Newly Listed
Condo for Sale
$1,999,000
4 bd · 4 ba · 1,761 sqft
398 NE 5th St # 3718-3719, Miami, FL 33132
Listed today
THE ELSER CONDO
The Elser Hotel & Residences Condos — Downtown Miami
398 NE 5th St, Miami, FL 33132 · Miami
About The Elser Hotel & Residences
Downtown's flexible-ownership flagship, The Elser is a 49-story tower across from Bayfront Park, delivered in 2023, whose fully furnished residences carry no rental restrictions — owners can live full-time, lease annually, or place units in the on-site hotel program and short-term-rental market as they wish.
Today 57 units are on the market, priced from $489K up to $2.0M (a median $1,411 per square foot). By size: 8 studios from $489K, 29 one-bedrooms from $499K, 9 two-bedrooms from $1.1M, 10 three-bedrooms from $1.2M and 1 four-bedroom-plus from $2.0M. For renters, 24 units are available on annual leases from $2,650 to $9,500 a month.
The Elser Hotel & Residences recorded 15 closed sales in the trailing twelve months at a median $450K ($1,072/sq ft), typically going under contract in about 94 days. Prices have eased 12% year over year. By size, studios sold for a median $415K and one-bedrooms sold for a median $450K. 4 leases were signed over the same period at a median $8,000 a month (one-bedrooms $3,200 and three-bedrooms $8,000).
Amenities include a fitness center, a pool, card entry, a secured lobby, a spa and a business center.
The Elser Hotel & Residences Building Facts
The Building
- Address
- 398 NE 5th St, Miami, FL 33132
- Neighborhood
- Downtown Miami
- City
- Miami, FL 33132
- County
- Miami-Dade County
- Year built
- 2023
- Stories
- 49
- Residences
- 646
- Bedrooms
- Studio – 4 bedrooms
- Bathrooms
- 1 – 4 baths
- Developer
- Property Markets Group · Greybrook
- Architect
- Sieger Suarez
- Construction
- CBS Construction
- Legal name
- 398 Ne 5th Street Condominium
Ownership Costs & Rules
- HOA fees
- $50 – $2,709/mo
- HOA average
- $1,014/mo
- HOA per sq ft
- $1.21/sq ft per month
- HOA includes
- Water, Cable Tv, Internet/WiFi, Security, All Amenities, Building Exterior, Common Area, Elevator
- Pets
- Allowed
- Leasing
- 12 months minimum · up to 1× a year
Market — Last 12 Months
- Closed sales
- 15
- Median sold price
- $450K
- Median sold $/sq ft
- $1,072
- Median days on market
- 94 days
- Leases signed
- 4
- Median rent
- $8,000/mo
- Price change vs. prior year
- -12%
Views, Parking & Security
- Waterfront
- Yes
- Views
- Bay, Ocean, Other, Skyline
- Parking
- 1 Space, 2 Or More Spaces, Valet
- Security
- Card Entry, Elevator Secure, Lobby Secured
HOA, pet and leasing details are read from current MLS listings in the building and can vary by unit — confirm with the association before you buy.
The Elser Hotel & Residences Amenities
Pool, Spa & Fitness
- Exercise Room
- Pool
- Spa/Hot Tub
- Heated Pool
- Sauna
Security & Access
- Card Entry
- Lobby Secured
- Intercom In Lobby
- Private Guards
- Secured Garage/Parking
Social & Leisure
- Bar
- Child Play Area
- Clubhouse-Clubroom
Services & Building
- Elevator(s)
- Elevator Secure
- Business Center
- Trash Chute
More Amenities
- Smoke Detector
- Community Room
- Exterior Lighting
The Elser Hotel & Residences Residence Features
- Refrigerator
- Dishwasher
- Dryer
- Microwave
- Ceramic Floor
- Electric Range
- Washer
- Bay
- Disposal
- Ocean View
- Closet Cabinetry
- Elevator
- First Floor Entry
- Walk-In Closet(s)
- Built-in Features
- Cooking Island
- High Impact Windows
- Open Balcony
- Other View
- Self Cleaning Oven
- Skyline
- Split Bedroom
- Tile
- Wall Oven
Features vary by residence — confirm details for any specific unit with us.
