398 NE 5th Street # 2403, Miami, FL

The Elser Hotel & Residences · 1 Bedroom · 1 Bathroom · 490 Sq Ft

The Elser Hotel & Residences Unit 2403 at 398 NE 5th Street # 2403, Miami, FL 33132 — photo 1
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About the Property

Lowest priced, turnkey largest studio layout at the iconic The Elser. This rare 490 sq ft studio offers a more spacious and functional design than the smaller studio layouts in the building, allowing for a comfortable bedroom setup with the bed facing the TV divider. Ideally located in the heart of Downtown Miami, just steps from world-class dining, entertainment, and cultural destinations. Features include floor-to-ceiling windows, private balcony, fully equipped kitchen, in-unit washer/dryer, and stylish finishes. Enjoy resort-style amenities such as a 132-ft rooftop pool with LED screen, spa, two-story fitness center, sky lounge, co-working spaces, grilling terrace, lobby bar, and 24/7 concierge. Short-term rentals allowed through in-house or approved management.

Unit 2403 in Context

Unit 2403 is located at 398 NE 5th Street, part of the 03 line on floor 24 of The Elser's 646-residence tower. 1 other 03 line residence is currently offered for sale in the building.

This Residence

$837/SF

Building Avg Asking

$1,463/SF

Financial

Fees & Taxes

Association Fee$679
Association Fee FrequencyMonthly
Lot Size Square Feet0
Tax Annual Amount$10,769
Tax ExemptionsTax Reflects No Homestead Exemption
Tax Year$2,025

Terms

Current Financing: CashAll CashConventionalFundingLong Closing PreferredNegotiable

Interior Features

Interior

Bathrooms Full: 1Bathrooms Half: 0Entry Level: 24FurnishedFurniture OnlyBuilt-in FeaturesUtility Room/LaundryNoneLaundryUtility Room/LaundryNoneRooms Total: 4Stories: 49Stories Total: 49

Appliances

DishwasherDryerElectric RangeRefrigeratorWasher

Cooling & Heating

Central AirCentral

Windows

Complete Impact Glass

Laundry

Laundry RoomUtility Room/Laundry

Exterior & Views

View

BayOceanBay ViewDirect OceanOcean View

Waterfront

WaterfrontYes

Pool & Spa

Covered Spaces: 1Garage Spaces: 1CommunityPool Private: YesSpa: Yes

Exterior

Concrete Block ConstructionCBS ConstructionOtherIDX Participation: YesLot Size Acres: 0New Construction: No

Building & Community

Amenities

Association: YesCommunity PoolElevator(s)Exercise RoomManagement On SitePoolPrivate PoolExercise RoomManagement On SiteMandatory HoaPool

Security

Security SystemLobby Secured

Parking

Garage: Yes1 SpaceAssignedGuestParking GarageParking Total: 1

Pets & Restrictions

Pets AllowedYes

Listing Information

Dates & Status

Close Date2026-06-24
Contract Status Change Date2026-06-24
Listing Contract Date2026-01-22
Mls StatusClosed
On Market Date2026-01-22

Details

CondominiumResidential-Multi-FamilyCounty Or Parish: Miami-Dade CountyDirection Faces: SoutheastMajor Change Type: ClosedStructure Type: CondoYear Built Details: ResaleZoning: 6401

Additional Details

Building Area Total490
Close Price$415,000
Other StructuresLivable
Parcel Number01-41-37-078-0790
Special Listing ConditionsShort Sale
UtilitiesCable Connected, Cable Available

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