REHUB Miami
The Elser Hotel & Residences
Condos for Sale & for Rent in Downtown Miami
398 NE 5th St, Miami, FL 33132
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REHUB Miami
The Elser Hotel & Residences
Condos for Sale & for Rent in Downtown Miami
398 NE 5th St, Miami, FL 33132
1 / 30
UNITS646
STORIES49
YEAR BUILT2022
Building Amenities
About The Elser Hotel & Residences
The Elser Hotel & Residences is a 49-story condo-hotel tower at 398 NE 5th Street in Downtown Miami, developed by Property Markets Group and Greybrook and designed by Sieger Suarez Architects with interiors by Cotofana Designs. Completed in 2022, it holds 646 furnished residences, according to Miami-Dade property records, most of them studios and one-bedrooms. Planned as rental apartments and launched in 2022 as furnished condominiums, the building lets owners rent their units short-term, and the hotel is operated by Highgate. A rebuilt sanctuary for First United Methodist Church of Miami occupies the lower floors. Amenities include a 132-foot pool, a two-level fitness center, a sauna and swim spa, co-working space and a restaurant and bar.
Available Condos at The Elser Hotel & Residences
Building Market Overview
Median closed price per square foot — the cleanest apples-to-apples value trend.
Based on closed sales over a trailing 90-day window. Updated daily.
The Team
Kyle Benjamin
Documents
Location
398 NE 5th St, Miami, FL 33132, Miami, FL 33132
Floor Plans & Unit Mix
0 unit lines
Floor plans and unit details are subject to change. Contact us for the most current information.
Location
398 NE 5th St, Miami, FL 33132, Miami, FL 33132
More in Downtown Miami
Frequently Asked Questions About The Elser Hotel & Residences
How much do condos at The Elser Hotel & Residences cost?
Condos currently listed for sale at The Elser Hotel & Residences range from $489K to $1.6M, per active MLS listings. Price within the building varies with floor, view, line, and condition.
What are rents at The Elser Hotel & Residences?
Rental units currently listed at The Elser Hotel & Residences run from $2,650 to $9,500 per month, per active MLS listings. Furnished units and shorter lease terms typically price at the upper end.
How many units are available at The Elser Hotel & Residences right now?
The Elser Hotel & Residences currently has 47 condos for sale and 22 rentals available on the MLS. Inventory updates daily as listings go active, pending, and closed.
How many units does The Elser Hotel & Residences have?
The Elser Hotel & Residences has 646 residences across 49 floors in Downtown Miami.
What have condos at The Elser Hotel & Residences sold for recently?
15 recorded sales closed at The Elser Hotel & Residences in the last twelve months, with a median sale price of $435,000 and a median of $1,146 per square foot. Individual results vary with floor, view, and condition.
What are the HOA fees at The Elser Hotel & Residences?
Across 47 current listings at The Elser Hotel & Residences, the median association fee is $963 per month, or about $1.54 per square foot per month. Fees scale with unit size, and this figure excludes any special assessment — ask the association for its reserve study and assessment history.
Does The Elser Hotel & Residences allow short-term rentals?
Yes — daily or weekly rentals appear to be permitted. Listing agents report a one-month minimum lease, with up to 365 leases permitted per year at The Elser Hotel & Residences, according to 63 current MLS listings. Rental rules are set by the condominium declaration and can be amended by the board, so verify against the current documents before buying for rental income.
When was The Elser Hotel & Residences built?
The Elser Hotel & Residences was completed in 2022. Under Florida's post-Surfside law its first milestone inspection falls due at 25 years if it is within three miles of the coast (2047) or 30 years otherwise (2052). A Structural Integrity Reserve Study is required regardless of age for buildings three stories and taller.