Floor Plans & Residences at The Elser Hotel & Residences
Residence configurations observed across current and recent The Elser Hotel & Residences listings:
| Residence | Size Range | For Sale | For Rent | Sale Pricing | Avg $/SqFt |
|---|---|---|---|---|---|
| Studio / 1 Bath | 341–455 sqft | 8 | 5 | $489K – $720K | $1,618 |
| 1 Bed / 1 Bath | 430–626 sqft | 28 | 4 | $499K – $1.1M | $1,497 |
| 1 Bed / 2 Bath | 665 sqft | 1 | 3 | $959K | $1,442 |
| 2 Bed / 2 Bath | 810–983 sqft | 6 | 1 | $1.3M – $1.6M | $1,654 |
| 2 Bed / 3 Bath | 1,043 sqft | 3 | 2 | $1.1M – $1.3M | $1,141 |
| 3 Bed / 3 Bath | 976–2,301 sqft | 10 | 9 | $1.2M – $1.6M | $1,243 |
Derived from live MLS data — request official floor plans and we'll send the developer set for your line.
The Elser Hotel & Residences Listings
The Elser Hotel & Residences Condos for Sale
106 Days on Market
Condo for Sale
$1,650,000
3 bd · 3 ba · 1,150 sqft
398 NE 5th St # 4701, Miami, FL 33132
106 days on market
The Elser
578 Days on Market
Condo for Sale
$1,629,000
2 bd · 2 ba · 983 sqft
398 NE 5th St # 3209, Miami, FL 33132
578 days on market
The Elser
187 Days on Market
Home for Sale
$1,600,000
3 bd · 3 ba · 1,135 sqft
398 NE 5th St # 2418, Miami, FL 33132
187 days on market
The Elser
202 Days on Market
Condo for Sale
$1,599,000
3 bd · 3 ba · 1,135 sqft
398 NE 5th Street # 4618, Miami, FL 33132
202 days on market
88 Days on Market
Condo for Sale
$1,450,000
3 bd · 3 ba · 1,135 sqft
398 NE 5th St # 3318, Miami, FL 33132
88 days on market
The Elser Residences
205 Days on Market
Condo for Sale
$1,449,000
2 bd · 2 ba · 818 sqft
398 NE 5th St # 1811, Miami, FL 33132
205 days on market
The Elser Residence
49 Days on Market
Condo for Sale
$1,379,000
2 bd · 2 ba · 818 sqft
398 NE 5th St # 3711, Miami, FL 33132
49 days on market
The Elser
205 Days on Market
Condo for Sale
$1,379,000
3 bd · 3 ba · 1,135 sqft
398 NE 5th St # 3618, Miami, FL 33132
205 days on market
The Elser Residences
770 Days on Market
Condo for Sale
$1,338,000
3 bd · 3 ba · 1,040 sqft
398 NE 5th St # 1417, Miami, FL 33132
770 days on market
The Elser Hotel
227 Days on Market
Condo for Sale
$1,335,000
2 bd · 2 ba · 818 sqft
398 NE 5th St # 3811, Miami, FL 33132
227 days on market
The Elser Hotel
23 Days on Market
Condo for Sale
$1,300,000
2 bd · 2 ba · 810 sqft
398 NE 5th St # 1911, Miami, FL 33132
23 days on market
The Elser
Newly Listed
Condo for Sale
$1,300,000
3 bd · 3 ba · 1,150 sqft
Listed today
Elser Condo
Newly Listed
Condo for Sale
$1,299,000
2 bd · 2 ba · 825 sqft
398 NE 5th St # 1711, Miami, FL 33132
Listed today
The Elser
324 Days on Market
Condo for Sale
