398 NE 5th St

Miami, FL 33132

$709,000

$2,079/ft²

0Beds

1Baths

341Sq ft

2022Year built

HomeType

About this home

Located in the Heart of Downtown Miami, this exceptional Studio at THE ELSER Hotel & Residences is a rare investment opportunity, ideal for short-term rentals managed through Airbnb, VRBO, or directly by the hotel. Fully furnished and beautifully appointed, this unit features a king-size bed, pull-out couch, and a fully equipped kitchen, washer & dryer inside the unit. Enjoy breathtaking panoramic views of Biscayne Bay, a rooftop pool with a poolside bar and restaurant, a two-story gym, and valet parking. Just steps from Bayside Marketplace, Port of Miami, this location truly has it all! Don’t miss out on this premier property in Miami’s luxury market.

Property details

Listing

MLS #: A12039725
Status: For sale
Listed on: Jun 18, 2026
Days on market: 52 days
Listing data updated: Jun 19, 2026

Interior

Beds: 0
Baths: 1
Living area: 341 ft²
Price per ft²: $2,079/ft²
Unit: 2112

Building & community

Type: Home
Property style: Hotel/Motel
Year built: 2022
HOA fee: $445/mo
County: Miami-Dade

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

True monthly cost

Mortgage (principal & interest): $3,585
Property taxes (est.): $650
Home insurance (est.): $433
Flood insurance (est.): —
HOA fee: $445

Estimated total$5,113*/mo

* Some cost lines aren't available yet for this listing; the total shown is incomplete.

Based on 20% down, a 6.5% rate and a 30-year loan, plus this home's estimated Florida carrying costs. All figures are illustrative estimates — not quotes, not financial or insurance advice.

Sources: flood zone — FEMA National Flood Hazard Layer; mortgage, taxes and insurance figures — this site's own estimates; HOA / CDD — as reported for this listing.

What will this home really cost you?