About This Unit
WELCOME TO THE ELSER HOTEL & RESIDENCES, WHERE LUXURY MEETS LIFESTYLE IN THE HEART OF DOWNTOWN MIAMI. THIS EXCLUSIVE ROW 10 CONDO OFFERS AN UNPARALLELED LIVING EXPERIENCE WITH RESORT-STYLE AMENITIES, BREATHTAKING VIEWS, AND DESIGNER FINISHES THROUGHOUT. STEP INTO A WORLD OF SOPHISTICATION WITH FULLY FURNISHED, TURNKEY RESIDENCES THAT FEATURE MODERN OPEN LAYOUT, FLOOR TO CEILING WINDOWS, SMART HOME TECHNOLOGY AND A PRIVATE BALCONY SHOWCASING PANORAMIC VIEW OF BISCAYNE BAY. WORLD CLASS AMENITIES INCLUDING ROOFTOP INFINITY POOL, CABANAS, FITNESS CENTER, YOGA STUDIO, AND WELLNESS LOUNGE, SPA, CONFERENCE ROOMS, AND CO WORKING SPACES . WHETHER YOU ARE SEEKING A PRIMARY HOME OR AN INCOME - GENERATING PROPERTY THROUGH SHORT TERM RENTAL FLEXIBILITY, THE ELSER OFFERS THE ULTIMATE MIAMI LIFESTYLE.
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 |
|---|---|---|
| Jun 2023 | $1,040,000 | arm’s-length |
