The Elser Hotel & Residences

398 NE 5th Street, Miami, FL 33132

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The Elser Hotel & Residences, 398 NE 5th Street, photo 1 of 1

64For Sale

$1,370Avg Asking $/SqFt

23Sold · 12 Months

$1,080Avg Sold $/SqFt · 12 Mo

Mark Zilbert is a Miami real estate agent who follows every listing and sale at The Elser Hotel & Residences. Buyers and sellers can call or text Mark at (786) 280-0201.

Building Facts

Developer	Property Markets Group
Architect	Sieger Suarez
Year Built	2022
Units	646
Unit sizes	341 – 1,150 SqFt

About Elser Hotel & Residences

The Elser Hotel & Residences is a 49-story tower of 646 furnished residences at 398 NE 5th Street, finished in 2022. PMG and Greybrook developed it with Sieger Suarez as architect, with Cotofana Designs interiors and EGS2 grounds, and owners can place their residences in a daily rental program run by Highgate. The studios to three-bedroom units run 341 to 1,150 SqFt. Amenities include a 132-foot pool with a 16-foot LED wall, a two-story gym of 10,200 SqFt, co-working space and a yoga lawn.

By Mark Zilbert, Global Real Estate Advisor · updated October 2026

Asking prices by bedrooms: Studios $495K to $720K · 1 bed $579K to $1.1M · 2 beds $1.2M to $1.4M · 3 beds $1.2M to $1.6M · 4 beds from $2M

