Elster (The)
The Elser (Elser Hotel & Residences) is a 47-story condominium tower at 398 NE 5th Street in Downtown Miami, completed in 2022 with 646 fully furnished residences ranging from studios to three-bedroom layouts. The tower was developed by Property Markets Group (PMG) and Greybrook Realty Partners, designed by Sieger Suarez Architects with interiors by Cotofana Designs. Amenities include a two-level fitness center, a resort-style pool, and on-site dining and lounge venues, and the building is known for its flexible short- and long-term rental program, an uncommon feature among Miami condo towers. It sits steps from Miami Worldcenter, Bayside Marketplace, and the Kaseya Center, placing residents within walking distance of Downtown Miami's dining, shopping, and entertainment hubs along Biscayne Bay.
Amenities
- Two-level fitness/wellness center
- Resort-style pool (approximately 125-132 feet) with private lounge areas
- On-site restaurant and cocktail bar (Jaguar Sun)
- Coffee lounge (Cafe Domino)
- Co-working space with conference rooms
- 24/7 concierge and valet parking
- Short-term and long-term rental program (managed by Highgate)
| Unit | Floor | Beds | Baths | Sq Ft | Floorplan |
|---|---|---|---|---|---|
| Residences | |||||
| 01 | 14-47 | 3 | 3 | 1,533 | View |
| 02 | 14-47 | Jr Suite | 1 | 549 | View |
| 03 | 14-47 | Jr Suite | 1 | 531 | View |
| 04 | 14-47 | Jr Suite | 1 | 535 | View |
| 05 | 14-47 | Jr Suite | 1 | 532 | View |
| 06 | 14-47 | Jr Suite | 1 | 532 | View |
| 07 | 14-47 | Jr Suite | 1 | 535 | View |
| 08 | 14-47 | Jr Suite | 1 | 524 | View |
| 09 | 14-47 | 2 | 2 | 1,429 | View |
| 10 | 14-47 | 1 | 1 | 688 | View |
| 11 | 14-47 | 2 | 2 | 1,202 | View |
| 12 | 14-47 | Studio | 1 | 472 | View |
| 13 | 14-47 | Studio | 1 | 459 | View |
| 14 | 14-47 | 1 | 2 | 851 | View |
| 15 | 14-47 | Jr Suite | 1 | 703 | View |
| 16 | 14-47 | Jr Suite | 1 | 455 | View |
| 17 | 14-47 | 2 | 3 | 1,254 | View |
| 18 | 14-47 | 3 | 3 | 1,491 | View |
| 19 | 14-47 | 1 | 1 | 769 | View |
Floor plans courtesy of the developer; dimensions are approximate and subject to change.
The Elser is located in Downtown Miami along Biscayne Bay, within walking distance of Miami Worldcenter, Bayside Marketplace, and the Kaseya Center. The area is a dense urban hub of dining, shopping, and business activity at the edge of the Biscayne Corridor.
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Miami, FL 33132
Available Residences at Elster (The)
3 Bedroom Condos · showing 5 of 12
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| 4701 | $1,650,000 | 3 / 3 | 1,150 | $1,435 | 106 |
| Listing courtesy of Marie Ann Altuve, MRI Realty Group, 786-280-2600. | |||||
| 2418 | $1,600,000 | 3 / 3 | 1,135 | $1,410 | 187 |
| Listing courtesy of Ana Osorio De Vega, EXP Realty LLC, 888-883-8509. | |||||
| 4618 | $1,599,000 | 3 / 3 | 1,135 | $1,409 | 202 |
| Listing courtesy of Peter Michael Blicharz, Serhant, 561-203-2762. | |||||
| 3318 | $1,450,000 | 3 / 3 | 1,135 | $1,278 | 88 |
| Listing courtesy of Ana Valeiras, United Realty Group Inc, 954-450-2000. | |||||
| 1601 | $1,399,999 | 3 / 3 | 1,150 | $1,217 | 212 |
| Listing courtesy of Sandra Guerra, EXP Realty LLC, 888-883-8509. | |||||
2 Bedroom Condos · showing 5 of 7
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| 3209 | $1,629,000 | 2 / 2 | 983 | $1,657 | 578 |
| Listing courtesy of Tingjun Lei, Lokation, 954-545-5583. | |||||
| 1811 | $1,449,000 | 2 / 2 | 818 | $1,771 | 205 |
| Listing courtesy of Priscila Freire, Finanz Butik Realty, 786-474-3131. | |||||
| 3811 | $1,385,000 | 2 / 2 | 818 | $1,693 | 200 |
| Listing courtesy of Piero Ruggeri, COSMORE Florida Corp., 786-536-2344. | |||||
| 3711 | $1,379,000 | 2 / 2 | 818 | $1,686 | 49 |
