Condo in 398 NE 5th St 2116 Miami for sale with MLS# A11963081
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.
398 NE 5th St 2116, Miami, FL 33132
- Price:
- $599,000.00
- Original List Price:
- $599,000.00
- More Listings Same Building:
- The Elser Miami in 398 5th St Miami
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Listed As Is
- Listing Category:
- Residential
- Property Type:
- Condominium
- MLS Number:
- A11963081
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- February 13, 2026 7:57 am
- Bathrooms Total:
- 1
- Full Bath:
- 1
- Living Area:
- 362 Sqft
- Built-Up Area:
- 362 Sqft
- Lot Size Unit:
- Square Feet
- View from the Property:
- Bay
- Waterfront:
- Yes
- Waterfront Features:
- Bay Front
- Swimming Pool Features:
- Association
- Security:
- Key Card Entry, Security Guard, Lobby Secured, Secured Garage/Parking
- Furnished:
- Furnished
- Appliances:
- Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Range
- Interior:
- Walk-In Closet(s), Closet Cabinetry, Bedroom On Main Level, Vaulted Ceiling(s), Built-in Features, Bar
- Exterior:
- Balcony, Security High Impact Doors
- Patio and Porch:
- Balcony, Open
- Windows:
- Impact Glass, Impact glass, Impact Glass
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Building:
- Exterior Lighting
- Water Access Description:
- None
- Year Built:
- 2022
- Year Built Details:
- Resale
- Architectural Style:
- High Rise, High Rise
- Entry Level (floor):
- 21
- Entry Level Location:
- 21
- Construction Materials:
- Block
- Flooring:
- Tile
- Number of stories:
- 49
- Tax Annual Amount:
- $9,386.00
- Tax Year:
- 2025
- Association Fee:
- $557.00
- Association Fee Frequency:
- Monthly
- Property Tax Status:
- Tax Reflects City & County Tax
- Garage Spaces:
- 0
- Covered Spaces:
- 0
- Parking Features:
- Valet
- Pets Allowed?:
- Yes, Conditional
- Amenities Provided by the Homeowner's Association (HOA):
- Business Center, Pool, Clubhouse, Barbecue, Elevator(s), Fitness Center, Picnic Area
- Subdivision Name:
- MAP OF MIAMI DADE CO. FL.
- Association Fee Includes:
- Maintenance Grounds, Sewer, Trash, Security, Maintenance Structure, Common Areas, Insurance, Amenities, Pools
- Complex Name:
- The Elser
- Senior Community:
- No
- Restrictions:
- Daily Rentals Allowed, No Boats, No RVs, No Trucks, Okay to Lease
- Listing Terms Considered by Seller:
- Cash, Conventional
- Occupant Type:
- Tenant
- Buyer Possession:
- Closing And Funding
- Tax Legal Description:
- 398 NE 5TH STREET CONDO UNIT 2116 UNDIV 0.0917% INT IN COMMON ELEMENTS OFF REC 33416-1520
- Real Estate Folio Number (Parcel Number):
- 01-41-37-078-5180
- Originally published on:
- February 13, 2026 7:57 am
- Active on the market since:
- February 13, 2026
- Price change occurred on:
- February 10, 2026 5:36 pm
- Listing Status Last Changed On:
- February 13, 2026 7:57 am
- Photos updated on:
- February 13, 2026 1:15 pm
- Last Modified:
- February 16, 2026 10:48 pm
- Unit View:
- Bay
- Housing Older Persons Act:
- No HOPA
- Unit Design:
- High-Rise
- 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 5+ Stories
- Municipal Code:
- 1
- Subdivision Number:
- 78
- Courtesy of:
- United Realty Group Inc
- Attribution:
- Not provided
- Street Name:
- 5th St
- Street Number:
- 398
- Unit Number:
- 2116
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33132
- County:
- Miami-Dade
- Latitude:
- N25° 46' 43.6''
- Longitude:
- W81° 48' 38.7''
- Street Direction Prefix:
- NE
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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