$599,000

398 NE 5th Street 2116, Miami, FL 33132

1 bath |
362 sqft

Condominium
Built in 2022
—— sqft lot
—— car garage
$1,655/sqft
Listed 4 months ago

Property 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.

Listing Status:: Active
Date Added:: February 13, 2026
Data Last Updated:: July 3, 2026 at 7:18AM
Listing Office:: United Realty Group Inc : 954-450-2000
Listing Agent:: Gabriela Melo : 954-234-6768
MLS ID:: A11963081

General: Built-in FeaturesBedroom on Main LevelCloset CabinetryVaulted Ceiling(s)Walk-In Closet(s)Bar
Appliances: DryerDishwasherElectric RangeDisposalMicrowaveRefrigeratorWasher
Flooring: Tile
A/C: Central Air
Heating: Central

General: BalconyLightingOutdoor Living Area
Other Structures: BalconyOpen
Pool: Association
Parking: Valet

General: Block49

HOA Amenities: Business CenterClubhouseFitness CenterMaintenance GroundsPicnic AreaPoolElevator(s)Common AreasInsuranceMaintenance GroundsMaintenance StructurePool(s)SewerSecurityTrash557.0Monthly
Originating MLS: BEACH_MIAMI
County: Miami-Dade

Zoning: 398 NE 5TH STREET CONDO UNIT 2116 UNDIV 0.0917% INT IN COMMON ELEMENTS OFF REC 33416-15200141370785180
View: BayView

Source: BEACH_MIAMI

This listing courtesy of Gabriela Melo , United Realty Group Inc

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.