398 NE 5th St # 2007, Miami, FL

The Elser Hotel & Residences · 0 Bedrooms · 1 Bathroom · 442 Sq Ft

The Elser Hotel & Residences Unit 2007 at 398 NE 5th St # 2007, Miami, FL 33132 — photo 1
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About the Property

Turnkey Investment Opportunity at The Elser Hotel & Residences — Unit 2007 Fully furnished, turnkey studio residence at The Elser, ideally positioned with sweeping views of the Kaseya Center skyline and partial Biscayne Bay water views. This designer-finished unit features a king-size bed, sofa bed, full kitchen, in-unit washer/dryer, and secure keyless entry — ready to generate income from day one. Enrolled in The Elser's professionally managed short-term rental program with a proven, documented income history, this is a rare opportunity to own real, verified cash flow rather than a projection. Investor-friendly building with flexible daily, weekly, and long-term rental permissions. Residents and guests enjoy resort-caliber amenities including a wraparound rooftop pool with bar and restaurant, two-story fitness center, 24/7 concierge, valet parking, and Beach Club access. Unbeatable Downtown Miami location steps from Kaseya Center, Bayside Marketplace, the Brightline station, and Biscayne Bay, bringing global demand to Downtown Miami's short-term rental market. Whether for personal use, a pied-à-terre, or a high-performing investment asset, Unit 2007 offers a rare blend of location, view, and income potential in one of Miami's most in-demand condo-hotel addresses.

Unit 2007 in Context

Unit 2007 is located at 398 NE 5th St, part of the 07 line on floor 20 of The Elser's 646-residence tower. 4 other 07 line residences are currently offered for sale in the building.

This Residence

$1,310/SF

Building Avg Asking

$1,463/SF

Financial

Fees & Taxes

Association Fee$600
Association Fee FrequencyMonthly
Lot Size Square Feet0
Tax Annual Amount$9,430
Tax Year$2,025

Terms

All CashConventionalPossession: Funding

Interior Features

Interior

Bathrooms Full: 1Bathrooms Half: 0Entry Level: 20First Floor EntryBuilt-in FeaturesCloset CabinetryFire SprinklersEntry LevelDining/Living RoomRooms Total: 0Stories Total: 49

Appliances

DishwasherDryerElectric RangeMicrowaveWasher

Cooling & Heating

Central AirCentral

Windows

Clear Impact GlassBlindsHigh Impact WindowsThermal Windows

Exterior & Views

View

Bay

Waterfront

WaterfrontNo

Pool & Spa

Covered Spaces1
Garage Spaces1
Pool PrivateNo

Exterior

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

Building & Community

Amenities

Association: YesBarBarbecueBusiness CenterChild Play AreaClubhouse-ClubroomElevator(s)Exercise RoomHeated PoolPoolPrivate Beach PavilionSaunaSpa/Hot Tub

Security

Fire SprinklersFire AlarmDoormanElevator SecureSecured Garage/ParkingGuard At SiteLobby SecuredSecurity Patrol

Parking

Garage: YesValet

Listing Information

Dates & Status

Contract Status Change Date2026-07-20
Listing Contract Date2026-07-20
Mls StatusActive
On Market Date2026-07-20

Details

County Or Parish: Miami-Dade CountyMajor Change Type: Price DecreaseNumber Of Units In Community: 646Condo 5+ StoriesCondoYear Built Details: Effective Year Built

Additional Details

Building Area Total442
Building NameThe Elser
Door FeaturesHigh Impact Doors
Green Energy EfficientAppliances, Construction, HVAC, Lighting, Thermostat
Parcel Number01-41-37-078-2110
Property AttachedYes
Property ConditionNew Construction

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Courtesy of EXP Realty LLC