Ask Mark

Mark Zilbert

Global Real Estate Advisor

ONE Sotheby's International Realty

Your contact for Elser Hotel & Residences

+1 (786) 280-0201

iMessage Live Chat E-Mail Me Ask Mark About This Condo

For Sale

64 units · avg asking $1,370/SqFt

Unit ⇅		Price ⇅		$/SqFt ⇅	Beds/Baths ⇅	SqFt ⇅	Listed ⇅
19020 bed · 430 SqFt		$469,000$1,091/SqFt · ▼5.3%	▼5.3%	$1,091	0/1	430	9/9/269/9
43130 bed · 357 SqFt		$495,000$1,387/SqFt · ▼20.8%	▼20.8%	$1,387	0/1	357	2/19/262/19
20050 bed · 442 SqFt		$499,000$1,129/SqFt		$1,129	0/1	442	10/6/2610/6
4412Under Contract0 bed · 341 SqFt		$517,000$1,516/SqFt		$1,516	0/1	341	4/6/264/6
4712Under Contract0 bed · 341 SqFt		$521,000$1,528/SqFt		$1,528	0/1	341	4/6/264/6
4716Under Contract0 bed · 362 SqFt		$525,000$1,450/SqFt		$1,450	0/1	362	4/6/264/6
20070 bed · 442 SqFt		$539,000$1,219/SqFt · ▼17.1%	▼17.1%	$1,219	0/1	442	7/20/267/20
17120 bed · 341 SqFt		$545,000$1,598/SqFt		$1,598	0/1	341	10/23/2610/23
1815New1 bed · 560 SqFt	New	$550,000$982/SqFt		$982	1/1	560	10/29/2610/29
43080 bed · 430 SqFt		$570,000$1,326/SqFt		$1,326	0/1	430	10/22/2610/22
31041 bed · 443 SqFt		$579,000$1,307/SqFt		$1,307	1/1	443	8/22/268/22
-1 bed · 442 SqFt		$580,000$1,312/SqFt · ▼3.3%	▼3.3%	$1,312	1/1	442	8/10/268/10
21160 bed · 362 SqFt		$599,000$1,655/SqFt		$1,655	0/1	362	2/13/262/13
15151 bed · 560 SqFt		$599,900$1,071/SqFt · ▼3.2%	▼3.2%	$1,071	1/1	560	8/24/268/24
29041 bed · 443 SqFt		$599,999$1,354/SqFt · ▼11.8%	▼11.8%	$1,354	1/1	443	6/28/266/28
40151 bed · 560 SqFt		$619,000$1,105/SqFt · ▼24.4%	▼24.4%	$1,105	1/1	560	4/2/264/2
45120 bed · 341 SqFt		$649,900$1,906/SqFt		$1,906	0/1	341	1/6/261/6
22031 bed · 439 SqFt		$650,000$1,481/SqFt		$1,481	1/1	439	8/10/268/10
19151 bed · 579 SqFt		$660,000$1,140/SqFt		$1,140	1/1	579	3/1/263/1
22151 bed · 560 SqFt		$665,000$1,188/SqFt		$1,188	1/1	560	11/26/2511/26/25
23191 bed · 626 SqFt		$685,000$1,094/SqFt · ▼2.0%	▼2.0%	$1,094	1/1	626	12/30/2512/30/25
28051 bed · 442 SqFt		$699,000$1,581/SqFt		$1,581	1/1	442	10/5/2610/5
22051 bed · 442 SqFt		$699,000$1,581/SqFt		$1,581	1/1	442	2/10/262/10
43160 bed · 362 SqFt		$699,900$1,933/SqFt		$1,933	0/1	362	6/24/266/24
17151 bed · 560 SqFt		$699,900$1,250/SqFt · ▼7.8%	▼7.8%	$1,250	1/1	560	1/5/261/5
21120 bed · 341 SqFt		$709,000$2,079/SqFt		$2,079	0/1	341	6/18/266/18
32070 bed · 442 SqFt		$720,000$1,629/SqFt		$1,629	0/1	442	1/23/261/23
24071 bed · 442 SqFt		$720,000$1,629/SqFt · ▲21.0%	▲21.0%	$1,629	1/1	442	12/19/2512/19/25
35080 bed · 430 SqFt		$724,000$1,684/SqFt		$1,684	0/1	430	10/19/2610/19
40061 bed · 443 SqFt		$729,800$1,647/SqFt		$1,647	1/1	443	4/1/244/1/24
44151 bed · 560 SqFt		$760,000$1,357/SqFt · ▼13.1%	▼13.1%	$1,357	1/1	560	8/27/268/27
47081 bed · 430 SqFt		$768,000$1,786/SqFt		$1,786	1/1	430	4/1/244/1/24
-1 bed · 560 SqFt		$790,000$1,411/SqFt · ▲1.3%	▲1.3%	$1,411	1/1	560	2/2/262/2
16151 bed · 560 SqFt		$790,000$1,411/SqFt		$1,411	1/1	560	7/29/267/29
14071 bed · 442 SqFt		$795,000$1,799/SqFt		$1,799	1/1	442	5/12/265/12
22191 bed · 626 SqFt		$850,000$1,358/SqFt		$1,358	1/1	626	10/20/2610/20
39071 bed · 442 SqFt		$850,000$1,923/SqFt		$1,923	1/1	442	7/9/267/9
23141 bed · 665 SqFt		$890,000$1,338/SqFt		$1,338	1/2	665	10/24/2610/24
42101 bed · 509 SqFt		$890,000$1,749/SqFt		$1,749	1/1	509	7/2/267/2
21191 bed · 626 SqFt		$930,000$1,486/SqFt		$1,486	1/1	626	4/9/254/9/25
16141 bed · 665 SqFt		$958,800$1,442/SqFt · ▼4.0%	▼4.0%	$1,442	1/2	665	9/13/239/13/23
29101 bed · 509 SqFt		$1,050,000$2,063/SqFt		$2,063	1/1	509	5/13/255/13/25
20172 bed · 1,043 SqFt		$1,090,000$1,045/SqFt · ▼9.2%	▼9.2%	$1,045	2/3	1,043	2/4/262/4
47191 bed · 626 SqFt		$1,139,000$1,819/SqFt		$1,819	1/1	626	7/8/267/8
3901Under Contract3 bed · 1,150 SqFt		$1,160,000$1,009/SqFt · ▼10.8%	▼10.8%	$1,009	3/3	1,150	4/25/254/25/25
44172 bed · 1,043 SqFt		$1,180,000$1,131/SqFt · ▼18.6%	▼18.6%	$1,131	2/3	1,043	7/27/257/27/25
16173 bed · 1,040 SqFt		$1,200,000$1,154/SqFt		$1,154	3/3	1,040	10/20/2610/20
16013 bed · 1,150 SqFt		$1,200,000$1,043/SqFt		$1,043	3/3	1,150	9/29/269/29
17112 bed · 825 SqFt		$1,299,000$1,575/SqFt		$1,575	2/2	825	10/8/2610/8
30172 bed · 1,043 SqFt		$1,299,000$1,245/SqFt · ▼0.1%	▼0.1%	$1,245	2/3	1,043	10/20/2510/20/25
41183 bed · 1,135 SqFt		$1,299,000$1,144/SqFt · ▼7.1%	▼7.1%	$1,144	3/3	1,135	8/26/268/26
19112 bed · 810 SqFt		$1,300,000$1,605/SqFt		$1,605	2/2	810	8/17/268/17
-3 bed · 1,150 SqFt		$1,300,000$1,130/SqFt		$1,130	3/3	1,150	10/9/2610/9
38112 bed · 818 SqFt		$1,335,000$1,632/SqFt · ▼3.6%	▼3.6%	$1,632	2/2	818	2/21/262/21
14173 bed · 1,040 SqFt		$1,338,000$1,287/SqFt · ▼3.5%	▼3.5%	$1,287	3/3	1,040	12/15/2512/15/25
24183 bed · 1,135 SqFt		$1,350,000$1,189/SqFt · ▼15.6%	▼15.6%	$1,189	3/3	1,135	3/6/263/6
37112 bed · 818 SqFt		$1,379,000$1,686/SqFt · ▼9.3%	▼9.3%	$1,686	2/2	818	7/22/267/22
33183 bed · 1,135 SqFt		$1,450,000$1,278/SqFt		$1,278	3/3	1,135	6/13/266/13
15183 bed · 1,127 SqFt		$1,499,000$1,330/SqFt		$1,330	3/3	1,127	10/24/2610/24
4001New3 bed · 1,150 SqFt	New	$1,550,000$1,348/SqFt		$1,348	3/3	1,150	10/28/2610/28
46183 bed · 1,135 SqFt		$1,599,000$1,409/SqFt		$1,409	3/3	1,135	2/25/262/25
47013 bed · 1,150 SqFt		$1,650,000$1,435/SqFt		$1,435	3/3	1,150	5/12/265/12
35092 bed · 983 SqFt		$1,700,000$1,729/SqFt		$1,729	2/2	983	10/21/2610/21
3718-37194 bed · 1,761 SqFt		$1,999,000$1,135/SqFt		$1,135	4/4	1,761	10/5/2610/5

