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Current MLS Property Details

398 NE 5th Street 2116, Miami, FL 33132

Miami, FL, 33132
398 NE 5th Street 2116, Miami, FL 33132

About This Property

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.

Property Details

Property Type Condominium
Subdivision MAP OF MIAMI DADE CO. FL.
Development MAP OF MIAMI DADE CO. FL.
County Miami-Dade
Waterfront Yes
Association Fee $557 Monthly
Original List Price $599,000
MLS ID A11963081
Updated Jul 7, 2026
Quick Payment Estimate

What might this home cost each month?

Starting rate: 6.66% 30 year fixed national average · updated Aug. 27, 2026
$
%
%
$ /mo
Estimated principal & interest $0/mo
P&I + HOA / condo $0/mo
Taxes, insurance, flood coverage and PMI are not included here. HOA / condo fee prefilled from MLS Rate is editable and is not a lender quote.
Listing Office: United Realty Group Inc • 954-450-2000
Listing Agent: Gabriela Melo • 954-234-6768
MLS ID: A11963081
Property information is displayed from the site's BeachesMLS IDX data feed. Information is subject to change and should be independently verified.
Property Location

Where is this property?

398 NE 5th Street 2116, Miami, FL 33132 · Miami, FL, 33132
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