$709,000

398 NE 5TH ST #2112, MIAMI, FL 33132

Studio1 bath341 sq ftHouseBuilt 2022
Updated today, November 3, 2026

This home against Downtown

$2,079 per sq ft, 146% over the Downtown median
140 days on the market
$9,820 in property taxes (2025)
1 car garage

Downtown today: 393 homes for sale, median list price $599,000.

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.

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 Damar Florida Real Estate. MLS# A12039725.

Listing information is provided by the MLS and is deemed reliable but not guaranteed.

Listed June 16, 2026.

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