The Elser Hotel & Residences 2503
Unit 2503
1 / 15
$475,000
398 NE 5th Street · Miami · Miami
The Elser Hotel & Residences Unit 2503, 398 NE 5th Street, Miami FL 33132, photo 1 of 15The Elser Hotel & Residences Unit 2503, 398 NE 5th Street, Miami FL 33132, photo 2 of 15The Elser Hotel & Residences Unit 2503, 398 NE 5th Street, Miami FL 33132, photo 3 of 15The Elser Hotel & Residences Unit 2503, 398 NE 5th Street, Miami FL 33132, photo 4 of 15The Elser Hotel & Residences Unit 2503, 398 NE 5th Street, Miami FL 33132, photo 5 of 15The Elser Hotel & Residences Unit 2503, 398 NE 5th Street, Miami FL 33132, photo 6 of 15The Elser Hotel & Residences Unit 2503, 398 NE 5th Street, Miami FL 33132, photo 7 of 15The Elser Hotel & Residences Unit 2503, 398 NE 5th Street, Miami FL 33132, photo 8 of 15The Elser Hotel & Residences Unit 2503, 398 NE 5th Street, Miami FL 33132, photo 9 of 15The Elser Hotel & Residences Unit 2503, 398 NE 5th Street, Miami FL 33132, photo 10 of 15The Elser Hotel & Residences Unit 2503, 398 NE 5th Street, Miami FL 33132, photo 11 of 15The Elser Hotel & Residences Unit 2503, 398 NE 5th Street, Miami FL 33132, photo 12 of 15The Elser Hotel & Residences Unit 2503, 398 NE 5th Street, Miami FL 33132, photo 13 of 15The Elser Hotel & Residences Unit 2503, 398 NE 5th Street, Miami FL 33132, photo 14 of 15The Elser Hotel & Residences Unit 2503, 398 NE 5th Street, Miami FL 33132, photo 15 of 15
$475,000Sold Price
$1,082Per SqFt
1/1Beds/BathsBd/Ba
439SqFt · 40.8 m²
The Elser Hotel & Residences · MLS R11094556 · 476 days on Zilbert · Listed May 29, 2025 · 398 NE 5th Street, Miami FL 33132Current layoutPhotos first

Property Details

Sold Price$475,000
Last Asking Price$495,000
Price per SqFt$1,082
Maintenance fee$455 Monthly
Property Taxes$11,179 2024
Interior Space439 SqFt
Beds/Baths1/1
FurnishedYes
Year Built2022
Closed Date12/15/2025
MLS #R11094556

Estimated Costs

An estimate of condo or HOA fees and property taxes

Monthly carry, before financing
$455maintenance · $455 per month
$932taxes · $11,179/yr ÷ 12
$1,387 / monthassociation + taxes, before mortgage and insurance

Fees and taxes based on MLS provided figures, and may not be accurate

From the listing

Enjoy the best of both worlds—own your Miami pied-à-terre and generate income through the on-site hotel rental program whenever you're away! Experience the perfect blend of luxury and investment at The Elser Hotel & Residences in Downtown Miami! This fully furnished studio offers modern décor, a king-size bed, pull-out couch, and a sleek kitchen with high-end appliances. Enjoy stunning views of Biscayne Bay and Miami Beach. Approved for short-term rentals (Airbnb/VRBO), it's ideal for INVESTORS and VACATIONERS alike. Amenities include a wrap-around pool, 2-story gym, rooftop lounge, valet, and concierge. Steps from Bayside, Kaseya Center, Port of Miami, and more. Own a turn-key gem in the heart of Miami's most vibrant neighborhood!

Listed by Heartland Realty Group LLC

Sales History for This Unit · The Elser Hotel & Residences Unit 2503

Sales history is unavailable for this property

What Other Units Have Been Selling For at The Elser Hotel & Residences

8 other units sold in the last 12 months at an average of $1,026/SqFt

Unit Sold Price % of Ask Beds/Baths SqFt $/SqFt Closed Date

For a full analysis of past sales in this building, contact Mark Zilbert.

Mark Zilbert
Mark Zilbert
Licensed Real Estate Broker · I track every sale at The Elser Hotel & Residences. Ask me about this residence, the line, or the building.
+1 (786) 280-0201

Listed by Heartland Realty Group 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.

Location

Directions

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

646 units · 60 for sale · 23 sold in the last 12 months · building avg $1,088/SqFt sold