$539,000was $650,000

398 NE 5th St #2007

Studio · 1 ba · 442 sq ft

Asking price cut 17.1% on September 21, from $650,000.

63 days on marketCondominium

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Listing courtesy of EXP Realty LLC. 888-883-8509

From the MLS

Bedrooms: Studio
Bathrooms: 1
Living area: 442 sq ft
Asking per square foot: $1,219
Year built: 2022
Association fee: $600 monthly
ZIP code: 33132
MLS number: A12055966

What the listing says

NEW PRICE — Turnkey investment opportunity at The Elser with documented rental history and immediate participation in the building’s established hotel rental program. Unit 2007 is a fully furnished 442 SF hotel unit offering Kaseya Center skyline and partial Biscayne Bay views, a king-size bed, sofa bed, full kitchen, in-unit washer/dryer and secure keyless entry. Unlike purchasing new construction and waiting for completion, this is a completed 2022 property with an operating rental program and actual rental history available for buyer review. The unit is currently enrolled in The Elser’s professionally managed short-term rental program, offering flexible daily, weekly and long-term rentals together with personal-use flexibility. Amenities include a wraparound pool deck, bar and restaurant, two-story fitness center, 24/7 concierge, valet parking and Beach Club access. Ideally located in Downtown Miami near Kaseya Center, Bayside Marketplace, Brightline and Biscayne Bay.

Description supplied by EXP Realty LLC.

About The Elser Hotel & Residences

Forty-nine stories, 571 feet, 646 residences — a figure PMG and Greybrook publish and the Miami-Dade roll confirms exactly, folio for folio. In this market that almost never happens.

What has actually sold in The Elser Hotel & Residences →

That page takes its sale prices from the Miami-Dade county roll, not from a listing, and says how many recorded transfers were excluded as not arm’s-length. It is the number worth negotiating against.

Before you offer on this one

The asking price is the easy part. What decides a Miami condo purchase sits in the association’s budget, its reserve study, the last twelve months of board minutes and the milestone inspection — and in whether the declaration permits what you intend to do with it.

Stefania represents buyers. She does not hold this listing and has no stake in this one selling over any other, which is the position you want the person reading those documents to be in.

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Work with Stefania

Or tell her what you are actually looking for

One listing is a data point. If you say what the place is for, she will come back with the buildings that fit and the ones to avoid.

What the listing says

About The Elser Hotel & Residences

Before you offer on this one

Or tell her what you are actually looking for

Got it — that reached Stefania directly.