398 NE 5th St · Miami, FL 33132 · Downtown
49-story tower, completed 2022, 646 residences in Downtown. 52 for sale and 24 for rent on Nov 2, 2026.
At a glance The Elser Hotel & Residences (398 NE 5th St, Downtown) is a 49-story, 646-unit building completed in 2022. As of Nov 2, 2026, 52 units are for sale and 24 are for rent; the median closed price was $1,082 per square foot over 23 sales in the last 12 months. FEMA flood zone X (shaded). Source: Miami Assoc. of REALTORS® MLS via Bridge IDX, Miami-Dade Property Appraiser records and the FEMA flood map.
6 photos from my condo archive
MLS via Bridge IDX · as of Nov 2, 2026 · How these numbers are made
The weekly MLS snapshot, newest asks first. Each unit opens its full listing: photos, taxes, history. Or check the live feed for today's inventory.
Unit 3718-3719$1,999,000$1,135/SF4 bd · 4 ba · 1,761 sflisted today · $2,709/mo HOA · listed by Pulse Int'l Realty FL IncFull listing →
Unit 4701$1,650,000$1,435/SF3 bd · 3 ba · 1,150 sf106 days listed · $1,300/mo HOA · listed by MRI Realty GroupFull listing →
Unit 4618$1,599,000$1,409/SF3 bd · 3 ba · 1,135 sf202 days listed · $500/mo HOA · listed by SerhantFull listing →
Unit 4001$1,550,000$1,348/SF3 bd · 3 ba · 1,150 sflisted today · $1,776/mo HOA · listed by Urban Development & Investments LLCFull listing →
Unit 1518$1,499,000$1,330/SF3 bd · 3 ba · 1,127 sf1 day listed · $1,300/mo HOA · listed by EXP Realty LLCFull listing →
Unit 3318$1,450,000$1,278/SF3 bd · 3 ba · 1,135 sf88 days listed · $1,800/mo HOA · listed by United Realty Group IncFull listing →
Unit 3711$1,379,000$1,686/SF2 bd · 2 ba · 818 sf49 days listed · $1,511/mo HOA · listed by XcellenceFull listing →
Unit 1417$1,338,000$1,287/SF3 bd · 3 ba · 1,040 sf770 days listed · $1,040/mo HOA · listed by KWG Realty Group LLCFull listing →
Unit 3811$1,335,000$1,632/SF2 bd · 2 ba · 818 sf227 days listed · $1,543/mo HOA · listed by COSMORE Florida Corp.Full listing →
Unit 1911$1,300,000$1,605/SF2 bd · 2 ba · 810 sf23 days listed · $1,342/mo HOA · listed by Deal Flow Realty, LLC.Full listing →
Unit 4118$1,299,000$1,144/SF3 bd · 3 ba · 1,135 sf17 days listed · $1,716/mo HOA · listed by EXP Realty LLCFull listing →
Unit 3017$1,299,000$1,245/SF2 bd · 3 ba · 1,043 sf324 days listed · $4,812/mo HOA · listed by Coldwell Banker RealtyFull listing →
Unit 1711$1,299,000$1,575/SF2 bd · 2 ba · 825 sflisted today · $3,806/mo HOA · listed by Coldwell Banker RealtyFull listing →
Unit 1601$1,200,000$1,043/SF3 bd · 3 ba · 1,150 sf1 day listed · $1,666/mo HOA · listed by My Realty Group, LLC.Full listing →
Unit 1617$1,200,000$1,154/SF3 bd · 3 ba · 1,040 sf1 day listed · $1,040/mo HOA · listed by EXP Realty LLCFull listing →
Unit 4417$1,180,000$1,131/SF2 bd · 3 ba · 1,043 sf430 days listed · listed by XcellenceFull listing →
Unit 4719$1,139,000$1,819/SF1 bd · 1 ba · 626 sf63 days listed · $900/mo HOA · listed by Epique Realty Inc.Full listing →
Unit 2017$1,090,000$1,045/SF2 bd · 3 ba · 1,043 sf248 days listed · $1,500/mo HOA · listed by Keller Williams LegacyFull listing →