$1,299,000
2 bd · 3 ba · 1,043 sqft
398 NE 5th St # 3017, Miami, FL 33132
324 days on market
Elser
17 Days on Market
Condo for Sale
$1,299,000
3 bd · 3 ba · 1,135 sqft
398 NE 5TH # 4118, Miami, FL 33132
17 days on market
The Elser Residences
26 Days on Market
Condo for Sale
$1,225,000
3 bd · 3 ba · 1,135 sqft
398 NE 5th St # 2118, Miami, FL 33132
26 days on market
Elser
Newly Listed
Condo for Sale
$1,200,000
3 bd · 3 ba · 1,150 sqft
398 NE 5th St # 1601, Miami, FL 33132
1 day on market
The Elser
430 Days on Market
Condo for Sale
$1,180,000
2 bd · 3 ba · 1,043 sqft
398 NE 5th St # 4417, Miami, FL 33132
430 days on market
ELSER
63 Days on Market
Condo for Sale
$1,139,000
1 bd · 1 ba · 626 sqft
398 NE 5th St # 4719, Miami, FL 33132
63 days on market
The Elser Residences
248 Days on Market
Condo for Sale
$1,090,000
2 bd · 3 ba · 1,043 sqft
398 NE 5th Street # 2017, Miami, FL 33132
248 days on market
The Elser
587 Days on Market
Condo for Sale
$1,050,000
1 bd · 1 ba · 509 sqft
398 NE 5th St # 1510, Miami, FL 33132
587 days on market
The Elser
514 Days on Market
Condo for Sale
$1,050,000
1 bd · 1 ba · 509 sqft
398 NE 5th St # 2910, Miami, FL 33132
514 days on market
THE ELSER
997 Days on Market
Condo for Sale
$958,800
1 bd · 2 ba · 665 sqft
398 NE 5th St # 1614, Miami, FL 33132
997 days on market
The Elser Hotel
423 Days on Market
Condo for Sale
$930,000
1 bd · 1 ba · 626 sqft
398 NE 5th St # 2119, Miami, FL 33132
423 days on market
The Elser
69 Days on Market
Condo for Sale
$890,000
1 bd · 1 ba · 509 sqft
398 NE 5th St # 4210, Miami, FL 33132
69 days on market
The Elser
320 Days on Market
Condo for Sale
$870,000
1 bd · 1 ba · 560 sqft
398 NE 5th St # 3515, Miami, FL 33132
320 days on market
The Elser
219 Days on Market
Condo for Sale
$860,000
1 bd · 1 ba · 560 sqft
219 days on market
The Elser
497 Days on Market
Condo for Sale
$850,000
1 bd · 1 ba · 626 sqft
398 NE 5th St # 1619, Miami, FL 33132
497 days on market
The Elser Residences
93 Days on Market
Condo for Sale
$850,000
1 bd · 1 ba · 442 sqft
398 NE 5th Street # 3907, Miami, FL 33132
93 days on market
120 Days on Market
Condo for Sale
$795,000
1 bd · 1 ba · 442 sqft
398 NE 5th St # 1407, Miami, FL 33132
120 days on market
The Elser
42 Days on Market
Condo for Sale
$790,000
1 bd · 1 ba · 560 sqft
398 NE 5th St # 1615, Miami, FL 33132
42 days on market
Elser Residences
367 Days on Market
Condo for Sale
$780,000
1 bd · 1 ba · 560 sqft
398 NE 5th St # 4415, Miami, FL 33132
367 days on market
The Elser Residences Miam
796 Days on Market
Home for Sale
$768,000
1 bd · 1 ba · 430 sqft
398 NE 5th St # 4708, Miami, FL 33132
796 days on market
