The Elser Hotel and Residences Unit #3901

Listed as Pending Sale
Price: $1,099,000 15.5% price drop
Price / sq ft $956
HOA fee: $1,769
Living area: 1150 sq ft / 107 m²
Bedrooms / baths 3 bed, 3 full / 0 half bath
Address: 398 5th St # 3901
Area: Downtown Miami
Year built: 2022
MLS # A11790416

The Elser Hotel and Residences listing description

An elegant, high-floor residence created for those who want to experience Miami with ease without the responsibilities of full-time ownership.

An elegant, high-floor residence created for those who want to experience Miami with ease without the responsibilities of full-time ownership. Perfectly positioned in Downtown Miami, this turnkey unit functions as a refined pied-à-terre for buyers who value proximity to Brickell, Miami Beach, the Design District, and the airport, making arrivals and departures effortless. Whether used as a personal retreat or a flexible city base, the location offers unmatched connectivity to Miami’s most vibrant neighborhoods. When not in residence, owners may participate in professionally managed short-term rental programs, allowing the property to generate income in a fully hands-off manner. This structure is ideal for buyers who prefer simplicity and professional oversight rather than day-to-day rental operations. This is not a traditional investment property, it is a lifestyle-driven asset designed for those seeking flexibility, convenience, and optional revenue without operational complexity. Vacant and available for private showings.

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Copyright © 2026 Miami Association of REALTORS®. Listing provided courtesy of RGI Realty. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.