398 NE 5th St # 3811, Miami, FL 33132

About 398 NE 5th St # 3811, Miami, FL 33132

Unit 3811 at Elser Hotel & Residences is a stunning 2-bedroom, 2-bathroom residence offering breathtaking bayfront and direct water views. From its elevated position, enjoy spectacular panoramas of the park and Biscayne Bay, with unforgettable sunrises and vibrant city lights at night. The unit is fully furnished and turnkey, ready to be occupied immediately or placed into income production from day one. Floor-to-ceiling windows flood the space with natural light, enhancing the modern design and showcasing the incredible waterfront scenery. Located in one of Downtown Miami’s most desirable buildings, the residence allows short-term rentals, including daily rentals, making it an exceptional opportunity for investors seeking strong income potential, as well as end users who value flexibility. A rare opportunity to own a prime waterfront property with spectacular views and full short-term rental freedom.

How This Listing Compares in Miami

Per square foot, it is asking 311% above the Miami median for sales closed over the last twelve months — typical of premium views, newer construction or a top-tier building.

Medians from closed MLS sales in Miami; a starting point, not an appraisal.

Home Features at 398 NE 5th St # 3811, Miami, FL 33132

Bathrooms Full

2

Bathrooms Half

0

Interior Features

Other

Appliances

Other Equipment/Appliances

Flooring

Other

Heating

Other

Cooling

Central Air

Garage Spaces

1

Parking Features

1 Space, Covered, Valet

Pool Private

No

Year Built Details

New Construction

Property Condition

New Construction

The Building at 398 NE 5th St # 3811, Miami, FL 33132

Building Name

The Elser Hotel

Building Area Total

818

Building Area Units

Square Feet

Stories Total

55

Entry Level

38

Association

Yes

Association Fee

$1,543

Association Fee Frequency

Monthly

Association Amenities

Other

Pets Allowed

Restrictions Or Possible Restrictions

Security Features

Other

Lot, Views & Construction at 398 NE 5th St # 3811, Miami, FL 33132

Lot Size Square Feet

0

Waterfront

Yes

Waterfront Features

Ocean Front

View

Bay, Intracoastal View, Water View

Construction Materials

Concrete Block Construction

Exterior Features

Other

New Construction

Yes

Taxes & Public Record for 398 NE 5th St # 3811, Miami, FL 33132

Parcel Number

01-41-37-078-3650

Tax Annual Amount

$23,931

Tax Year

2,025

Tax Legal Description

398 NE 5TH STREET CONDO UNIT 3811 UNDIV 0.2071% INT IN COMMON ELEMENTS OFF REC 33416-1520

County Or Parish

Miami-Dade County

Map & Neighborhood