398 NE 5th St # 4207, Miami, FL

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

The Elser Hotel & Residences Unit 4207 at 398 NE 5th St # 4207, Miami, FL 33132 — photo 1
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About the Property

The best investments begin with vision. One of the best-priced residences at The Elser , this fully furnished turnkey residence is professionally managed for short-term rentals, offering a seamless ownership experience in the heart of Downtown Miami. Ideally positioned along Biscayne Boulevard , adjacent to the iconic Waldorf Astoria Residences Miami and surrounded by transformative developments including Miami Worldcenter , Brightline, Kaseya Center and Bayside. Perfectly situated within one of Miami's most prestigious luxury growth corridors, this residence presents an exceptional opportunity to enjoy today while investing in tomorrow.

Unit 4207 in Context

Unit 4207 is located at 398 NE 5th St, part of the 07 line on floor 42 of The Elser's 646-residence tower. 5 other 07 line residences are currently offered for sale in the building.

This Residence

$1,324/SF

Building Avg Asking

$1,463/SF

Financial

Fees & Taxes

Association Fee$679
Association Fee FrequencyMonthly
Lot Size Square Feet0
Tax Annual Amount$11,772
Tax Year$2,024

Terms

Current Financing: CashAll CashConventionalPossession: Funding

Interior Features

Interior

Bathrooms Full: 1Bathrooms Half: 0Entry Level: 42Furnished: FurnishedLobbyFirst Floor EntryElevatorStudioRooms Total: 0Stories Total: 49

Appliances

DishwasherDryerMicrowaveOther Equipment: Elevator

Flooring

Ceramic Floor

Cooling & Heating

Central AirElectric

Exterior & Views

View

BayIntracoastal ViewOther View

Waterfront

Frontage Type: BayWaterfront: YesIntracoastal FrontOcean Front

Pool & Spa

Covered Spaces1
Garage Spaces1
Pool PrivateYes

Exterior

East Of Us1Open BalconyIDX Participation: YesNew Construction: NoOpen Balcony

Building & Community

Amenities

Association: YesElevator(s)Exercise RoomPoolPrivate Pool

Security

Elevator SecureLobby SecuredOther

Parking

Garage: Yes1 SpaceAdditional Spaces Available

Pets & Restrictions

Pets AllowedRestrictions Or Possible Restrictions

Listing Information

Dates & Status

Close Date2026-08-24
Contract Status Change Date2026-08-24
Listing Contract Date2025-06-27
Mls StatusClosed
On Market Date2025-06-27

Details

County Or Parish: Miami-Dade CountyMajor Change Type: ClosedCondo-HotelCondoYear Built Details: Effective Year Built

Additional Details

Building Area Total442
Building NameTHE ELSER
Close Price$540,000
Door FeaturesHigh Impact Doors
Parcel Number01-41-37-078-2330
Possible UseInvestment
Property AttachedYes
Property ConditionNew Construction

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Courtesy of Related General Realty, LLC.