$1,999,000New
4 bd · 4 ba · 1,761 sqft
398 NE 5th St # 3718-3719, Miami, FL 33132
THE ELSER CONDO
The Elser Hotel & Residences Building Guide
398 NE 5th St, Miami, FL 33132 · Miami
Inside The Elser Hotel & Residences
Ownership at The Elser Hotel & Residences comes with none of the usual fine print: no rental caps, no minimum stays, no waiting periods. The 49-story Downtown Miami tower opened in 2023 across from Bayfront Park, its residences sold furnished and move-in ready — lettable nightly through the in-house hotel program, independently on any platform, or on annual leases. The arena, the bayfront and Biscayne Boulevard's restaurants are minutes on foot. Few buildings offer a cleaner blend of personal use and income potential, and that is exactly the buyer it courts.
On 398 NE 5th St in Downtown Miami, The Elser Hotel & Residences stands 49 stories tall and dates to 2023. We follow this building unit by unit: each line, floor and exposure trades at its own level, so the listings below are sorted by status — available, under contract and recently closed — rather than blended into a single average.
The layouts seen in recent MLS activity run from studios up to 4-bedroom residences. Shared facilities on record for the building include bar, elevator secure, elevator(s), exercise room, pool and card entry — worth confirming with the association which are covered by the monthly dues and which carry their own fees. For closed prices, rents and time-to-sell by bedroom count, scroll to the twelve-month market report for The Elser Hotel & Residences further down.
Building Record
- Address
- 398 NE 5th St, Miami, FL 33132
- Year Built
- 2023
- Stories
- 49
- Median Price / SqFt
- $1,387
Shared Amenities at The Elser Hotel & Residences
- Bar
- Elevator Secure
- Elevator(s)
- Exercise Room
- Pool
- Card Entry
- Doorman
- Heated Pool
- Lobby Secured
- Smoke Detector
- Billiard Room
- Business Center
- Fire Alarm
- Fire Sprinklers
- Sauna
- Spa/Hot Tub
In-Unit Features at The Elser Hotel & Residences
- Ceramic Floor
- Dishwasher
- Dryer
- Electric Range
- Open Balcony
- Refrigerator
- Washer
- Elevator
- Microwave
- Skyline
- Walk-In Closet(s)
- Water View
- Closet Cabinetry
- Disposal
- Fire Sprinklers
- Interior Hall
- Lobby
- Ocean View
- Self Cleaning Oven
Finishes differ from unit to unit; check any feature against the specific listing before relying on it.
Layouts & Floor Plans in The Elser Hotel & Residences
Unit layouts recorded in The Elser Hotel & Residences listings, active and recently closed:
| Residence | Size Range | For Sale | For Rent | Sale Pricing | Avg $/SqFt |
|---|---|---|---|---|---|
| Studio / 1 Bath | 341–455 sqft | 13 | 6 | $469K – $724K | $1,563 |
| 1 Bed / 1 Bath | 430–626 sqft | 26 | 5 | $550K – $1.1M | $1,453 |
| 1 Bed / 2 Bath | 665–781 sqft | 2 | 4 | $890K – $959K | $1,390 |
| 2 Bed / 2 Bath | 810–983 sqft | 5 | 2 | $1.3M – $1.7M | $1,645 |
| 2 Bed / 3 Bath | 1,043 sqft | 3 | 2 | $1.1M – $1.3M | $1,141 |
| 3 Bed / 3 Bath | 976–2,301 sqft | 11 | 8 | $1.2M – $1.6M | $1,250 |
Compiled from MLS records. Ask for the official plan of a particular line and we will send the developer drawing.
