About This Unit
Welcome to THE ELSER Residences, where a rare and captivating direct water view one-bedroom residence awaits. This remarkable unit is thoughtfully delivered completely turn-key. The owners need only their personal belongings. The luxurious features of this stunning abode, include 9+ foot ceilings, quartz countertops, and elegant porcelain wood-grain tile flooring. The kitchen is adorned with sophisticated Italkraft cabinets, and fully built-out closets provide ample storage for all your needs. Pamper yourself in the modern bathrooms featuring frameless glass showers, and experience the convenience of keyless entry. Embrace the panoramic vistas, the top-notch amenities, and the vibrant spirit of Downtown Miami that awaits you in this extraordinary residence.
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 |
|---|---|---|
| Jul 2023 | $1,054,800 | arm’s-length |