THE ELSER
796 Days on Market
Home for Sale
$729,800
1 bd · 1 ba · 443 sqft
398 NE 5th St # 4006, Miami, FL 33132
796 days on market
THE Elser
256 Days on Market
Condo for Sale
$720,000
0 bd · 1 ba · 442 sqft
398 NE 5th St # 3207, Miami, FL 33132
256 days on market
The Elser
264 Days on Market
Condo for Sale
$720,000
1 bd · 1 ba · 442 sqft
398 NE 5th St # 2407, Miami, FL 33132
264 days on market
ELSER
83 Days on Market
Home for Sale
$709,000
0 bd · 1 ba · 341 sqft
398 NE 5th St # 2112, Miami, FL 33132
83 days on market
THE ELSER
107 Days on Market
Condo for Sale
$699,900
0 bd · 1 ba · 362 sqft
398 NE 5th St # 4316, Miami, FL 33132
107 days on market
The Elser
247 Days on Market
Condo for Sale
$699,900
1 bd · 1 ba · 560 sqft
398 NE 5th Street # 1715, Miami, FL 33132
247 days on market
211 Days on Market
Condo for Sale
$699,000
1 bd · 1 ba · 442 sqft
398 NE 5th St # 2205, Miami, FL 33132
211 days on market
The Elser
Newly Listed
Condo for Sale
$699,000
1 bd · 1 ba · 442 sqft
398 NE 5th St # 2805, Miami, FL 33132
4 days on market
The ELSER Residances
253 Days on Market
Condo for Sale
$685,000
1 bd · 1 ba · 626 sqft
398 NE 5th St # 2319, Miami, FL 33132
253 days on market
The Elser Residences
191 Days on Market
Condo for Sale
$674,999
1 bd · 1 ba · 560 sqft
398 NE 5th Street # 4015, Miami, FL 33132
191 days on market
192 Days on Market
Condo for Sale
$665,000
1 bd · 1 ba · 560 sqft
398 NE 5th St # 2215, Miami, FL 33132
192 days on market
The Elser
97 Days on Market
Condo for Sale
$660,000
1 bd · 1 ba · 579 sqft
398 NE 5th St # 1915, Miami, FL 33132
97 days on market
THE ELSER HOTEL
58 Days on Market
Condo for Sale
$650,000
1 bd · 1 ba · 439 sqft
398 NE 5th St # 2203, Miami, FL 33132
58 days on market
The Elser
246 Days on Market
Condo for Sale
$649,900
0 bd · 1 ba · 341 sqft
398 NE 5th St # 4512, Miami, FL 33132
246 days on market
The Elser
73 Days on Market
Condo for Sale
$599,999
1 bd · 1 ba · 443 sqft
398 NE 5th St # 2904, Miami, FL 33132
73 days on market
The Elser
44 Days on Market
Condo for Sale
$599,900
1 bd · 1 ba · 560 sqft
398 NE 5TH Street # 1515, Miami, FL 33132
44 days on market
208 Days on Market
Condo for Sale
$599,000
0 bd · 1 ba · 362 sqft
398 NE 5th St # 2116, Miami, FL 33132
208 days on market
The Elser
46 Days on Market
Condo for Sale
$580,000
1 bd · 1 ba · 442 sqft
46 days on market
The Elser
18 Days on Market
Condo for Sale
$579,000
1 bd · 1 ba · 443 sqft
398 NE 5th St # 3104, Miami, FL 33132
18 days on market
The Elser
63 Days on Market
Condo for Sale
$539,000
0 bd · 1 ba · 442 sqft
398 NE 5th St # 2007, Miami, FL 33132
63 days on market
The Elser
