398 NE 5th St # 1516, Miami, FL

The Elser Hotel & Residences · 0 Bedrooms · 1 Bathroom · 362 Sq Ft

The Elser Hotel & Residences Unit 1516 at 398 NE 5th St # 1516, Miami, FL 33132 — photo 1
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About the Property

Lowest price, turnkey studio with water and skyline views at Downtown Miami’s premier condo-hotel, The Elser Hotel & Residences. Fully furnished with smart access, floor-to-ceiling windows, and designer finishes. Prime location steps from Bayfront Park, Kaseya Center, Bayside, and Miami Worldcenter. Enjoy resort-style amenities: rooftop pool with massive LED screen, full gym, spa, lounge, bar, and 24/7 concierge. Flexible short-term rental use allowed through In-House and approved management companies. Ideal for personal use and income generation when not in residence.

Unit 1516 in Context

Unit 1516 is located at 398 NE 5th St, part of the 16 line on floor 15 of The Elser's 646-residence tower. 3 other 16 line residences are currently offered for sale in the building.

This Residence

$1,185/SF

Building Avg Asking

$1,463/SF

Financial

Fees & Taxes

Association Fee$557
Association Fee FrequencyMonthly
Lot Size Square Feet0
Tax Annual Amount$9,444
Tax Year$2,024

Terms

Current Financing: OtherAll CashOwner Will CarryPossession: Funding

Interior Features

Interior

Bathrooms Full: 1Bathrooms Half: 0Entry Level: 15FurnishedTurn Key FurnishedBuilt-in FeaturesCloset CabinetryElevatorLevels: 1Entry LevelPrimary Bath ShowerStudioShower OnlyRooms Total: 0Stories Total: 49

Appliances

DishwasherDisposalDryerMicrowaveRefrigeratorWasher

Flooring

Ceramic Floor

Cooling & Heating

Central AirElectricCentralElectric

Windows

Complete Impact GlassHigh Impact Windows

Exterior & Views

View

Ocean ViewSkylineWater View

Waterfront

WaterfrontNo

Pool & Spa

Carport Spaces0
Covered Spaces1
Garage Spaces1
Pool PrivateNo

Exterior

High RiseConstruction Materials: CBS ConstructionOpen BalconyIDX Participation: YesNew Construction: NoOpen Balcony

Building & Community

Amenities

Association: YesBarBarbecueBusiness CenterClubhouse-ClubroomElevator(s)Exercise RoomExterior LightingHeated PoolPool

Security

Smoke DetectorDoorman

Parking

Attached Garage: YesGarage: YesValet

Pets & Restrictions

Pets AllowedMaximum 20 Lbs

Listing Information

Dates & Status

Close Date2025-10-22
Contract Status Change Date2025-10-22
Listing Contract Date2025-03-20
Mls StatusClosed
On Market Date2025-03-20

Details

County Or Parish: Miami-Dade CountyDirections: From 395 east exit at NE 2nd Ave. Go right to NE 5th St and go left. Building is on the corner of NE 5th & Biscayne Blvd.Major Change Type: ClosedNumber Of Units In Community: 646Condo-HotelCondoYear Built Details: Condo-Hotel

Additional Details

Building Area Total362
Building NameElser Hotel & Residences
Close Price$425,000
Door FeaturesHigh Impact Doors
Number Of Units Total646
Parcel Number01-41-37-078-5120
Possible UseInvestment
Property AttachedYes

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Courtesy of Real Broker LLC