Property Details
| Sold Price | $365,000 |
|---|---|
| Last Asking Price | $399,000 |
| Price per SqFt | $1,008 |
| Maintenance Fee | $474 Monthly |
| Property Taxes | $9,440 2023 |
| Interior Space | 362 SqFt |
| Beds/Baths | 0/1 |
| Year Built | 2022 |
| Closed Date | 1/27/2026 |
| MLS # | A11892628 |
Location
From the listing
Experience the vibrant energy of downtown Miami in this fully furnished studio at The Elser Hotel and Residences. With modern design and floor-to-ceiling windows showcasing breathtaking views of Biscayne Bay, this unit offers a king-size bed, sofa bed, full kitchen, washer-dryer, and keyless entry for maximum convenience. Residents enjoy access to exceptional amenities, including a wraparound pool with a bar and restaurant, a two-story fitness center, and a jacuzzi. Located just steps away from iconic destinations like the Kaseya Center, Bayside Marketplace, Miami Worldcenter, and Brickell City Center, this studio is not only a luxurious home but also a prime investment opportunity for short-term rentals. CHECK VIRTUAL TOUR
Listed by Novel Management, LLC.
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $474 a month; taxes $9,440 for 2023. MLS figures, which may not be accurate.
Sales History for This Unit · The Elser Hotel & Residences Unit 2016
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 sale among them)
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 |
| 4613 | $580,000$1,625/SqFt | 89% | 12/5/25 |
For a full analysis of past sales in this building, contact Mark Zilbert.
Listed by Novel Management, 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.
Ask Mark About This Listing
The Elser Hotel & Residences Unit 2016, 398 NE 5th Street · MLS A11892628 · Sold Jan 2026
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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 2016 sold at $1,008 per SqFt, below the building's average at the time. Figures compiled by Mark Zilbert, a Miami real estate agent with ONE Sotheby's International Realty, from MLS records.