The Elser Condos For Sale & Rent

The Elser Downtown Miami Condo Overview

The Elser Downtown Miami is a Downtown Miami condo building at 398 Ne 5th St in Downtown Miami, Miami. Built in 2022, the property has 49 stories and 646 residences. Buyers usually compare bay or skyline views, transit access, parking, rental rules, building amenities, and proximity to offices, arenas, parks, and dining.

The Elser Downtown Miami Condos for Sale

The Elser Downtown Miami condos for sale should be compared by bay, river, or skyline exposure, floor height, layout, interior condition, parking, rental flexibility, and monthly fees. Buyers should review recent comparable sales, view quality, interior condition, parking, monthly fees, building rules, reserves, and insurance considerations before deciding how a listing is positioned.

The Elser Downtown Miami Rentals and Rental Policy

Rental policy currently shows a short-term rental setup, a daily minimum rental term and no rental frequency restriction shown. Buyers should verify association rules, approval timing, lease fees, taxes, city requirements, and current restrictions before relying on projected income.

Amenities and Building Details

The building was designed by Sieger Suarez Architects and developed by Property Markets Group (PMG), Greybrook. The building is pet-friendly. Buyers should review amenities, parking, security, reserves, insurance considerations, association rules, and monthly fees with the specific residence. Residents and guests benefit from a large amenity program including a resort-style pool deck, fitness facilities, lounge and coworking-style spaces, and hospitality-oriented services.

What to Compare Before Buying at The Elser Downtown Miami

Compare active condos for sale, active rentals, recent sales, view quality, unit condition, monthly fees, parking, rental rules, pet policy, and Downtown Miami access.

Market Context

The Elser Downtown Miami has completed-year closed-sale history from 2024 through 2025 in the market statistics, with 16 recorded condo sales, or about 8 sales per year. That is a thinner resale sample, so each closed sale should be reviewed closely for condition, view, size, and unusual terms before using it as a benchmark. The busiest year in the series was 2025 with 13 sales, while the quietest was 2024 with 3. Recent completed-year sales volume is close to the long-term average. The gap between the busiest and quietest years also shows why buyers should separate building demand from broader market-cycle timing.

The completed-year price-per-square-foot history for The Elser Downtown Miami ranges from about $1,259/sqft to $1,586/sqft, with an average near $1,423/sqft across the years shown. That tighter band suggests buyers should focus heavily on the details that justify small pricing differences. The last completed year in the series is lower than the first, moving from $1,586/sqft in 2024 to $1,259/sqft in 2025. The recent completed-year price-per-square-foot average is close to the long-term average. Average closed price over the same completed-year period was about $693,846, but that number should be read by bedroom count, size, view, and renovation level.

Bedroom-level statistics also help explain value at The Elser Downtown Miami: 1 Bed and Studio units have the broadest historical comparison set, while 2 Beds around $1,275,000 and 1 Bed around $647,111 represent the higher average closed-price tiers in the chart data. Because the higher-tier segment has limited observations, it should be treated as directional rather than a standalone pricing rule. Buyers should compare units within the same bedroom count before deciding whether a listing is expensive or well positioned. The Elser Downtown Miami also has short-term rental flexibility with daily rental use and no rental frequency restriction shown, which should be read together with the long-term sales data. That flexibility can broaden buyer demand, but only when approval timing, seasonality, furnishings, taxes, fees, and local rules support the intended use.