398 NE 5th St # 1518, Miami, FL

The Elser Hotel & Residences · 3 Bedrooms · 3 Bathrooms · 1,127 Sq Ft

The Elser Hotel & Residences Unit 1518 at 398 NE 5th St # 1518, Miami, FL 33132 — photo 1
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About the Property

Looking for a Miami investment that stands out? This fully furnished 3BD/3BA at The Elser Hotel & Residences combines DIRECT water views, Downtown skyline views, and a wraparound balcony with NO RENTAL RESTRICTIONS—offering the flexibility of Airbnb and daily rentals. What makes this residence especially appealing? Its ADA-accessible layout features wider hallways and additional maneuvering space for a more spacious, comfortable experience. It can be rented to any guest, while also appealing to travelers seeking accessible accommodations. For investors, that means the opportunity to reach a broader guest market and differentiate the property in rental searches. Accessibility adds versatility; occupancy and returns depend on pricing, demand, and management. Inside, enjoy 9+ ft ceilings, porcelain wood-style tile, Italkraft cabinetry, quartz countertops, and stainless steel appliances. Amenities include a 132-ft pool with private cabanas, cocktail bar, coffee lounge, two-story wellness center, yoga deck, co-working spaces, and sky lounge. Close to Bayfront Park, dining, museums, and Kaseya Center. Enjoy it yourself, welcome guests, and explore its rental income potential. Schedule your private tour today!

Unit 1518 in Context

Unit 1518 is located at 398 NE 5th St, part of the 18 line on floor 15 of The Elser's 646-residence tower. 3 other 18 line residences are currently offered for sale in the building.

This Residence

$1,330/SF

Building Avg Asking

$1,414/SF

Financial

Fees & Taxes

Association Fee$1,300
Association Fee FrequencyMonthly
Lot Size Square Feet0
Tax Annual Amount$23,078
Tax Year$2,025

Terms

All CashConventionalCryptocurrencyPossession: Negotiable

Interior Features

Interior

Bathrooms Full: 3Bathrooms Half: 0Entry Level: 15Furnished: FurnishedLobbyElevatorAt Least 1 Bedroom Ground LevelDining/Living RoomEat-In KitchenCombination Tub & ShowerRooms Total: 0Stories Total: 646

Appliances

DishwasherElectric RangeMicrowaveRefrigerator

Flooring

ConcreteTile

Cooling & Heating

Central AirCentral

Windows

Hurricane Shutters

Laundry

Washer/Dryer Hook-Up

Exterior & Views

View

Bay

Waterfront

Frontage TypeBay
WaterfrontYes

Pool & Spa

Covered Spaces1
Garage Spaces1
Pool PrivateYes

Exterior

Corner UnitHigh RiseConstruction Materials: CBS ConstructionOpen BalconyIDX Participation: YesNew Construction: YesOpen Balcony

Building & Community

Amenities

Association: YesExercise RoomPoolPrivate Beach PavilionPrivate PoolSaunaSpa/Hot Tub

Security

Lobby SecuredTV Camera

Parking

Garage: Yes1 SpaceNo Rv/BoatsNo Trucks/Trailers

Pets & Restrictions

Pets AllowedYes

Listing Information

Dates & Status

Contract Status Change Date2026-10-24
Listing Contract Date2026-10-24
Mls StatusActive
On Market Date2026-10-24

Details

County Or Parish: Miami-Dade CountyMajor Change Type: NewCondo 5+ StoriesCondoYear Built Details: New Construction

Additional Details

Building Area Total1127
Building NameTHE ELSER
Parcel Number01-41-37-078-5800
Property ConditionNew Construction

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Courtesy of EXP Realty LLC