The Elser Hotel & Residences is a 47-story building in Downtown Miami offering 704 units with studio to three-bedroom floor plans. Located at 398 NE 5th Street.
HOA fee includesDetails pending — typical inclusions are water, cable, sewer, and trash
Avg HOA / month (MLS)$1,289
Lender & purchase requirements
—
primary residence
—
second home
—
investment
Review typeNot on file
Right of first refusalStatus unknown — contact HOA to confirm if they hold purchasing rights
Down payment notesNot on file
Actual down payment requirements vary by lender and loan program. Confirm current terms with your lender before making an offer.
Florida condo reform & structural compliance
Verify compliance with HOA before closing.
✗
SIRS required (3+ stories)
Building meets the state's 3-story threshold for a Structural Integrity Reserve Study
NO
SIRS study completed
Not confirmed in public records
VERIFY WITH HOA
✗
SIRS reported to state
No SIRS report on file with the state as of this listing
NO
Phase 1 milestone inspection
Not confirmed in public records
VERIFY WITH HOA
✓
40-year recertification
Date on file: Date not confirmed — verify with association or local municipality
ON FILE
Florida law note: SB 4-D requires condo associations with buildings 3+ stories to complete a SIRS and fund reserves accordingly. Contact the association for full reserve disclosure before closing.