MAP OF MIAMI DADE CO. FL.

398 NE 5th St # 2418, Miami FL 33132

3 beds · 3 baths · 1,135 ft²

For Sale · Active Listing

$1,600,000

Est. Payment $8,516/mo

MLS Sheet Video

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.

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

September 2026

100/100
Buyers marketSellers market

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).

3/6/2026Listed 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

398 NE 5th St # 2418, Miami FL 33132Directions

Estimated Monthly Payment

$9,999/mo

Principal & Interest

$8,516

Property Tax

$1,333

Insurance

$150

HOA

$0

20% ($320,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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

Similar listings nearby

More homes in Miami around $1,600,000.

Call NowWhatsApp