398 NE 5th St # 3901, Miami, FL

The Elser Hotel & Residences · 3 Bedrooms · 3 Bathrooms · 1,150 Sq Ft

The Elser Hotel & Residences Unit 3901 at 398 NE 5th St # 3901, Miami, FL 33132 — photo 1
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About the Property

An elegant, high-floor residence created for those who want to experience Miami with ease without the responsibilities of full-time ownership. Perfectly positioned in Downtown Miami, this turnkey unit functions as a refined pied-à-terre for buyers who value proximity to Brickell, Miami Beach, the Design District, and the airport, making arrivals and departures effortless. Whether used as a personal retreat or a flexible city base, the location offers unmatched connectivity to Miami’s most vibrant neighborhoods. When not in residence, owners may participate in professionally managed short-term rental programs, allowing the property to generate income in a fully hands-off manner. This structure is ideal for buyers who prefer simplicity and professional oversight rather than day-to-day rental operations. This is not a traditional investment property, it is a lifestyle-driven asset designed for those seeking flexibility, convenience, and optional revenue without operational complexity. Vacant and available for private showings.

Unit 3901 in Context

Unit 3901 is located at 398 NE 5th St, part of the 01 line on floor 39 of The Elser's 646-residence tower. 2 other 01 line residences are currently offered for sale in the building.

This Residence

$956/SF

Building Avg Asking

$1,463/SF

Financial

Fees & Taxes

Association Fee$1,769
Association Fee FrequencyMonthly
Lot Size Square Feet0
Tax Annual Amount$22,418
Tax Year$2,025

Terms

All CashConventionalPossession: Funding

Interior Features

Interior

Bathrooms Full: 3Bathrooms Half: 0Entry Level: 39FurnishedTurn Key FurnishedFirst Floor EntryBuilt-in FeaturesCloset CabinetryOtherWalk-In Closet(s)No Additional RoomsLevels: 1Entry LevelPrimary Bath ShowerDining/Living RoomNo Additional RoomsShower OnlyRooms Total: 0Stories Total: 47

Appliances

DishwasherDryerMicrowaveElectric RangeRefrigeratorWall OvenWasher

Flooring

Tile

Cooling & Heating

Central AirElectricCentralElectric

Windows

BlindsHigh Impact Windows

Exterior & Views

View

BayOther ViewSkylineWater View

Waterfront

WaterfrontNo

Pool & Spa

Covered Spaces1
Garage Spaces1
Pool PrivateYes

Exterior

Corner UnitHigh RiseConstruction Materials: CBS ConstructionEast Of Us1Open BalconyIDX Participation: YesNew Construction: NoOpen Balcony

Building & Community

Amenities

Association: YesBarBarbecueExercise RoomOtherPrivate PoolSpa/Hot Tub

Security

Elevator SecureCard EntryLobby SecuredOther

Parking

Attached Garage: YesGarage: Yes1 SpaceValet

Pets & Restrictions

Pets AllowedRestrictions Or Possible Restrictions

Listing Information

Dates & Status

Contract Status Change Date2025-04-24
Listing Contract Date2025-04-24
Mls StatusActive
On Market Date2025-04-24

Details

County Or Parish: Miami-Dade CountyMajor Change Type: Price DecreaseNumber Of Units In Community: 646Condo-HotelCondoYear Built Details: Resale

Additional Details

Building Area Total1150
Building NameTHE ELSER
Door FeaturesHigh Impact Doors
Number Of Units Total646
Parcel Number01-41-37-078-0260
Property AttachedYes

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Courtesy of RGI Realty