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398 NE 5th St 2418, Miami FL 33132
398 NE 5th St 2418, Miami FL 33132
Florida>Miami>Miami Central Business District

398 NE 5th St 2418Miami, FL 33132

For Sale

$1,350,000

Smart Buyer Rebate $13,500

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.

Listed by Ana Osorio De Vega

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License #3408477

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EXP Realty LLC

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5612254604

Last updated October 28, 2026

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Source: SEF #A11972846

Listing Facts

  • TypeCo-op
  • NeighborhoodMiami Central Business District
  • Bedrooms3
  • Bathrooms3
  • Days on Prevu239
  • HOA/Maint. Fees$1,307/month
  • Taxes$22,186/year
  • Size1,135 sqft
  • Price per sqft$1,189

Amenities

  • Dishwasher
  • Washer/Dryer
  • Air Conditioning
  • Elevator
  • Swimming Pool
  • Fitness Center

Location

Mortgage Calculator

Listing History

10/29/2026
Price Decreased
$1,350,000
03/06/2026
Listed by EXP Realty LLC
$1,600,000
  1. 10/29/2026$1,350,000
    Price Decreased
  2. 03/06/2026$1,600,000
    Listed by EXP Realty LLC

Property Details for 398 NE 5th St 2418

Association

Amenities

  • Association Amenities: Beach Rights, Fitness Center, Pool, Sauna, Spa/Hot Tub, Elevator(s), Parking
  • Pets Allowed: No

Fees

  • Association Fee: $1,307.00 Monthly
  • Association Fee Includes: Cable TV, Insurance, Maintenance Structure, Sewer, Trash, Water

Exterior

Construction

  • Property Attached: Yes
  • Stories Total: 49
  • Window Features: Skylight(s)
  • Year Built: 2022
  • Year Built Details: Resale
  • Architectural Style: Other
  • Construction Materials: Brick Veneer, Block
  • Entry Level: 24
  • Entry Location: 24
  • Exterior Features: Balcony, Other

Features

  • Building Features: Exterior Lighting
  • Pool Features: Association
  • View: Ocean, Other

Measurements

  • Building Area Total: 1,135
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 01-41-37-078-5890
  • Tax Annual Amount: $22,186.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Flooring: Tile
  • Interior Features: Elevator, Other, Bar

Measurements

  • Living Area: 1,135

Rooms

  • Bathrooms Full: 3
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 3

Other

Location

  • Subdivision Name: MAP OF MIAMI DADE CO. FL.

Parking

Parking

  • Parking Features: Other

Utilities

Equipment

  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Central
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms and bathrooms does this co-op have?

There are 3 bedrooms and 3 bathrooms in this co-op at 398 NE 5th St 2418.

What are the annual taxes for 398 NE 5th St 2418?

Annual taxes for this co-op are estimated at $22,186.

How does 398 NE 5th St 2418 compare to other co-ops in Miami Central Business District?

This co-op is listed 29% above the average price for co-ops in Miami Central Business District and has been on the market for 13 more days than the typical home in this area.

What is the square footage on this co-op?

According to the MLS, this listing is 1,135 sqft.

398 NE 5th St 2418 is a 3-bedroom, 3-bath co-op for sale in Miami FL 33132. On Prevu for 239 days at $1,350,000. This includes a recent price decrease of $250,000. This property features 1,135 square feet of living space, located in Miami Central Business District. The median listing price for co-ops in this area is $605,000. Property amenities include dishwasher, elevator, air conditioning, fitness center, swimming pool, and washer/dryer. View other co-op listings in Miami.

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.