$1,650,000
3 bd · 3 ba · 1,150 sqft
398 NE 5th St # 4701, Miami, FL 33132
The Elser
The Elser Hotel & Residences
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.
The Elser Hotel & Residences is a 49-story condominium at 398 NE 5th St in Downtown-miami, completed in 2023. Units in the building trade for both sale and annual lease, and every one currently on the market is shown below with live pricing pulled straight from the MLS.
Residences range from studios to 3-bedroom residences. Building amenities include bar, card entry, elevator secure, elevator(s), exercise room and pool. Further down the page you'll find a full twelve-month market report — closed sale and rental prices, price per square foot, and time on market.
Building Facts
- Address
- 398 NE 5th St, Miami, FL 33132
- Year Built
- 2023
- Stories
- 49
- Median Price / SqFt
- $1,528
The Elser Hotel & Residences Amenities
- Bar
- Card Entry
- Elevator Secure
- Elevator(s)
- Exercise Room
- Pool
- Barbecue
- Business Center
- Fire Alarm
- Guard At Site
- Heated Pool
- Sauna
- Smoke Detector
- Spa/Hot Tub
- Trash Chute
- Child Play Area
- Clubhouse-Clubroom
- Doorman
- Exterior Lighting
- Lobby Secured
- Secured Garage/Parking
- TV Camera
The Elser Hotel & Residences Residence Features
- Bay
- Closet Cabinetry
- Dishwasher
- Dryer
- Microwave
- Open Balcony
- Refrigerator
- Blinds
- Built-in Features
- Complete Impact Glass
- Electric Water Heater
- Elevator
- Washer
- Ceramic Floor
- Clear Impact Glass
- Disposal
- Electric Range
- Entrance Foyer
- High Impact Windows
- Ice Maker
- Impact Glass
- Intracoastal View
- Ocean View
- Other Equipment/Appliances
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 | 12 | 6 | $449K – $720K | $1,641 |
| 1 Bed / 1 Bath | 430–626 sqft | 29 | 5 | $510K – $1.1M | $1,555 |
| 1 Bed / 2 Bath | 665 sqft | 2 | 3 | $899K – $959K | $1,397 |
| 2 Bed / 2 Bath | 810–1,202 sqft | 5 | 3 | $1.3M – $1.6M | $1,682 |
| 2 Bed / 3 Bath | 1,043 sqft | 2 | 1 | $1.2M – $1.3M | $1,188 |
| 3 Bed / 3 Bath | 976–2,301 sqft | 10 | 7 | $1.1M – $1.6M | $1,239 |
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
The Elser Hotel & Residences Condos for Rent
The Elser Hotel & Residences Pending Sales
The Elser Hotel & Residences Sold Condos
The Elser Hotel & Residences Rented Condos
$1,629,000
2 bd · 2 ba · 983 sqft
398 NE 5th St # 3209, Miami, FL 33132
The Elser
$1,600,000
3 bd · 3 ba · 1,135 sqft
398 NE 5th St # 2418, Miami, FL 33132
The Elser
$1,599,000
3 bd · 3 ba · 1,135 sqft
398 NE 5th Street # 4618, Miami, FL 33132
$1,450,000
3 bd · 3 ba · 1,135 sqft
398 NE 5th St # 3318, Miami, FL 33132
The Elser Residences
$1,449,000
2 bd · 2 ba · 818 sqft
398 NE 5th St # 1811, Miami, FL 33132
The Elser Residence
$1,399,999
3 bd · 3 ba · 1,150 sqft
398 NE 5th St # 1601, Miami, FL 33132
The Elser
$1,385,000
2 bd · 2 ba · 818 sqft
398 NE 5th St # 3811, Miami, FL 33132
The Elser Hotel
$1,379,000
2 bd · 2 ba · 818 sqft
398 NE 5th St # 3711, Miami, FL 33132
The Elser
$1,379,000
3 bd · 3 ba · 1,135 sqft
398 NE 5th St # 3618, Miami, FL 33132
The Elser Residences
$1,338,000
3 bd · 3 ba · 1,040 sqft
398 NE 5th St # 1417, Miami, FL 33132
The Elser Hotel
$1,300,000New
2 bd · 2 ba · 810 sqft
398 NE 5th St # 1911, Miami, FL 33132
The Elser
$1,299,000
2 bd · 3 ba · 1,043 sqft
398 NE 5th St # 3017, Miami, FL 33132
Elser
$1,225,000New
3 bd · 3 ba · 1,135 sqft
398 NE 5th St # 2118, Miami, FL 33132
Elser
$1,180,000
2 bd · 3 ba · 1,043 sqft
398 NE 5th St # 4417, Miami, FL 33132
ELSER
$1,150,000
3 bd · 3 ba · 1,043 sqft
398 NE 5th Street # 2017, Miami, FL 33132
