Property Details
| Asking Price | $539,000 |
|---|---|
| Price per SqFt | $1,219 |
| Maintenance Fee | $600 Monthly |
| Property Taxes | $9,430 2025 |
| Interior Space | 442 SqFt |
| Beds/Baths | 0/1 |
| Year Built | 2022 |
| MLS # | A12055966 |
Location
From the listing
NEW PRICE — Turnkey investment opportunity at The Elser with documented rental history and immediate participation in the building’s established hotel rental program. Unit 2007 is a fully furnished 442 SF hotel unit offering Kaseya Center skyline and partial Biscayne Bay views, a king-size bed, sofa bed, full kitchen, in-unit washer/dryer and secure keyless entry. Unlike purchasing new construction and waiting for completion, this is a completed 2022 property with an operating rental program and actual rental history available for buyer review. The unit is currently enrolled in The Elser’s professionally managed short-term rental program, offering flexible daily, weekly and long-term rentals together with personal-use flexibility. Amenities include a wraparound pool deck, bar and restaurant, two-story fitness center, 24/7 concierge, valet parking and Beach Club access. Ideally located in Downtown Miami near Kaseya Center, Bayside Marketplace, Brightline and Biscayne Bay.
Listed by EXP Realty LLC
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $600 a month; taxes $9,430 for 2025. MLS figures, which may not be accurate.
Sales History for This Unit · The Elser Hotel & Residences Unit 2007
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A11680875 | $575,000 | 3/12/25 |
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 (2007) is asking $1,219/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 EXP Realty 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.
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The Elser Hotel & Residences Unit 2007, 398 NE 5th Street · MLS A12055966 · $539,000
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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, 65 of 646 units are for sale and 23 sold in the last 12 months at an average of $1,080 per SqFt. Unit 2007 asks $1,219 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.