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Property Description

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.

Overview

Property Status
For Sale
MLS ID
A11972846
Property Type
Co-Op
Year Built
2022

Features & Amenities

Total Area
1,135 Sq.Ft.
Neighborhood
Downtown Miami
View Description
Ocean View, Other View
Stories
49
Parking
Other
Heat Type
Central
Air Conditioning
Central Air
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
Other Interior Features
Closet Cabinetry, Elevator, Skylight
HOA Amenities
Bar, Elevator(s), Exercise Room, Exterior Lighting, Pool, Private Beach Pavilion, Sauna, Spa/Hot Tub
Security Features
Smoke Detector, No Security
Other Exterior Features
Other, Open Balcony
Sales Price
$1,600,000
Real Estate Tax
$22,186/yr
HOA
$1,307/mo

Downloads

398 NE 5th St # 2418

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We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

Thank you

for your interest in 398 NE 5th St # 2418, Miami, FL 33132

398 NE 5th St # 2418
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