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Unit in The Elser Hotel & Residences For Sale

$790,000
398 NE 5th Street · Downtown Miami · Miami
Address withheld by the listing agent
$790,000
398 NE 5th Street · Downtown Miami · Miami
Address withheld by the listing agent
MLS A11957052
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32 of 65 For Sale at The Elser Hotel & Residences · back to list
$790,000Asking Price
$1,411Per SqFt
1/1Beds/BathsBd/Ba
560SqFt · 52.0 m²
The Elser Hotel & Residences · MLS A11957052 · 272 days on Zilbert · Listed Feb 2, 2026 · 398 NE 5th Street, Downtown Miami, Miami FL

Property Details

Asking Price$790,000
Price per SqFt$1,411
Maintenance Fee$862 Monthly
Property Taxes$11,493 2025
Interior Space560 SqFt
Beds/Baths1/1
FurnishedYes
Year Built2022
MLS #A11957052

From the listing

Experience elevated downtown living in Unit 4115, a high-floor 1-bedroom, 1-bath ADA compliant residence at The Elser Hotel & Residences, showcasing breathtaking direct bay views and a front-row vantage point to Miami’s future skyline, including the iconic Waldorf Astoria Miami, poised to become the tallest building east of New York City. This rare, flexible-use condo is perfectly suited as a primary residence, luxury second home, or high-performing income asset, with the building’s short-term-rental–friendly policy offering attractive revenue potential and owner flexibility. Thoughtfully designed for modern urban living, the unit combines comfort, accessibility, and strong long-term investment appeal in one turnkey offering. Residents and guests enjoy resort-style amenities and hotel-style services in a premier downtown location, just moments from the waterfront, Miami Worldcenter, world-class dining, entertainment, and cultural venues. Whether you’re seeking an elevated lifestyle base, a lock-and-leave second home, or a strategic foothold in one of Miami’s fastest-growing districts, Unit 4115 delivers exceptional value, versatility, and future upside.

Listed by EXP Realty LLC

What It Costs to Own

Monthly, before a mortgage and insurance

Maintenance$862
Property taxes$958
Per month$1,820

Maintenance $862 a month; taxes $11,493 for 2025. MLS figures, which may not be accurate.

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

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 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 ⇅Beds/Baths ⇅SqFt ⇅$/SqFt ⇅Closed Date ⇅

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

Mark Zilbert, Global Real Estate Advisor
Mark Zilbert
Global Real Estate Advisor · ONE Sotheby's International Realty · I track every sale at The Elser Hotel & Residences. Ask me about this residence, the line, or the building.

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.

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 A11957052 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.

Ask Mark
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