The Elser Hotel & Residences Listings
The Elser Hotel & Residences — Units for Sale
The Elser Hotel & Residences — Units for Lease
The Elser Hotel & Residences — Sales Under Contract
The Elser Hotel & Residences — Leases Pending
The Elser Hotel & Residences — Closed Sales, Past Year
The Elser Hotel & Residences — Leases Signed, Past Year
$1,700,000
2 bd · 2 ba · 983 sqft
398 NE 5th St # 3509, Miami, FL 33132
THE ELSER
$1,650,000
3 bd · 3 ba · 1,150 sqft
398 NE 5th St # 4701, Miami, FL 33132
The Elser
$1,599,000
3 bd · 3 ba · 1,135 sqft
398 NE 5th Street # 4618, Miami, FL 33132
$1,550,000New
3 bd · 3 ba · 1,150 sqft
398 NE 5th St # 4001, Miami, FL 33132
THE ELSER
$1,499,000New
3 bd · 3 ba · 1,127 sqft
398 NE 5th St # 1518, Miami, FL 33132
THE ELSER
$1,450,000
3 bd · 3 ba · 1,135 sqft
398 NE 5th St # 3318, Miami, FL 33132
The Elser Residences
$1,379,000
2 bd · 2 ba · 818 sqft
398 NE 5th St # 3711, Miami, FL 33132
The Elser
$1,350,000
3 bd · 3 ba · 1,135 sqft
398 NE 5th St # 2418, Miami, FL 33132
The Elser
$1,338,000
3 bd · 3 ba · 1,040 sqft
398 NE 5th St # 1417, Miami, FL 33132
The Elser Hotel
$1,335,000
2 bd · 2 ba · 818 sqft
398 NE 5th St # 3811, Miami, FL 33132
The Elser Hotel
$1,300,000
2 bd · 2 ba · 810 sqft
398 NE 5th St # 1911, Miami, FL 33132
The Elser
$1,300,000New
3 bd · 3 ba · 1,150 sqft
Elser Condo
$1,299,000New
2 bd · 2 ba · 825 sqft
398 NE 5th St # 1711, Miami, FL 33132
The Elser
$1,299,000
2 bd · 3 ba · 1,043 sqft
398 NE 5th St # 3017, Miami, FL 33132
Elser
$1,299,000
3 bd · 3 ba · 1,135 sqft
398 NE 5TH # 4118, Miami, FL 33132
The Elser Residences
$1,200,000New
3 bd · 3 ba · 1,150 sqft
398 NE 5th St # 1601, Miami, FL 33132
The Elser
$1,200,000New
3 bd · 3 ba · 1,040 sqft
398 NE 5th St # 1617, Miami, FL 33132
The Elser Hotel
$1,180,000
2 bd · 3 ba · 1,043 sqft
398 NE 5th St # 4417, Miami, FL 33132
ELSER
$1,139,000
1 bd · 1 ba · 626 sqft
398 NE 5th St # 4719, Miami, FL 33132
The Elser Residences
$1,090,000
2 bd · 3 ba · 1,043 sqft
398 NE 5th Street # 2017, Miami, FL 33132
The Elser
$1,050,000
1 bd · 1 ba · 509 sqft
398 NE 5th St # 2910, 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
$890,000
1 bd · 1 ba · 509 sqft
398 NE 5th St # 4210, Miami, FL 33132
The Elser
$890,000New
1 bd · 2 ba · 665 sqft
398 NE 5th St # 2314, Miami, FL 33132
THE ELSER RESIDENCES
$850,000New
1 bd · 1 ba · 626 sqft
398 NE 5th St # 2219, Miami, FL 33132
THE ESLER HOTEL RESIDENCE
$850,000
1 bd · 1 ba · 442 sqft
398 NE 5th Street # 3907, Miami, FL 33132
$790,000
1 bd · 1 ba · 560 sqft
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
$760,000
1 bd · 1 ba · 560 sqft
398 NE 5th St # 4415, Miami, FL 33132
The Elser Residences Miam
$745,000
1 bd · 1 ba · 442 sqft
398 NE 5th St # 1407, Miami, FL 33132
The Elser
$729,800
1 bd · 1 ba · 443 sqft
398 NE 5th St # 4006, Miami, FL 33132
THE Elser
$724,000New
0 bd · 1 ba · 430 sqft
398 NE 5th St # 3508, Miami, FL 33132
THE ELSER HOTEL RESIDENCE
$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
$709,000
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
$699,000New
1 bd · 1 ba · 442 sqft
398 NE 5th St # 2805, Miami, FL 33132
The ELSER Residances
$685,000
1 bd · 1 ba · 626 sqft
398 NE 5th St # 2319, Miami, FL 33132
The Elser Residences
$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
$619,000
1 bd · 1 ba · 560 sqft
398 NE 5th Street # 4015, 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 · 443 sqft
398 NE 5th St # 2904, Miami, FL 33132
The Elser
$599,900
1 bd · 1 ba · 560 sqft
398 NE 5TH Street # 1515, Miami, FL 33132
$599,000
0 bd · 1 ba · 362 sqft
398 NE 5th St # 2116, Miami, FL 33132
The Elser
$580,000
1 bd · 1 ba · 442 sqft
The Elser
$579,000
1 bd · 1 ba · 443 sqft
398 NE 5th St # 3104, Miami, FL 33132
The Elser
$570,000New
0 bd · 1 ba · 430 sqft
398 NE 5th St # 4308, Miami, FL 33132
THE ELSER RESIDENCES
$550,000New
1 bd · 1 ba · 560 sqft
398 NE 5th St # 1815, Miami, FL 33132
THE ELSER HOTEL
$545,000
0 bd · 1 ba · 341 sqft
398 NE 5th St # 1712, Miami, FL 33132
THE ELSER
$539,000
0 bd · 1 ba · 442 sqft
398 NE 5th St # 2007, Miami, FL 33132
The Elser
$499,000
0 bd · 1 ba · 442 sqft
398 NE 5th St # 2005, Miami, FL 33132
The Elser
$495,000
0 bd · 1 ba · 357 sqft
398 NE 5th St # 4313, Miami, FL 33132
THE ELSER
$469,000
0 bd · 1 ba · 430 sqft
398 NE 5th St # 1902, Miami, FL 33132
The Elser Hotel Miami
The Elser Hotel & Residences: Twelve-Month Condo Readout
A rolling year of recorded closings and signed leases for The Elser Hotel & Residences, recalculated as new MLS closings post. Switch the metric or bedroom count below to isolate the part of the building stock you are shopping.
