About This Unit
Beautifully furnished 1-bedroom at The Elser, located on the 21st floor with expansive urban views of Downtown Miami. Ideal for investors or end-users, this unit allows short-term rentals, long-term leases, or full-time living. Modern finishes include porcelain floors, premium appliances, in-unit washer/dryer, and smart keyless entry. The building offers resort-style amenities: a 132-ft pool, state-of-the-art fitness center, co-working spaces, and 24/7 concierge. Located steps from Miami’s top dining, entertainment, and cultural destinations. Virtual tour available. Easy to show. Directly across from Bayside Marketplace and Kaseya Center, and within walking distance to the future Miami Worldcenter, Brightline Station, and Bayfront Park. The Elser is at the epicenter of growth and tourism.
Schedule your private showing at Elser.
Walk the unit with someone who knows this building inside out. Get pricing history, negotiation strategy, and the things the listing won't tell you.
- Elser is a 47-story high-rise at 398 5th St, Miami, FL 33132, built 2022. Currently 55 active listings on the market, with active asking prices ranging up to $2.0M.
- Neighborhood: Downtown Miami. Downtown Miami covers Park West, Worldcenter, and Bayfront -- north of the Miami River, currently in the middle of a master-planned redevelopment that's reshaping the neighborhood through 2028. Lower density than Brickell, bayfront access, and Metromover (free) connecting the district to Brickell.
- Buyer profile here: Buyers willing to wait for the neighborhood to fill in -- tradeoff is lower price for the same building tier vs. Brickell.
- Built 2022 (4 years old).
- Entry-luxury condos with active asking prices up to $2.0M.
- At 47 stories, Elser is among the taller residential structures in Downtown Miami -- high-floor units typically command pricing premiums for unobstructed views.
- Compared anchor: Compared to Brickell (built-out financial district), Downtown is the bet on the next 4 years -- newer construction, 15-30% lower per square foot for similar building quality, less walkable today, more transformation per month.
- Rental rules vary per association in this market -- most Miami-Dade condos require 6 or 12-month minimum leases. Verify per-association before assuming Airbnb potential.
- Pre-offer diligence: Building selection matters more than neighborhood selection here. Look at construction completion timelines for adjacent Worldcenter projects -- they directly affect resale timing.
- Ricky has worked the Downtown Miami market for years and can pull HOA documents, recent comps, and reserve study status on any unit you're considering. Text (305) 33-RICKY -- that's (305) 337-4259 -- for a same-week walk-through.
| Date | Price | Type |
|---|---|---|
| Dec 2023 | $844,000 | arm’s-length |
