Condo (co-op) in 398 NE 5th St 2418 Miami for sale with MLS# A11972846
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.
398 NE 5th St 2418, Miami, FL 33132
- Price:
- $1,600,000.00
- Original List Price:
- $1,600,000.00
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Listed As Is
- Listing Category:
- Residential
- Property Type:
- Co-Op Stock Cooperative
- MLS Number:
- A11972846
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- March 6, 2026 12:29 pm
- Bedrooms:
- 3
- Bathrooms Total:
- 3
- Full Bath:
- 3
- Living Area:
- 1,135 Sqft
- Built-Up Area:
- 1,135 Sqft
- Lot Size Unit:
- Square Feet
- View from the Property:
- Ocean, Other
- Waterfront:
- No
- Swimming Pool Features:
- Association
- Security:
- Smoke Detector(s)
- Appliances:
- Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Range, Electric Water Heater
- Interior:
- Closet Cabinetry, Bar, Other, Skylights, Elevator
- Exterior:
- Balcony, Other, Security High Impact Doors
- Patio and Porch:
- Balcony, Open
- Windows:
- Skylight(s), Skylight(s)
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Building:
- Exterior Lighting
- Year Built:
- 2022
- Year Built Details:
- Resale
- Architectural Style:
- Other
- Entry Level (floor):
- 24
- Entry Level Location:
- 24
- Construction Materials:
- Block, Brick Veneer
- Flooring:
- Tile
- Number of stories:
- 49
- Tax Annual Amount:
- $22,186.00
- Tax Year:
- 2025
- Association Fee:
- $1,307.00
- Association Fee Frequency:
- Monthly
- Property Tax Status:
- Tax Reflects No Exemptions
- Garage Spaces:
- 0
- Covered Spaces:
- 0
- Parking Features:
- Other
- Amenities Provided by the Homeowner's Association (HOA):
- Pool, Sauna, Spa/hot Tub, Elevator(s), Fitness Center, Beach Rights
- Subdivision Name:
- MAP OF MIAMI DADE CO. FL.
- Association Fee Includes:
- Sewer, Water, Trash, Cable Tv, Maintenance Structure, Common Areas, Insurance, Parking, Recreation Facilities, Amenities, Pools
- Complex Name:
- The Elser
- Senior Community:
- No
- Restrictions:
- Corporate Buyer Allowed, Daily Rentals Allowed, Okay to Lease
- Listing Terms Considered by Seller:
- Cash, Conventional, FHA, VA Loan
- Occupant Type:
- Vacant
- Buyer Possession:
- Close Of Escrow
- Tax Legal Description:
- 398 NE 5TH STREET CONDO UNIT 2418 UNDIV 0.2874% INT IN COMMON ELEMENTS OFF REC 33416-1520
- Real Estate Folio Number (Parcel Number):
- 01-41-37-078-5890
- Originally published on:
- March 6, 2026 12:29 pm
- Active on the market since:
- March 6, 2026
- Price change occurred on:
- February 26, 2026 1:31 pm
- Listing Status Last Changed On:
- March 6, 2026 12:29 pm
- Photos updated on:
- March 6, 2026 5:39 pm
- Last Modified:
- March 6, 2026 11:01 pm
- Unit View:
- Ocean View, Other View
- Housing Older Persons Act:
- No HOPA
- Unit Design:
- Other
- Type of Association:
- Condo
- Minimum Number of Days per Lease:
- 365
- Type of Governing Bodies of the Association:
- Condominium
- Number of Times Leased per Year:
- 1
- Flood Zone:
- X
- Application Fee:
- $150.00
- Style:
- Condo 5+ Stories
- Municipal Code:
- 1
- Subdivision Number:
- 78
- Courtesy of:
- EXP Realty LLC
- Attribution:
- Not provided
- Street Name:
- 5th St
- Street Number:
- 398
- Unit Number:
- 2418
- 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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