$579,000
Miami, FL 33132
MLS# A12055966
1 baths | 442 sqft
1 / 27
Property Description
Turnkey Investment Opportunity at The Elser Hotel & Residences — Unit 2007Fully 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 permissions.Residents and guests enjoy resort-caliber amenities including a wraparound rooftop pool with bar and restaurant, two-story fitness center, 24/7 concierge, valet parking, and Beach Club access.Unbeatable Downtown Miami location steps from Kaseya Center, Bayside Marketplace, the Brightline station, and Biscayne Bay, bringing global demand to Downtown Miami's short-term rental market.Whether for personal use, a pied-à-terre, or a high-performing investment asset, Unit 2007 offers a rare blend of location, view, and income potential in one of Miami's most in-demand condo-hotel addresses.
Details
Maps
Contract Information
Comp Sale YN: No
Occupant Type: Call Listing Agent
Listing Date: 2026-07-20
Status: Active
Original List Price: 650000
List Price: $579,000
Current Price: $579,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 1
Postal Zip: 33132
Subdivision Number: 78
Special Assessment YN: No
Flood Zone: X
Country: United States
Street Number: 398
Street Direction Prefix: NE
Street Name: 5th
Street Suffix: Street
Unit Number: 2007
State Or Province: FL
Postal Code: 33132
Postal Code +4: 2071
Subdivision Name: MAP OF MIAMI DADE CO. FL.
Area: 2420
Elementary School: Frederick Douglass
Middle Or Junior School: Jose De Diego
High School: Booker T. Washington
Parcel Number: 0141370782110
General Property Information
Number Of Units In Community: 646
Unit Floor #: 20
Adjusted Area Main: 442
Living Area Main: 442
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 49
Property Sub Type: Condominium
Bathrooms Total: 1
Bathrooms Full: 1
Building Area Main: 442
Year Built: 2022
Garage YN: 1
Garage Spaces: 1
Covered Spaces: 1
Financial Information
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 600
Membership Fee Required YN: No
Association YN: 1
Association Fee: 600
Association Fee Frequency: Monthly
Tax Annual Amount: 9430
Tax Year: 2025
Tax Legal Description: 398 NE 5TH STREET CONDO UNIT 2007 UNDIV 0.1119% INT IN COMMON ELEMENTS OFF REC 33416-1520
Office/Member Information
DXORIGMLSID: SEF
Application Fee Details
Application Fee Required: Yes
Application Fee: 150
Application Information
1-2 Weeks Approval: 1
Amenities
Bar: 1
Business Center: 1
Clubhouse: 1
Elevator(s): 1
Fitness Center: 1
Heated Pool: 1
Management: 1
Picnic Area: 1
Playground: 1
Pool: 1
Private Beach Pavilion: 1
Sauna: 1
Spa/Hot Tub: 1
Association Amenities
Maintenance: 1
Association Fee Includes
Common Areas: 1
Elevator: 1
Internet: 1
Maintenance Grounds: 1
Maintenance Structure: 1
Pool Service: 1
Recreation Facility: 1
Reserve Funds: 1
Roof Repairs: 1
Security: 1
Sewer: 1
Trash: 1
Water: 1
Dining Area
Dining/Living Room: 1
Entry Information
Entry Level: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Okay To Lease: 1
Short Term Rentals Allowed: 1
Parking Features
Valet: 1
Property Condition
New Construction: 1
Possession
Negotiable: 1
Special Information
Sold As-Is: 1
Heating
Central: 1
Leasing Restrictions
Leasing - Max Times Per Year: 365
Leasing - Minimum Number of Days: 1
Unit Description
High Rise: 1
Water View
Bay: 1
Window Features
Blinds: 1
Insulated Windows: 1
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Washer: 1
Construction Materials
CBS: 1
Green Energy Efficient
Appliances: 1
Construction: 1
HVAC: 1
Lighting: 1
Thermostat: 1
Interior Features
Built-in Features: 1
Closet Cabinetry: 1
Listing Terms
Cash: 1
Conventional: 1
Security Features
Elevator Secure: 1
Fire Alarm: 1
Fire Sprinkler System: 1
Lobby - Attended: 1
Secured Garage/Parking: 1
Security Guard: 1
Security Patrol: 1
Security System: 1
Cooling
Central Air: 1
Association Type
Condominium: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Showing Service: 1
Master Bedroom/Bath
Bedroom On Entry Level: 1
Pets Allowed YN
Yes: 1
Restrictions
See Remarks: 1
Storm Protection
Impact Glass: Partial
Tax Information
Tax Reflects No Exemptions: 1
Outdoor Living Spaces
Balcony: 1
Balcony Details
Balcony - Open: 1
Price Calculations
Current Price To SqFt: 1309.95
Section Details
Parcel Number MLX: 2110
Status Change Information
Major Change Timestamp: 2026-08-02T23:42:22Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-08-02T23:42:22Z
Status Change Date: 2026-07-20
Originating Details
Originating System Key: 533361826
Originating System ID: M00000151
Property Features
Application Information: 1-2 Weeks Approval
Association Amenities: Maintenance
Association Fee Includes: Common Areas; Elevator; Internet; Maintenance Grounds; Maintenance Structure; Pool Service; Recreation Facility; Reserve Funds; Roof Repairs; Security; Sewer; Trash; Water
Dining Area: Dining/Living Room
Leasing Permitted Details: Okay To Lease; Short Term Rentals Allowed
Parking Features: Valet
Property Condition: New Construction
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Washer
Construction Materials: CBS
Cooling: Central Air
Association Type: Condominium
Green Energy Efficient: Appliances; Construction; HVAC; Lighting; Thermostat
Heating: Central
Interior Features: Built-in Features; Closet Cabinetry
Listing Terms: Cash; Conventional
Pets Allowed YN: Yes
Possession: Negotiable
Restrictions: See Remarks
Security Features: Elevator Secure; Fire Alarm; Fire Sprinkler System; Lobby - Attended; Secured Garage/Parking; Security Guard; Security Patrol; Security System
Special Information: Sold As-Is
Tax Information: Tax Reflects No Exemptions
Unit Description: High Rise
Water View: Bay
Window Features: Blinds; Insulated Windows
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Showing Service
Outdoor Living Spaces: Balcony
Balcony Details: Balcony - Open
Listing Office: EXP Realty LLC
Last Updated: August - 03 - 2026
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