Home » Properties » 398 NE 5th St # 2112, Miami FL 33132

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Modern Studio at The Elser, Downtown Miami

Fully furnished 1-bath studio with bay views in a luxury hotel residence near Bayside Marketplace.

$725,000

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MLS #A11821496

Listing Updated: 2026-06-09 03:20:47

Listed By: Damar Florida Real Estate

Overview

Discover urban living in this modern studio at The Elser Hotel & Residences, located in the vibrant heart of Downtown Miami. This thoughtfully designed 341-square-foot unit offers a king-size bed, pull-out couch, and a fully equipped kitchen, making it perfect for residents and visitors alike. The open balcony provides stunning panoramic views of Biscayne Bay, complemented by upscale amenities including a rooftop pool with bar, a two-story gym, and valet parking.Situated steps from Bayside Marketplace and the Port of Miami, this residence invites you to enjoy city convenience blended with waterfront charm. The lively neighborhood is rich in dining, entertainment, and cultural experiences, making it an excellent choice for those seeking a dynamic Miami lifestyle.

Property Highlights

Located in Downtown Miami, this studio features panoramic bay views, a modern kitchen, in-unit laundry, rooftop pool, and valet parking. It is fully furnished and ready for easy living.

Property Details

City: Miami

State: FL

Zip Code: 33132

Address: 398 NE 5th St # 2112, Miami FL 33132

Year Built: 2022

Property Type: Residential

Property Sub Type: Hotel/Motel

Listing Office Name: Damar Florida Real Estate

County: Miami-Dade County

Garage Spaces: 1

Parking Features: 1 Space, Valet

Interior Features: Lobby, First Floor Entry

Exterior Features: Open Balcony

Waterfront: Yes

Pool: No

HOA Fee: $445

Annual Tax: $9,820

Days On Market: 359 Days

Original Listing Description

The original MLS listing description is not available for this property.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

398 NE 5th St # 2112, Miami FL 33132

About This Neighborhood

Located in Downtown Miami, this property is at the crossroads of culture, commerce, and waterfront leisure. The area presents a dynamic urban environment with abundant shopping, dining, and entertainment options within walking distance. Residents enjoy proximity to the bustling Bayside Marketplace, diverse restaurants, and quick access to the Port of Miami.The neighborhood lifestyle blends active city rhythms with waterfront relaxation, making it appealing for young professionals and those wanting to immerse themselves in Miami’s vibrant energy.

Walkability & Lifestyle

This studio’s location boasts excellent walkability with numerous amenities just minutes away. Residents can enjoy casual strolls to restaurants, cafes, shops, and the waterfront promenade. The proximity to Bayfront Park and Bayside Marketplace encourages an active lifestyle suitable for all ages.Access to public transit and bike paths further enhances daily convenience, enabling streamlined commutes and leisure activities without reliance on a car.

Things To Do Nearby

Living in Downtown Miami opens doors to exciting activities such as waterfront dining, boating, and cultural events. Nearby Bayside Marketplace offers shopping, entertainment, and live music, while the Port of Miami hosts cruises and maritime experiences.Outdoor enthusiasts can explore parks and marinas, or enjoy golfing and nightlife options within a short trip. This location is a gateway to Miami’s vibrant social and recreational scene.

Nearby Schools

Downtown Miami offers convenient access to a variety of schools in nearby neighborhoods, providing families with educational options without long commutes. The urban setting supports easy travel to both public and private institutions.Parents will appreciate the proximity to community resources and after-school programs that enrich the educational experience for children residing in this vibrant city core.

Why Buyers Like This Area

Buyers appreciate this studio for its blend of modern convenience, location, and lifestyle benefits. The fully furnished unit with in-unit laundry, valet parking, and access to premium amenities matches the preferences of those who desire a comfortable and stylish urban residence.Its views of Biscayne Bay and proximity to key attractions contribute to daily enjoyment and potential rental flexibility, making it attractive to a variety of residents and investors focused on Miami’s sought-after Downtown district.

Investment Potential

This Downtown Miami studio offers a compelling option for those interested in short-term rental markets. Managed directly through The Elser Hotel or platforms like Airbnb and VRBO, it benefits from a prime location near major attractions that draw consistent visitor interest. Its recent construction and upscale features add to its rental appeal, especially in a market known for strong seasonal demand.Careful consideration of local rental regulations and market trends is advisable to optimize occupancy potential. The unit’s turnkey nature and access to premium amenities can enhance its attractiveness to short-term renters and travelers seeking Miami’s urban beachfront experience.

Market Trends

Downtown Miami continues to see rising interest from renters and buyers drawn to its blend of luxury living and urban convenience. Newly built residences like this studio at The Elser reflect ongoing demand for modern, amenity-rich homes in central locations.Market activity favors properties that offer lifestyle integration, with easy access to entertainment and business hubs. Investors and residents alike are attentive to quality features and prime locations, both of which are embodied by this property.

Rental Income Potential

With its prime location just steps from Bayside Marketplace and the Port of Miami, this studio presents notable rental appeal, especially for short-term visitors. The setup facilitates rentals through hotel management or popular platforms, which can attract a steady flow of seasonal and business travelers.While rental demand is strong in this area, prospective renters should evaluate market trends and occupancy rates to gauge income potential effectively, considering factors like seasonality and local regulations.