Owner & SellerHome ValuePricing

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

Own in The Elser Hotel & Residences?
Own in The Elser Hotel & Residences?
Closed
$475,000
$114K
Estimate Payment $3,788Closing Costs
1
Beds
1
Baths
439
SqFt
$1,082
$/SqFt
Ultra Luxury CondoProperty Type
2022Year Built
$1,082/SqFtPrice per sq ft
$455/moHOA Fees
1 carParking Spaces
BayView
Enjoy the best of both worlds—own your Miami pied-à-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 décor, 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!
Listing Courtesy Of: Heartland Realty Group LLC
Local Realty Services Provided By: Best of Luxury Realty
On Site: 515 DaysUpdated: 67 Days agoPage Views: 0

Features

MLS Number: R11094556
Bedrooms
  • Bedrooms: 1
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Balcony, OutdoorLivingArea
  • View: Bay
Interior, Heating and Cooling
  • Interior Features: ClosetCabinetry,None
  • Equipment / Appliances: Dryer, Dishwasher, ElectricRange, Disposal, Microwave, Washer
  • Heating Description: Central,Electric
  • Cooling Description: CentralAir,Electric
Building and Construction
  • Year Built: 2022
Waterfront and Water Access
  • Waterfront Frontage: Yes
School Information
    Other Property Info
    • Garage: 1
    • Listing Date: 2025-05-28T21:50:19.000-00:00
    • Directions: East
    • Pets Allowed: Yes
    Taxes, Fees & More
    • Maintenance Includes: CommonAreas, CableTv, HotWater, MaintenanceGrounds, Security, Trash, Water
    • Taxes: 11178.5
    • Security Information: SecuritySystem, FireAlarm, GatedCommunity, LobbySecured, SmokeDetectors
    • Parking Description: Assigned, Covered, Garage
    • Total Floors in Building: 49

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    Price History

    Current
    $475K
    High
    $589K
    Low
    $475K
    Total Change
    -19.4%
    $603K$532K$461KMay 25Jul 25Jul 25Jul 25Sep 25Sep 25Sep 25Dec 25
    Date
    Event
    Price
    Change
    Price Per
    12/15/2025
    Sold
    $475K
    0%
    $1,082 ft2
    $11,647 m2
    09/16/2025
    Price Reduced
    $475K
    -4.04%
    $1,082 ft2
    $11,647 m2
    09/16/2025
    Price Reduced
    $495K
    -2.56%
    $1,128 ft2
    $12,137 m2
    09/05/2025
    Price Reduced
    $508K
    -0.2%
    $1,157 ft2
    $12,456 m2
    07/31/2025
    Price Reduced
    $509K
    -0.2%
    $1,159 ft2
    $12,480 m2
    07/23/2025
    Price Reduced
    $510K
    -7.27%
    $1,162 ft2
    $12,505 m2
    07/21/2025
    Price Reduced
    $550K
    -6.62%
    $1,253 ft2
    $13,486 m2
    05/28/2025
    Listed
    $589K
     
    $1,342 ft2
    $14,442 m2
    12/15/2025
    $475K
    Event
    Sold
    Change
    0%
    Price Per
    $1,082 ft2
    $11,647 m2
    09/16/2025
    $475K
    Event
    Price Reduced
    Change
    -4.04%
    Price Per
    $1,082 ft2
    $11,647 m2
    09/16/2025
    $495K
    Event
    Price Reduced
    Change
    -2.56%
    Price Per
    $1,128 ft2
    $12,137 m2
    09/05/2025
    $508K
    Event
    Price Reduced
    Change
    -0.2%
    Price Per
    $1,157 ft2
    $12,456 m2
    07/31/2025
    $509K
    Event
    Price Reduced
    Change
    -0.2%
    Price Per
    $1,159 ft2
    $12,480 m2
    07/23/2025
    $510K
    Event
    Price Reduced
    Change
    -7.27%
    Price Per
    $1,162 ft2
    $12,505 m2
    07/21/2025
    $550K
    Event
    Price Reduced
    Change
    -6.62%
    Price Per
    $1,253 ft2
    $13,486 m2
    05/28/2025
    $589K
    Event
    Listed
    Price Per
    $1,342 ft2
    $14,442 m2
    Price per square foot and days on website are not provided values and are calculated by Subdivisions.
    Listed by Gulay Ozer • Heartland Realty Group 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

    Billiards
    Billiards
    Business Center
    Business Center
    Picnic Area
    Picnic Area
    Spa/Hot Tub
    Spa/Hot Tub
    Barbecue
    Cabana
    Clubhouse
    Elevators
    Fitness Center
    Hobby Room
    Management
    Playground
    Pool
    Sauna
    Trash

    All Miami, FL
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    Other Miami, FL Homes & Condos Price Range Segments

    Entry-Level
    Entry-Level85
    Premium
    Premium224
    Mid-Tier
    Mid-Tier340
    High-End
    High-End137

    Miami, FL Nearby Cities

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    The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity' Program of the Regional Multiple Listing Service of Miami Dade, Broward, Palm Beach, Collier and Lee Counties. Not all listings found on this site are necessarily listed through Subdivisions.com. Real estate listings held by brokerage firms other than Subdivisions.com are marked with the Broker Reciprocity' logo or the Broker Reciprocity' thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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