Property Details
| Sold Price | $425,000 |
|---|---|
| Last Asking Price | $429,000 |
| Price per SqFt | $1,174 |
| Maintenance Fee | $557 Monthly |
| Property Taxes | $9,444 2024 |
| Interior Space | 362 SqFt |
| Beds/Baths | 0/1 |
| Furnished | Yes |
| Year Built | 2022 |
| Closed Date | 10/22/2025 |
| MLS # | A11763592 |
Location
From the listing
Lowest price, turnkey studio with water and skyline views at Downtown Miami’s premier condo-hotel, The Elser Hotel & Residences. Fully furnished with smart access, floor-to-ceiling windows, and designer finishes. Prime location steps from Bayfront Park, Kaseya Center, Bayside, and Miami Worldcenter. Enjoy resort-style amenities: rooftop pool with massive LED screen, full gym, spa, lounge, bar, and 24/7 concierge. Flexible short-term rental use allowed through In-House and approved management companies. Ideal for personal use and income generation when not in residence.
Listed by Real Broker LLC
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $557 a month; taxes $9,444 for 2024. MLS figures, which may not be accurate.
Sales History for This Unit · The Elser Hotel & Residences Unit 1516
Sales history is unavailable for this property
What Other Units Have Been Selling For at The Elser Hotel & Residences
23 units sold at The Elser Hotel & Residences in the last 12 months at an average of $1,080/SqFt
Below, the most recent sales most like this unit: units with the same bedroom count.
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed Date ⇅ |
|---|---|---|---|
| 4713 | $410,000$1,148/SqFt | 91% | 9/11/26 |
| 4207 | $540,000$1,222/SqFt | 92% | 8/24/26 |
| 2316 | $420,000$1,160/SqFt | 88% | 5/7/26 |
| 4616 | $415,000$1,146/SqFt | 94% | 4/15/26 |
| 4516 | $410,000$1,133/SqFt | 89% | 4/10/26 |
| 1416 | $400,000$879/SqFt | 96% | 3/9/26 |
| 1906 | $475,000$1,072/SqFt | 97% | 1/28/26 |
| 2016 | $365,000$1,008/SqFt | 91% | 1/27/26 |
For a full analysis of past sales in this building, contact Mark Zilbert.
Listed by Real Broker LLC. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami and throughout South Florida.
Ask Mark About This Listing
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The Elser Hotel & Residences Unit 1516, 398 NE 5th Street · MLS A11763592 · Sold Oct 2025
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.
More at The Elser Hotel & Residences
At The Elser Hotel & Residences, 67 of 646 units are for sale and 23 sold in the last 12 months at an average of $1,080 per SqFt. Unit 1516 sold at $1,174 per SqFt, below the building's average at the time. Figures compiled by Mark Zilbert, a Miami real estate agent with ONE Sotheby's International Realty, from MLS records.