$599,000
0 bd · 1 ba · 362 sq ft · Condominium
398 NE 5th St # 2116, Miami FL 33132
For Sale · Active listing
Est. payment $3,292/mo · Mortgage calculator
Listed by United Realty Group Inc / Gabriela Melo
Contact: 954-234-6768 (listing contact).
Shown through Slice Realty. Requests from this page reach Slice Realty / Propiedad Futura, not the listing agent.
About this home
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.
Facts
- MLS #
- A11963081
- Subdivision
- MAP OF MIAMI DADE CO. FL.
- Property type
- Residential
- Property subtype
- Condominium
- Sq. ft.
- 362
- Price per sq. ft.
- $1,655 / sq ft
- Year built
- 2022
- Days on market
- 208
- County
- Miami-Dade County
- Date listed
- Feb 13, 2026
- Last updated
- Sep 9, 2026
Financial considerations
- HOA fee
- $557 monthly
- Taxes
- $9,386 (2025)
- HOA amenities
- Bar, Barbecue, Business Center, Clubhouse-Clubroom, Elevator(s), Exercise Room, Exterior Lighting, Pool
Exterior features
- Waterfront
- Yes
- View
- Bay
- Construction
- Concrete Block Construction, CBS Construction
- Additional features
- Open Balcony
Interior features
- Furnished
- Furnished
- Heating
- Central
- Cooling
- Central Air
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
- Window features
- High Impact Windows
- Additional features
- Built-in Features, Closet Cabinetry, Vaulted Ceiling(s), Walk-In Closet(s)
Additional features
- Pets allowed
- Restrictions Or Possible Restrictions
- Security
- Fire Alarm, Card Entry, Secured Garage/Parking, Guard At Site, Lobby Secured
Mortgage calculator
Includes principal and interest, taxes and insurance.
Rate: Freddie Mac 30-year average (2026-10-22). Estimate only.
Local context (our analysis)
Area stats are available for our covered neighborhoods. See neighborhoods.
Source: Southeast Florida MLS (SEFMLS). Last updated Sep 9, 2026, 11:58 AM ET
Listing data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided 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.