Condo in 398 NE 5th Street 1518, Miami, FL 33132 for sale with MLS# A12112486

Looking for a Miami investment that stands out? This fully furnished 3BD/3BA at The Elser Hotel & Residences combines DIRECT water views, Downtown skyline views, and a wraparound balcony with NO RENTAL RESTRICTIONS-offering the flexibility of Airbnb and daily rentals.What makes this residence especially appealing? Its ADA-accessible layout features wider hallways and additional maneuvering space for a more spacious, comfortable experience. It can be rented to any guest, while also appealing to travelers seeking accessible accommodations. For investors, that means the opportunity to reach a broader guest market and differentiate the property in rental searches. Accessibility adds versatility; occupancy and returns depend on pricing, demand, and management.Inside, enjoy 9+ ft ceilings, porcelain wood-style tile, Italkraft cabinetry, quartz countertops, and stainless steel appliances. Amenities include a 132-ft pool with private cabanas, cocktail bar, coffee lounge, two-story wellness center, yoga deck, co-working spaces, and sky lounge. Close to Bayfront Park, dining, museums, and Kaseya Center. Enjoy it yourself, welcome guests, and explore its rental income potential. Schedule your private tour today!

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Days on the market

398 NE 5th Street 1518, Miami, FL 33132

Price
Price:
$1,499,000.00
Original List Price:
$1,499,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,330.07
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
Description of Last Important Update:
New Listing
Last Major Update on:
October 24, 2026 4:00 am
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
3
Bathrooms Total:
3
Full Bath:
3
Room Type:
Convertible Bedroom
Master Bedroom Bath:
Master Bdrm - Ground, Combo Tub/shower
Dining Area:
Eat-in Kitchen, Dining/Living Room
Measures
Living Area:
1,127 Sqft
Built-Up Area:
1,127 Sqft
Property Features
View from the Property:
Bay
Waterfront:
Yes
Waterfront Features:
None, Bayfront
Swimming Pool Features:
Private
Security:
Security System, Closed Circuit Camera(s)
Furnished:
Furnished
Accessibility:
Accessible Elevator Installed, Accessible Doors, Accessible Hallway(s), Accessible Entrance, Accessible Kitchen, Accessible Full Bath
Appliances:
Dishwasher, Microwave, Refrigerator, Electric Range
Interior:
Elevator
Exterior:
Balcony
Laundry:
Washer Hookup, Dryer Hookup
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central
Unit Description:
Corner/end Unit, High Rise
Balcony Details:
Balcony - Open
Construction
Year Built:
2024
Levels:
Two
Construction Materials:
CBS
Flooring:
Tile, Concrete
Number of stories:
646
Flood Zone Code:
X
Property Condition:
New Construction
Taxes and Expenses
Tax Annual Amount:
$23,078.00
Tax Year:
2025
Association Fee:
$1,300.00
Association Fee Frequency:
Monthly
Property Tax Details:
Tax Reflects No Exemptions
Parking
Garage
Garage Spaces:
1
Covered Spaces:
1
Utilities
Utilities Available:
Cable Available
Community
Association
Application Information:
No Approvals
Association Type:
Homeowner Association, Condominium
Pets Allowed?:
Yes, No Restrictions
Lease Number Times per Year Allowed:
365
Amenities Provided by the Homeowner's Association (HOA):
Pool, Sauna, Spa/hot Tub, Private Beach Pavilion, Fitness Center, Parking, Lobby
Subdivision Name:
MAP OF MIAMI DADE CO. FL.
Association Fee Includes:
Maintenance Grounds, Sewer, Water, Trash, Cable Tv, Pest Control, Security, Common Areas, Insurance, Hot Water, Legal/accounting, Elevator, Reserve Funds, Roof Repairs, Pool Service, Recreation Facility
Senior Community:
No
Development Name:
THE ELSER
Restrictions:
Parking - No Rv, Parking - No Truck, Parking - No Trailer, Auto Parking On
Minimum Days per Lease:
1
Terms
Listing Terms Considered by Seller:
Cash, Conventional, Cryptocurrency
Buyer Possession:
Negotiable, Close Of Escrow
Zoning and Legal
Tax Legal Description:
398 NE 5TH STREET CONDO UNIT 1518 UNDIV 0.2854% INT IN COMMON ELEMENTS OFF REC 33416-1520
Real Estate Folio Number (Parcel Number):
0141370785800
Public Schools Assigned
Elementary School:
Frederick Douglass
High School:
Booker T. Washington
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
October 24, 2026
Listing Agreement executed on:
October 24, 2026
Listing Status Last Changed On:
October 24, 2026 4:00 am
Photos updated on:
October 25, 2026 2:05 am
Last Modified:
October 25, 2026 2:05 am
Additional Information
Courtesy of:
EXP Realty LLC
Attribution:
Not provided
Location
Floor Number:
15
Street Name:
5th
Street Number:
398
Unit Number:
1518
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
Property Map

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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
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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.