398 NE 5th St #1518

Listing details

Address

398 NE 5th St 1518

Price

$1,499,000

Status

Active for sale

Bedrooms

3

Bathrooms

3

Living area

1,127 sq ft

Year built

2024

Association fee

$1,300/month

Days on market

16

Listing courtesy of EXP Realty LLC. a.shahin.broker@exprealty.net

Listing information provided by the MLS. Details and availability can change.

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Listing description

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!

How this listing compares

Listed at $1,330 per square foot. In Downtown Miami, the median closed price was $525 per square foot and the median time on market was 79 days.

Listing history

• 16 days on market.

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