Condo in 398 NE 5th St 3811 Miami for sale with MLS# A11969815

Unit 3811 at Elser Hotel & Residences is a stunning 2-bedroom, 2-bathroom residence offering breathtaking bayfront and direct water views. From its elevated position, enjoy spectacular panoramas of the park and Biscayne Bay, with unforgettable sunrises and vibrant city lights at night. The unit is fully furnished and turnkey, ready to be occupied immediately or placed into income production from day one. Floor-to-ceiling windows flood the space with natural light, enhancing the modern design and showcasing the incredible waterfront scenery. Located in one of Downtown Miami's most desirable buildings, the residence allows short-term rentals, including daily rentals, making it an exceptional opportunity for investors seeking strong income potential, as well as end users who value flexibility. A rare opportunity to own a prime waterfront property with spectacular views and full short-term rental freedom.

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398 NE 5th St 3811, Miami, FL 33132

Price
Price:
$1,385,000.00
Original List Price:
$1,385,000.00
More Listings Same Building:
The Elser Miami in 398 5th St Miami
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Condominium
MLS Number:
A11969815
Description of Last Important Update:
New Listing
Last Major Update on:
February 21, 2026 3:40 pm
Rooms Distribution
Bedrooms:
2
Bathrooms Total:
2
Full Bath:
2
Measures
Living Area:
818 Sqft
Built-Up Area:
818 Sqft
Lot Size Unit:
Square Feet
Property Features
View from the Property:
Intercoastal, Water, Bay
Waterfront:
Yes
Waterfront Features:
Ocean Front, Bay Front
Security:
Other
Appliances:
Other
Interior:
Other
Exterior:
Other
Air Conditioning
Air Conditioning System:
Central Air
Heating System:
Other
Water Access Description:
Other
Construction
Year Built:
2024
Year Built Details:
New Construction
Architectural Style:
Other
Entry Level (floor):
38
Entry Level Location:
38
Construction Materials:
Block
Flooring:
Other
Number of stories:
55
Taxes and Expenses
Tax Annual Amount:
$23,931.00
Tax Year:
2025
Association Fee:
$1,543.00
Association Fee Frequency:
Monthly
Property Tax Status:
Tax Reflects No Exemptions
Parking
Garage
Garage Spaces:
1
Covered Spaces:
1
Parking Features:
One Space, Covered, Valet
Community
Pets Allowed?:
Yes, Conditional
Amenities Provided by the Homeowner's Association (HOA):
Other
Subdivision Name:
MAP OF MIAMI DADE CO. FL.
Association Fee Includes:
Other
Complex Name:
The Elser Hotel
Senior Community:
No
Restrictions:
Daily Rentals Allowed
Terms
Disclosures:
Other
Listing Terms Considered by Seller:
Cash, Conventional
Occupant Type:
Tenant
Buyer Possession:
Closing And Funding
Zoning and Legal
Tax Legal Description:
398 NE 5TH STREET CONDO UNIT 3811 UNDIV 0.2071% INT IN COMMON ELEMENTS OFF REC 33416-1520
Real Estate Folio Number (Parcel Number):
01-41-37-078-3650
Listing History
Originally published on:
February 21, 2026 3:40 pm
Active on the market since:
February 21, 2026
Price change occurred on:
February 21, 2026 3:27 pm
Listing Status Last Changed On:
February 21, 2026 3:40 pm
Photos updated on:
March 5, 2026 6:00 pm
Last Modified:
March 5, 2026 6:00 pm
Additional Information
Unit View:
Bay, Intracoastal View, Water View
Housing Older Persons Act:
No HOPA
Unit Design:
Other
Type of Association:
Condo
Minimum Number of Days per Lease:
1
Type of Governing Bodies of the Association:
Condominium
Pet Fee:
$100.00
Number of Times Leased per Year:
365
Flood Zone:
X
Application Fee:
$100.00
Style:
Condo 5+ Stories
Municipal Code:
1
Subdivision Number:
78
Courtesy of:
COSMORE Florida Corp.
Attribution:
Not provided
Location
Street Name:
5th St
Street Number:
398
Unit Number:
3811
City:
Miami
State:
Florida
Zip Code:
33132
County:
Miami-Dade
Latitude:
N25° 46' 43.6''
Longitude:
W81° 48' 38.7''
Street Direction Prefix:
NE
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) 32 Good
☀️ O3 30 Good
🫁 PM2.5 32 Good

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Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.