The Elser Hotel & Residences, 398 NE 5th St #4207
Closed
Studio
Beds1
Baths442
SqFt$1,222
$/SqFtUltra Luxury CondoProperty Type
2022Year Built
$1,222/SqFtPrice per sq ft
$679/moHOA Fees
1 carParking Spaces
Bay, Intercoastal, OtherView
The best investments begin with vision. One of the best-priced residences at The Elser , this fully furnished turnkey residence is professionally managed for short-term rentals, offering a seamless ownership experience in the heart of Downtown Miami. Ideally positioned along Biscayne Boulevard , adjacent to the iconic Waldorf Astoria Residences Miami and surrounded by transformative developments including Miami Worldcenter , Brightline, Kaseya Center and Bayside. Perfectly situated within one of Miami's most prestigious luxury growth corridors, this residence presents an exceptional opportunity to enjoy today while investing in tomorrow.
Listing Courtesy Of: Related General Realty, LLC.
Local Realty Services Provided By: Best of Luxury Realty
On Site: 474 DaysUpdated: 59 Days agoPage Views: 0
Features
MLS Number: A11829784
Bedrooms
- Bedrooms: No info
Bathrooms
- Bathrooms: 1
- Half Bathrooms: No info
Exterior and Lot Features
- Exterior Features: Balcony, SecurityHighImpactDoors
- View: Bay, Intercoastal, Other
Interior, Heating and Cooling
- Interior Features: FirstFloorEntry, Elevator
- Equipment / Appliances: Dryer, Dishwasher, Microwave
- Heating Description: Electric
- Cooling Description: CentralAir
Building and Construction
- Floor Description: CeramicTile
- Year Built: 2022
- Year Built Description: Effective Year Built
Waterfront and Water Access
- Waterfront Frontage: Yes
School Information
Other Property Info
- Garage: 1
- Listing Date: 2025-07-08T15:08:01.000-00:00
- Pets Allowed: Conditional,Yes
Taxes, Fees & More
- Maintenance Includes: Amenities, CommonAreas, CableTv
- Taxes: 11772
- Security Information: ElevatorSecured, LobbySecured, Other
- Parking Description: OneSpace
- Total Floors in Building: 49
Apples-to-Apples Comparables
Price History
Current
$540K
High
$600K
Low
$540K
Total Change
-10%Date
Event
Price
Change
Price Per
08/24/2026
Sold
$540K
0%$1,222 ft2
$13,151 m2
05/18/2026
Price Reduced
$540K
-7.69%$1,222 ft2
$13,151 m2
05/18/2026
Price Reduced
$585K
0%$1,324 ft2
$14,246 m2
05/18/2026
Price Increased
$585K
3.54%$1,324 ft2
$14,246 m2
11/24/2025
Price Reduced
$565K
-5.83%$1,278 ft2
$13,759 m2
06/26/2025
Listed
$600K
 $1,357 ft2
$14,612 m2
08/24/2026
$540K
Event
Sold
Change
0%Price Per
$1,222 ft2
$13,151 m2
05/18/2026
$540K
Event
Price Reduced
Change
-7.69%Price Per
$1,222 ft2
$13,151 m2
05/18/2026
$585K
Event
Price Reduced
Change
0%Price Per
$1,324 ft2
$14,246 m2
05/18/2026
$585K
Event
Price Increased
Change
3.54%Price Per
$1,324 ft2
$14,246 m2
11/24/2025
$565K
Event
Price Reduced
Change
-5.83%Price Per
$1,278 ft2
$13,759 m2
06/26/2025
$600K
Event
Listed
Price Per
$1,357 ft2
$14,612 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Claudia Montenegro • Related General 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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- Shenandoah Manor House2
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- Tamiami Highlands House0
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- The Metropolitan Condo5
- The Niche Condo1
- The Palace Condo5
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- The Sail On Brickell Condo7
- The Yorker Condo2
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- Trail Granada House2
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- Two Midtown Miami Condo15
- Villa Brickell Condo2
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- Villaggio In The Grove Tower Condo4
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- Villas Margarita Townhouse0
- Virginia Oaks Condo0
- Vizcayne North Condo22
- Vizcayne South Condo29
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- Waddells Mixed4
- Waldin Acres House2
- Walkers House1
- Washburns Multifamily1
