Property Details
| Asking Price | $599,000 |
|---|---|
| Price per SqFt | $1,655 |
| Maintenance Fee | $557 Monthly |
| Property Taxes | $9,386 2025 |
| Interior Space | 362 SqFt |
| Beds/Baths | 0/1 |
| Furnished | Yes |
| Year Built | 2022 |
| MLS # | A11963081 |
Location
From the listing
Prime investment opportunity at The Elser Hotel & Residences in the heart of Downtown Miami. Luxury condo with no rental restrictions, allowing daily, weekly, and short-term rentals—ideal for investors seeking strong income potential in Miami’s high-demand short-term rental market. Turnkey, fully finished and furnished residences with floor-to-ceiling glass and private balconies offering sweeping city and bay views. Owners may participate in a professionally managed onsite rental program for seamless operations and optimized returns. Resort-style amenities include a panoramic bayfront pool deck, multi-level fitness center, coworking spaces, lounges, café, and concierge services. Unbeatable walkable location steps from Bayside Marketplace, Bayfront Park, Kaseya Center, dining, nightlife, Brightline and major transit. A rare chance to own a flexible-use, income-producing asset in one of Miami’s most dynamic urban cores.
Listed by United Realty Group Inc
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $557 a month; taxes $9,386 for 2025. MLS figures, which may not be accurate.
Sales History for This Unit · The Elser Hotel & Residences Unit 2116
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 (2116) is asking $1,655/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 United Realty Group Inc. 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 2116, 398 NE 5th Street · MLS A11963081 · $599,000
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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 2116 asks $1,655 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.