Unit 2910$1,050,000$2,063/SF1 bd · 1 ba · 509 sf535 days listed · $567/mo HOA · listed by United Realty Group IncFull listing →
Unit 1614$958,800$1,442/SF1 bd · 2 ba · 665 sf997 days listed · $665/mo HOA · listed by KWG Realty Group LLCFull listing →
Unit 2119$930,000$1,486/SF1 bd · 1 ba · 626 sf423 days listed · $963/mo HOA · listed by EXP Realty LLCFull listing →
Unit 4210$890,000$1,749/SF1 bd · 1 ba · 509 sf69 days listed · listed by Keller Williams Capital RealtyFull listing →
Unit 2314$890,000$1,338/SF1 bd · 2 ba · 665 sflisted today · $1,023/mo HOA · listed by Avanti Way BrickellFull listing →
Unit 2219$850,000$1,358/SF1 bd · 1 ba · 626 sflisted today · $662/mo HOA · listed by Piquet RealtyFull listing →
Unit 3907$850,000$1,923/SF1 bd · 1 ba · 442 sf102 days listed · $567/mo HOA · listed by Galt Ocean Realty IncFull listing →
Unit 1407$795,000$1,799/SF1 bd · 1 ba · 442 sf120 days listed · $494/mo HOA · listed by Coldwell Banker RealtyFull listing →
Unit 1615$790,000$1,411/SF1 bd · 1 ba · 560 sf42 days listed · $1,756/mo HOA · listed by MRI Realty GroupFull listing →
Unit 4415$760,000$1,357/SF1 bd · 1 ba · 560 sf410 days listed · $2,394/mo HOA · listed by Real Estate Sales ForceFull listing →
Unit 3508$724,000$1,684/SF0 bd · 1 ba · 430 sf1 day listed · $455/mo HOA · listed by Piquet RealtyFull listing →
Unit 3207$720,000$1,629/SF0 bd · 1 ba · 442 sf256 days listed · $680/mo HOA · listed by BM2 RealtyFull listing →
Unit 2407$720,000$1,629/SF1 bd · 1 ba · 442 sf264 days listed · $555/mo HOA · listed by Julies Realty, LLCFull listing →
Unit 4316$699,900$1,933/SF0 bd · 1 ba · 362 sf130 days listed · $500/mo HOA · listed by Potential Property GroupFull listing →
Unit 1715$699,900$1,250/SF1 bd · 1 ba · 560 sf247 days listed · $862/mo HOA · listed by Linart Realty, LLCFull listing →
Unit 2805$699,000$1,581/SF1 bd · 1 ba · 442 sf4 days listed · $680/mo HOA · listed by Cays LLCFull listing →
Unit 2205$699,000$1,581/SF1 bd · 1 ba · 442 sf211 days listed · $680/mo HOA · listed by United Realty Group IncFull listing →
Unit 2319$685,000$1,094/SF1 bd · 1 ba · 626 sf253 days listed · $770/mo HOA · listed by Pulse Int'l Realty FL IncFull listing →
Unit 2215$665,000$1,188/SF1 bd · 1 ba · 560 sf192 days listed · $2,950/mo HOA · listed by EXP Realty LLCFull listing →
Unit 1915$660,000$1,140/SF1 bd · 1 ba · 579 sf97 days listed · $745/mo HOA · listed by Compass Florida, LLCFull listing →
Unit 2203$650,000$1,481/SF1 bd · 1 ba · 439 sf58 days listed · $700/mo HOA · listed by Home-C International Realty LLCFull listing →
Unit 4512$649,900$1,906/SF0 bd · 1 ba · 341 sf246 days listed · $445/mo HOA · listed by EXP Realty LLCFull listing →
Unit 4015$619,000$1,105/SF1 bd · 1 ba · 560 sf213 days listed · $2,583/mo HOA · listed by Compass Florida, LLCFull listing →
Unit 2904$599,999$1,354/SF1 bd · 1 ba · 443 sf73 days listed · $494/mo HOA · listed by Keller Williams Eagle RealtyFull listing →
Unit 1515$599,900$1,071/SF1 bd · 1 ba · 560 sf44 days listed · $2,583/mo HOA · listed by Compass Florida, LLCFull listing →
Unit 2116$599,000$1,655/SF0 bd · 1 ba · 362 sf208 days listed · $557/mo HOA · listed by United Realty Group IncFull listing →