Pending Sales

Under contract, awaiting closing. The freshest signal of where prices are settling. In the MLS: For sale is Active or Active with Contract; these are Pending. The price shown is the asking price. The closed price appears in Sold when it records.

Unit ⇅	Price ⇅		$/SqFt ⇅	Beds/Baths ⇅	SqFt ⇅	Pending ⇅	DOM ⇅
18093 bed · 976 SqFt	$1,099,000$1,126/SqFt		$1,126	3/3	976	5/4/265/4	—

1 residence under contract

Sold · Last 12 Months

23 closed sales · avg $1,080/SqFt · avg 93% of last asking price

Unit ⇅	Sold Price ⇅	% of Ask ⇅	$/SqFt ⇅	Beds/Baths ⇅	SqFt ⇅	Closed ⇅
38051 bed · 442 SqFt	$405,000list $499,000	81%	$916	1/1	442	10/22/2610/22
47130 bed · 357 SqFt	$410,000list $449,000	91%	$1,148	0/1	357	9/11/269/11
42070 bed · 442 SqFt	$540,000list $585,000	92%	$1,222	0/1	442	8/24/268/24
45183 bed · 1,135 SqFt	$1,050,000list $1,090,000	96%	$925	3/3	1,135	8/14/268/14
24031 bed · 490 SqFt	$415,000list $410,000	101%	$847	1/1	490	6/24/266/24
23160 bed · 362 SqFt	$420,000list $475,000	88%	$1,160	0/1	362	5/7/265/7
37092 bed · 983 SqFt	$1,150,000list $1,200,000	96%	$1,170	2/2	983	4/27/264/27
37092 bed · 983 SqFt	$1,150,000list $1,200,000	96%	$1,170	2/2	983	4/24/264/24
30081 bed · 430 SqFt	$450,000list $509,900	88%	$1,047	1/1	430	4/23/264/23
45071 bed · 442 SqFt	$520,000list $560,000	93%	$1,176	1/1	442	4/23/264/23
19051 bed · 442 SqFt	$420,000list $450,000	93%	$950	1/1	442	4/20/264/20
46160 bed · 362 SqFt	$415,000list $439,900	94%	$1,146	0/1	362	4/15/264/15
45160 bed · 362 SqFt	$410,000list $459,000	89%	$1,133	0/1	362	4/10/264/10
14160 bed · 455 SqFt	$400,000list $418,000	96%	$879	0/1	455	3/9/263/9
19060 bed · 443 SqFt	$475,000list $489,900	97%	$1,072	0/1	443	1/28/261/28
20160 bed · 362 SqFt	$365,000list $399,000	91%	$1,008	0/1	362	1/27/261/27
34061 bed · 443 SqFt	$450,000list $499,000	90%	$1,016	1/1	443	1/21/261/21
25031 bed · 439 SqFt	$475,000list $495,000	96%	$1,082	1/1	439	12/15/2512/15/25
25061 bed · 443 SqFt	$475,000list $489,000	97%	$1,072	1/1	443	12/12/2512/12/25
18031 bed · 439 SqFt	$435,000list $500,000	87%	$991	1/1	439	12/11/2512/11/25
46130 bed · 357 SqFt	$580,000list $650,000	89%	$1,625	0/1	357	12/5/2512/5/25
28151 bed · 560 SqFt	$620,000list $659,000	94%	$1,107	1/1	560	11/24/2511/24/25
14120 bed · 341 SqFt	$400,000list $429,000	93%	$1,173	0/1	341	11/10/2511/10/25

% of ask compares the closed price to the final list price. The building's full sold history, 38 sales, lives on the archive view.

All 38 recorded sales at Elser Hotel & Residences

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