Newly Listed
Condo for Sale
$499,000
1 bd · 1 ba · 442 sqft
398 NE 5th St # 3805, Miami, FL 33132
4 days on market
THE ELSER
217 Days on Market
Condo for Sale
$495,000
0 bd · 1 ba · 357 sqft
398 NE 5th St # 4313, Miami, FL 33132
217 days on market
THE ELSER
Newly Listed
Condo for Sale
$489,000
0 bd · 1 ba · 430 sqft
398 NE 5th St # 1902, Miami, FL 33132
4 days on market
The Elser Hotel Miami
The Elser Hotel & Residences Condos for Rent
- 398 NE 5th St # PH 4701, Miami, FL 33132 — $9,500 · 3 bd · 3 ba
- 398 NE 5th St # 4018, Miami, FL 33132 — $8,650 · 3 bd · 3 ba
- 398 NE 5th St # 1518, Miami, FL 33132 — $8,000 · 3 bd · 3 ba
- 398 NE 5th St # 4001, Miami, FL 33132 — $7,500 · 3 bd · 3 ba
- 398 NE 5th St # 3711, Miami, FL 33132 — $7,500 · 2 bd · 2 ba
- 398 NE 5th St # 4117, Miami, FL 33132 — $7,000 · 2 bd · 3 ba
- 398 NE 5th St # 2517, Miami, FL 33132 — $7,000 · 3 bd · 3 ba
- 398 NE 5th St # 1417, Miami, FL 33132 — $6,980 · 3 bd · 3 ba
- 398 NE 5th St # 2301, Miami, FL 33132 — $6,900 · 3 bd · 3 ba
- 398 NE 5th St # 3218, Miami, FL 33132 — $6,500 · 3 bd · 3 ba
- 398 NE 5th St # 4417, Miami, FL 33132 — $6,500 · 2 bd · 3 ba
- 398 NE 5th St # 3417, Miami, FL 33132 — $6,200 · 3 bd · 3 ba
- 398 NE 5th St # 2114, Miami, FL 33132 — $5,700 · 1 bd · 2 ba
- 398 NE 5th St # 1614, Miami, FL 33132 — $4,500 · 1 bd · 2 ba
- 398 NE 5th St # 4114, Miami, FL 33132 — $4,500 · 1 bd · 2 ba
- 398 NE 5th St # 1416, Miami, FL 33132 — $4,500 · 0 bd · 1 ba
- 398 NE 5th St # 4210, Miami, FL 33132 — $4,100 · 1 bd · 1 ba
- 398 NE 5th St # 1510, Miami, FL 33132 — $3,999 · 1 bd · 1 ba
- 398 NE 5th Street # 4015, Miami, FL 33132 — $3,500 · 1 bd · 1 ba
- 398 NE 5th Street # 4404, Miami, FL 33132 — $3,450 · 0 bd · 1 ba
- 398 NE 5th St # 3207, Miami, FL 33132 — $3,400 · 1 bd · 1 ba
- 398 NE 5th St # 3505, Miami, FL 33132 — $3,200 · 0 bd · 1 ba
- 398 NE 5th St # 4313, Miami, FL 33132 — $2,750 · 0 bd · 1 ba
- 398 NE 5th St # 4512, Miami, FL 33132 — $2,650 · 0 bd · 1 ba
The Elser Hotel & Residences Pending Sales
- 398 NE 5th St # 3901, Miami, FL 33132 — $1,099,000 · 3 bd · 3 ba
- 398 NE 5th St # 1809, Miami, FL 33132 — $1,099,000 · 3 bd · 3 ba
- 398 NE 5th St # 4716, Miami, FL 33132 — $525,000 · 0 bd · 1 ba
- 398 NE 5th St # 4712, Miami, FL 33132 — $521,000 · 0 bd · 1 ba
- 398 NE 5th St # 4412, Miami, FL 33132 — $517,000 · 0 bd · 1 ba
The Elser Hotel & Residences Sold Condos
- 398 NE 5th St # 4713, Miami, FL 33132 — $410,000 · 0 bd · 1 ba
- 398 NE 5th St # 4207, Miami, FL 33132 — $540,000 · 0 bd · 1 ba
- 398 NE 5th St # 4518, Miami, FL 33132 — $1,050,000 · 3 bd · 3 ba
- 398 NE 5th Street # 2403, Miami, FL 33132 — $415,000 · 1 bd · 1 ba
