132-Foot Resort Pool & Amenity Deck
A 19,000-square-foot double-height amenity deck with a 132-foot resort-style pool, private lounges and a 16-foot poolside LED screening wall overlooking Biscayne Bay.
THE ELSER
HOTEL & RESIDENCES · DOWNTOWN MIAMI
398 NE 5th Street, Downtown Miami, Florida
The Elser Hotel & Residences Condos for Sale
Live inventory, prices and recent activity at 398 NE 5th Street — updated directly from the MLS.
53
Condos for Sale
23
Condos for Rent
$489,000
Lowest Asking Price
$1,463
Average Asking $/SF
The Elser Units For Sale
The Elser Units For Rent
The Elser Hotel & Residences
The Residences
53
Units For Sale
646
Turnkey Residences
2022
Year Built
$489,000
Starting At
Overview
A bayfront tower built to be rented.
Rising over Biscayne Bay in the heart of Downtown Miami, The Elser Hotel & Residences is a 646-residence tower by Property Markets Group and Greybrook — Downtown's first bayfront condo built with no rental restrictions. Studios through three-bedroom homes are delivered turnkey and fully furnished, so owners can move in or start renting on day one.
- Developer
- PMG & Greybrook
- Completed
- 2022
- Residences
- 646
- Rentals
- Daily / Airbnb
Residences
Turnkey homes, ready to earn.
Studios through three-bedroom residences — roughly 341 to 1,150 square feet — with 9-plus-foot ceilings, private balconies over the bay or city, Italkraft cabinetry, quartz counters, porcelain wood-grain floors and smart-home technology. Interiors are by Cotofana Designs and delivered fully furnished.
- Residences646
- Interior Range341 – 1,150 Sq Ft
- DeliveryTurnkey Furnished
Location
Downtown, on the bay.
On the Biscayne Bay waterfront at 398 NE 5th Street — steps from Bayfront Park, Bayside Marketplace, the Kaseya Center, Miami Worldcenter and the Metromover, minutes from Brickell, the Design District and Miami Beach, with PortMiami and the airport close by.
Amenities
A resort you own.
Sky Lounge & Swim Spa
A sky entertainment lounge with a grilling terrace and eight grills, plus a temperature-controlled swim spa high above Downtown Miami.
The Lab Co-Working & Dining
A two-level co-working Lab with eleven reservable conference rooms, alongside Jaguar Sun and the Café Domino coffee lounge on the ground floor.
The Team
Built by PMG & Greybrook. Designed by Sieger Suarez.
A collaboration between two of Miami's most active developers and Sieger Suarez Architects, with interiors by Cotofana Designs — delivering 646 turnkey residences and a full-service hotel program on the Downtown bayfront in 2022.
Downtown Miami Lifestyle
The city at your door.
The Elser sits in the middle of everything Downtown Miami — Bayfront Park and the bay across the street, the Kaseya Center, Bayside Marketplace, Miami Worldcenter and the Arsht Center all within walking distance, and Brickell, Wynwood and the Design District minutes away.
Getting Around
Central to everything.
- Bayfront Park & the bay0.2 mi
- Kaseya Center0.4 mi
- Brickell1 mi
- Miami Design District3 mi
- Miami Beach (South Beach)4 mi
- Miami International Airport7 mi
Investment Potential
One of Miami's few true short-term-rental condos.
The Elser was purpose-built for income: no rental restrictions, turnkey furnished residences and an in-house Society Owners Program that runs your unit as part of the hotel when you're away. Owners can rent daily on Airbnb, VRBO and Booking.com, and Florida's no-income-tax status plus Downtown Miami's year-round tourism keep occupancy and nightly rates strong.
Rent daily
No rental restrictions
Hands-off income
In-house rental program
Move-in ready
Turnkey furnished
Why The Elser
Own it. Rent it. Both.
No Rental Restrictions
Downtown Miami's first bayfront condo built for daily rentals — Airbnb, VRBO and Booking.com are all allowed.
Turnkey & Furnished
Every residence is delivered fully furnished and finished, ready to occupy or rent from closing.
In-House Rental Program
The Society Owners Program by Pinnacle Property Management operates your unit as part of the hotel.
132-Foot Resort Pool
A 19,000-square-foot amenity deck with a resort pool, swim spa, sky lounge and grilling terrace.
Bayfront Downtown Address
On Biscayne Bay at 398 NE 5th Street, steps from Bayfront Park, the arena and the Metromover.
Attainable Entry Point
Studios through three-bedrooms starting in the mid-$400Ks — a rare price of entry for turnkey Downtown product.
Frequently Asked
The Elser — answers.
Where is The Elser located?+
The Elser Hotel & Residences sits at 398 NE 5th Street on the bayfront in Downtown Miami — steps from Bayfront Park, Bayside Marketplace, the Kaseya Center and the Metromover, with Brickell, Museum Park and Miami Worldcenter minutes away.
Can I rent my condo at The Elser on Airbnb?+
Yes — this is the whole point of the building. The Elser was Downtown Miami's first bayfront condo tower built with no rental restrictions, so owners can rent daily, weekly or monthly on Airbnb, VRBO and Booking.com, self-manage, or use the in-house Society Owners Program run by Pinnacle Property Management to operate the unit as part of the hotel.
How much do condos at The Elser cost?+
There are currently 53 residences for sale at The Elser, with asking prices from $489,000 to $1.65M. Long-term leases start near $2,650/month. Figures update automatically from live MLS data — see the market report for the full breakdown.
Who built and designed The Elser?+
The Elser was developed by Property Markets Group (PMG) and Greybrook and designed by Sieger Suarez Architects, with interiors by Cotofana Designs. The 646 turnkey residences were completed and began closing in 2022.
What amenities does The Elser offer?+
The Elser has a 19,000-square-foot double-height amenity deck with a 132-foot resort-style pool and private lounges, a poolside LED screening wall, a sky lounge and grilling terrace with eight grills, a temperature-controlled swim spa, a two-level co-working Lab with eleven conference rooms, and Jaguar Sun and Café Domino on the ground floor — plus 24/7 concierge, valet and smart-building technology.
Are the residences furnished?+
Yes. The Elser's residences are delivered turnkey and fully furnished — studios through three-bedroom layouts from roughly 341 to 1,150 square feet — so an owner can move in or begin renting immediately.
Find us
398 NE 5th Street.
On the Biscayne Bay waterfront in Downtown Miami, moments from Bayfront Park, the Kaseya Center, Brickell and the bay.
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