The Elser Hotel & Residences Condos, Downtown Miami | Prices, Sold Data & Building Guide
The Building FileExpediente del Edificio

The Elser Hotel & Residences, Downtown Miami

398 NE 5th St, Downtown Miami, a 49 story tower of 646 turnkey residences by PMG and Greybrook, designed by Sieger Suarez Architects and delivered in 2022. Built as a rental tower and switched to condominiums, it carries no rental restrictions, so an owner can let daily. Every residence currently for sale or rent, live from the MLS.398 NE 5th St, Downtown Miami, una torre de 49 pisos con 646 residencias amuebladas de PMG y Greybrook, disenada por Sieger Suarez Architects y entregada en 2022. Construida como torre de alquiler y convertida en condominios, no tiene restricciones de renta, asi que el propietario puede alquilar por dia. Cada residencia actualmente en venta o renta, en vivo del MLS.

SpecificationEspecificación
MIAMI MLS · UPDATED DAILYMIAMI MLS · ACTUALIZADO A DIARIO
DeveloperDesarrollador
PMG and Greybrook
ArchitectArquitecto
Sieger Suarez Architects
CompletedTerminado
2022
StoriesPisos
49
ResidencesResidencias
646
NeighborhoodBarrio
FILE MAINTAINED BY LI BENSIMON · COMPASS · MIAMI MLSEXPEDIENTE POR LI BENSIMON · COMPASS · MIAMI MLS
Market activityActividad del mercado
Closed salesVentas cerradas
22
Last 12 monthsÚltimos 12 meses
Median closed pricePrecio mediano
$462,500
Across 22 salesEn 22 ventas
Price rangeRango de precios
$400,000 – $1,150,000
Lowest to highest closingDe menor a mayor cierre
Median price / SFPrecio mediano / pie²
$1,106
From 22 sales reporting sizeDe 22 ventas con superficie
Sold vs askingCierre vs precio pedido
94.3%
Median of 31 sales, last 24 months, 1 over askingMediana de 31 ventas, 24 meses, 1 por encima del pedido
List to closeDe listado a cierre
147 days
Median of 31 sales, last 24 months, escrow includedMediana de 31 ventas, 24 meses, incluye el cierre
Closed leasesRentas cerradas
14
Last 12 monthsÚltimos 12 meses
Median rentRenta mediana
$3,100/mo
Across 14 leasesEn 14 rentas
UnitsUnidades
56 for sale56 en venta24 for rent24 en renta
56 residences for sale in this building, live from the MIAMI MLS56 residencias en venta en este edificio, en vivo del MIAMI MLS
View all in full search →Ver todo en búsqueda completa →
Data deemed reliable but not guaranteed accurate by MIAMI REALTORS®.Datos considerados confiables pero no garantizados por MIAMI REALTORS®.
Recently sold in MiamiVendidos recientemente Downtown Miami market pulsePulso del mercado Downtown Miami Open in full searchAbrir en búsqueda completaMortgage calculatorCalculadora de hipotecaRecertification Calculator →Calculadora de Recertificación →
24 residences for rent in this building, live from the MIAMI MLS24 residencias en renta en este edificio, en vivo del MIAMI MLS
View all in full search →Ver todo en búsqueda completa →
Data deemed reliable but not guaranteed accurate by MIAMI REALTORS®.Datos considerados confiables pero no garantizados por MIAMI REALTORS®.
Open rentals in full searchAbrir rentas en búsqueda completa Ask Li about renting hereConsultar a Li sobre rentas

Past sales.Ventas anteriores.

Real recorded closings in this tower, your comp sheet for any unit upstairs.Cierres reales registrados en esta torre, sus comparables para cualquier unidad.

Median recent closing ~$1,107 / SF across 20 MLS salesCierre reciente mediano ~$1,107 / SF en 20 ventas MLS
UnitUnidadSoldVendidoBdBaSq FtSold PricePrecio$/SF
#4207Aug 24, 202601442$540,000$1,222
#4518Aug 14, 2026331,135$1,050,000$925
#2403Jun 24, 202611490$415,000$847
#2316May 7, 202601362$420,000$1,160
#3709Apr 27, 202622983$1,150,000$1,170
#3709Apr 24, 202622983$1,150,000$1,170
#4507Apr 23, 202611442$520,000$1,176
#3008Apr 23, 202611430$450,000$1,047
#1905Apr 20, 202611442$420,000$950
#4616Apr 15, 202601362$415,000$1,146
#4516Apr 10, 202601362$410,000$1,133
#1416Mar 9, 202601455$400,000$879
#1906Jan 28, 202601443$475,000$1,072
#3406Jan 21, 202611443$450,000$1,016
#2503Dec 15, 202511439$475,000$1,082
#2506Dec 12, 202511443$475,000$1,072
#1803Dec 11, 202511439$435,000$991
#4613Dec 5, 202501357$580,000$1,625
#2815Nov 24, 202511560$620,000$1,107
#1412Nov 10, 202501341$400,000$1,173

Source: MIAMI MLS closed sales. Updates automatically as new closings are recorded. Data deemed reliable but not guaranteed accurate by MIAMI REALTORS®.Fuente: ventas cerradas de MIAMI MLS. Se actualiza automáticamente con cada nuevo cierre.

Past rentals.Rentas anteriores.

Closed leases recorded in this tower. What tenants actually paid, not asking prices.Rentas cerradas registradas en esta torre. Lo que los inquilinos realmente pagaron.

UnitUnidadLeasedRentadoBdBaSq FtRentRenta
#2910Jul 15, 202611509$4,350/mo
#2802Jul 5, 202601430$2,900/mo
#2602Jun 26, 202601430$2,700/mo
#1510Jun 17, 202611509$4,300/mo
#2515Jun 10, 202611560$3,000/mo
#2415Apr 10, 202611560$3,200/mo
#1518Feb 20, 2026331,127$8,000/mo
#3711Feb 13, 202622818$7,100/mo
#2207Feb 9, 202611442$3,000/mo
#2218Feb 1, 2026331,135$9,000/mo
#3419Dec 30, 202511626$4,500/mo
#3107Oct 17, 202511442$2,750/mo
#2515Oct 10, 202511560$3,000/mo
#4602Oct 3, 202511430$2,750/mo
#4211Aug 11, 202522818$6,000/mo

Source: MIAMI MLS closed leases. Data deemed reliable but not guaranteed accurate by MIAMI REALTORS®. Ask Li what your unit could rent for: contact Li.Fuente: rentas cerradas de MIAMI MLS. Pregunta a Li cuánto podría rentar tu unidad: contactar a Li.

Private ShowingsVisitas Privadas

Touring The Elser Hotel & Residences?¿Visitar The Elser Hotel & Residences?

Li tours this building with clients regularly, lines, views, HOA realities and which units to skip. Off-market units included.Li recorre este edificio con clientes regularmente, líneas, vistas, realidades del HOA y qué unidades evitar. Incluye unidades fuera del mercado.

Schedule With LiAgendar Con Li
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