts & features
Interior
- Living area (sq ft)
- 1,127
- Full bathrooms
- 3
- Furnished
- Furnished
- Lobby
- Elevator
Building & exterior
- Year built
- 2024
- Garage spaces
- 1
- Covered spaces
- 1
- Pool
- Yes
- Waterfront
- Yes
- Bay
- Open Balcony
- 1 Space
- No Rv/Boats
- No Trucks/Trailers
HOA (homeowners association)
- Association fee
- $1,300 per month
- Pets allowed
- Yes
- Exercise Room
- Pool
- Private Beach Pavilion
- Private Pool
- Sauna
- Spa/Hot Tub
- Auto Parking On
- No Trucks/Rv'S
- Yes
Taxes
- Annual tax
- $23,078
- Tax year
- 2025
- Parcel number
- 01-41-37-078-5800
Listing
- MLS number
- A12112486
- Property type
- Condominium
- Price per SqFt
- $1,330
- Subdivision
- MAP OF MIAMI DADE CO. FL.,THE ELSER
- On market since
- Oct 24, 2026
- Days on market
- 1
Estimated monthly cost
$11,927 per month
- Principal & interest (30 yr)
- $7,580
- Property tax
- $1,923
- Insurance (estimated)
- $1,124
- Association fee
- $1,300
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- New World School of the Arts
- School For Advanced Studies Wolfson
- Law Enforcement Officers Memorial Senior High
- Downtown Miami Charter School
- School Board Adm - Main Building
- Anna Brenner Meyers Telecommunication Complex
- K-12 Distance Learning
- iPrep Academy
- Primary Learning Center
- Miami-Dade Online Academy
- Key Point Academy Downtown
- School Board Adm -Garage
- The Learning World Academy in Downtown
- KLA Schools of Brickell
- RJW The Academy of Arts Sciences
Similar homes nearby
Active listings within two miles, with a comparable size and price.
398 NE 5th St # 3811, Miami FL 33132
$1,543/mo HOA
Price cut: $50,000 (−3.6%)
COSMORE Florida Corp.
398 NE 5th St # 4701, Miami FL 33132
$433/mo HOA
MRI Realty Group
398 NE 5th St # 3318, Miami FL 33132
$1,800/mo HOA
United Realty Group Inc
398 NE 5th St # 1911, Miami FL 33132
$1,342/mo HOA
Deal Flow Realty, LLC.
398 NE 5th St # 2418, Miami FL 33132
$1,307/mo HOA
EXP Realty LLC
398 NE 5th St # 1601, Miami FL 33132
$1,666/mo HOA
My Realty Group, LLC.
398 NE 5th St # 3017, Miami FL 33132
$1,604/mo HOA
3D Tour
Coldwell Banker Realty
398 NE 5TH # 4118, Miami FL 33132
$1,716/mo HOA
Price cut: $100,000 (−7.2%)
EXP Realty LLC
Copyright SEFMLS © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.