$599,000
398 NE 5th St #2116
Studio · 1 ba · 362 sq ft
Listing courtesy of United Realty Group Inc. 954-450-2000
From the MLS
- Bedrooms
- Studio
- Bathrooms
- 1
- Living area
- 362 sq ft
- Asking per square foot
- $1,655
- Year built
- 2022
- Association fee
- $557 monthly
- ZIP code
- 33132
- MLS number
- A11963081
What the listing says
Prime investment opportunity at The Elser Hotel & Residences in the heart of Downtown Miami. Luxury condo with no rental restrictions, allowing daily, weekly, and short-term rentals—ideal for investors seeking strong income potential in Miami’s high-demand short-term rental market. