Co-Op in Miami, FL 33132
The Elser Hotel & Residences, 398 NE 5th St #2418

3
Beds
3
Baths
1,135
SqFt
Status
Active
Parking
No info
Size
1,135 SqFt (105 m2)
Price
$1,410/SqFt ($15,174/m2)
Type
Co-Op
Built
2022
HOA
$1,307/MO
MLS Number
A11972846
View
Ocean,Other
On Site
193 Days
Updated
5 Days ago
Page Views
0
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.

Features

Bedrooms
  • Bedrooms: 3
Bathrooms
  • Bathrooms: 3
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Balcony, SecurityHighImpactDoors, Other
  • View: Ocean,Other
Interior, Heating and Cooling
  • Interior Features: ClosetCabinetry, Elevator, Other, Skylights, Bar
  • Equipment / Appliances: Dryer, Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Refrigerator, Washer
  • Heating Description: Central
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: Tile
  • Windows/Treatment: Skylights
  • Year Built: 2022
  • Year Built Description: Resale
  • Style: Other
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
    Other Property Info
    • Garage: No info
    • Listing Date: 2026-03-06T12:29:12.000-00:00
    • Pets Allowed: No
    Taxes, Fees & More
    • Maintenance Includes: Amenities, CommonAreas, CableTv, Insurance, MaintenanceStructure, Parking, Pools, RecreationFacilities, Sewer, Trash, Water
    • Taxes: 22186
    • Security Information: SmokeDetectors
    • Parking Description: Other
    • Total Floors in Building: 49

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    Price History

    Date
    Event
    Price
    Change
    Price Per
    02/26/2026
    Listed
    $1.6M
     
    $1,410 ft2
    $15,174 m2
    02/26/2026
    $1.6M
    Event
    Listed
    Price Per
    $1,410 ft2
    $15,174 m2
    Price per square foot and days on website are not provided values and are calculated by Subdivisions.
    Listed by Ana Osorio De Vega PAEXP Realty LLC • Buyer Agency Compensation .

    Listing Location & Street View
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    Scores

    Walk Score®
    Walker's Paradise. Daily errands do not require a car
    96

    100
    Transit Score®
    Rider's Paradise. World-class public transportation
    99

    100
    Bike Score®
    Very Bikeable. Biking is convenient for most trips
    77

    100
    Sound Score®
    Very loud
    65

    100
    Airport Score
    Close to airports. Noticeable airport activity
    0

    100
    Traffic Score
    Congested area. Frequent traffic delays
    46

    100
    Local Score
    Limited local amenities nearby
    2

    100
    Community Snapshot
    Studio – 3 BR
    Bedrooms
    $449K – $1.7M
    Price Tier
    341 - 32,286
    SqFt Range
    2022
    Year Build
    49
    Total Floors

    Subdivision Amenities

    Barbecue
    Cabana
    Clubhouse
    Elevators
    Fitness Center
    Hobby Room
    Management
    Playground
    Pool
    Sauna
    Trash

    Miami
    Ultra Luxury
    Ultra Luxury Homes & Condos