This home has sold.
Photo courtesy of Beaches MLS
Condo · Miami · THE ELSER
398 NE 5th Street #2503, Miami, FL
About this home
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!
- Area
- Miami
- Building
- THE ELSER
- MLS #
- R11094556
- Listing agent
- Gulay Ozer
- Sold for
- $475,000
- Sold on
- December 15, 2025
- Living area (m²)
- 41 m²
- Price per m²
- $11,647
- HOA (per month)
- $455Includes: Common Areas, Cable Tv, Hot Water, Maintenance Grounds, Security, Trash, Water
- Property tax (per year)
- $11,179 (2024)
- Year built
- 2022
- Floors in the building
- 49
- Parking
- Garage: 1
- Pets
- Allowed
- Furnished
- Furnished
- Waterfront
- Yes
- View
- Bay
- Listed
- May 29, 2025
- Previous price
- $508,000
Interior features
- Closet Cabinetry
Exterior features
- Balcony
- Outdoor Living Area
Building amenities
- Business Center
- Fitness Center
- Pool
- Parking
- Trash
- Elevators
Parking features
- Assigned
- Covered
- Garage
Appliances
- Dryer
- Dishwasher
- Electric Range
- Disposal
- Microwave
- Washer
Price and status history
- Listed for $589,000
- Date not givenPrice dropped from $589,000 to $508,000 (13.8%)
- Price dropped from $508,000 to $495,000 (2.6%)
- Under contract
- Sold for $475,000
From the MLS listing date, original price, latest price change and status dates. The feed does not list every change in between.
Location
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6 listings
Listing information is deemed reliable but is not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Data is supplied by the MLS and may be subject to change or withdrawal without notice.
Last updated August 20, 2026, 8:33 am