Condo in Miami, FL 33132
The Elser Hotel & Residences, 398 NE 5th St #2007

Studio
Beds
1
Baths
442
SqFt
$1,310
$/SqFt
Ultra Luxury Condo
Built in 2022
1 Parking
Bay View
$600/mo HOA
High Rise
Balcony
Turnkey Investment Opportunity at The Elser Hotel & Residences — Unit 2007 Fully furnished, turnkey studio residence at The Elser, ideally positioned with sweeping views of the Kaseya Center skyline and partial Biscayne Bay water views. This designer-finished unit features a king-size bed, sofa bed, full kitchen, in-unit washer/dryer, and secure keyless entry — ready to generate income from day one. Enrolled in The Elser's professionally managed short-term rental program with a proven, documented income history, this is a rare opportunity to own real, verified cash flow rather than a projection. Investor-friendly building with flexible daily, weekly, and long-term rental permissions. Residents and guests enjoy resort-caliber amenities including a wraparound rooftop pool with bar and restaurant, two-story fitness center, 24/7 concierge, valet parking, and Beach Club access. Unbeatable Downtown Miami location steps from Kaseya Center, Bayside Marketplace, the Brightline station, and Biscayne Bay, bringing global demand to Downtown Miami's short-term rental market. Whether for personal use, a pied-à-terre, or a high-performing investment asset, Unit 2007 offers a rare blend of location, view, and income potential in one of Miami's most in-demand condo-hotel addresses.
MLS Number: A12055966
On Site: 60 Days
Updated: 9 Days ago
Page Views: 0

Features

Bedrooms
  • Bedrooms: No info
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Balcony, SecurityHighImpactDoors
  • View: Bay
Interior, Heating and Cooling
  • Interior Features: BuiltInFeatures, BedroomOnMainLevel, ClosetCabinetry, FirstFloorEntry, LivingDiningRoom, Bar
  • Equipment / Appliances: Dryer, Dishwasher, ElectricRange, Microwave, Washer
  • Heating Description: Central
  • Cooling Description: CentralAir
Building and Construction
  • Windows/Treatment: Blinds, ThermalWindows, ImpactGlass
  • Year Built: 2022
  • Year Built Description: Effective Year Built
  • Style: HighRise
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
    Other Property Info
    • Garage: 1
    • Listing Date: 2026-07-20T13:27:07.000-00:00
    • Pets Allowed: Conditional,Yes
    Taxes, Fees & More
    • Maintenance Includes: AssociationManagement, Amenities, CommonAreas, Internet, MaintenanceGrounds, MaintenanceStructure, Pools, RecreationFacilities, ReserveFund, Roof, Sewer, Security, Trash, Water
    • Taxes: 9430
    • Security Information: DoorMan, ElevatorSecured, FireAlarm, SecuredGarageParking, LobbySecured, SecurityGuard, FireSprinklerSystem
    • Parking Description: Valet
    • Total Floors in Building: 49
    • Total Units in Complex: 646

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    Price History

    Current
    $579K
    High
    $650K
    Low
    $579K
    Total Change
    -10.9%
    $659K$615K$570KJul 26Aug 26
    Date
    Event
    Price
    Change
    Price Per
    08/02/2026
    Price Reduced
    $579K
    -10.92%
    $1,310 ft2
    $14,100 m2
    07/18/2026
    Listed
    $650K
     
    $1,471 ft2
    $15,829 m2
    08/02/2026
    $579K
    Event
    Price Reduced
    Change
    -10.92%
    Price Per
    $1,310 ft2
    $14,100 m2
    07/18/2026
    $650K
    Event
    Listed
    Price Per
    $1,471 ft2
    $15,829 m2
    Price per square foot and days on website are not provided values and are calculated by Subdivisions.
    Listed by Alvaro Del BustoEXP Realty LLC • Buyer Agency Compensation .

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    Scores

    Walk Score®
    Walker's Paradise. Daily errands do not require a car
    96

    100
    Transit Score®
    Rider's Paradise. World-class public transportation
    99

    100
    Bike Score®
    Very Bikeable. Biking is convenient for most trips
    77

    100
    Sound Score®
    Very loud
    65

    100
    Airport Score
    Close to airports. Noticeable airport activity
    0

    100
    Traffic Score
    Congested area. Frequent traffic delays
    46

    100
    Local Score
    Limited local amenities nearby
    2

    100
    Community Snapshot
    Studio – 3 BR
    Bedrooms
    $449K – $1.7M
    Price Tier
    341 - 32,286
    SqFt Range
    2022
    Year Build
    49
    Total Floors

    Subdivision Amenities

    Barbecue
    Cabana
    Clubhouse
    Elevators
    Fitness Center
    Hobby Room
    Management
    Playground
    Pool
    Sauna
    Trash

    Miami
    Ultra Luxury
    Ultra Luxury Homes & Condos