The Elser Hotel & Residences, 398 NE 5th St #2503, Miami, FL 33132

510,000(-0.2% )
StudioBeds
1Baths
439SqFt

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Details

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Status:
Active
Parking: 1
Size: 439 SqFt (41 m2)
Price: $1,159/SqFt ($12,480/m2)
Type: Condo
Built: 2022
HOA: $455/MO
MLS Number: R11094556
View: Bay
On Site: 75 Days
Updated: 10 Days ago
Page Views: 0
NEW CONSTRUCTION ~Blt. 2022
Enjoy the best of both worlds--own your miami pied-a-terre and generate income through the on-site hotel rental program whenever you're away! Experience the perfect blend of luxury and investment at the elser hotel & residences in downtown miami! This fully furnished studio offers modern decor, a king-size bed, pull-out couch, and a sleek kitchen with high-end appliances. Enjoy stunning views of biscayne bay and miami beach. Approved for short-term rentals (airbnb/vrbo), it's ideal for investors and vacationers alike. Amenities include a wrap-around pool, 2-story gym, rooftop lounge, valet, and concierge. Steps from bayside, kaseya center, port of miami, and more. Own a turn-key gem in the heart of miami's most vibrant neighborhood!
Features
Bedrooms
  • Bedrooms: No info
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Balcony
  • View: Bay
Interior, Heating and Cooling
  • Interior Features: ClosetCabinetry
  • Equipment / Appliances: Dryer, Dishwasher, ElectricRange, Disposal, Microwave, WasherDryer, Washer
  • Heating Description: Central,Electric
  • Cooling Description: CentralAir,Electric
Building and Construction
  • Floor Description: Tile
  • Windows/Treatment: ImpactGlass
  • Year Built: 2022
  • Year Built Description: Resale
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
    Other Property Info
    • Garage: 1
    • Listing Date: 2025-05-28T20:50:19.000-00:00
    • Pets Allowed: Yes
    Taxes, Fees & More
    • Maintenance Includes: CommonAreas, CableTv, HotWater, MaintenanceStructure, Parking, Pools, Security, Trash, Water
    • Taxes: 11179
    • Security Information: DoorMan, SmokeDetectors
    • Parking Description: Assigned,Covered
    • Total Floors in Building: 49

    Price History

    07/31/2025

    Date

    Price Reduced

    Event

    $509K

    Price

    -0.2%

    Change Rate

    $1,159 ft2 / $12,480 m2

    Price Per

    07/23/2025

    Date

    Price Reduced

    Event

    $510K

    Price

    -7.27%

    Change Rate

    $1,162 ft2 / $12,505 m2

    Price Per

    07/21/2025

    Date

    Price Reduced

    Event

    $550K

    Price

    -6.62%

    Change Rate

    $1,253 ft2 / $13,486 m2

    Price Per

    05/28/2025

    Date

    Listed

    Event

    $589K

    Price

    $1,342 ft2 / $14,442 m2

    Price Per

    Price per square foot and days on website are not provided values and are calculated by Subdivisions.

    Listed by Gulay OzerHeartland Realty Group LLC • Buyer Agency Compensation .

    Instant Comps

    $900/ft²
    $1,100/ft²
    $1,400/ft²
    $1,700/ft²

    Unit #2503 – Asking

    $1,159/ft²

    (-32%) from Closed Avg. $/ft²

    Closed Avg. $/ft²

    $1,697/ft²
    Community $/Price Range (Closed) $1041/ft² – $1589/ft²
    UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
    # 29031/1439$1,629NortheastCity, Water, Bay$715,0002/29/2024
    # 35031/1439$1,715NortheastCity, Water, Bay$753,00012/19/2023
    # 38031/1439$1,729NortheastCity, Water, Bay$759,00012/19/2023
    # 46031/1439$1,708NortheastCity, Water, Bay$750,00012/19/2023
    # 28031/1439$1,617NortheastCity, Water, Bay$710,00011/29/2023
    # 24031/1439$1,663NortheastCity, Water, Bay$730,0008/30/2023
    # 36031/1439$1,705NortheastCity, Water, Bay$748,3008/30/2023
    # 39031/1439$1,736NortheastCity, Water, Bay$762,2008/30/2023
    # 47031/1439$1,775NortheastCity, Water, Bay$779,3008/30/2023
    Unit: # 2903
    Bed/Bath: 1/1Size SqFt: 439$/SqFt: $1,629Exposure: NortheastView: City, Water, BaySold: $715,000Closed Date: 2/29/2024
    Unit: # 3503
    Bed/Bath: 1/1Size SqFt: 439$/SqFt: $1,715Exposure: NortheastView: City, Water, BaySold: $753,000Closed Date: 12/19/2023
    Unit: # 3803
    Bed/Bath: 1/1Size SqFt: 439$/SqFt: $1,729Exposure: NortheastView: City, Water, BaySold: $759,000Closed Date: 12/19/2023
    Unit: # 4603
    Bed/Bath: 1/1Size SqFt: 439$/SqFt: $1,708Exposure: NortheastView: City, Water, BaySold: $750,000Closed Date: 12/19/2023
    Unit: # 2803
    Bed/Bath: 1/1Size SqFt: 439$/SqFt: $1,617Exposure: NortheastView: City, Water, BaySold: $710,000Closed Date: 11/29/2023
    Unit: # 2403
    Bed/Bath: 1/1Size SqFt: 439$/SqFt: $1,663Exposure: NortheastView: City, Water, BaySold: $730,000Closed Date: 8/30/2023
    Unit: # 3603
    Bed/Bath: 1/1Size SqFt: 439$/SqFt: $1,705Exposure: NortheastView: City, Water, BaySold: $748,300Closed Date: 8/30/2023
    Unit: # 3903
    Bed/Bath: 1/1Size SqFt: 439$/SqFt: $1,736Exposure: NortheastView: City, Water, BaySold: $762,200Closed Date: 8/30/2023
    Unit: # 4703
    Bed/Bath: 1/1Size SqFt: 439$/SqFt: $1,775Exposure: NortheastView: City, Water, BaySold: $779,300Closed Date: 8/30/2023
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