Property Details
| Asking Price | $790,000 |
|---|---|
| Price per SqFt | $1,411 |
| Maintenance Fee | $1,756 Quarterly |
| Property Taxes | $12,578 2025 |
| Interior Space | 560 SqFt |
| Beds/Baths | 1/1 |
| Furnished | Yes |
| Year Built | 2022 |
| MLS # | A12061775 |
Location
From the listing
Experience the ultimate blend of luxury, flexibility, and investment potential at The Elser Hotel & Residences in the heart of Downtown Miami.This beautifully furnished 1-bedroom, 1-bathroom residence offers a thoughtfully designed living space with spectacular city and Biscayne Bay views. Delivered fully furnished and turnkey, the residence is ready for immediate personal enjoyment or income generation from day one.Perfectly positioned directly across from Bayside Marketplace, Bayfront Park, Kaseya Center, and PortMiami, you'll be at the center of Miami's most vibrant entertainment, dining, shopping, and tourism district. With short-term rentals permitted, this residence presents an exceptional opportunity for investors seeking strong rental demand and maximum flexibility.Residents enjoy world-class amenities, resort-style services, and one of the most sought-after addresses for both visitors and owners. Whether you're looking for a vacation home, an investment opportunity, or both, this is a rare opportunity to own a turnkey residence in one of Miami's fastest-growing neighborhoods.Don't miss your chance to own a condo in one of Downtown Miami's premier luxury buildings. Schedule your private showing today!
Listed by MRI Realty Group
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $1,756 a quarter; taxes $12,578 for 2025. MLS figures, which may not be accurate.
Sales History for This Unit · The Elser Hotel & Residences Unit 1615
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 · This unit (1615) is asking $1,411/SqFt
Below, the most recent sales most like this unit: units with the same bedroom count.
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed Date ⇅ |
|---|---|---|---|
| 3805 | $405,000$916/SqFt | 81% | 10/22/26 |
| 2403 | $415,000$847/SqFt | 101% | 6/24/26 |
| 4507 | $520,000$1,176/SqFt | 93% | 4/23/26 |
| 3008 | $450,000$1,047/SqFt | 88% | 4/23/26 |
| 1905 | $420,000$950/SqFt | 93% | 4/20/26 |
| 3406 | $450,000$1,016/SqFt | 90% | 1/21/26 |
| 2503 | $475,000$1,082/SqFt | 96% | 12/15/25 |
| 2506 | $475,000$1,072/SqFt | 97% | 12/12/25 |
For a full analysis of past sales in this building, contact Mark Zilbert.
Listed by MRI Realty Group. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami and throughout South Florida.
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The Elser Hotel & Residences Unit 1615, 398 NE 5th Street · MLS A12061775 · $790,000
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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 1615 asks $1,411 per SqFt, above the building's recent sold average. Figures compiled by Mark Zilbert, a Miami real estate agent with ONE Sotheby's International Realty, from MLS records.