Property Details
| Asking Price | $686,900 |
|---|---|
| Price per SqFt | $1,551 |
| Maintenance Fee | $2,055 Quarterly |
| Property Taxes | $10,640 2025 |
| Interior Space | 443 SqFt |
| Beds/Baths | 1/1 |
| Year Built | 2022 |
| MLS # | A12112238 |
Location
From the listing
Discover an exceptional opportunity to own at The Elser Hotel & Residences, in the heart of Downtown Miami! This fully furnished junior suite on the 20th floor offers 443 sq. ft. of living space, a functional open-concept layout, modern finishes, an equipped kitchen, in-unit washer and dryer, and a private balcony. Enjoy the perfect combination of comfort, luxury, and convenience in a premier high-rise building featuring resort-style amenities, including a spectacular pool overlooking Biscayne Bay, fitness center, concierge services, valet parking, dining options, and inviting social spaces. Ideally located steps from Miami Worldcenter, Kaseya Center, Bayside Marketplace, Brightline Station, and Downtown Miami's finest restaurants, shopping, and entertainment. Currently operated as a short-term rental through the hotel program, with the option to use another approved rental management company, subject to applicable regulations and agreements. An attractive opportunity for investors or those seeking a Miami getaway. Experience the vibrant Downtown Miami lifestyle at The Elser! The unit is currently enrolled in The Elser's hotel rental management program. Owners may choose to work with the hotel operator or another management company approved by the Commercial Parcel Owner. Short-term rentals are subject to the unit's Certificate of Use and applicable condominium regulations. All transient guests must register at the front desk. Buyers and their agents should independently verify rental restrictions, management agreements, association fees, approval requirements, and permitted uses. Contact the listing agent for additional information regarding rental management options and property details.
Listed by Realty One Group Evolution
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $2,055 a quarter; taxes $10,640 for 2025. MLS figures, which may not be accurate.
Sales History for This Unit · The Elser Hotel & Residences Unit 2004
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 (2004) is asking $1,551/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 Realty One Group Evolution. 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 2004, 398 NE 5th Street · MLS A12112238 · $686,900
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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 2004 asks $1,551 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.