NOT LISTED FOR SALE

The Elser 398 NE 5th St Unit 2118 Miami, FL 33132

Downtown Miami Neighborhood

Estimated Value: $1,195,000 - $1,255,000

3 Beds
3 Baths
1,135 Sq Ft
$1,081/Sq Ft Est. Value

About This Home

Sophisticated fully furnished 3BR/3BA corner residence at The Elser Hotel & Residences in Downtown Miami. This turnkey unit features floor-to-ceiling windows and a spacious wraparound balcony offering panoramic views of Biscayne Bay and the Miami skyline. Interior highlights include approximately 9'2'' ceilings, a modern kitchen with premium appliances, contemporary cabinetry, designer finishes, and smart home technology. The building allows short-term rentals, making it suitable for both investors and end users. Amenities include a rooftop pool, fitness center, concierge services, and valet. Conveniently located near Bayfront Park, Bayside Marketplace, dining, shopping, and major Downtown Miami attractions.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2024
Sold by
400 Biscayne Condo Owner Lp
Bought by
Elser 1518 Llc
Current Estimated Value
$1,227,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$812,500
Outstanding Balance
$794,887
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$432,228
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 Buyer Sale Price Title Company
Elser 1518 Llc $1,267,300 None Listed On Document
Mmm Land Trust $1,250,000 None Listed On Document
Source: Public Records

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 Borrower Loan Amount
Open Mmm Land Trust $812,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2026 03/06/26 For Sale $1,250,000 -- $1,101 / Sq Ft

Tax History

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 $22,321 $1,078,997 -- --
2024 $25,924 $1,172,823 -- --
2023 $25,924 $1,198,045 -- --
Source: Public Records

Agents Affiliated with this Home

  • Arthur Covas

    Seller's Agent in 2026

    Arthur Covas

    Linart Realty, LLC

    (561) 235-6804

    1 in this area

    35 Total Sales

    Arthur Covas
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About The Elser

Map

Florida Miami/Dade County Miami 33132 Downtown Miami

398 NE 5th St Unit 2118, Miami, FL

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