Unit 3104$579,000$1,307/SF1 bd · 1 ba · 443 sf18 days listed · $681/mo HOA · listed by EXP Realty LLCFull listing →
Unit 4308$570,000$1,326/SF0 bd · 1 ba · 430 sflisted today · $700/mo HOA · listed by Avanti Way BrickellFull listing →
Unit 1815$550,000$982/SF1 bd · 1 ba · 560 sf1 day listed · $798/mo HOA · listed by Compass Florida, LLCFull listing →
Unit 1712$545,000$1,598/SF0 bd · 1 ba · 341 sf5 days listed · $474/mo HOA · listed by Wright CollectiveFull listing →
Unit 2007$539,000$1,219/SF0 bd · 1 ba · 442 sf63 days listed · $600/mo HOA · listed by EXP Realty LLCFull listing →
Unit 2005$499,000$1,129/SF0 bd · 1 ba · 442 sf8 days listed · $679/mo HOA · listed by EXP Realty LLCFull listing →
Unit 4313$495,000$1,387/SF0 bd · 1 ba · 357 sf217 days listed · $1,647/mo HOA · listed by United Realty Group IncFull listing →
Unit 1902$469,000$1,091/SF0 bd · 1 ba · 430 sf42 days listed · $2,006/mo HOA · listed by Pink Miami Real EstateFull listing →
Unit 4018$8,650/mo$7.62/SF3 bd · 3 ba · 1,135 sf430 days listed · listed by COSMORE Florida Corp.Full listing →
Unit 1518$8,000/mo$7.10/SF3 bd · 3 ba · 1,127 sf24 days listed · listed by EXP Realty LLCFull listing →
Unit 4001$7,500/mo$6.52/SF3 bd · 3 ba · 1,150 sflisted today · listed by Sigma Real Estate & InvestmentFull listing →
Unit 3711$7,500/mo$9.17/SF2 bd · 2 ba · 818 sf47 days listed · listed by XcellenceFull listing →
Unit 2517$7,000/mo$6.71/SF3 bd · 3 ba · 1,043 sf21 days listed · listed by My Realty Group, LLC.Full listing →
Unit 4117$7,000/mo$6.71/SF2 bd · 3 ba · 1,043 sf49 days listed · listed by TF Realty CorpFull listing →
Unit 1417$6,980/mo$6.71/SF3 bd · 3 ba · 1,040 sf169 days listed · listed by KWG Realty Group LLCFull listing →
Unit 2301$6,900/mo$3.00/SF3 bd · 3 ba · 2,301 sflisted today · listed by Sigma Real Estate & InvestmentFull listing →
Unit 4417$6,500/mo$6.23/SF2 bd · 3 ba · 1,043 sf392 days listed · listed by XcellenceFull listing →
Unit 3417$6,200/mo$5.94/SF3 bd · 3 ba · 1,043 sflisted today · listed by Sigma Real Estate & InvestmentFull listing →
Unit 2114$5,700/mo$8.57/SF1 bd · 2 ba · 665 sf646 days listed · listed by Home-C International Realty LLCFull listing →
Unit 1407$5,500/mo$12.44/SF1 bd · 1 ba · 442 sf6 days listed · listed by COSMORE Florida Corp.Full listing →
Unit 1614$4,500/mo$6.77/SF1 bd · 2 ba · 665 sf169 days listed · listed by KWG Realty Group LLCFull listing →
Unit 4114$4,500/mo$6.77/SF1 bd · 2 ba · 665 sf33 days listed · listed by Fortune International RealtyFull listing →
Unit 1416$4,500/mo$12.43/SF0 bd · 1 ba · 362 sf29 days listed · listed by Miami New RealtyFull listing →
Unit 1510$3,999/mo$7.86/SF1 bd · 1 ba · 509 sf26 days listed · listed by Urban Development & Investments LLCFull listing →
Unit 3612$3,800/mo$11.14/SF0 bd · 1 ba · 341 sf343 days listed · listed by Off Market Miami, LLC.Full listing →
Unit 4015$3,500/mo$6.25/SF1 bd · 1 ba · 560 sf165 days listed · listed by Compass Florida, LLCFull listing →
Unit 4404$3,450/mo$7.79/SF0 bd · 1 ba · 443 sf235 days listed · listed by Keller Williams Realty ProfessFull listing →
