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398 NE 5th St #3811

$1,335,000

2 bd · 2 ba · 818 sqft · The Elser · Downtown

18% above The Elser’s asking median $/sqftPrice cut -4% · was $1,385,000
Negotiation read: On the market 227 days — longer than this building’s typical ~94 · Already reduced 4% from the original ask.
Status
For sale
Price per sqft
$1,632/sqft
HOA
$1,543/mo
Year built
2024
Floor
38
Parking
1
Furnished
—
View
Bay, Intracoastal View, Water View
Waterfront
Yes
Days on market
227
Listed
Feb 21, 2026
MLS #
A11969815

Highlights from the listing

Pulled from the MLS description. Verify with the listing agent.

Short-term leases OK

“allows short-term rentals, including daily rentals”

About this unit

Unit 3811 at Elser Hotel & Residences is a stunning 2-bedroom, 2-bathroom residence featuring breathtaking bayfront and direct water views. From an elevated position, the home offers panoramic views of the park and Biscayne Bay, highlighted by floor-to-ceiling windows that provide ample natural light and showcase the waterfront scenery. The residence comes fully furnished and turnkey. Located in one of Downtown Miami’s premier buildings, the property allows for short-term rentals, including daily rentals

Listing courtesy of COSMORE Florida Corp., Piero Ruggeri (Lic. #3530106) · MLS #A11969815 · Updated Oct 6, 2026

Neighborhood & lifestyle

What's around this home in Downtown — transit, parks, dining and landmarks within reach.

Nearby & transit
MetromoverMetrorail (Government Center)Bayfront ParkBayside MarketplaceKaseya CenterMiami Riverwalk

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