The Elser Hotel & Residences
400 Biscayne Blvd, Miami, FL 33132
Purpose-built for short-term rental investment. 646 turnkey residences. Zero rental restrictions. The building itself runs competing listings. That changes the math.
InquireThe Elser Property Management
The Elser Hotel & Residences is a 49-story bayfront condo-hotel at 400 Biscayne Boulevard in Downtown Miami, completed in 2022. Co-developed by PMG and Greybrook Partners and designed by Sieger Suarez Architects, it is the newest construction on this list — all appliances, fixtures, and furnishings are at the beginning of their useful life.
As of January 2026, The Elser has zero rental restrictions. It was conceived from the ground up as a short-term rental investment vehicle — the first bayfront condo tower in Downtown Miami built with that explicit mandate. All 646 residences are delivered fully furnished and turnkey-ready with interiors by Cotofana Designs and smart-home technology. The in-house management program through Pinnacle is optional, not mandatory. Virestia confirms current policy status as part of every engagement.
For broader context on Downtown Miami's regulatory environment, see our Miami property management overview. Our Insights cover yield dynamics and operating benchmarks across all three of our markets.
- Address
- 400 Biscayne Blvd, Miami, FL 33132
- Neighborhood
- Downtown Miami
- Classification
- Condo-Hotel
- Completed
- 2022
- Total Units
- 646
- Stories
- 49
- Unit Types
- Studios, 1-BR, 2-BR, 3-BR (all turnkey)
- Delivered
- Fully furnished, smart-home equipped
- Pet Policy
- Contact association for current policy
- HOA Includes
- Contact association for current inclusions
Built for Investors. That Is Also the Problem.
Supply Concentration
The Elser's 646 units represent one of the largest purpose-built STR inventories in Miami. Every unit was delivered with identical furnishings, identical finishes, and identical floor plans within each unit type. When the building itself also operates official Airbnb listings under The Elser Hotel brand — competing directly with independent owners for the same booking traffic — the result is significant internal supply pressure.
In this environment, two owners with identical units on the same floor can see meaningfully different returns based solely on listing quality, pricing strategy, and guest experience. The baseline is commoditized. The operator is the variable.
Location Leverage
What The Elser does have is location. Adjacent to the new Waldorf Astoria Residences and directly across from the Kaseya Center, the building sits at the center of Downtown Miami's entertainment and cultural corridor. Bayfront Park, Bayside Marketplace, the Perez Art Museum, and the Frost Museum of Science are all within walking distance.
The cruise port is 1.5 miles away, creating a pre- and post-cruise booking segment that most condo-hotels cannot access. Downtown Miami is also a key zone for the 2026 FIFA World Cup, with proximity to venues and transit expected to drive elevated demand during the tournament window. These location-driven demand spikes reward operators who price dynamically and capture bookings early.
The Elser — What Owners Need to Know.
646 Identical Units. Yours Needs to Stand Apart.
Virestia manages short-term rental properties at The Elser with dynamic pricing, differentiated guest experience, and full regulatory compliance.
Contact Us