Unit 3207$3,400/mo$7.69/SF1 bd · 1 ba · 442 sf645 days listed · listed by Keller Williams Eagle RealtyFull listing →
Unit 3505$3,200/mo$7.24/SF0 bd · 1 ba · 442 sf16 days listed · listed by Avanti Way Realty LLCFull listing →
Unit 2515$3,100/mo$5.54/SF1 bd · 1 ba · 560 sflisted today · listed by Related General Realty, LLC.Full listing →
Unit 4313$2,750/mo$7.70/SF0 bd · 1 ba · 357 sf140 days listed · listed by United Realty Group IncFull listing →
Unit 4512$2,650/mo$7.77/SF0 bd · 1 ba · 341 sf194 days listed · listed by EXP Realty LLCFull listing →Listings matched to this building's recorded addresses. I don't have to be the listing agent to show you any unit or to negotiate for you. Search condos in 33132
Completed in 2022, The Elser Hotel & Residences stands 49 stories at 398 NE 5th St in Downtown. The Miami-Dade Property Appraiser lists 646 residential units, averaging 613 SF of living area. It was developed by Property Markets Group and designed by Sieger Suarez Architects. Interiors are by Cotofana Designs. The condo archive records it as waterfront (no / across water). MLS and county records use the legal name The Elser.
On November 2, 2026, 52 units were listed for sale, asking $469K to $2M (median ask $1,357/SF across 52 listings). Five more were under contract. 23 sales closed between November 2, 2025 and November 2, 2026, from $365K to $1.1M, a median $1,082/SF, after a median 94 days on the market. In the 12 months before that, 10 sales closed at a median $1,168/SF, so the median fell 7%. The MLS holds 37 closed sales here going back to 2024; among years with three or more sales, 2024 set the high at a median $1,403/SF. That 12-month median ranks 3rd of the 47 Downtown buildings with at least three sales in the same window. Studios made up 15 of the 33 sales in the last 24 months, at a median $425,000.
24 units were offered for rent at $2,650 to $8,650 a month. 12 leases were signed over the same 12 months, at a median $5,350 a month (range $3,000 to $9,000).
About 14% of the residences are owner-occupied according to county records, which points to an investor-heavy ownership base. Association rules on file: pets yes (owners only); minimum lease 6 months; up to two leases a year. I have three of its association documents on file, including the Amendments to the Declaration and the Declaration of Condominium.
Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records and my condo archive. Blanks mean the record doesn't state it; nothing here is estimated.
Every sale and lease the MLS has recorded at this address, sales first.
Every recorded sale at this address, 2024 to 2026. Count in the tooltip.
| Year | Sales | Median $/SF | Leases | Median rent |
|---|---|---|---|---|
| 2026 (to date) | 17 | $1,072 | 11 | $6,200/mo |
| 2025 | 15 | $1,107 | 6 | $2,875/mo |
| 2024 | 5 | $1,403 | 3 | $3,600/mo |
Median $/SF of the sales in the 12 months to Nov 2, 2026, with the count beside each bar.
* Pale bars: fewer than three sales, so the bar is the sale itself or the average of two, too few for a median.