The Elser
$1,139,000New
1 bd · 1 ba · 626 sqft
398 NE 5th St # 4719, Miami, FL 33132
The Elser Residences
$1,099,000
3 bd · 3 ba · 1,150 sqft
398 NE 5th St # 3901, Miami, FL 33132
THE ELSER
$1,050,000
1 bd · 1 ba · 509 sqft
398 NE 5th St # 1510, Miami, FL 33132
The Elser
$1,050,000
1 bd · 1 ba · 509 sqft
398 NE 5th St # 2910, Miami, FL 33132
THE ELSER
$990,000
1 bd · 1 ba · 509 sqft
398 NE 5th St # 3010, Miami, FL 33132
THE ELSER
$958,800
1 bd · 2 ba · 665 sqft
398 NE 5th St # 1614, Miami, FL 33132
The Elser Hotel
$930,000
1 bd · 1 ba · 626 sqft
398 NE 5th St # 2119, Miami, FL 33132
The Elser
$899,000
1 bd · 2 ba · 665 sqft
398 NE 5th St # 2314, Miami, FL 33132
THE ELSER RESIDENCES
$890,000
1 bd · 1 ba · 509 sqft
398 NE 5th St # 4210, Miami, FL 33132
The Elser
$870,000
1 bd · 1 ba · 560 sqft
398 NE 5th St # 3515, Miami, FL 33132
The Elser
$860,000
1 bd · 1 ba · 560 sqft
The Elser
$850,000
1 bd · 1 ba · 626 sqft
398 NE 5th St # 1619, Miami, FL 33132
The Elser Residences
$850,000
1 bd · 1 ba · 442 sqft
398 NE 5th Street # 3907, Miami, FL 33132
$850,000
1 bd · 1 ba · 509 sqft
398 NE 5th St # 3810, Miami, FL 33132
The Elser Hotel & Residen
$840,000
1 bd · 1 ba · 509 sqft
398 NE 5th St # 2410, Miami, FL 33132
The Elser Hotel
$830,000
1 bd · 1 ba · 509 sqft
398 NE 5th St # 1910, Miami, FL 33132
The Elser Hotel
$819,000
1 bd · 1 ba · 560 sqft
398 NE 5th Street # 4015, Miami, FL 33132
$795,000
1 bd · 1 ba · 442 sqft
398 NE 5th St # 1407, Miami, FL 33132
The Elser
$790,000
1 bd · 1 ba · 560 sqft
398 NE 5th St # 1615, Miami, FL 33132
Elser Residences
$768,000
1 bd · 1 ba · 430 sqft
398 NE 5th St # 4708, Miami, FL 33132
THE ELSER
$729,800
1 bd · 1 ba · 443 sqft
398 NE 5th St # 4006, Miami, FL 33132
THE Elser
$720,000
0 bd · 1 ba · 442 sqft
398 NE 5th St # 3207, Miami, FL 33132
The Elser
$720,000
1 bd · 1 ba · 442 sqft
398 NE 5th St # 2407, Miami, FL 33132
ELSER
$709,000New
0 bd · 1 ba · 341 sqft
398 NE 5th St # 2112, Miami, FL 33132
THE ELSER
$699,900
0 bd · 1 ba · 362 sqft
398 NE 5th St # 4316, Miami, FL 33132
The Elser
$699,900
1 bd · 1 ba · 560 sqft
398 NE 5th Street # 1715, Miami, FL 33132
$699,000
1 bd · 1 ba · 442 sqft
398 NE 5th St # 2205, Miami, FL 33132
The Elser
$685,000
1 bd · 1 ba · 626 sqft
398 NE 5th St # 2319, Miami, FL 33132
The Elser Residences
$680,000New
1 bd · 1 ba · 443 sqft
398 NE 5th St # 2904, Miami, FL 33132
The Elser
$665,000
1 bd · 1 ba · 560 sqft
398 NE 5th St # 2215, Miami, FL 33132
The Elser
$660,000
1 bd · 1 ba · 579 sqft
398 NE 5th St # 1915, Miami, FL 33132
THE ELSER HOTEL
$650,000
1 bd · 1 ba · 439 sqft
398 NE 5th St # 2203, Miami, FL 33132
The Elser
$649,900
0 bd · 1 ba · 341 sqft
398 NE 5th St # 4512, Miami, FL 33132
The Elser
$625,000
0 bd · 1 ba · 357 sqft
398 NE 5th St # 4313, Miami, FL 33132
THE ELSER
$619,900New
1 bd · 1 ba · 560 sqft
398 NE 5TH Street # 1515, Miami, FL 33132
$600,000
0 bd · 1 ba · 357 sqft
398 NE 5th St # 3013, Miami, FL 33132
ELSER
$599,999
1 bd · 1 ba · 442 sqft
The Elser
$599,000
0 bd · 1 ba · 362 sqft
398 NE 5th St # 2116, Miami, FL 33132
The Elser
$579,000
0 bd · 1 ba · 442 sqft
398 NE 5th St # 2007, Miami, FL 33132
The Elser
$525,000
0 bd · 1 ba · 362 sqft
398 NE 5th St # 4716, Miami, FL 33132
THE ELSER
$521,000
0 bd · 1 ba · 341 sqft
398 NE 5th St # 4712, Miami, FL 33132
THE ELSER
$517,000
0 bd · 1 ba · 341 sqft
398 NE 5th St # 4412, Miami, FL 33132
THE ELSER
$509,900
1 bd · 1 ba · 430 sqft
398 NE 5th St # 3008, Miami, FL 33132
The Elser
$449,000New
0 bd · 1 ba · 357 sqft
398 NE 5th St # 4713, Miami, FL 33132
Elser Hotel
The Elser Hotel & Residences Market Report
