The Elser 398 NE 5th St Unit 2007 Floor 20 Miami, FL 33132
Downtown Miami NeighborhoodEstimated payment $4,563/month
Highlights
- Doorman
- Private Beach Pavilion
- New Construction
- Bar or Lounge
- Fitness Center
- Bay View
About This Home
Turnkey Investment Opportunity at The Elser Hotel & Residences — Unit 2007
Fully furnished, turnkey studio residence at The Elser, ideally positioned with sweeping views of the Kaseya Center skyline and partial Biscayne Bay water views. This designer-finished unit features a king-size bed, sofa bed, full kitchen, in-unit washer/dryer, and secure keyless entry — ready to generate income from day one.
Enrolled in The Elser's professionally managed short-term rental program with a proven, documented income history, this is a rare opportunity to own real, verified cash flow rather than a projection. Investor-friendly building with flexible daily, weekly, and long-term rental permissions.
Residents and guests enjoy resort-caliber amenities including a wraparound rooftop pool with bar and restaurant, two-story fitness center, 24/7 concierge, valet parking, and Beach Club access.
Unbeatable Downtown Miami location steps from Kaseya Center, Bayside Marketplace, the Brightline station, and Biscayne Bay, bringing global demand to Downtown Miami's short-term rental market.
Whether for personal use, a pied-à-terre, or a high-performing investment asset, Unit 2007 offers a rare blend of location, view, and income potential in one of Miami's most in-demand condo-hotel addresses.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $9,430
Year Built
- Built in 2022 | New Construction
HOA Fees
- $600 Monthly HOA Fees
Parking
- 1 Car Garage
- Secured Garage or Parking
Home Design
- Entry on the 20th floor
- Concrete Block And Stucco Construction
Interior Spaces
- 442 Sq Ft Home
- Built-In Features
- Thermal Windows
- Blinds
- Combination Dining and Living Room
Kitchen
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- Closet Cabinetry
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Home Security
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient Construction
- Energy-Efficient HVAC
- Energy-Efficient Lighting
- Energy-Efficient Thermostat
Additional Features
- Balcony
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 01-41-37-078-2110
Community Details
Overview
- 646 Units
- High-Rise Community
- The Elser Condos
- Map Of Miami Dade Co. Fl. Subdivision
- 49-Story Property
Amenities
- Doorman
- Valet Parking
- Community Barbecue Grill
- Sauna
- Clubhouse
- Business Center
- Bar or Lounge
- Secure Lobby
Recreation
- Private Beach Pavilion
- Community Playground
- Community Spa
Pet Policy
- Pets Allowed
Security
- Security Guard
- Secure Elevator
- High Impact Windows
- High Impact Door
- Fire and Smoke Detector
- Fire Sprinkler System
Map
About The Elser
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,690 | $522,610 | ||
| 2024 | $11,516 | $550,116 | ||
| 2023 | $11,516 | $532,190 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/02/2026 08/02/26 | Price Changed | $579,000 | -10.9% | $1,310 / Sq Ft | |
| 07/20/2026 07/20/26 | For Sale | $650,000 | +13.0% | $1,471 / Sq Ft | |
| 03/12/2025 03/12/25 | Sold | $575,000 | 0.0% | $1,301 / Sq Ft | View Prior Sale |
| 12/13/2024 12/13/24 | Price Changed | $575,000 | -4.0% | $1,301 / Sq Ft | |
| 10/22/2024 10/22/24 | For Sale | $599,000 | -- | $1,355 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $575,000 | Pinnacle Title Group | |
| Special Warranty Deed | $686,500 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $411,876 | New Conventional |
Source: MIAMI REALTORS® MLS
MLS Number: A12055966
APN: 01-4137-078-2110
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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