The Elser Residences: 642 Units in Downtown Miami, Delivered

The Elser Residences is a 49-story, 642-unit tower in Downtown Miami, developed by Property Markets Group and delivered in 2023. At 642 units, it's the largest building in this comparison by a wide margin -- which matters for liquidity: more units generally means more resale and rental comparables to check your own numbers against, instead of guessing off one or two recent sales.

One of the genuine differentiators of The Elser is that it doesn't impose the rental-frequency restrictions that many Miami condo buildings do -- owners can list short-term without fighting building policy. That's a real, checkable fact about the building. What it is not is a promise of any specific occupancy rate, nightly rate, or annual revenue: those depend entirely on your unit, your management, and market conditions at the time, and no single figure applies to every owner in a 642-unit building.

Miami is hosting matches during the 2026 FIFA World Cup, and Downtown Miami's hospitality and short-term rental market is a real beneficiary of that increased visitor traffic. That's worth factoring into your own research. What doesn't hold up is treating a mega-event as a guaranteed multiplier on your specific unit's income -- demand during a handful of weeks doesn't translate into a fixed annual revenue figure, and any article that gives you one specific number for "what you'll earn" is guessing, not calculating.