- 398 NE 5th St # 2316, Miami, FL 33132 — $420,000 · 0 bd · 1 ba
- 398 NE 5th St # 3709, Miami, FL 33132 — $1,150,000 · 2 bd · 2 ba
- 398 NE 5th Street # 3709, Miami, FL 33132 — $1,150,000 · 2 bd · 2 ba
- 398 NE 5th St # 3008, Miami, FL 33132 — $450,000 · 1 bd · 1 ba
- 398 NE 5th St # 4507, Miami, FL 33132 — $520,000 · 1 bd · 1 ba
- 398 NE 5th St # 1905, Miami, FL 33132 — $420,000 · 1 bd · 1 ba
- 398 NE 5th St # 4616, Miami, FL 33132 — $415,000 · 0 bd · 1 ba
- 398 NE 5th St # 4516, Miami, FL 33132 — $410,000 · 0 bd · 1 ba
- 398 NE 5Th St # 1416, Miami, FL 33132 — $400,000 · 0 bd · 1 ba
- 398 NE 5th St # 1906, Miami, FL 33132 — $475,000 · 0 bd · 1 ba
- 398 NE 5th # 2016, Miami, FL 33132 — $365,000 · 0 bd · 1 ba
- 398 NE 5th St # 3406, Miami, FL 33132 — $450,000 · 1 bd · 1 ba
- 398 NE 5th Street # 2503, Miami, FL 33132 — $475,000 · 1 bd · 1 ba
- 398 NE 5th Street # 2506, Miami, FL 33132 — $475,000 · 1 bd · 1 ba
- 398 NE 5th St # 1803, Miami, FL 33132 — $435,000 · 1 bd · 1 ba
- 398 NE 5th St # 4613, Miami, FL 33132 — $580,000 · 0 bd · 1 ba
- 398 NE 5th St # 2815, Miami, FL 33132 — $620,000 · 1 bd · 1 ba
- 398 NE 5th St # 1412, Miami, FL 33132 — $400,000 · 0 bd · 1 ba
- 398 NE 5th St # 3503, Miami, FL 33132 — $485,000 · 0 bd · 1 ba
- 398 NE 5th St # 1516, Miami, FL 33132 — $425,000 · 0 bd · 1 ba
The Elser Hotel & Residences Rented Condos
- 398 NE 5th St # 1518, Miami, FL 33132 — $8,000 · 3 bd · 3 ba
- 398 NE 5th St # 2910, Miami, FL 33132 — $4,350 · 1 bd · 1 ba
- 398 NE 5th St # 2802, Miami, FL 33132 — $2,900 · 0 bd · 1 ba
- 398 NE 5th St # 2602, Miami, FL 33132 — $2,700 · 0 bd · 1 ba
- 398 NE 5th St # 1510, Miami, FL 33132 — $4,300 · 1 bd · 1 ba
- 398 NE 5th St # 2515, Miami, FL 33132 — $3,000 · 1 bd · 1 ba
- 398 NE 5th St # 2415, Miami, FL 33132 — $3,200 · 1 bd · 1 ba
- 398 NE 5th St # 1518, Miami, FL 33132 — $8,000 · 3 bd · 3 ba
- 398 NE 5th St # 3711, Miami, FL 33132 — $7,100 · 2 bd · 2 ba
- 398 NE 5th St # 2207, Miami, FL 33132 — $3,000 · 1 bd · 1 ba
- 398 NE 5th St # 2218, Miami, FL 33132 — $9,000 · 3 bd · 3 ba
- 398 NE 5th St # 3419, Miami, FL 33132 — $4,500 · 1 bd · 1 ba
- 398 NE 5th St # 3107, Miami, FL 33132 — $2,750 · 1 bd · 1 ba
- 398 NE 5th St # 2515, Miami, FL 33132 — $3,000 · 1 bd · 1 ba
The Elser Hotel & Residences Market Report
Over the last 12 months, 15 condo sales closed in The Elser Hotel & Residences at a median of $450K ($1,072/sqft), median 94 days on market. Median sold prices are down 11.8% year-over-year. 4 leases were signed at a median of $8,000/mo ($7.10/sqft). Computed from recorded MLS closings; updates automatically.
