We are pleased to announce that Elser Hotel & Residences in downtown Miami is now fully sold out. With its unique hotel-condo model, prime waterfront location, and expansive amenity platform, Elser has attracted exceptional demand across local, national, and international buyers.
Elser is located at 398 NE 5th Street, Downtown Miami, overlooking Biscayne Bay and positioned just steps from key urban nodes such as Bayfront Park, Bayside Marketplace, and the FTX (Kaseya) Center. The building’s orientation delivers sweeping views of both the bay and the Miami skyline.
Originally acquired as a rental tower, Elser was converted to a condominium scheme to meet demand for ownership + hotel flexibility. The lack of restrictive lease policies makes Elser among the more flexible condo-hotel products in downtown Miami.
One of Elser’s distinguishing features is its integrated hotel component. Owners have the option to enroll their units in the hotel program, enabling short-term / day rentals via the in-house hospitality management platform. The turnkey nature of the units (fully furnished, managed) reduces friction for investors seeking hotel income exposure.
The hotel model and prestige of the project naturally position it to host high-net-worth guests, including athletes, executives, and high-profile visitors drawn to Miami’s luxury hospitality market.
Units in Elser feature floor-to-ceiling windows and walk-out balconies that frame dramatic panoramas of Biscayne Bay, the Atlantic horizon, and the downtown skyline. Interiors include porcelain wood-grain tile flooring, Italian cabinetry, quartz countertops, built-in appliances, and smart home systems. The design team (Sieger Suarez Architects + interior design partners) balanced clean modern lines with materials and finishes that invite warmth and livability.
The amenity suite at Elser is both expansive and thoughtfully curated, designed to serve the needs of long-term residents and hotel guests alike. Spanning more than 19,000 square feet, the double-height amenity deck offers sweeping bay and city views, anchored by a 132-foot resort-style pool with private lounge zones and a dramatic 16-foot LED wall for poolside screenings and events. Residents and guests can enjoy a sky entertainment lounge and outdoor grilling terrace, as well as a two-level coworking “Lab” with 11 reservable conference rooms and a dedicated outdoor event lawn. Wellness and recreation are central to the offering, with multi-level fitness facilities, a yoga deck, spa and swim spa, and sauna. The lobby features a cocktail bar and restaurant by Jaguar Sun, complemented by curated art installations and lush green walls. Additional conveniences, including concierge and valet service, package lockers, app-enabled smart building controls, EV charging, and secure access, round out a lifestyle platform that blends hospitality, community, and modern urban living.
We are proud to see Elser Hotel & Residences fully sold out, a clear reflection of its unmatched location, world-class design, and the enduring demand for quality living in the heart of downtown Miami.
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