Condominium
398 NE 5th St # 2116
398 NE 5th St # 2116, Miami FL 33132
$599,000
0 Beds · 1 Bath · 362 SqFt
See estimated monthly costThis listing is courtesy of United Realty Group Inc. Gabriela Melo
Overview
Prime investment opportunity at The Elser Hotel & Residences in the heart of Downtown Miami. Luxury condo with no rental restrictions, allowing daily, weekly, and short-term rentals—ideal for investors seeking strong income potential in Miami’s high-demand short-term rental market. Turnkey, fully finished and furnished residences with floor-to-ceiling glass and private balconies offering sweeping city and bay views. Owners may participate in a professionally managed onsite rental program for seamless operations and optimized returns. Resort-style amenities include a panoramic bayfront pool deck, multi-level fitness center, coworking spaces, lounges, café, and concierge services. Unbeatable walkable location steps from Bayside Marketplace, Bayfront Park, Kaseya Center, dining, nightlife, Brightline and major transit. A rare chance to own a flexible-use, income-producing asset in one of Miami’s most dynamic urban cores.
Facts & features
Interior
- Living area (sq ft)
- 362
- Full bathrooms
- 1
- Furnished
- Furnished
- Built-in Features
- Closet Cabinetry
- Vaulted Ceiling(s)
- Walk-In Closet(s)
Building & exterior
- Year built
- 2022
- Waterfront
- Yes
- Bay
- Open Balcony
- Valet
- No Rv/Boats
- No Trucks/Trailers
HOA (homeowners association)
- Association fee
- $557 per month
- Pets allowed
- Yes
- Bar
- Barbecue
- Business Center
- Clubhouse-Clubroom
- Elevator(s)
- Exercise Room
- Exterior Lighting
- Pool
- Daily Rentals Allowed
- Ok To Lease
- Restrictions Or Possible Restrictions
Taxes
- Annual tax
- $9,386
- Tax year
- 2025
- Parcel number
- 01-41-37-078-5180
Listing
- MLS number
- A11963081
- Property type
- Condominium
- Price per SqFt
- $1,655
- Subdivision
- MAP OF MIAMI DADE CO. FL.
- On market since
- Feb 13, 2026
- Days on market
- 130
Estimated monthly cost
$4,817 per month
- Principal & interest (30 yr)
- $3,029
- Property tax
- $782
- Insurance (estimated)
- $449
- Association fee
- $557
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
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Comparables in this building
- 398 NE 5th St # 4713, Miami FL 33132 $410,000
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