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For sale
  • $1,600,000

    398 NE 5th St #2418, Miami, FL 33132

    3beds
    1,135sqft
    : 
    $11,717/mo
    Get pre-qualified
    Condominium
    Built in 2022
    -- sqft lot
    $1,507,000 Zestimate®
    $1,410/sqft
    $1,307/mo HOA

    What's special

    Floor-to-ceiling windowsRooftop poolOpen-concept layoutCustom cabinetry
    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.
    147 days
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    20
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    2
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    Zillow last checked:

    Listing updated:

    Listed by:

    Ana Osorio De Vega PA 561-225-4604,

    EXP Realty LLC

    Source: MIAMI,MLS#: A11972846MLS LogoOriginating MLS: A-Miami Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
      Features
      • Closet Cabinetry, Elevator
      • Flooring: Tile
      • Doors: High Impact Doors
      • Windows: Skylight(s)
      Interior area
      • Total structure area: 1,135
      • Total interior livable area: 1,135 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Other
      Features
      • Exterior features: Other, Balcony
      • Pool features: Association
      • Spa features: Community
      • Has view: Yes
      • View description: Ocean, Other
      • Has water view: Yes
      • Water view: Ocean
      Details
      • Parcel number: 0141370785890

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Concrete Block Construction, Brick Veneer
      Condition
      • Year built: 2022

      Community & HOA

      Community
      • Security: Smoke Detector, No Security
      • Application fee: $150
      • Subdivision: Map Of Miami Dade Co. Fl.
      HOA
      • Has HOA: Yes
      • Amenities included: Bar, Elevator(s), Fitness Center, Exterior Lighting, Pool, Private Beach Pavilion, Sauna, Spa/Hot Tub
      • HOA fee: $1,307 monthly
      Location
      • Region: Miami

      Financial & listing details

      • Price per square foot: $1,410/sqft
      • Tax assessed value: $1,088,751
      • Annual tax amount: $22,186
      • Date on market: 3/6/2026
      • Listing terms: All Cash,Conventional,FHA,VA Loan

        Estimated market value

        $1,507,000

        $1.43M - $1.58M

        $7,961/mo

        Price history

        DateEventPrice
        3/6/2026Listed for sale$1,600,000+3.2%$1,410/sqft
        Source: MIAMI #A11972846 Report a problem
        11/16/2025Listing removed$10,000$9/sqft
        Source: BeachesMLS #R11039005 Report a problem
        3/10/2025Listing removed$1,550,000$1,366/sqft
        Source: BeachesMLS #RX-10997780 Report a problem
        1/9/2025Price change$1,550,000-8.8%$1,366/sqft
        Source: BeachesMLS #RX-10997780 Report a problem
        11/21/2024Listed for rent$10,000$9/sqft
        Source: BeachesMLS #R11039005 Report a problem
        6/20/2024Listed for sale$1,700,000+22.5%$1,498/sqft
        Source: BeachesMLS #RX-10997780 Report a problem
        10/11/2023Sold$1,387,900$1,223/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$22,186 -6.4%$1,088,751 -8%
        2024$23,708 -9.4%$1,183,425 -7%
        2023$26,158 $1,272,500
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Downtown

        Getting around

        96 / 100
        Walker's Paradise
        99 / 100
        Rider's Paradise
        77 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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