The Elser
398 Northeast 5 Th Street, Downtown Miami, FL
The Elser
398 Northeast 5 Th Street, Downtown Miami, FL
For Sale
For Rent
List Price
$510K+
For Sale
For Rent
List Price
$510K+
About
The Elser
"BUSTLING LOCALE & GLIMMERING VIEWS OF BISCAYNE BAY" The Elser Hotel and Residences share the same bustling locale and glimmering views of Biscayne Bay previously enjoyed in the early 1900s at Elser Pier. Elser Pier’s idyllic positioning in the booming downtown corridor facilitated its position as Miami’s premier venue for entertainment and conventions. The pier’s multitude of venues and waterfront vistas served as an attraction for tourists and nearby residents. Elser Pier’s legacy and astounding success reshaped the vision for the corridor’s future and set the stage for the thriving bay front metropolis we know today. Fully furnished studios, 1-, 2- and 3-bedrooms MOVE-IN READY
Liam C Smith
liam.smith@elliman.com
Get exclusive availability, pricing, and floor plans for The Elser. Schedule a private showing today.
Key Building Details
Sales Stats
Key averages for these properties
Avg List Price
$928,151
Avg List Price / Sq Ft
$1,486
Avg Sale Price
$565,357*
*past 6 months
Avg Sale Price / Sq Ft
$1,107*
*past 6 months
113*
Avg Days on Market
*past six months
Sales History
Number of sold properties by month
May 20261
April 20263
March 20261
February 20260
January 20263
December 20253
Available properties at The Elser
Project Team
Developer
Property Markets Group (PMG) Greybrook
Architect
Sieger Suarez Architects
Interior Design
Cotofana Designs
Deposit Schedule
Step 1
10% deposit at Reservation
Step 2
20% deposit 30 days after
Step 3
Balance at closing.
Highlights
BUILDING FEATURED
49-story tower located in Downtown Miami
Designed by internationally renowned architecture firm Sieger Suarez Architects
646 luxury residences
Atelier Collection (Floors 14 - 20)
Bohème Collection (Floors 21 - 36)
Haute Collection (Floors 37 - 46)
Penthouses (Floor 47)
Views of the Miami skyline, unobstructed views of Biscayne Bay and the Atlantic Ocean
Modern Residential Lobby with 24/7 Concierge
Electric Vehicle Charging Stations
Features the Latest Smart Building Technology
Destination Controlled Elevator Dispatch
Smart Package Lockers
Digital Key
Guest Access
Payments
Package Deliveries
.
Messages from Management
Dry Cleaning & Laundry Service Lockers
Access-controlled entry points throughout
Valet Parking
-
RESIDENCES FEATURES
9’2” ceiling height with floor-to-ceiling windows
Balconies with stunning views of Biscayne Bay and the Miami city skyline
Porcelain wood-grain tile flooring throughout
Porcelain wood-grain tile flooring throughout
Built-in full-size washer and dryer (in select residences)
Ecobee smart thermostat
Fully-furnished studios, 1, 2 and 3-bedroom residences
Smart keyless entry
Pre-wired for high-speed communications, multiple telephone lines, and cable
Custom kitchen cabinetry by Italian design house Italkraft
Quartz kitchen counters
Frigidaire stainless-steel appliances including microwave, dishwasher, freestanding range oven and refrigerator
Affordability
Calculate your monthly mortgage payments
Your estimated payment: $3,385/month
Home Price
Down Payment
Interest Rate
Property Tax Rate
HOA /month
Insurance /month
Loan Type
Principal & Interest
$2,619Property Taxes
$467Home Insurance
$149HOA
$150Powered by Panda IDX · *Data used for estimated monthly cost is provided for informational purposes only. Actual rates may vary based on credit score, location, and lender. Interest rates as of March 2026.