Over the last 12 months, 14 condo sales closed in The Elser Hotel & Residences at a median of $450K ($1,105/sqft), median 121 days on market. Median sold prices are down 21.7% year-over-year. 3 leases were signed at a median of $3,200/mo ($6.79/sqft). Computed from recorded MLS closings; updates automatically.
$450K
Median (12 mo)
14
Sales (12 mo)
121 days
Median DOM
Last 12 Months by Bedroom Count
| Residence | Sales | Median Sold | Sold $/SqFt | DOM | Leases | Median Rent | Rent $/SqFt |
|---|---|---|---|---|---|---|---|
| Studio | 9 | $420K | $1,133 | 121 | — | — | — |
| 1 Bed | 4 | $475K | $1,072 | 88 | 2 | $3,200 | $6.79 |
| 3 Bed | 1 | $1.1M | $925 | 282 | 1 | $8,000 | $7.10 |
Month-by-month table — All
| Month | Sales | Median Sold | Sold $/SqFt | DOM | Leases | Median Rent | Rent $/SqFt |
|---|---|---|---|---|---|---|---|
| Sep 2025 | — | — | — | — | — | — | — |
| Oct 2025 | 2 | $485K | $1,174 | 167 | — | — | — |
| 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 | 3 | $415K | $1,146 | 128 | 1 | $3,200 | $5.71 |
| May 2026 | 1 | $420K | $1,160 | 230 | — | — | — |
| Jun 2026 | — | — | — | — | — | — | — |
| Jul 2026 | — | — | — | — | — | — | — |
| Aug 2026 | 1 | $1.1M | $925 | 282 | — | — | — |
Location
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?
What you'll pay at The Elser Hotel & Residences depends on the line, the floor, the view and the level of finish. Every residence on the market is listed here at live MLS pricing, and the market report above follows median sold prices and price per square foot across the past twelve months.
Is there anything for sale at The Elser Hotel & Residences right now?
Inventory at The Elser Hotel & Residences turns over constantly, and this page feeds directly from the MLS — so whatever is currently offered for sale or for lease appears above, with photos, pricing and the full details.
Can I rent a unit at The Elser Hotel & Residences?
Yes — The Elser Hotel & Residences keeps an active rental market, with annual leases coming available regularly. You'll find current rentals and recent leasing activity, median rents included, on this page. The association sets the minimum lease term, so ask us for the building's current rental policy.
What's the resale market like at The Elser Hotel & Residences?
Residences at The Elser Hotel & Residences change hands regularly. The market report above lays out the last twelve months of closed sales — median price, price per square foot and time on market — refreshed continuously from the MLS.
When was The Elser Hotel & Residences built?
The Elser Hotel & Residences was completed in 2023, rising 49 stories.
Where is The Elser Hotel & Residences located?
The Elser Hotel & Residences sits at 398 NE 5th St, Miami, FL 33132, in the Downtown-miami neighborhood of Miami. The location map above shows its exact position and what surrounds it.
More information about The Elser Hotel & Residences
The Elser Hotel & Residences is a condominium building in Downtown-miami, Miami, FL 33132, in Miami-Dade County. The building was completed in 2023. This page carries every The Elser Hotel & Residences residence currently listed for sale or lease at live MLS pricing, together with a twelve-month market report on closed sales, rentals, price per square foot and time on market. Buildings often compared with it in Downtown-miami include Marina Blue, Natiivo Miami, One Miami. To arrange a private showing, check what's available now, or ask about off-market opportunities at The Elser Hotel & Residences, reach Matthew Gromadzki at +1 786-370-8570.