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

Own in The Elser Hotel & Residences?
Studio
Beds
1
Baths
442
SqFt
$1,219
$/SqFt
Ultra Luxury Condo
Built in 2022
1 Parking
Bay View
$600/mo HOA
High Rise
Balcony
NEW PRICE — Turnkey investment opportunity at The Elser with documented rental history and immediate participation in the building’s established hotel rental program. Unit 2007 is a fully furnished 442 SF hotel unit offering Kaseya Center skyline and partial Biscayne Bay views, a king-size bed, sofa bed, full kitchen, in-unit washer/dryer and secure keyless entry. Unlike purchasing new construction and waiting for completion, this is a completed 2022 property with an operating rental program and actual rental history available for buyer review. The unit is currently enrolled in The Elser’s professionally managed short-term rental program, offering flexible daily, weekly and long-term rentals together with personal-use flexibility. Amenities include a wraparound pool deck, bar and restaurant, two-story fitness center, 24/7 concierge, valet parking and Beach Club access. Ideally located in Downtown Miami near Kaseya Center, Bayside Marketplace, Brightline and Biscayne Bay.
MLS Number: A12055966
On Site: 86 Days
Updated: 22 Days ago
Page Views: 0
See something off? Wrong price, photos, beds, or a status that already changed.

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
    $539K
    High
    $650K
    Low
    $539K
    Total Change
    -17.1%
    $663K$595K$526KJul 26Aug 26Sep 26
    Date
    Event
    Price
    Change
    Price Per
    09/21/2026
    Price Reduced
    $539K
    -6.91%
    $1,219 ft2
    $13,126 m2
    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
    09/21/2026
    $539K
    Event
    Price Reduced
    Change
    -6.91%
    Price Per
    $1,219 ft2
    $13,126 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 Busto • EXP Realty LLC • Buyer Agency Compensation .
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    Community Snapshot
    Studio – 3 BR
    Bedrooms
    $489K – $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

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