The Elser Hotel & Residences is a 47-story building in Downtown Miami offering 704 units with studio to three-bedroom floor plans. Located at 398 NE 5th Street.
Financing a unit in this building: down payment minimums, how buyers are reviewed, and any special assessment.
Right of first refusal
Status unknown — contact HOA to confirm if they hold purchasing rights
SIRS & structural compliance
SIRS required for this buildingNo
SIRS study completedNot verified
Reserve study reported to the stateNot verified
Phase 1 milestone inspectionNot verified
40-year recertificationNot verified
Permits
Permits not yet researched for this building.
Reviews & reputation
4.5
out of 5 across 94 Google reviews
CONDO-HOTEL BUILDING -- reviews are entirely short-term/Airbnb guest stays, not residents. Guest complaints: cigarette-smell in a unit with an inadequately disclosed non-refundable cleaning fee, and general Airbnb-booking-platform friction. Positive guest sentiment on amenities and staff helpfulness. Not representative of condo-owner sentiment -- a dedicated resident-specific search would be needed.
Summaries are synthesized by Allioo from public review signals, not direct quotes from residents.
Market
Median sold price
Not available
Sold prices not yet available
Median sold $/sqft
Not available
Sold prices not yet available
Median rent
$3,200
As of April 2026
Bedroom-level sold data not yet available for this building.
Sold figures are from the Miami-Dade Property Appraiser. Each unit type uses the three most recent months with recorded sales. Median rent is from the MLS and may be delayed. Full stats
Frequently asked questions
12 months minimum
Details pending — typical inclusions are water, cable, sewer, and trash
SIRS is required (3+ stories): No. Study completion and state reporting — verify with the HOA before closing.
Status unknown — contact HOA to confirm if they hold purchasing rights
Data on this page is for informational purposes only and may be outdated or inaccurate. Confirm fees, rules, SIRS status, and other details directly with the building association before you buy or lease.
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