Downtown Miami · Completed
The Elser Hotel & Residences
398 NE 5th Street, Miami, FL 33132
The Elser Hotel & Residences is a completed 49-story luxury condo-hotel tower in Downtown Miami, developed by PMG and Greybrook. Delivered in 2023, the building offers 646 fully furnished residences with no rental restrictions, making it one of Miami's premier short-term rental investment opportunities. Located at 398 NE 5th Street, steps from Biscayne Bay and Miami Worldcenter, The Elser features a rooftop pool with panoramic bay views, fitness center, spa, co-working spaces, and a ground-floor restaurant. Residences range from studios to three-bedroom units, all featuring Italian kitchens, spa bathrooms, and floor-to-ceiling windows. The building operates as a full-service hotel with 24-hour concierge, housekeeping, and room service, allowing owners to generate income while not in residence.
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Key details
The Elser Hotel & Residences is presented as a completed condominium project at 398 NE 5th Street, Miami, FL 33132 in Downtown Miami. The published program describes 646 residences across 49 floors. The listed delivery timing is 2023; it is a published target rather than a guarantee of a particular closing date.
This overview is limited to the current project record and is kept separate from resale MLS inventory, which can describe completed homes rather than the development program itself.
PMG & Greybrook is identified as the developer; Sieger Suarez Architects is identified as the architect; an interior designer is not publicly released in this project profile. No separate brand association is listed in the current project profile.
- Location
- 398 NE 5th Street, Miami, FL 33132
- Developer
- PMG & Greybrook
- Architecture
- Sieger Suarez Architects
- Residences
- 646
About this development
The Elser Hotel & Residences is listed at 398 NE 5th Street, Miami, FL 33132 in Downtown Miami. Published project information identifies PMG & Greybrook as the developer. Sieger Suarez Architects is identified as the architect. The published program describes 646 residences across 49 floors. The listed delivery timing is 2023.
Individual residence layouts, outlooks and finishes can differ across the project. The project currently states From $550K as its published starting-price label. Current offerings, deposits and delivery timing should be reviewed in the applicable project materials before a buyer relies on them. Buyers can also compare the project with completed condominium listings nearby before deciding which details require a direct project inquiry.
The published amenities listed below are part of the project overview, rather than a promise that every residence includes the same services. Buyers can compare those features with completed condominium buildings in Downtown Miami through the linked local directory. Review the offering materials, individual residence facts, association documents, carrying costs and current contract terms for the specific home being considered. Explore Miami neighborhood guides, including Downtown Miami and browse completed Miami condo buildings for additional location and building research.
Project details on this page provide development-level context for the broader program. A particular residence may have its own floor plan, view, finish selections, parking or storage allocation, purchase timing, and contract terms.
The offering materials and current release information for the residence under consideration identify which details apply to that home. Published information can be revised as a project progresses, so later materials may differ from this record.
This overview does not replace those current residence-specific documents.
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Residences and pricing
The current project profile does not publish a complete residence-size range. Layouts, views, interior specifications, parking arrangements, and included services can differ by residence, so the individual plan and offering materials remain the source for those unit-specific terms.
The published project information identifies the address as 398 NE 5th Street, Miami, FL 33132. That address is the location reference for this profile; it does not imply that every plan has the same orientation, exposure, balcony, storage, parking, or finish selection.
For a project with 646 published residences, plan availability can change as releases, reservations, and contracts change. The project profile therefore distinguishes the published program from a promise of current inventory.
The published starting-price label is From $550K. Published price information by residence type is listed as Studio: From $550K; 1 Bedroom: From $800K; 2 Bedroom: From $1.3M; 3 Bedroom: From $2M. Price labels are not an offer for a particular unit and do not establish taxes, monthly association fees, closing costs, financing terms, or availability. Those values can differ by residence and should be confirmed from the current project materials.
Deposit schedule
The published payment milestones list 100% Resale — Contact for Details. A buyer should compare the written contract, the escrow language, payment timing, default provisions, association documents, and delivery provisions for the specific residence being considered. This project page does not substitute for the contract documents.
The project is categorized in the Downtown Miami area. Buyers comparing this new-development profile with a completed condominium should keep the project’s published pricing and contract milestones separate from current MLS asking prices, resale closing dates, and association data.
Amenities
6 published amenities are recorded for the project. The list below reflects the project profile and does not state that every home has the same access, view, service level, operating hours, or included fee.
- Rooftop pool and sundeck
- Fitness center and spa
- Co-working spaces
- Ground-floor restaurant
- 24-hour concierge
- Valet parking
Location
Project status, designs, pricing, availability, deposits and delivery dates can change. Confirm current authorized materials before making a decision.