- Closed sales:
- 16
- Median closed:
- $450K
- Per sqft:
- $1,072
- Median days to sell:
- 94
- Year over year:
- −7.2%
- Leases signed:
- 5
- Median rent:
- $8,000/mo ($7.10/sqft)
$450K
Median (12 mo)
16
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 | 6 | $450K | $1,047 | 88 | 2 | $3,200 | $6.79 |
| 3 Bed | 1 | $1.1M | $925 | 282 | 3 | $8,000 | $7.10 |
Month-by-month table — All
| Month | Sales | Median Sold | Sold $/SqFt | DOM | Leases | Median Rent | Rent $/SqFt |
|---|---|---|---|---|---|---|---|
| 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 | 1 | $405K | $916 | 22 | 1 | $8,500 | $7.54 |
| Nov 2026 | — | — | — | — | — | — | — |
Where The Elser Hotel & Residences Sits
Towers to Compare With The Elser Hotel & Residences
Comparable Downtown Miami buildings whose current listings overlap the The Elser Hotel & Residences price band — worth touring side by side:
Questions Buyers Ask About The Elser Hotel & Residences
Which association documents should I review before buying at The Elser Hotel & Residences?
Request the current budget, the reserve study, at least a year of board minutes, the rules and regulations, and a written statement of any special assessment that is approved or under discussion. Florida's condo-safety laws now require milestone structural inspections and structural integrity reserve studies for buildings of three or more stories, so ask where The Elser Hotel & Residences stands on both.
Does The Elser Hotel & Residences allow pets?
Pet policy is set by the The Elser Hotel & Residences association and can limit the number, size or type of animals — and a board vote can change it. Get the current rule in writing before you make an offer; we request it as a standard step on every condo purchase we handle.
What leasing rules apply to owners at The Elser Hotel & Residences?
Minimum lease length, how many times a year a unit may be leased, tenant approval and any waiting period for new owners are association decisions. If you plan to rent the unit out, verify the current policy first; the rental and leased tabs on this page show the lease activity recorded here.
How do view lines and floor height affect value at The Elser Hotel & Residences?
Inside one tower, price follows the stack: exposure, view corridor, floor height and whether the line is a corner unit all matter. Compare closed prices by bedroom count in the market report, then ask us which lines in The Elser Hotel & Residences face which direction before you build a shortlist.
Does a unit at The Elser Hotel & Residences come with parking?
Parking arrangements differ by building and sometimes by unit — assigned spaces, valet, or spaces conveyed as limited common elements. Confirm how many spaces transfer with the specific residence and whether guest parking or storage costs extra.
How does Gromadzki Real Estate price a unit in The Elser Hotel & Residences?
Building first: closings in the same line and bedroom count, then nearby floors, then comparable towers in Downtown Miami. The association's health — reserves, assessments and insurance — gets equal weight, because it shapes the monthly cost of ownership as much as the purchase price does.
How old is The Elser Hotel & Residences?
The Elser Hotel & Residences dates to 2023 (49 stories).
What is the street address of The Elser Hotel & Residences?
The building's address is 398 NE 5th St, Miami, FL 33132 — part of Downtown Miami. The map lower on this page pins its exact location.
The Elser Hotel & Residences: Building Notes
Building file: The Elser Hotel & Residences, Downtown Miami, Miami, Florida 33132 (Miami-Dade County). Credits — delivered 2023. Before any offer here we pull the association's current budget, reserve funding, recent board minutes, any approved or proposed special assessment and the building's milestone-inspection status, then price the unit against closings in its own line before looking at neighboring towers. Buyers weighing The Elser Hotel & Residences usually tour Marina Blue, 50 Biscayne and Mint as well. To see a specific unit or ask which lines face which direction, call Matthew Gromadzki at +1 786-370-8570.