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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561-225-4604
Last updated March 06, 2026
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Source: MIAMIRE #A11972846
Listing Facts
TypeCo-op
NeighborhoodMiami Central Business District
Bedrooms3
Bathrooms3
Days on Prevu10
HOA/Maint. Fees$1,307/month
Taxes$22,186/year
Size1,135 sqft
Price per sqft$1,410
Amenities
Dishwasher
Private Outdoor Space
Washer/Dryer
Pets Allowed
Air Conditioning
Elevator
Swimming Pool
Location
Mortgage Calculator
Listing History
03/06/2026
Listed by EXP Realty LLC
$1,600,000
Property Details for 398 NE 5th St 2418
Association
Amenities
Association Amenities: Bar, Elevator(s), Exercise Room, Exterior Lighting, Pool, Private Beach Pavilion, Sauna, Spa/Hot Tub
Pets Allowed: No
Fees
Association Fee: $1,307.00 Monthly
Association Fee Includes: All Amenities, Building Exterior, Cable Tv, Common Area, Elevator, Insurance, Parking, Pool Service, Recreation Facilities, Sewer, Trash Removal, Water
Exterior
Construction
Property Attached: Yes
Stories Total: 49
Structure Type: Condo 5+ Stories, Co-Op
Window Features: Skylight
Year Built: 2022
Year Built Details: Resale
Building Name: The Elser
Construction Materials: Concrete Block Construction, Brick Veneer
Entry Level: 24
Exterior Features: Other, Open Balcony
Features
Patio And Porch Features: Open Balcony
View: Ocean View, Other View
Measurements
Building Area Total: 1,135
Building Area Units: Square Feet
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: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
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.
Are pets allowed at 398 NE 5th St?
Yes, 398 NE 5th St allows pets. Check the Property Details for any relevant restrictions.
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 40% below the average price for co-ops in Miami Central Business District and has been on the market for 134 less days than the typical home in this area.
What building or home owners association is the co-op part of?
This co-op is in the The Elser building.
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. Listed on Prevu for 10 days at $1,600,000. This home 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 $730,000. The home offers private outdoor space, dishwasher, pets allowed, elevator, air conditioning, 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.
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.
