$599,000
 $3,216 est/mo Sourced by Back At You

398 NE 5th St 2116,Miami, FL 33132

Miami, FL 33132

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Description

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.

Details

MLS #A11963081
Listing TypeFor Sale
StyleCondominium
HOA Dues$557
Sub-TypeResale
StatusActive
Year2022
Days On Site206
Listing Provided ByUnited Realty Group Inc | Gabriela Melo

Features

Bath(s) 1 Total
SQ Feet362
PoolYes
Story(s)49
Water FrontYes
Property ViewYes

Parking

Garage Yes / NoNo
Parking FeaturesValet

Taxes

Tax Annual Amount9386

Area Information

StateFL
CountyMiami Dade
CityMiami
Zip Code33132
Area41
Community NameMAP OF MIAMI DADE CO. FL.
Listing VS Median (in MAP OF MIAMI DADE CO. FL.)
Price:
$599,000
low | high
Med:
$579,000
53.338898163606% of Average
sqft:
362
low | high
Med:
442
27.900552486188% of Average
$ / sqft:
$1,655
low | high
Med:
$1,310
70.834120215442% of Average
On site:
206
low | high
Med:
49
100% of Average
Sourced by Back At You

Market Activity 33132

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Learn More About This Property

StateFL
CountyMiami Dade
CityMiami
Zip Code33132
Area41
Community NameMAP OF MIAMI DADE CO. FL.
Listing VS Median (in MAP OF MIAMI DADE CO. FL.)
Price:
$599,000
low | high
Med:
$579,000
53.338898163606% of Average
sqft:
362
low | high
Med:
442
27.900552486188% of Average
$ / sqft:
$1,655
low | high
Med:
$1,310
70.834120215442% of Average
On site:
206
low | high
Med:
49
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $449K - $748K
sqft: 272 - 453
Listing Updated: September 2, 2026 at 1:25:11 AM PDT