| Listing courtesy of Carlo Ortiz, Xcellence, 866-595-6025. | |||||
| 1911 | $1,300,000 | 2 / 2 | 810 | $1,605 | 23 |
| Listing courtesy of Patricia Villati, Deal Flow Realty, LLC., 305-927-7135. | |||||
1 Bedroom Condos · showing 5 of 11
| Unit | Asking Price | Bed(s)/Bath(s) | Living Size | Price/Sq.Ft. | Days on Market |
|---|---|---|---|---|---|
| 4719 | $1,139,000 | 1 / 1 | 626 | $1,819 | 63 |
| Listing courtesy of Yadira Orta- Rubio, Epique Realty Inc., 888-893-3537. | |||||
| 2910 | $1,050,000 | 1 / 1 | 509 | $2,063 | 498 |
| Listing courtesy of Carlos Torres Robayo, United Realty Group Inc, 954-450-2000. | |||||
| 1510 | $1,050,000 | 1 / 1 | 509 | $2,063 | 587 |
| Listing courtesy of Vanesa Seijas, Urban Development & Investments LLC, 786-452-1382. | |||||
| 1614 | $958,800 | 1 / 2 | 665 | $1,442 | 997 |
| Listing courtesy of Rongjie Sun, KWG Realty Group LLC, 954-980-6666. | |||||
| 2119 | $930,000 | 1 / 1 | 626 | $1,486 | 423 |
| Listing courtesy of Gustavo Landaeta Leal, EXP Realty LLC, 888-883-8509. | |||||
Compare every Downtown Miami building, its inventory, and area market trends in one place.
ANALYTICS
CURRENT INVENTORY
INVENTORY BY BEDROOM
- 0 Bed (11) 20%
- 1 Bed (27) 48%
- 2 Bed (7) 13%
- 3 Bed (11) 20%
INVENTORY TREND (ALL UNITS)
Market & Community Report
As of September 23, 2026, Elster (The) carries 56 active listings at an average asking price of $937K, with an average time on market of 206 days. Closed sales over the preceding 36 months averaged $1,194 per sq ft, and 24 transactions closed in the past 12 months — implying 28 months of supply against the current pace of absorption.
Zip code 33132 (Miami) is home to 18,244 residents with a median age of 34.5. Per-capita income stands at $76,436; 61.5% hold a bachelor's degree or higher. 27.8% of units are owner-occupied; 27.5% of residents work from home.
Data current as of September 23, 2026. Market metrics derived from MLS closed sales; community data from U.S. Census ACS.
Frequently Asked Questions — Elster (The)
How many condos are for sale at Elster (The)?
As of September 23, 2026, 56 residences are actively listed for sale at Elster (The). Current asking prices range from $489K to $1.7M. Inventory updates daily from the MLS.
How much do condos at Elster (The) cost?
Condos at Elster (The) are currently asking from $489K to $1.7M. Over the past 36 months, closed sales have averaged $1,194 per square foot. Final pricing varies by floor, line, square footage, finishes, and view.
What is the average price per square foot at Elster (The)?
Based on MLS closed sales over the preceding 36 months, the average sale price at Elster (The) is $1,194 per square foot. Use this as a benchmark when comparing active listings in the building.
Where is Elster (The) located?
Elster (The) is located at 398 Ne 5 St, Miami, FL, 33132, in the Downtown Miami area.
What neighborhood is Elster (The) in?
Elster (The) is in Downtown Miami, Miami. You can compare every condo building, home inventory, and price trend across Downtown Miami on its neighborhood guide.
How many units are in Elster (The)?
Elster (The) has 646 residences across 47 stories.
What year was Elster (The) built?
Elster (The) was completed in 2022.
What floor plans are available at Elster (The)?
Elster (The) has 19 published floor plans, spanning 1- to 3-bedroom layouts. See the Floor Plans tab above for unit lines, dimensions, and layouts.
What amenities does Elster (The) offer?
Elster (The) amenities include Two-level fitness/wellness center, Resort-style pool (approximately 125-132 feet) with private lounge areas, On-site restaurant and cocktail bar (Jaguar Sun), Coffee lounge (Cafe Domino), Co-working space with conference rooms, 24/7 concierge and valet parking, Short-term and long-term rental program (managed by Highgate).