MAP OF MIAMI DADE CO. FL.
398 NE 5th St # 2418, Miami FL 33132
3 beds · 3 baths · 1,135 ft²
$1,600,000
Est. Payment $8,516/mo
3
Bedrooms
3
Bathrooms
1,135
Sq. Ft.
2022
Year Built
49
Stories
187
Days on Market
Description
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.
Facts
- MLS#
- A11972846
- Subdivision
- MAP OF MIAMI DADE CO. FL.
- Property Type
- Residential
- Property Sub Type
- Stock Cooperative
- Year Built
- 2022
- Lot Size
- 0 sqft
- Sq. Ft.
- 1,135 ft²
- Sq. Mt.
- 105 m²
- Price per sq. ft.
- $1,410/ft²
- Price per sq. mt.
- $15,238/m²
- Stories
- 49
- Garage
- —
- Pool
- —
- Days on Market
- 187 days
- Listed
- Mar 6, 2026
- Last Updated
- Sep 9, 2026
- Price/Lot Sq.Ft.
- —
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Market insights for Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
September 2026
61
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 3/6/2026 | Listed for sale | $1,600,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
Estimated Monthly Payment
$9,999/mo
Principal & Interest
$8,516
Property Tax
$1,333
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
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 and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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