Condo in Miami, FL 33132
The Elser Hotel & Residences, 398 NE 5th St #3901

$1.3M15.5%
$1,099,000
3
Beds
3
Baths
1,150
SqFt
Status
Active
Parking
1
Size
1,150 SqFt (107 m2)
Price
$956/SqFt ($10,287/m2)
Type
Condo
Built
2022
HOA
$1,769/MO
MLS Number
A11790416
View
Bay,City,Other,Water
On Site
508 Days
Updated
5 Days ago
Page Views
0
An elegant, high-floor residence created for those who want to experience Miami with ease without the responsibilities of full-time ownership. Perfectly positioned in Downtown Miami, this turnkey unit functions as a refined pied-à-terre for buyers who value proximity to Brickell, Miami Beach, the Design District, and the airport, making arrivals and departures effortless. Whether used as a personal retreat or a flexible city base, the location offers unmatched connectivity to Miami’s most vibrant neighborhoods. When not in residence, owners may participate in professionally managed short-term rental programs, allowing the property to generate income in a fully hands-off manner. This structure is ideal for buyers who prefer simplicity and professional oversight rather than day-to-day rental operations. This is not a traditional investment property, it is a lifestyle-driven asset designed for those seeking flexibility, convenience, and optional revenue without operational complexity. Vacant and available for private showings.

Features

Bedrooms
  • Bedrooms: 3
Bathrooms
  • Bathrooms: 3
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Balcony, SecurityHighImpactDoors
  • View: Bay,City,Other,Water
Interior, Heating and Cooling
  • Interior Features: BuiltInFeatures, BedroomOnMainLevel, ClosetCabinetry, FirstFloorEntry, LivingDiningRoom, MainLivingAreaEntryLevel, ShowerOnly, WalkInClosets, Bar
  • Equipment / Appliances: BuiltInOven, Dryer, Dishwasher, ElectricRange, Microwave, Refrigerator, Washer
  • Heating Description: Central,Electric
  • Cooling Description: CentralAir,Electric
Building and Construction
  • Floor Description: Tile
  • Windows/Treatment: Blinds,ImpactGlass
  • Year Built: 2022
  • Year Built Description: Resale
  • Style: HighRise
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
    Other Property Info
    • Garage: 1
    • Listing Date: 2025-04-24T17:22:47.000-00:00
    • Pets Allowed: Conditional,Yes
    Taxes, Fees & More
    • Maintenance Includes: Amenities, CableTv, Trash, Water
    • Taxes: 22418
    • Security Information: ElevatorSecured, KeyCardEntry, LobbySecured, Other
    • Parking Description: Attached, Garage, OneSpace, Valet
    • Total Floors in Building: 47

    Apples-to-Apples Comparables

     Closest-Match Comparables
    See closest-match comps for this subdivision
    No obligation
    Verified
    Trends
    Insights
    Best of Luxury Realty
    Talk to a local advisor
    Licensed advisors answering your questions across Miami, FL
    01
    Licensed Brokerage
    02
    Local Advisors
    03
    Direct Answers
    Exclusive real estate service partner

    Price History

    Current
    $1.1M
    High
    $1.3M
    Low
    $1.1M
    Total Change
    -15.5%
    $1.3M$1.2M$1.1MApr 25Jun 25Mar 26
    Date
    Event
    Price
    Change
    Price Per
    03/23/2026
    Price Reduced
    $1.1M
    -12.08%
    $956 ft2
    $10,287 m2
    06/18/2025
    Price Reduced
    $1.3M
    -3.85%
    $1,087 ft2
    $11,700 m2
    04/24/2025
    Listed
    $1.3M
     
    $1,130 ft2
    $12,168 m2
    03/23/2026
    $1.1M
    Event
    Price Reduced
    Change
    -12.08%
    Price Per
    $956 ft2
    $10,287 m2
    06/18/2025
    $1.3M
    Event
    Price Reduced
    Change
    -3.85%
    Price Per
    $1,087 ft2
    $11,700 m2
    04/24/2025
    $1.3M
    Event
    Listed
    Price Per
    $1,130 ft2
    $12,168 m2
    Price per square foot and days on website are not provided values and are calculated by Subdivisions.
    Listed by Roberta InglettoRGI Realty • Buyer Agency Compensation .

    Listing Location & Street View
    MapStreet View

    Peer Listings

    Active listings from matched communities
    Results 0 of 0
    No listings found
    Try adjusting your filters or changing your location to see available listings
    Turn on listing alerts and we'll notify you
    when matching listings appear

    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