$1,500,000list price
Per sq ft$1,032
2 bd · 2.5 ba · 1,453 sq ft Condo or villa
200 BISCAYNE BLVD WAY #508, MIAMI, FL 33131
Listing courtesy of Serhant. MLS# A12084834.On the MLS · Listed Sep 6
$1,499,000
398 NE 5TH ST #1518, MIAMI, FL 33132
3 beds3 baths1,127 sq ftCondo or villaBuilt 2024
Updated today, November 3, 2026This home against Downtown
$1,330 per sq ft, 57% over the Downtown median
12 days on the market
$23,078 in property taxes (2025)
Waterfront
1 car garage
Downtown today: 393 homes for sale, median list price $599,000.
About this home
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!
Zoned schools
Elementary: Frederick R. Douglass Elementary
Middle: Jose de Diego Middle School
High: Booker T. Washington Senior High
From Miami-Dade County Public Schools attendance zones.
Near this home
Park: Paul S. Walker Urbanscape, 0.2 mi
Grocery: Whole Foods Market, 0.2 mi
Distances from the center of Downtown, MIAMI.
Listing courtesy of EXP Realty LLC. MLS# A12112486.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed October 22, 2026.
Similar homes near Downtown, MIAMI
$1,495,000list price
Price cut$155,000
2 bd · 2.5 ba · 1,453 sq ft Condo or villa
200 BISCAYNE BOULEVARD WAY #1108, MIAMI, FL 33131
Listing courtesy of Invierta Group LLC. MLS# A11971733.On the MLS · Listed Sep 7
$1,450,000list price
Per sq ft$1,278
3 bd · 3 ba · 1,135 sq ft Condo or villa
398 NE 5TH ST #3318, MIAMI, FL 33132
Listing courtesy of United Realty Group Inc. MLS# A12033493.On the MLS · Listed Jun 11
$1,550,000list price
Per sq ft$1,348
3 bd · 3 ba · 1,150 sq ft Condo or villa
398 NE 5TH ST #4001, MIAMI, FL 33132
Listing courtesy of Urban Development & Investments LLC. MLS# A12114472.On the MLS · Listed Oct 26
5 photos$1,599,000list price
Per sq ft$1,409
3 bd · 3 ba · 1,135 sq ft Condo or villa
398 NE 5TH ST #4618, MIAMI, FL 33132
Listing courtesy of Serhant. MLS# R11166587.On the MLS · Listed Feb 24
$1,379,000list price
Price cut$141,000
2 bd · 2 ba · 818 sq ft Condo or villa
398 NE 5TH ST #3711, MIAMI, FL 33132
Listing courtesy of Xcellence. MLS# A12057376.On the MLS · Listed Jul 20