398 NE 5th Street # 2503, Miami, FL

The Elser Hotel & Residences · 1 Bedroom · 1 Bathroom · 439 Sq Ft

The Elser Hotel & Residences Unit 2503 at 398 NE 5th Street # 2503, Miami, FL 33132 — photo 1
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About the Property

Enjoy the best of both worlds—own your Miami pied-à-terre and generate income through the on-site hotel rental program whenever you're away! Experience the perfect blend of luxury and investment at The Elser Hotel & Residences in Downtown Miami! This fully furnished studio offers modern décor, a king-size bed, pull-out couch, and a sleek kitchen with high-end appliances. Enjoy stunning views of Biscayne Bay and Miami Beach. Approved for short-term rentals (Airbnb/VRBO), it's ideal for INVESTORS and VACATIONERS alike. Amenities include a wrap-around pool, 2-story gym, rooftop lounge, valet, and concierge. Steps from Bayside, Kaseya Center, Port of Miami, and more. Own a turn-key gem in the heart of Miami's most vibrant neighborhood!

Unit 2503 in Context

Unit 2503 is located at 398 NE 5th Street, part of the 03 line on floor 25 of The Elser's 646-residence tower. 1 other 03 line residence is currently offered for sale in the building.

This Residence

$1,128/SF

Building Avg Asking

$1,463/SF

Financial

Fees & Taxes

Association Fee$455
Association Fee FrequencyMonthly
Lot Size Square Feet0
Tax Annual Amount$11,178
Tax Year$2,024

Terms

Current Financing: ConventionalAll CashConventional

Interior Features

Interior

Bathrooms Full: 1Bathrooms Half: 0Entry Level: 25FurnishedFurniture OnlyCloset CabinetryStudio ApartmentNoneStudioStudio ApartmentNoneRooms Total: 3Stories: 49Stories Total: 49

Appliances

DishwasherDisposalDryerMicrowaveElectric RangeWasher

Cooling & Heating

Central Building A/CCentral AirElectricCentral Building A/CCentralElectric

Windows

Complete Impact Glass

Exterior & Views

View

BayBay View

Waterfront

WaterfrontYes

Pool & Spa

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

Exterior

Concrete Block ConstructionCBS ConstructionOpen BalconyIDX Participation: YesNew Construction: NoOpen Balcony

Building & Community

Amenities

Association: YesBusiness CenterCommunity PoolElevator(s)Exercise RoomPoolPrivate PoolTrash ChuteTrash ChuteExercise RoomMandatory HoaPool

Security

Smoke AlarmSmoke Detector(s)Fire AlarmSecurity SystemSmoke DetectorDoormanLobby SecuredLobby Attended

Parking

Garage: Yes1 SpaceAssignedAwningCoveredParking GarageParking Total: 1

Pets & Restrictions

Pets AllowedYes

Listing Information

Dates & Status

Close Date2025-12-15
Contract Status Change Date2025-12-15
Listing Contract Date2025-05-28
Mls StatusClosed
On Market Date2025-05-28

Details

County Or Parish: Miami-Dade CountyDirection Faces: EastThe building is located at 398 NE 5th Streeton the corner of NE 5th St and NE 4th Avenear Bayside Marketplace and the Kaseya Center.Major Change Type: ClosedStructure Type: CondoYear Built Details: ResaleZoning: 6401

Additional Details

Building Area Total439
Close Price$475,000
Other StructuresLivable
Parcel Number01-41-37-078-0800
UtilitiesCable Connected, Water Connected, Cable Available, Water Available

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