THE ELSER
398 NE 5th Street # 2503, Miami FL 33132
1 beds · 1 baths · 439 ft²
1
Bedrooms
1
Bathrooms
439
Sq. Ft.
2022
Year Built
1
Garage
49
Stories
138
Days on Market
Description
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!
Facts
- MLS#
- R11094556
- Subdivision
- THE ELSER
- Property Type
- Residential
- Property Sub Type
- Condominium
- Year Built
- 2022
- Lot Size
- 0 sqft
- Sq. Ft.
- 439 ft²
- Sq. Mt.
- 41 m²
- Price per sq. ft.
- $1,128/ft²
- Price per sq. mt.
- $12,073/m²
- Stories
- 49
- Garage
- 1 spaces
- Pool
- Private
- Days on Market
- 138 days
- Listed
- May 28, 2025
- Last Updated
- Aug 12, 2026
- Price/Lot Sq.Ft.
- —
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Market insights for Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
August 2026
52
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 8/12/2026 | Sold | $495,000 |
| 9/17/2025 | Price change | $495,000-16.0% |
| 5/28/2025 | Listed for sale | $589,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
Estimated Monthly Payment
$3,197/mo
Principal & Interest
$2,635
Property Tax
$413
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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