398 NE 5th St # 1615, Miami, FL

The Elser Hotel & Residences · 1 Bedroom · 1 Bathroom · 560 Sq Ft

The Elser Hotel & Residences Unit 1615 at 398 NE 5th St # 1615, Miami, FL 33132 — photo 1
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About the Property

Experience the ultimate blend of luxury, flexibility, and investment potential at The Elser Hotel & Residences in the heart of Downtown Miami. This beautifully furnished 1-bedroom, 1-bathroom residence offers a thoughtfully designed living space with spectacular city and Biscayne Bay views. Delivered fully furnished and turnkey, the residence is ready for immediate personal enjoyment or income generation from day one. Perfectly positioned directly across from Bayside Marketplace, Bayfront Park, Kaseya Center, and PortMiami, you'll be at the center of Miami's most vibrant entertainment, dining, shopping, and tourism district. With short-term rentals permitted, this residence presents an exceptional opportunity for investors seeking strong rental demand and maximum flexibility. Residents enjoy world-class amenities, resort-style services, and one of the most sought-after addresses for both visitors and owners. Whether you're looking for a vacation home, an investment opportunity, or both, this is a rare opportunity to own a turnkey residence in one of Miami's fastest-growing neighborhoods. Don't miss your chance to own a condo in one of Downtown Miami's premier luxury buildings. Schedule your private showing today!

Unit 1615 in Context

Unit 1615 is located at 398 NE 5th St, part of the 15 line on floor 16 of The Elser's 646-residence tower. 7 other 15 line residences are currently offered for sale in the building.

This Residence

$1,411/SF

Building Avg Asking

$1,463/SF

Financial

Fees & Taxes

Association Fee$1,756
Association Fee FrequencyQuarterly
Lot Size Square Feet0
Tax Annual Amount$12,578
Tax ExemptionsTax Reflects No Homestead Exemption
Tax Year$2,025

Terms

All CashConventional

Interior Features

Interior

Bathrooms Full: 1Bathrooms Half: 0Entry Level: 16Furnished: FurnishedLobbyFirst Floor EntryCloset CabinetryCooking IslandElevatorFire SprinklersEntry LevelRooms Total: 0Stories Total: 49

Appliances

DishwasherDryerElectric Water HeaterMicrowaveOther Equipment/AppliancesRefrigeratorWasher

Flooring

Ceramic Floor

Cooling & Heating

ElectricNone

Laundry

Washer/Dryer Hook-Up

Exterior & Views

View

Bay

Waterfront

WaterfrontNo

Pool & Spa

Carport Spaces0
Covered Spaces0
Garage Spaces0
Pool PrivateNo

Exterior

High RiseOpen BalconyIDX Participation: YesNew Construction: NoOpen Balcony

Building & Community

Amenities

Association: YesBarBarbecueBusiness CenterExercise RoomPool

Security

Fire SprinklersSmoke DetectorDoormanElevator SecureCard EntryFire AlarmSecured Garage/ParkingGuard At SiteIntercom In LobbyLobby SecuredTV Camera

Parking

Garage: NoValet

Pets & Restrictions

Pets AllowedMore Than 20 Lbs

Listing Information

Dates & Status

Contract Status Change Date2026-07-29
Listing Contract Date2026-07-29
Mls StatusActive
On Market Date2026-07-29

Details

County Or Parish: Miami-Dade CountyDirection Faces: SoutheastMajor Change Type: NewNumber Of Units In Community: 704Condo-HotelCondoYear Built Details: Effective Year Built

Additional Details

Building Area Total560
Building NameElser Residences
ElectricCircuit Breakers
Number Of Units Total704
OwnershipCorporation
Parcel Number01-41-37-078-4790
Property AttachedYes
Property ConditionNew Construction

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Courtesy of MRI Realty Group