Condo (co-op) in 398 NE 5th Street 2418, Miami, FL 33132 for sale with MLS# A11972846
Attention Investors: Short-Term Rental Approved Residence at The ElserExceptional 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 Street 2418, Miami, FL 33132
- Price:
- $1,600,000.00
- Original List Price:
- $1,600,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $1,409.69
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Residential
- Property Type:
- Co-Op Stock Cooperative
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- March 6, 2026 5:00 am
- Other Special Conditions:
- Sold As-is
- Bedrooms:
- 3
- Bathrooms Total:
- 3
- Full Bath:
- 3
- Master Bedroom Bath:
- Other
- Living Area:
- 1,135 Sqft
- Built-Up Area:
- 1,135 Sqft
- View from the Property:
- Ocean, Other
- Waterfront:
- No
- Security:
- Smoke Detector(s), None
- Appliances:
- Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Range, Electric Water Heater
- Interior:
- Closet Cabinetry, Elevator
- Exterior:
- Balcony, Lighting, Other
- Windows:
- Skylight(s), Skylight(s)
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Balcony Details:
- Balcony - Open
- Storm Protection Impact Glass:
- Partial
- Year Built:
- 2022
- Architectural Style:
- Other
- Levels:
- Two
- Construction Materials:
- Block, Brick Veneer
- Flooring:
- Tile
- Number of stories:
- 49
- Flood Zone Code:
- X
- Property Condition:
- Resale
- Tax Annual Amount:
- $22,186.00
- Tax Year:
- 2025
- Association Fee:
- $1,307.00
- Association Fee Frequency:
- Monthly
- Property Tax Details:
- Tax Reflects No Exemptions
- Garage Spaces:
- 0
- Covered Spaces:
- 0
- Association
- Application Required
- Application Fee:
- $150.00
- Application Information:
- 3-4 Weeks Approval
- Association Type:
- Condominium
- Lease Number Times per Year Allowed:
- 1
- Amenities Provided by the Homeowner's Association (HOA):
- Pool, Sauna, Spa/hot Tub, Private Beach Pavilion, Bar, Maintenance, Elevator(s), Fitness Center, Parking
- Subdivision Name:
- MAP OF MIAMI DADE CO. FL.
- Association Fee Includes:
- Sewer, Water, Trash, Cable Tv, Maintenance Structure, Common Areas, Insurance, Elevator, Pool Service, Recreation Facility
- Senior Community:
- No
- Restrictions:
- Other Restrictions
- Minimum Days per Lease:
- 365
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease, Short Term Rentals Allowed
- Listing Terms Considered by Seller:
- Cash, Conventional, FHA, VA Loan
- 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):
- 0141370785890
- Elementary School:
- Frederick Douglass
- High School:
- Booker T. Washington
- Middle Or Junior School:
- Jose De Diego
- Active on the market since:
- March 6, 2026
- Listing Agreement executed on:
- March 6, 2026
- Listing Status Last Changed On:
- March 6, 2026 5:00 am
- Photos updated on:
- September 3, 2026 10:26 pm
- Last Modified:
- September 3, 2026 10:27 pm
- Courtesy of:
- EXP Realty LLC
- Attribution:
- Not provided
- Floor Number:
- 24
- Street Name:
- 5th
- Street Number:
- 398
- Unit Number:
- 2418
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33132
- County:
- Miami-Dade
- Latitude:
- N25° 46' 44''
- Longitude:
- W81° 48' 38.5''
- Street Suffix:
- Street
- Street Direction Prefix:
- NE
Want to schedule an in-person or virtual tour? Have questions?
Want to schedule an in-person or virtual tour? Have questions?
Schedule a Tour or Ask a Question
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Ver la propiedad 398 NE 5th Street 2418, Miami, FL 33132