$450K
Median (12 mo)
15
Sales (12 mo)
94 days
Median DOM
Last 12 Months by Bedroom Count
| Residence | Sales | Median Sold | Sold $/SqFt | DOM | Leases | Median Rent | Rent $/SqFt |
|---|---|---|---|---|---|---|---|
| Studio | 9 | $415K | $1,146 | 94 | — | — | — |
| 1 Bed | 5 | $450K | $1,047 | 88 | 2 | $3,200 | $6.79 |
| 3 Bed | 1 | $1.1M | $925 | 282 | 2 | $8,000 | $7.10 |
Month-by-month table — All
| Month | Sales | Median Sold | Sold $/SqFt | DOM | Leases | Median Rent | Rent $/SqFt |
|---|---|---|---|---|---|---|---|
| Nov 2025 | — | — | — | — | — | — | — |
| Dec 2025 | 3 | $475K | $1,072 | 31 | — | — | — |
| Jan 2026 | 3 | $450K | $1,016 | 47 | — | — | — |
| Feb 2026 | — | — | — | — | 2 | $8,000 | $7.10 |
| Mar 2026 | 1 | $400K | $879 | 303 | — | — | — |
| Apr 2026 | 4 | $450K | $1,146 | 141 | 1 | $3,200 | $5.71 |
| May 2026 | 1 | $420K | $1,160 | 230 | — | — | — |
| Jun 2026 | — | — | — | — | — | — | — |
| Jul 2026 | — | — | — | — | 1 | $8,000 | $7.10 |
| Aug 2026 | 2 | $1.1M | $1,222 | 405 | — | — | — |
| Sep 2026 | 1 | $410K | $1,148 | 25 | — | — | — |
| Oct 2026 | — | — | — | — | — | — | — |
The Elser Hotel & Residences Location & Address
Address
398 NE 5th St, Miami, FL 33132Downtown Miami · Miami · Miami-Dade County
Similar Buildings to The Elser Hotel & Residences
Buyers weighing The Elser Hotel & Residences tend to shortlist these Downtown-miami buildings in a comparable price band:
The Elser Hotel & Residences — Frequently Asked Questions
What do condos at The Elser Hotel & Residences sell for?
Current asking prices run $489K–$2.0M across 57 listings. Closed sales over the past year had a median of $450K, or $1,072 per square foot. Typical sale prices: studios $415K and one-bedrooms $450K. Exact value depends on floor, line, view and finish.
Are there condos for sale at The Elser Hotel & Residences right now?
Yes — 57 residences are for sale, the least expensive at $489K. Mix: 8 studios, 29 one-bedrooms, 9 two-bedrooms, 10 three-bedrooms and 1 four-bedroom-plus. 24 units are also available for rent.
What does it cost to rent at The Elser Hotel & Residences?
The median rent over the past twelve months was $8,000 a month across 4 leases. One-bedrooms rented for about $3,200 and three-bedrooms rented for about $8,000. 24 units are available to lease today. Minimum lease terms are set by the association — ask us for The Elser Hotel & Residences’ current rental policy.
Are prices going up at The Elser Hotel & Residences?
The median sale price is down 12% compared with the prior twelve months. Units that sold took a median 94 days to go under contract. 15 sales closed in the last year.
When was The Elser Hotel & Residences built?
The Elser Hotel & Residences was completed in 2023 and has 49 stories and 646 residences. The project credits developer Property Markets Group · Greybrook and architect Sieger Suarez.
Where is The Elser Hotel & Residences located?
The Elser Hotel & Residences is at 398 NE 5th St, Miami, FL 33132, in Downtown Miami. Nearby comparable buildings include 50 Biscayne, Marina Blue and Mint.
How does The Elser Hotel & Residences compare with nearby buildings?
The Elser Hotel & Residences lists from $489K to $2.0M today. For comparison, 50 Biscayne asks $320K–$2.5M, Marina Blue asks $18K–$2.2M and Mint asks $430K–$1.7M.
Living at The Elser Hotel & Residences: Summary
The Elser Hotel & Residences is a condominium in Downtown Miami, Miami, FL 33132 (Miami-Dade County). Current snapshot — 57 for sale, 24 for rent and 15 sold in the past year. Buyers comparing it also look at 50 Biscayne, Marina Blue and Mint. For a private showing, off-market availability or a valuation of your unit at The Elser Hotel & Residences, call Matthew Gromadzki at +1 786-370-8570.