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398 NE 5th St # 1518, Miami FL 33132

Condo/Co-op For Sale
$1,499,000

BTC: 18.85534591

ETH: 616.36513158

New
Waterfront
3 bds
3 ba
1,127 sqft

Overview

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!

Location

Details

Type:
Residential
Parking:
1 Space / No Rv/Boats / No Trucks/Trailers
Year Built:
2024
Lot:
No Data
Heating:
Central
Price/sqft:
$1,330
Cooling:
Central Air
HOA:
$1,300

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,475,000
$1.2M – $2.0M
Confidence Low
List vs. estimate
At estimate
List $1,499,000 · +1.6%
List is in line with recent comparable activity.
Price per sq ft
$1,330
+134.3% vs. city median $567
Based on
19 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $12.6M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$23,078
2025
HOA
$1,300/mo
Pool
Private
View
Bay
Waterfront
Yes
Garage
1 car garage
Furnished
Furnished
Pets
Allowed
All facts and features
  • Flooring

    • Concrete

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Electric Range

    • Microwave

    • Refrigerator

    Other interior features

    • Lobby

    • Elevator

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Parking

    • 1 Space

    • No Rv/Boats

    • No Trucks/Trailers

    Property

    • Pool Private: Yes

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 01-41-37-078-5800

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $1,300

    • HOA Frequency: Monthly

    • Annual tax amount: $23,078

  • Source details

    • MLS ID: A12112486

    Other facts

    • Construction Materials: CBS Construction

    • Laundry Features: Washer/Dryer Hook-Up

    • Patio And Porch Features: Open Balcony

    • Window Features: Hurricane Shutters

    • Architectural Style: Corner Unit / High Rise

    • Waterfront: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 1127

    • Subdivision Name: MAP OF MIAMI DADE CO. FL.,THE ELSER

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: EXP Realty LLC