About The Elser Residences
Developed by PMG & Greybrook Partners · Designed by Sieger Suarez Architects
The Elser Residences is a 49-story, 646-unit pre-construction tower at 398 NE 5th Street, co-developed by PMG and Greybrook Partners and designed by Sieger Suarez Architects. Marketed as Downtown Miami’s first bayfront condo tower with no rental restrictions, every residence is delivered fully furnished (interiors by Cotofana Designs) with smart-home technology and amenities including a bar and restaurant by Jaguar Sun and a 132-foot pool deck.
Building Fees & Assessments
MLS listings for The Elser Residences have shown a median association fee around $1.44/sqft/month -- shown per square foot, not as a flat dollar figure, since that's comparable across unit sizes rather than skewed by whichever units happen to be listed right now. This is a point-in-time reference, not a live figure, and can change over time. Confirm the current fee for a specific unit before making an offer.
Specific reserve fund balances, pending special assessments, and financial statements aren't public MLS data -- request them directly from the condo association or your agent before making an offer.
Frequently Asked Questions
Is The Elser Residences pet-friendly?
Yes, The Elser Residences is generally pet-friendly. Verify current pet rules and any breed or weight restrictions directly with the building association before purchasing.
What makes The Elser Residences distinct in Downtown Miami?
It's marketed as Downtown Miami's first bayfront condo tower with no rental restrictions -- all 646 residences are fully furnished and turnkey, aimed at investors who want short-term-rental flexibility rather than owner-occupants.
Reviewed by Carlos Olivares, FL License #3051724. Last updated September 2026.
Pre-construction pricing, availability, and delivery timelines are set by the developer and subject to change -- contact us for current terms.
