398 NE 5th St 2007

About this home

Turnkey Investment Opportunity at The Elser Hotel & Residences — Unit 2007 Fully furnished, turnkey studio residence at The Elser, ideally positioned with sweeping views of the Kaseya Center skyline and partial Biscayne Bay water views. This designer-finished unit features a king-size bed, sofa bed, full kitchen, in-unit washer/dryer, and secure keyless entry — ready to generate income from day one. Enrolled in The Elser's professionally managed short-term rental program with a proven, documented income history, this is a rare opportunity to own real, verified cash flow rather than a projection. Investor-friendly building with flexible daily, weekly, and long-term rental…

Facts & features

MLS ID

A12055966

Property type

Condominium

Neighborhood

Miami

Building

The Elser Hotel & Residences

Year built

2022

Baths

1

Interior

442 sq ft

Price per sq ft

$1,310

HOA

$600 per month

Pets

Yes — conditional

Waterfront

No

Covered parking

1

Floor

20

Listed

Jul 20, 2026

Days on market

14

Reduced from

$650,000

Property tax

$9,430 per year (2025)

Financing accepted

Cash, Conventional

Listing conditions

Listed as is

Appliances

Dishwasher, Dryer, Electric range, Microwave, Washer

Interior features

Bar, Bedroom on main level, Built in features, Closet cabinetry, First floor entry, Living dining room

Exterior features

Balcony, Security high impact doors

Windows

Blinds, Impact glass, Thermal windows

Parking

Valet

Pool

Association, Heated

Security

Door man, Elevator secured, Fire alarm, Fire sprinkler system, Lobby secured, Secured garage parking, Security guard

Heating

Central

Cooling

Central air

HOA covers

Amenities, Association management, Common areas, Internet, Maintenance grounds, Maintenance structure, Pools, Recreation facilities, Reserve fund, Roof, Security, Sewer, Trash, Water

Schools

Zoned public schools by county attendance boundary. Boundaries change — confirm enrollment eligibility with the school district before relying on this. Letter grades and School of Excellence designations are the Florida Department of Education’s, each for the year shown beside it.

Elementary

Douglass, Frederick ElementaryB2025-26Florida Department of Education school grade B, 2025-26 school year

Middle

de Diego, Jose MiddleB2025-26Florida Department of Education school grade B, 2025-26 school year

High

Washington, Booker T. Senior HighB2025-26Florida Department of Education school grade B, 2025-26 school year

Location

398 NE 5th St 2007