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$1,600,000

  • For Sale
  • Active
  • Co-op
  • 3 Beds
  • 3 Full Baths
  • 1,135 Sq. Ft.
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Attention Investors: Short-Term Rental Approved Residence at The Elser Exceptional 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.

Full Property Details for 398 NE 5th St #2418

General

  • Price: $1,600,000
  • HOA FEE: $1,307/month
  • Taxes: $22,186 (2025)
  • Status: Active
  • Type: Co-op
  • Source: Greater_Miami
  • MLS ID: A11972846
  • Updated: 3/6/2026
  • Added to Site: 26 day(s) ago

Interior

  • Interior Features: Closet Cabinetry, Elevator, Skylight
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 3
  • Bedroom Features: Other

Additional Information

  • Shared Amenities: Bar, Elevator(s), Exercise Room, Exterior Lighting, Pool, Private Beach Pavilion, Sauna, Spa/Hot Tub
  • Maint. Includes: All Amenities, Building Exterior, Cable Tv, Common Area, Elevator, Insurance, Parking, Pool Service, Recreation Facilities, Sewer, Trash Removal, Water
  • Security/Safety: Smoke Detector, No Security

Exterior

  • Exterior Features: Other, Open Balcony
  • Deck/Patio: Open Balcony

Parking

  • Parking Features: Other

Location

  • Area: Map Of Miami Dade Co. Fl.
  • County: Miami-Dade County
  • Subdivision: MAP OF MIAMI DADE CO. FL.
  • Building Name: The Elser

Community

  • Community Name: Map Of Miami Dade Co. Fl.
  • Association: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Structural Information

  • Structure Type: Condo 5+ Stories, Co-Op
  • Detached/Attached: Attached
  • Construction: Concrete Block Construction, Brick Veneer
  • Windows: Skylight
  • Doors: High Impact Doors
  • Entry Floor Number: 24
  • Building Size: 1135
  • Square Feet: 1,135
  • Living Area: 1,135 Sq. Ft.
  • Year Built: 2022

Lot Features

  • Property View: Ocean View, Other View

Financial Considerations

  • Price Per Sq. Ft.: $1,409.69
  • Association Fee: $1,307
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $22,186
  • Tax Year: 2025
  • Terms: All Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Legal Description: 398 NE 5TH STREET CONDO UNIT 2418 UNDIV 0.2874% INT IN COMMON ELEMENTS OFF REC 33416-1520
  • Restrictions: Corporate Buyer OK, Daily Rentals Allowed, Ok To Lease
  • Property ID: 01-41-37-078-5890

Listed by EXP Realty LLC

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Listing agent

— 398 NE 5th St #2418 —

  • EXP Realty LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 398 NE 5th St #2418

School District:Dade County School District
NameGradesDistance
Frederick R. Douglass Elementary School
314 Northwest 12th Street, Miami, FL 33136
PK-50.9 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-82.1 mi
Booker T. Washington Senior High School
1200 Northwest 6th Avenue, Miami, FL 33136
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 398 NE 5th St #2418 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/06/2026
Listed
$1,600,000
15.28%
MLS
9/19/2023
Sold
$1,387,900
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 398 NE 5th St #2418

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,186
-1%
$1,088,751
-8%
2024
$22,522
-9%
$1,183,425
-7%
2023
$24,850
—
$1,272,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 398 NE 5th St #2418

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by EXP Realty LLC

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398 NE 5th St #2418, Miami, FL 33132 (MLS# A11972846) is a Co-op property with 3 bedrooms and 3 full bathrooms. 398 NE 5th St #2418 is currently listed for $1,600,000 and was received on March 06, 2026. Want to learn more about 398 NE 5th St #2418? Do you have questions about finding other Co-op real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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