398 NE 5th Street 2116, Miami, FL 33132 (MLS# A11963081)

398 NE 5th Street 2116, Miami, FL 33132

$599,000
Property Type: Residential Baths: 1 Square Footage: 362 Status: Active
Current Price: $599,000 List Date: 2/13/2026 Last Modified: 10/30/2026

Overview

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 Details MLS# A11963081

General Property Information

Unit Floor #
21
Property Sub Type
Condominium
Bathrooms Total
Yes
Bathrooms Full
Yes
Building Area Main
362
Living Area Main
362
Adjusted Area Main
362
Year Built
2022
Senior Community YN
No
Waterfront YN
Yes
Outdoor Living Spaces YN
Yes
Stories Total
49
Furnished
Furnished

Property Features

Application Information: 1-2 Weeks Approval; Association Approval Required Association Amenities: Maintenance Association Fee Includes: Common Areas; Elevator; Insurance; Maintenance Grounds; Maintenance Structure; Pool Service; Security; Sewer; Trash Exterior Features: Lighting Flooring: Tile Leasing Permitted Details: Okay To Lease; Short Term Rentals Allowed Parking Features: Valet Property Condition: Resale Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer Construction Materials: Block; CBS Cooling: Central Air Association Type: Condominium Heating: Central Interior Features: Built-in Features; Closet Cabinetry; Vaulted Ceiling(s); Walk-In Closet(s) Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Negotiable Restrictions: Parking - No Trailer; Parking - No Truck Security Features: Fire Alarm; Key Card Entry; Secured Garage/Parking; Security Guard; Security System Special Information: Sold As-Is Tax Information: City/County Unit Description: Studio; High Rise Water Access: None Water View: Bay Waterfront Features: Bayfront Showing Requirements: 24 Hour Notice; Appointment Only Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open

Contract Information

Comp Sale YN
No
Original List Price
599000
Occupant Type
Tenant

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
398
Street Direction Prefix
NE
Street Name
5th
Street Suffix
Street
Unit Number
2116
City Name
Miami
Municipal Code
Yes
State Or Province
FL
Postal Code
33132
Postal Code +4
2074
Postal Zip
33132
Subdivision Name
MAP OF MIAMI DADE CO. FL.
Area
2420
Elementary School
Frederick Douglass
Middle Or Junior School
Jose De Diego
High School
Booker T. Washington
Special Assessment YN
No
Parcel Number
0141370785180
Subdivision Number
78
Flood Zone
X

Financial Information

Association YN
Yes
Association Fee
557
Association Fee Frequency
Monthly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
557
Membership Fee Required YN
No
Tax Annual Amount
9386
Tax Year
2025
Tax Legal Description
398 NE 5TH STREET CONDO UNIT 2116 UNDIV 0.0917% INT IN COMMON ELEMENTS OFF REC 33416-1520

Status Change Information

Major Change Timestamp
2026-02-13T05:00:00Z
Major Change Type
New Listing
Status Change Date
2026-02-13

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Leasing Permitted Details

Leasing Permitted YN
Yes

Leasing Restrictions

Leasing - Max Times Per Year
365
Leasing - Minimum Number of Days
Yes

Storm Protection

Impact Glass
Partial

Price Calculations

Current Price To SqFt
1654.69

Section Details

Parcel Number MLX
5180

Originating Details

Originating System Key
426639863
Originating System ID
M00000151
IDX
Listing Office: United Realty Group Inc
Source MLS Verified
Last Updated: October - 30 - 2026
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