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- West Flagler Center Le Jeune House0
- West Flagler Park House7
- Westlawn House2
- Westmoor House2
- Westmoreland Mixed6
- Wind Condo26
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- Winona Park House4
- Zena Gardens House0
High-End
High-End137
- 1010 Brickell Condo16
- 1600 South Bayshore Ln Condo0
- 2977 Bridgeport Ave Condo0
- 900 Biscayne Bay Condo15
- Abitare Townhouse0
- Acadia House6
- Ademar Park House4
- Apogee Townhouse0
- Aria On The Bay Condo30
- Asia Condo13
- Athens House0
- Bay Heights House4
- Bayshore House9
- Bayshore Plaza House2
- Biltmore House6
- Biscayne Beach Condo19
- Brentwood House5
- Brickell Broadway Villas Townhouse0
- Brickell Estates House12
- Brickell Heights East Mixed28
- Brickell Heights West Condo24
- Brickell House Condo14
- Brickell Terrace Condo1
- Brickells Flagler House2
- Bristol Tower Condo10
- Buena Vista Drive Multifamily1
- Buena Vista Estates Mixed1
- Buena Vista Heights House13
- Carbonell Condo17
- Carolina Court House1
- Carolina Park House0
- Carters Townhouse4
- Coconut Avenue Villas Townhouse0
- Coconut Developers Townhouse5
- Crystal Heights House1
- Davis Harbor House2
- Day Avenue Area Townhouse0
- De Hedouvilles House1
- Eleven In The Roads Condo1
- Epic Hotel & Residences Condo27
- Fairview House1
- Four Seasons Hotel Condo9
- French Village In The Grove Townhouse0
- GlassHaus In The Grove Condo0
- Gran Paraiso Condo21
- Grapeland Park House1
- Grove Enclave Townhouse0
- Grove Garden Residences Condo1
- Grove Hill Tower Condo0
- Grove Isle Condo17
- Grove Palms Condo2
- Grove Paradise Townhouse0
- Grove Square Condo0
- Grove Towers Condo3
- Grove Villas Mixed0
- Groveloft Condo0
- Hardie Grove House4
- Holleman Park House10
- Hyde Midtown Condo35
- Icon Brickell Tower 1 Condo50
- Icon Brickell Tower 3 Condo37
- Jade Residences At Brickell Bay Condo19
- Kingsway Mixed1
- Kumquat Village House0
- L'Hermitage Mixed1
- Lofts At Mayfair Condo3
- Longview Villas House0
- Magnolia Park Townhouse1
- Maison Grove Townhouse0
- Malcolm Peacocks Townhouse0
- Mayfield Condo0
- Mediterraneo In The Grove Townhouse0
- Milledge Heights House0
- Missoni Baia Condo23
- Mutiny Park Hotel Arya Condo6
- Natiivo Miami Condo68
- New Belle Meade House1
- Ohio Street Area Townhouse1
- One Bay Residences Mixed2
- One Paraiso Condo11
- One Tequesta Point Condo6
- Overbrook Park Multifamily3
- Palm Terrace Townhouse0
- Paraiso Bay Condo25
- Paraiso Bayviews Condo37
- Paramount Bay Condo14
- Parisian Village In The Grove Townhouse0
- Park Plaza House1
- Percival Gardens House0
- Portofino Townhouse0
- Provence Village In The Grove Townhouse0
- Quadro Condo23
- Reach Brickell City Centre Condo27
- Residences At Riverwalk Condo1
- Rhodes House0
- Rise Brickell City Centre Mixed40
- Ritz Carlton South Beach Condo0
- Robbins-Graham & Chillingsworth Land1
- Rock Reef House0
- Rosemount Multifamily2
- Santa Maria Condo2
- Sawyer & Roberts Multifamily0
- Serendipity In The Grove Townhouse0
- Shore Acres House2
- Silver Bluff Estates House8
- SLS Brickell Condo43
- SLS Lux Brickell Condo49
- Smart Brickell 1 Condo9
- South Bay Terrace Mixed1
- South Two Seven Lofts Condo1
- South Vedado House0
- St Louis Condo0
- Stirrup Grove Mixed0
- Stuart Terrace House1
- Tamiami Heights House1
- The Bond On Brickell Condo18
- The Coconut Grove Bayshore Condo0
- The Grove Club Condo1
- The Mutiny Condo5
- The Oaks Townhouse0
- The Orange Grove Townhouse0
- The Plaza On Brickell East Condo17
- Three Tequesta Point Condo11
- Tigertail Bay Condo1
- Tigertail Place Condo0
- Two Tequesta Point Condo5
- Utopia House2
- Victory Homesites Mixed1
- Villas At Buena Vista Mixed1
- Virginia Pointe Condo0
- Washington Place House2
- Waterbury House1
- Woodcrest House2
- Woodside Multifamily2
- Wyndwood Park Mixed25
- Yacht Harbour Condo3
- YotelPad Miami Condo24
Miami, FL Nearby Cities
$3.8M - $57M
$8K - $48K
$2K - $110M
$2K - $495K
$999K - $23.5M
$30K - $35K
$130K - $2M
$2K - $4K
$110K - $850K
$0 - $0