One of the most in-demand investments in the Miami area is for luxury residences that allow short term rentals so that investors will have a place to stay when visiting Miami, yet earn a return when they are not using the unit. The big challenge we have experienced is that most of this product is currently under construction, so investors must wait for their returns.
With The Elser, you can begin earning a return on a luxury residential short term rental immediately. The residences are fully built-out and furnished, and the building boasts an attractive short term rental program for the owners.
The Elser Hotel Downtown Miami Pool
Location
The Elser Hotel is conveniently located at 398 NE 5th St, Miami, FL 33132 in the heart of Downtown Miami. This is along Biscayne Boulevard at NE 5th Street, overlooking Bayfront Park, the Biscayne Bay, Bayside Marketplace and Kaseya Stadium.
The central location makes this an ideal location for visitors as it is also adjacent to a stop of the free Miami Metromover that can take visitors South into the Brickell Financial District to visit Brickell City Centre, or North to visit Miami Worldcenter, the Museum District and the Arts and Entertainment District. It is so close to Kaseya Center that many of the Miami Heat players have taken on residences here to rest before and after games, then using them as investments during the off-season.
With such a location, the views are awe-inspiring. You can see all the way to the Atlantic Ocean, or enjoy the glittering lights of the city all the way to the Florida Everglades from a higher floor.
The Elser Hotel Downtown Miami Corner Terrace
The Elser Hotel Downtown Miami Park View
The Elser Hotel Downtown Miami Outdoor Lounge
Amenities
Being that The Elser is operating as a hotel, it is full of 5 star amenities and services.
The sky lawn allows you to embrace the bay breeze and enjoy an outdoor theater or simply socialize with friends and family. Also in the sky lawn is the expansive Infinity-style pool with both shade and sunny areas and a poolside theater.
The Elser Hotel Downtown Miami Amenity Deck Lounge
The Elser Hotel Downtown Miami Shade Pool
The Elser Hotel Downtown Miami Pool Theater
Fitness is also paramount at The Elser, particularly since so many of the Miami Heat players are advocates of the project and let’s face it. Miami is a healthy city. There are both indoor and outdoor gym areas with a shaded yoga deck near the sky lawn as well as a state of the art indoor gym with free weigh stations, machines as well as a cardio station.
The Elser Hotel Downtown Miami Cardio Station
The Elser Hotel Downtown Miami Free Weights
The Elser Hotel Downtown Miami Outdoor Yoga Station
The Elser Hotel Downtown Miami Outdoor Yoga
The Elser Hotel Downtown Miami Weight Room
If you are feeling more leisurely, there is also a signature restaurant and poolside bar where you can kick back with a frozen drink if that is your vibe. The fully serviced lobby offers concierge services in case you need restaurant recommendations or tickets to a show or game.
The Elser Hotel Downtown Miami Outdoor Bar
The Elser Hotel Downtown Miami Front Desk
The Elser Hotel Downtown Miami Lobby
Interiors And Layouts
All of the layouts of the residences are apartment-style even though The Elser operates as a hotel. The layouts are offered in studios, 1- 2- and 3- bedroom layouts, each with a unique and expansive view of either the Biscayne Bay or of Downtown Miami.
The ceilings are all 9’2″ high with floor-to-ceiling impact glass windows and terrace entrances. The impact glass helps to insulate against city sounds to accommodate more peaceful sleeping and living.
Each unit has porcelain flooring with a unique wood grain pattern throughout, which allows the look of wood floors but with added durability to prepare for the increased traffic of the guests.
The kitchens are outfitted with Italkraft cabinetry, quartz countertops and Frigidaire stainless appliances that include refrigerator, range and oven, dishwasher and microwave. There is also a built-in full-size washer and dryer.
In the bedrooms and bathrooms you will find fully built-out California closets, glass-enclosed showers, Italkraft vanities and modern matte black plumbing fixtures.
In addition to the luxurious appeal of the finishes, the residences are also smart. They are pre-wired for high-speed communications, cable and multiple phone lines. There is no need to keep up with keys as the doors are secured with a smart keyless entry system.
The Elser Hotel Downtown Miami Bathroom
The Elser Hotel Downtown Miami Corner Unit
The Elser Hotel Downtown Miami Studio Kitchen
There are currently available purchase opportunities in 1- 2- an 3- bedroom layouts with immediate returns/occupancy and prices beginning at $799,000.
If you are interested in a private presentation of the project with specific details, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
