+25 more
About This Unit
Discover Unit 2717 at The Elser Hotel & Residences, a spacious and highly versatile 2-Bedroom + large Den residence legally configured and recognized as a true 3-Bedroom unit. With 3 full bathrooms and the ability to comfortably accommodate up to 8 guests per night, the generously sized den can be easily divided. Delivered in pristine, like-new condition and sold fully furnished with all necessary equipment. Currently enrolled in the building's hotel management program, this residence delivers excellent occupancy rates and strong returns. Detailed performance statements and revenue history available upon request. A rare turnkey investment opportunity in the heart of Downtown Miami with no rental restrictions!
Pricing at Elser — $1,437/sqft
Elser Unit 2717 is listed at $1,437/sqft.
Building-level comparison data is thin for this bedroom count — see Recent Comparable Sales below.
Based on live MIAMIRE active & closed listings at Elser.
Time on Market — 0 days
Elser Unit 2717 has been on the market for 0 days.
Building-level pace data is thin for this bedroom count.
Estimated Monthly Cost
Mortgage (P&I)
$8,140
HOA
$1,220
Property Tax
$1,773
Total / mo
$11,133
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.42%.
HOA $1.17/sqft · All-in $10.67/sqft / month.
Excludes wind / flood / contents insurance — verify your actual rate with a lender.
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.
That's (305) 337-4259 • Available 7 days a week
Insider Notes from Ricky
- 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.
What to Verify
Flood Zone: This unit is in flood zone X. Outside the Special Flood Hazard Area — low-to-moderate risk; insurance optional but recommended.
Building Age: Built in 2024 (2 years old).
Ricky will verify all of the above with the HOA before closing.
⚡ Possible Flip
15 months ago the current owner paid $1,222,000. They’re now asking +22.7% over that — $277,000 more in 15 months.
(Most recent transfer was unqualified — could be a trust transfer rather than an arm’s-length sale.)
Sales History
| Date | Price | Type |
|---|---|---|
| Jan 2025 | $1,222,000 | Atypical exposure to market; atypical motivation |
Source: Miami-Dade Property Appraiser. This unit owns 0.2641% of the building’s common elements. County living area: 1,043 sqft.
Building: Elser
Unit: 2717
Year Built: 2024
Stories: 55
City: Miami
Postal Code: 33132
HOA Fee: $1,220 / Monthly
View: Bay, Intracoastal View, Ocean View
Waterfront: Yes
Private Pool: No
Heating: Central, Other
Cooling: Other
Days on Market: 0
Listed: January 12, 2026
MLS #: A11943473
Location
Listing courtesy of: COSMORE Florida Corp.
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11943473
• Updated Jan 12, 2026
