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Attention Investors: Short-Term Rental Approved Residence at The ElserExceptional 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.
Property Details
Price: $1,350,000
Sq Ft: 1,135
($1,189 per
sqft)
Bedrooms: 3
Bathrooms: 3
Unit On Floor: 24
City: Miami
County: Miami-Dade
Type: Co-Op
Development: Map Of Miami Dade Co. Fl.
Virtual Tour/Floorplan:
View
Year Built: 2022
Listing Number: A11972846
Status Code: A-Active
Taxes: $22,186.00
Tax Year: 2025
Application Fee: $150.00
Garage:
Pets Allowed: No
Interior Features:
Elevator
Closet Cabinetry
Amenities:
Elevator(s)
Fitness Center
Parking
Pool
Sauna
Spa/Hot Tub
Bar
Private Beach Pavilion
Maintenance
Financial Information:
Taxes: $22,186.00
Tax Year: 2025
Association Fee: $1,307.00
Association Fee Frequency: Monthly
Exterior Features:
Lighting
Other
Balcony
Equipment:
Electric Water Heater
Dryer
Disposal
Dishwasher
Electric Range
Microwave
Refrigerator
Washer
View:
Other
Ocean
School Information:
Elementary School: Frederick Douglass
Middle School: Jose De Diego
Junior High: Jose De Diego
High School: Booker T. Washington
Additional Information:
Building Description: Other
MLS Area: 2420
Total Square Footage: 1,135
Price per Square Feet: $1,189.42
Total Floors: 49
Construction: Block, Brick Veneer
Date Listed: 2026-03-05 00:00:00
Windows: Skylight(S)
Flooring: Tile
Heating: Central
Cooling: Central Air
Security: Smoke Detector(S)
Pets: No
Restrictions: Other Restrictions
Parcel ID: 0141370785890
Amenities: Elevator(S), Fitness Center, Parking, Pool, Sauna, Spa/Hot Tub, Bar, Private Beach Pavilion, Maintenance
Map of 398 Ne 5Th St #2418, Miami, FL 33132
Listing Courtesy Of: Exp Realty Llc
ana@theanavegagroup.com