Hotel/Motel in 398 NE 5th St 2112 Miami for sale with MLS# A11821496
Located in the Heart of Downtown Miami, this exceptional Studio at THE ELSER Hotel & Residences is a rare investment opportunity, ideal for short-term rentals managed through Airbnb, VRBO, or directly by the hotel. Fully furnished and beautifully appointed, this unit features a king-size bed, pull-out couch, and a fully equipped kitchen, washer & dryer inside the unit. Enjoy breathtaking panoramic views of Biscayne Bay, a rooftop pool with a poolside bar and restaurant, a two-story gym, and valet parking. Just steps from Bayside Marketplace, Port of Miami, this location truly has it all! Don't miss out on this premier property in Miami's luxury market.
398 NE 5th St 2112, Miami, FL 33132
Price
- Price:
- $725,000.00
- Original List Price:
- $725,000.00
- More Listings Same Building:
- The Elser Miami in 398 5th St Miami
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Listed As Is
- Listing Category:
- Residential
- Property Type:
- Hotel Motel
- MLS Number:
- A11821496
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- June 12, 2025 5:56 pm
Rooms Distribution
- Bedrooms:
- 1
- Bathrooms Total:
- 1
- Full Bath:
- 1
Measures
- Living Area:
- 341 Sqft
- Built-Up Area:
- 341 Sqft
- Lot Size Unit:
- Square Feet
Property Features
- View from the Property:
- Bay
- Waterfront:
- Yes
- Waterfront Features:
- -Bay front
- Swimming Pool Features:
- Heated, Association
- Security:
- Smoke Detector(s), Elevator Secured, Lobby Secured, Fire Alarm
- Appliances:
- Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Range, Electric Water Heater
- Interior:
- First Floor Entry, Elevator
- Exterior:
- Balcony
- Patio and Porch:
- Balcony, Open
- Windows:
- Blinds, Impact Glass
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Electric
- Water Access Description:
- None
Construction
- Year Built:
- 2022
- Year Built Details:
- Condo-hotel
- Architectural Style:
- High Rise
- Entry Level (floor):
- 21
- Entry Level Location:
- 21
- Construction Materials:
- Block
- Flooring:
- Tile
- Number of stories:
- 49
Taxes and Expenses
- Tax Annual Amount:
- $9,820.00
- Tax Year:
- 2023
- Association Fee:
- $445.00
- Association Fee Frequency:
- Monthly
- Property Tax Status:
- Tax Reflects No Exemptions
Parking
- Garage
- Garage Spaces:
- 1
- Covered Spaces:
- 1
- Parking Features:
- One Space, Valet
Community
- Pets Allowed?:
- Yes, Conditional
- Amenities Provided by the Homeowner's Association (HOA):
- Pool, Sauna, Spa/hot Tub, Elevator(s), Fitness Center
- Subdivision Name:
- MAP OF MIAMI DADE CO. FL.
- Association Fee Includes:
- Water, Cable Tv, Pool(s), Security, Common Areas, Internet, Hot Water, Amenities
- Complex Name:
- THE ELSER
- Senior Community:
- No
- Restrictions:
- Corporate Buyer Allowed, Daily Rentals Allowed, Okay to Lease
Terms
- Listing Terms Considered by Seller:
- Cash, Conventional
- Occupant Type:
- Call Agent
- Buyer Possession:
- Closing & Funding
- Lease Considered:
- Yes
Zoning and Legal
- Tax Legal Description:
- 398 NE 5TH STREET CONDO UNIT 2112 UNDIV 0.0864% INT IN COMMON ELEMENTS OFF REC 33416-1520
- Real Estate Folio Number (Parcel Number):
- 01-41-37-078-3820
Listing History
- Originally published on:
- June 12, 2025 5:56 pm
- Active on the market since:
- June 12, 2025
- Price change occurred on:
- June 12, 2025 5:00 pm
- Listing Status Last Changed On:
- June 12, 2025 5:56 pm
- Photos updated on:
- June 13, 2025 7:53 pm
- Last Modified:
- June 13, 2025 11:00 pm
Additional Information
- Unit View:
- Bay
- Housing Older Persons Act:
- Unverified
- Unit Design:
- High-Rise, Lobby
- Type of Association:
- Condo
- Minimum Number of Days per Lease:
- 1
- Type of Governing Bodies of the Association:
- Condominium
- Pet Fee:
- $0.00
- Number of Times Leased per Year:
- 365
- Flood Zone:
- X
- Application Fee:
- $150.00
- Style:
- Condo-Hotel
- Municipal Code:
- 1
- Subdivision Number:
- 78
- Courtesy of:
- Damar Florida Real Estate
- Attribution:
- Not provided
Location
- Street Name:
- 5th St
- Street Number:
- 398
- Unit Number:
- 2112
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33132
- County:
- Miami-Dade
- Latitude:
- N25° 46' 43.6''
- Longitude:
- W81° 48' 38.7''
Property Map
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$109,505
Median Home Value
$545,100
Median Rent
$2,534/mo
Median Age
34
Population
18,244
Air Quality
Source: AirNow.gov · Miami
🌬️ Air Quality Index (AQI)
35
Good
☀️ O3
30
Good
🫁 PM2.5
35
Good
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