About 398 Ne 5th Street #2116
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.
Features of 398 Ne 5th Street #2116
| MLS® # | A11963081 |
|---|---|
| Price | $599,000 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 362 |
| Year Built | 2022 |
| Type | Residential |
| Sub-Type | Condominium |
| Status | Active |
Community Information
| Address | 398 Ne 5th Street #2116 |
|---|---|
| Area | 2420 |
| Subdivision | MAP OF MIAMI DADE CO. FL. |
| City | Miami |
| Building | The Elser |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33132 |
Amenities
| Amenities | Clubhouse, Elevator(s), Fitness Center, Picnic Area, Pool, Bar, Business Center, Maintenance |
|---|---|
| Parking | Valet |
| View | Bay |
| Is Waterfront | Yes |
| Waterfront | None, Bayfront |
| Has Pool | No |
Interior
| Interior Features | Built-in Features, Vaulted Ceiling(s), Walk-In Closet(s), Closet Cabinetry |
|---|---|
| Appliances | Dryer, Disposal, Dishwasher, Electric Range, Microwave, Refrigerator, Washer |
| Heating | Central |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 49 |
Exterior
| Exterior Features | Lighting, Balcony |
|---|---|
| Construction | Block, CBS |
School Information
| Elementary | Frederick Douglass |
|---|---|
| Middle | Jose De Diego |
| High | Booker T. Washington |
Additional Information
| Date Listed | February 13th, 2026 |
|---|---|
| Days on Market | 203 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 557 |
| HOA Fees Freq. | Monthly |
| Tax Annual Amount | $9,386 |
| Tax Year | 2025 |
Listing Details
| Office | United Realty Group Inc |
|---|