About 398 Ne 5th Street #2418
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.
Features of 398 Ne 5th Street #2418
| MLS® # | A11972846 |
|---|---|
| Price | $1,600,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 1,135 |
| Year Built | 2022 |
| Type | Residential |
| Sub-Type | Stock Cooperative |
| Style | Other |
| Status | Active |
Community Information
| Address | 398 Ne 5th Street #2418 |
|---|---|
| Area | 2420 |
| Subdivision | MAP OF MIAMI DADE CO. FL. |
| City | Miami |
| Building | The Elser |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33132 |
Amenities
| Amenities | Elevator(s), Fitness Center, Parking, Pool, Sauna, Spa/Hot Tub, Bar, Private Beach Pavilion, Maintenance |
|---|---|
| View | Other, Ocean |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Elevator, Closet Cabinetry |
|---|---|
| Appliances | Electric Water Heater, Dryer, Disposal, Dishwasher, Electric Range, Microwave, Refrigerator, Washer |
| Heating | Central |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 49 |
Exterior
| Exterior Features | Lighting, Other, Balcony |
|---|---|
| Windows | Skylight(s) |
| Construction | Block, Brick Veneer |
School Information
| Elementary | Frederick Douglass |
|---|---|
| Middle | Jose De Diego |
| High | Booker T. Washington |
Additional Information
| Date Listed | March 6th, 2026 |
|---|---|
| Days on Market | 182 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 1307 |
| HOA Fees Freq. | Monthly |
| Tax Annual Amount | $22,186 |
| Tax Year | 2025 |
Listing Details
| Office | EXP Realty LLC |
|---|