398 NE 5th St 2418 Miami, FL $ 1,600,000
398 NE 5th St 2418
$ 1,600,000
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398 NE 5th St 2418

Miami, FL, 33132
$ 1,600,000
Bedrooms3 Baths3.0 Sq 1,135

Monthly Estimate*

$ 9,851

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Co-Op for sale in Miami, FL

for $1,600,000 with 3 bedrooms and 3 full baths. This 1,135 square foot home was built in 2022.

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.

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Co-Op Active

Price

$ 1,600,000

Bedrooms

3

Full Bath

3

Property Type

Co-Op

Taxes

$ 22,186

Style

Year Built

2022

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A11972846

Features
General
Heating Central
Cooling Central Air
Possession Close Of Escrow
Appliances Dryer Dishwasher Electric Range Electric Water Heater Disposal Microwave Refrigerator Washer
HOA Fee 1307
Garage Spaces 0
Association Fee Includes Amenities Common Areas Cable TV Insurance Maintenance Structure Parking Pool(s) Recreation Facilities Sewer Trash Water
Patio/Porch Features Balcony Open
Architectural Style Other
Pool Features Association
Security Features Smoke Detector(s)
Restrictions Corporate Buyer OK Daily Rentals Allowed OK To Lease
Construction Materials Brick Veneer Block
Pets Allowed No
Year Built 2022
View Ocean Other
Unit Number 2418
Property Subtype Stock Cooperative
Tax Year 2025
Assoc Fee Paid Per Monthly
County Miami-Dade
Property Type Residential
Association Amenities Beach Rights Fitness Center Pool Sauna Spa/Hot Tub Elevator(s)
Subdivision Name MAP OF MIAMI DADE CO. FL.
Garage Y/N false
Building Features Exterior Lighting
Total Rooms 0
Full Baths 3
Special Listing Conditions Listed As-Is
Status Active
City Miami
Entry Location 24
Senior Community Y/N false
MLS Area 41
Lot Size Units Square Feet
Carport Spaces 0
Carport Y/N false
Listing Terms Cash Conventional FHA VA Loan
Property Attached Y/N true
Year Built Details Resale
Tax Annual Amount 22186
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11972846
Standard Status Active
Occupancy Type Vacant
Property Sub Type Additional Stock Cooperative
Legal Description 398 NE 5TH STREET CONDO UNIT 2418 UNDIV 0.2874% INT IN COMMON ELEMENTS OFF REC 33416-1520
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Interior
Interior Amenities Closet Cabinetry Elevator Other Skylights Bar
Flooring Tile
Total Stories 49
Air Conditioning Y/N true
Heating Y/N true
Window Features Skylight(s)
Half Baths 0
Total Bedrooms 3
Entry Level 24
Total Baths 3
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Exterior
Exterior Amenities Balcony Security/High Impact Doors Other
Parking Features Other
Building Area Total 1135
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Exp Realty Llc

Broker

ana@theanavegagroup.com

Email

Affordability Calculator

$11,700
Per Month
84%
16%
0%
Monthly Principal & Interest
$9,851
Monthly Property Taxes
$1,849
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/6/2026$1,600,000 Listed Price

Map


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398 NE 5th St 2418, Miami, FL, 33132 is a Co-Op for sale at $1,600,000 with 1,135 sqft. 398 NE 5th St 2418 has 3 bedrooms, 3.0 baths, and was built in 2022. The property's zip code is 33132 which is in Miami, FL