
398 NE 5th St, Miami, FL, 33132
Take a closer look
Listed HOA: $862 · Last reported tax: $11,493/yr
$6,643/mo
$172,000 down
Principal & interest is exact for these inputs. Tax and HOA come from the listing; rate, insurance are editable estimates. Not a loan offer.
Experience elevated downtown living in Unit 4115, a high-floor 1-bedroom, 1-bath ADA compliant residence at The Elser Hotel & Residences, showcasing breathtaking direct bay views and a front-row vantage point to Miami’s future skyline, including the iconic Waldorf Astoria Miami, poised to become the tallest building east of New York City. This rare, flexible-use condo is perfectly suited as a primary residence, luxury second home, or high-performing income asset, with the building’s short-term-rental–friendly policy offering attractive revenue potential and owner flexibility. Thoughtfully designed for modern urban living, the unit combines comfort, accessibility, and strong long-term investment appeal in one turnkey offering. Residents and guests enjoy resort-style amenities and hotel-style services in a premier downtown location, just moments from the waterfront, Miami Worldcenter, world-class dining, entertainment, and cultural venues. Whether you’re seeking an elevated lifestyle base, a lock-and-leave second home, or a strategic foothold in one of Miami’s fastest-growing districts, Unit 4115 delivers exceptional value, versatility, and future upside.

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.
Floor plans and unit details are subject to change. Contact us for the most current information.
398 NE 5th St, Miami, FL, 33132