Property Details
| Asking Price | $1,379,000 |
|---|---|
| Price per SqFt | $1,686 |
| Maintenance Fee | $1,511 Monthly |
| Property Taxes | $23,136 2025 |
| Interior Space | 818 SqFt |
| Beds/Baths | 2/2 |
| Year Built | 2022 |
| MLS # | A12057376 |
Location
From the listing
Breathtaking high-floor coastal living awaits in the heart of Downtown Miami. Welcome to Unit 3711 at The Elser, an exquisite 2-bedroom, 2-bathroom corner oasis completely finished and furnished by Cotofana Designs. Floor-to-ceiling glass floods the space with natural light, framing dramatic, endless views of Biscayne Bay. The sleek, modern kitchen features custom Italkraft cabinetry, quartz countertops, and Frigidaire stainless appliances. Enjoy absolute flexibility: occupy as your personal luxury residence or generate top-tier passive income via the building's professionally managed 5-star short-term rental program. Five-star building amenities include a wrap-around resort pool deck, private lounges, outdoor theater, bar restaurant terrace, and valet parking. Minutes to Brickell, Wynwood, and Miami International Airport. Move-in or rent-ready on day one! Featuring a zero-restriction daily rental policy, this turnkey property is a premier short-term rental powerhouse.
Listed by Xcellence
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $1,511 a month; taxes $23,136 for 2025. MLS figures, which may not be accurate.
Sales History for This Unit · The Elser Hotel & Residences Unit 3711
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A11586615 | $1,300,000 | 2/19/25 |
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 (3711) is asking $1,686/SqFt
Below, the most recent sales most like this unit: units with the same bedroom count.
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed Date ⇅ |
|---|---|---|---|
| 3709 | $1,150,000$1,170/SqFt | 96% | 4/27/26 |
| 3709 | $1,150,000$1,170/SqFt | 96% | 4/24/26 |
| 4209 | $1,500,000$1,526/SqFt | 81% | 2/28/25 |
| 3711 | $1,300,000$1,589/SqFt | 96% | 2/19/25 |
For a full analysis of past sales in this building, contact Mark Zilbert.
Listed by Xcellence. 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 3711, 398 NE 5th Street · MLS A12057376 · $1,379,000
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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 3711 asks $1,686 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.