Medians need three or more sales. How these numbers are made
| Unit | BD | BA | SF | Asked | Closed | $/SF | Close date | DOM |
|---|---|---|---|---|---|---|---|---|
| 3805 | 1 | 1 | 442 | $499,000 | $405,000 | $916 | Oct 22, 2026 | 22 |
| 4713 | 0 | 1 | 357 | $449,000 | $410,000 | $1,148 | Sep 11, 2026 | 25 |
| 4207 | 0 | 1 | 442 | $585,000 | $540,000 | $1,222 | Aug 24, 2026 | 405 |
| 4518 | 3 | 3 | 1,135 | $1,090,000 | $1,050,000 | $925 | Aug 14, 2026 | 282 |
| 2403 | 1 | 1 | 490 | $410,000 | $415,000 | $847 | Jun 24, 2026 | 18 |
| 2316 | 0 | 1 | 362 | $475,000 | $420,000 | $1,160 | May 7, 2026 | 230 |
| 3709 | 2 | 2 | 983 | $1,200,000 | $1,150,000 | $1,170 | Apr 27, 2026 | 105 |
| 3709 | 2 | 2 | 983 | $1,200,000 | $1,150,000 | $1,170 | Apr 24, 2026 | 103 |
| 3008 | 1 | 1 | 430 | $509,900 | $450,000 | $1,047 | Apr 23, 2026 | 158 |
| 4507 | 1 | 1 | 442 | $560,000 | $520,000 | $1,176 | Apr 23, 2026 | 128 |
| 1905 | 1 | 1 | 442 | $450,000 | $420,000 | $950 | Apr 20, 2026 | 41 |
| 4616 | 0 | 1 | 362 | $439,900 | $415,000 | $1,146 | Apr 15, 2026 | 94 |
| 4516 | 0 | 1 | 362 | $459,000 | $410,000 | $1,133 | Apr 10, 2026 | 141 |
| 1416 | 0 | 1 | 455 | $418,000 | $400,000 | $879 | Mar 9, 2026 | 303 |
| 1906 | 0 | 1 | 443 | $489,900 | $475,000 | $1,072 | Jan 28, 2026 | 47 |
| 2016 | 0 | 1 | 362 | $399,000 | $365,000 | $1,008 | Jan 27, 2026 | 75 |
| 3406 | 1 | 1 | 443 | $499,000 | $450,000 | $1,016 | Jan 21, 2026 | 47 |
| 2503 | 1 | 1 | 439 | $495,000 | $475,000 | $1,082 | Dec 15, 2025 | 138 |
| 2506 | 1 | 1 | 443 | $489,000 | $475,000 | $1,072 | Dec 12, 2025 | 88 |
| 1803 | 1 | 1 | 439 | $500,000 | $435,000 | $991 | Dec 11, 2025 | 31 |
| 4613 | 0 | 1 | 357 | $650,000 | $580,000 | $1,625 | Dec 5, 2025 | 3 |
| 2815 | 1 | 1 | 560 | $659,000 | $620,000 | $1,107 | Nov 24, 2025 | 388 |
| 1412 | 0 | 1 | 341 | $429,000 | $400,000 | $1,173 | Nov 10, 2025 | 78 |
| 3503 | 0 | 1 | 439 | $550,000 | $485,000 | $1,105 | Oct 24, 2025 | 121 |
| 1516 | 0 | 1 | 362 | $429,000 | $425,000 | $1,174 | Oct 22, 2025 | 167 |
| 3803 | 0 | 1 | 439 | $550,000 | $510,000 | $1,162 | Aug 25, 2025 | 45 |
| 3707 | 1 | 1 | 442 | $499,000 | $460,000 | $1,041 | Jul 24, 2025 | 247 |
| 4105 | 0 | 1 | 442 | $509,000 | $480,000 | $1,086 | Jul 23, 2025 | 19 |
| 4414 | 1 | 2 | 781 | $869,000 | $850,000 | $1,088 | Mar 13, 2025 | 41 |
| 2007 | 0 | 1 | 442 | $575,000 | $575,000 | $1,301 | Mar 12, 2025 | 141 |
The 30 most recent of 33. All 37 recorded sales open in the interactive table.
