398 NE 5th St # 2116, Miami, FL

The Elser Hotel & Residences · 0 Bedrooms · 1 Bathroom · 362 Sq Ft

The Elser Hotel & Residences Unit 2116 at 398 NE 5th St # 2116, Miami, FL 33132 — photo 1
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About the Property

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.

Unit 2116 in Context

Unit 2116 is located at 398 NE 5th St, part of the 16 line on floor 21 of The Elser's 646-residence tower. 2 other 16 line residences are currently offered for sale in the building.

This Residence

$1,655/SF

Building Avg Asking

$1,463/SF

Financial

Fees & Taxes

Association Fee$557
Association Fee FrequencyMonthly
Lot Size Square Feet0
Tax Annual Amount$9,386
Tax Year$2,025

Terms

All CashConventionalPossession: Funding

Interior Features

Interior

Bathrooms Full: 1Bathrooms Half: 0Entry Level: 21Furnished: FurnishedBuilt-in FeaturesCloset CabinetryVaulted Ceiling(s)Walk-In Closet(s)Entry LevelStudioRooms Total: 0Stories Total: 49

Appliances

DishwasherDisposalDryerMicrowaveElectric RangeRefrigeratorWasher

Flooring

Tile

Cooling & Heating

Central AirCentral

Windows

High Impact Windows

Exterior & Views

View

Bay

Waterfront

Frontage TypeBay
WaterfrontYes

Pool & Spa

Carport Spaces0
Covered Spaces0
Garage Spaces0
Pool PrivateNo

Exterior

High RiseConcrete Block ConstructionCBS ConstructionOpen BalconyIDX Participation: YesNew Construction: NoOpen Balcony

Building & Community

Amenities

Association: YesBarBarbecueBusiness CenterClubhouse-ClubroomElevator(s)Exercise RoomExterior LightingPool

Security

Fire AlarmCard EntrySecured Garage/ParkingGuard At SiteLobby Secured

Parking

Garage: NoValetNo Rv/BoatsNo Trucks/Trailers

Pets & Restrictions

Pets AllowedRestrictions Or Possible Restrictions

Listing Information

Dates & Status

Contract Status Change Date2026-02-13
Listing Contract Date2026-02-13
Mls StatusActive
On Market Date2026-02-13

Details

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

Additional Details

Building Area Total362
Building NameThe Elser
Door FeaturesHigh Impact Doors
Parcel Number01-41-37-078-5180
Property AttachedYes

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Courtesy of United Realty Group Inc