+60 more
About This Unit
The only four-bedroom residence in the building! This turnkey home features elegant finishes, an oversized chef’s kitchen island, Italian cabinetry, custom closets, and sweeping panoramic views of the city and Biscayne Bay. Located steps from Miami Worldcenter, Bayside, Kaseya Center, and top dining, shopping, and business hubs. The building offers exceptional amenities including a two-level fitness center, a 125-foot resort-style pool, on-site restaurants, and more. Perfect as a primary residence, second home, or income-producing property with short- and long-term rental flexibility.
Time on Market — 84 days
Elser Unit 3718-3719 has been on the market for 84 days.
Building-level pace data is thin for this bedroom count.
Estimated Monthly Cost
Mortgage (P&I)
$10,855
HOA
$2,709
Property Tax
$3,126
Total / mo
$16,691
Assumes 7.20% rate on 20% down (30-year fixed).
Tax effective rate 1.88%.
HOA $null/sqft · All-in $null/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
Building Age: Built in 2023 (3 years old).
Ricky will verify all of the above with the HOA before closing.
🏛 Property Tax Reset
The current owner pays approximately $6,767/yr in property tax thanks to a $657,767 Save Our Homes assessment cap (Florida shelters long-time owners from market-value increases).
On purchase, your assessment resets to full market value — expect roughly $19,922/yr, about 2.9× the current owner’s bill.
Estimate uses Miami-Dade’s ~2% effective millage; your actual bill depends on the millage in the year you close and any homestead exemption you may qualify for.
Building: Elser
Unit: 3718-3719
Year Built: 2023
Stories: 47
City: Miami
Postal Code: 33132
HOA Fee: $2,709 / Monthly
View: Bay
Waterfront: Yes
Private Pool: No
Heating: Central
Cooling: Central Air
Days on Market: 84
Listed: December 30, 2025
MLS #: A11936643
Location
Listing courtesy of: Pulse Int'l Realty FL Inc
Information provided by Miami Association of Realtors / SEFMLS • Deemed reliable but not guaranteed • MLS #: A11936643
• Updated Mar 25, 2026
