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$599,999was $680,000

398 NE 5th St #2904

1 bd · 1 ba · 443 sq ft

Asking price cut 11.8% on August 25, from $680,000.

73 days on marketCondominium

Listing courtesy of Keller Williams Eagle Realty. 305-757-1700

From the MLS

Bedrooms
1
Bathrooms
1
Living area
443 sq ft
Asking per square foot
$1,354
Year built
2022
Association fee
$494 monthly
ZIP code
33132
MLS number
A12039636

What the listing says

Experience luxury living and exceptional investment potential at The Elser Hotel & Residences in the heart of Downtown Miami. This beautifully furnished residence features floor-to-ceiling impact glass, premium finishes, a fully equipped gourmet kitchen, private balcony, and breathtaking panoramic views of Biscayne Bay and the Miami skyline. With no rental restrictions, owners may enjoy the residence as a primary or secondary home or maximize income through daily, weekly, short-term, or long-term rentals. An optional professionally managed onsite rental program offers seamless ownership and income potential. Residents enjoy world-class amenities including a resort-style bayfront pool deck with private cabanas, two-story fitness center, yoga studio, coworking spaces, owners' lounge, restaurant, café, concierge, valet, and 24-hour security. Ideally located across from Bayfront Park and Bayside Marketplace and just steps from the Kaseya Center, Brightline, PortMiami, Brickell, the Adrienne Arsht Center, world-class dining, shopping, and entertainment. A rare opportunity to own a flexible luxury residence in one of Miami's most sought-after waterfront destinations.

Description supplied by Keller Williams Eagle Realty.

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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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.

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