| Unit | BD | BA | SF | Asked/mo | Leased/mo | $/SF/mo | Lease date | DOM |
|---|---|---|---|---|---|---|---|---|
| 3218 | 3 | 3 | 1,135 | $6,500/mo | $6,200/mo | $5.46 | Oct 21, 2026 | 33 |
| 1518 | 3 | 3 | 1,127 | $8,000/mo | $8,500/mo | $7.54 | Oct 19, 2026 | 33 |
| 1518 | 3 | 3 | 1,127 | $7,999/mo | $8,000/mo | $7.10 | Jul 19, 2026 | 18 |
| 2910 | 1 | 1 | 509 | $4,500/mo | $4,350/mo | $8.55 | Jul 15, 2026 | 383 |
| 1510 | 1 | 1 | 509 | $3,900/mo | $4,300/mo | $8.45 | Jun 17, 2026 | 154 |
| 2515 | 1 | 1 | 560 | $3,050/mo | $3,000/mo | $5.36 | Jun 10, 2026 | 48 |
| 2415 | 1 | 1 | 560 | $3,100/mo | $3,200/mo | $5.71 | Apr 10, 2026 | 42 |
| 1518 | 3 | 3 | 1,127 | $8,000/mo | $8,000/mo | $7.10 | Feb 20, 2026 | 263 |
| 3711 | 2 | 2 | 818 | $6,300/mo | $7,100/mo | $8.68 | Feb 13, 2026 | 184 |
| 2207 | 1 | 1 | 442 | $3,000/mo | $3,000/mo | $6.79 | Feb 9, 2026 | 320 |
| 2218 | 3 | 3 | 1,135 | $7,900/mo | $9,000/mo | $7.93 | Feb 1, 2026 | 160 |
| 3419 | 1 | 1 | 626 | $4,500/mo | $4,500/mo | $7.19 | Dec 30, 2025 | 267 |
Data: Miami Assoc. of REALTORS® MLS via Bridge IDX, as of Nov 2, 2026. Listings matched to this building's recorded addresses; pending includes under-contract. Closed listings shown as records only, no photos. Blanks mean the record doesn't state it. How these numbers are made
The rules on record, the documents in my files, the two Florida checks every buyer should run, and the buildings around it. Each card opens.
Rules
Rules change: I confirm the current bylaws and application requirements before you write an offer or sign a lease.
Documents
The documents most buyers and renters can't get until they're deep in a deal. Tap one and I'll send it with my read on what matters in it.
FEMA flood zone
Outside FEMA's Special Flood Hazard Area. Flood insurance is optional, and still worth pricing.
FEMA National Flood Hazard Layer, checked at the building's mapped location on Oct 12, 2026. Open the official map ↗
Milestone structural inspection
Due by statute by December 31, 2052, 30 years after 2022, then every 10 years.
Fla. Stat. § 553.899(3) ↗ and Miami-Dade recertification ↗, read Oct 9, 2026. What the deadline means for buyers
Nearby
Loft Downtown I230 m away · Built 2005 · 23 floors6 for sale · 5 for lease
Vizcayne North250 m away · Built 2008 · 49 floors25 for sale · 27 for lease
Gale Miami Hotel & Residences250 m away · Built 2024 · 51 floors69 for sale · 38 for lease
YotelPad Miami270 m away · Built 2022 · 31 floors25 for sale · 2 for lease
501 First Residences280 m away · Built 2025 · 40 floors44 for sale · 27 for leaseCompare with the two nearest →Every Downtown building →Distances are straight-line. Building data from Miami Assoc. of REALTORS® MLS records via Bridge IDX.
Own here, or looking here
Owners: tell me your unit and I'll prepare its value myself. Buyers and renters: I'll tell you when a unit here lists or sells. Either way it starts a conversation with me, not a mailing list.
I read the building before you buy or sell a unit in it.Closed history, the association's rules, what is really for sale and what it should trade at. Then we talk.
