$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
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.
The Elser Hotel & Residences is a 49-story condominium at 398 NE 5th St in Downtown-miami, completed in 2023. Residences here come to market for both purchase and annual lease, and every current listing appears below with live pricing direct from the MLS.
Residences range from studios to 3-bedroom residences. Building amenities include business center, exercise room, card entry, elevator secure, lobby secured and pool. A detailed twelve-month market report — sold and rental pricing, price per square foot and days on market — is published further down this page.
Building Facts
- Address
- 398 NE 5th St, Miami, FL 33132
- Year Built
- 2023
- Stories
- 49
- Median Price / SqFt
- $1,450
The Elser Hotel & Residences Amenities
- Business Center
- Exercise Room
- Card Entry
- Elevator Secure
- Lobby Secured
- Pool
- Smoke Detector
- Bar
- Barbecue
- Child Play Area
- Doorman
- Elevator(s)
- Fire Alarm
- Heated Pool
- Intercom In Lobby
- Sauna
- Spa/Hot Tub
- TV Camera
The Elser Hotel & Residences Residence Features
- Electric Range
- Elevator
- Microwave
- Ocean View
- Refrigerator
- Bay
- Blinds
- Built-in Features
- Canal
- Ceramic Floor
- Clear Impact Glass
- Closet Cabinetry
- Dishwasher
- Dryer
- Electric Water Heater
- Entrance Foyer
- High Impact Windows
- Ice Maker
- Intracoastal View
- Lobby
- Open Balcony
- Other View
- Self Cleaning Oven
- Tile
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 | 5 | $489K – $720K | $1,631 |
| 1 Bed / 1 Bath | 430–626 sqft | 27 | 5 | $499K – $1.1M | $1,506 |
| 1 Bed / 2 Bath | 665 sqft | 2 | 3 | $895K – $959K | $1,394 |
| 2 Bed / 2 Bath | 810–1,202 sqft | 5 | 2 | $1.3M – $1.6M | $1,682 |
| 2 Bed / 3 Bath | 1,043 sqft | 2 | 2 | $1.2M – $1.3M | $1,188 |
| 3 Bed / 3 Bath | 976–2,301 sqft | 11 | 9 | $1.1M – $1.6M | $1,230 |
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
$1,300,000
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
$1,299,000
3 bd · 3 ba · 1,135 sqft
398 NE 5TH # 4118, Miami, FL 33132
The Elser Residences
$1,225,000
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
$1,139,000
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 # 2910, Miami, FL 33132
THE ELSER
$1,050,000
1 bd · 1 ba · 509 sqft
398 NE 5th St # 1510, 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
$895,000
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
$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
$780,000
1 bd · 1 ba · 560 sqft
398 NE 5th St # 4415, Miami, FL 33132
The Elser Residences Miam
$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
$709,000
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
$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
$625,000
0 bd · 1 ba · 357 sqft
398 NE 5th St # 4313, Miami, FL 33132
THE ELSER
$619,900
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 · 443 sqft
398 NE 5th St # 2904, Miami, FL 33132
The 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
$579,000
1 bd · 1 ba · 443 sqft
398 NE 5th St # 3104, 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
$499,000New
1 bd · 1 ba · 442 sqft
398 NE 5th St # 3805, Miami, FL 33132
THE ELSER
$489,000New
0 bd · 1 ba · 430 sqft
398 NE 5th St # 1902, Miami, FL 33132
The Elser Hotel Miami
The Elser Hotel & Residences Market Report
Over the last 12 months, 17 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. 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)
17
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 | 11 | $420K | $1,146 | 121 | — | — | — |
| 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 |
|---|---|---|---|---|---|---|---|
| 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 | 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 | — | — | — |
Location
Similar Buildings to The Elser Hotel & Residences
Buyers considering The Elser Hotel & Residences also look at these Downtown-miami buildings in a similar price range:
The Elser Hotel & Residences — Frequently Asked Questions
How much does a condo at The Elser Hotel & Residences cost?
Pricing at The Elser Hotel & Residences varies by line, floor, view and finish level. Every available residence is listed on this page with live MLS pricing, and the market report above tracks median sold prices and price per square foot over the last twelve months.
Are there condos for sale at The Elser Hotel & Residences?
Availability at The Elser Hotel & Residences changes continuously — this page updates directly from the MLS, so every residence currently offered for sale or for rent is listed above with photos, pricing and full details.
Can you rent at The Elser Hotel & Residences?
The Elser Hotel & Residences has an active rental market with annual leases regularly available. Current rentals and recent leasing activity, including median rents, appear on this page. Minimum lease terms are set by the association — ask us for the current rental policy.
How is the resale market at The Elser Hotel & Residences?
The Elser Hotel & Residences residences trade regularly on the resale market. The market report above shows the last twelve months of closed sales — median pricing, price per square foot and days on market — updated 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 is at 398 NE 5th St, Miami, FL 33132, in the Downtown-miami neighborhood of Miami. See the location map above for the exact position and surroundings.
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 tower was completed in 2023. Condos for sale and for rent at The Elser Hotel & Residences are listed on this page with live MLS pricing, alongside a twelve-month market report covering closed sales, rentals, price per square foot and days on market. Comparable Downtown-miami buildings include Marina Blue, Natiivo Miami, One Miami. For private showings, current availability, or off-market opportunities at The Elser Hotel & Residences, contact Matthew Gromadzki at +1 786-370-8570.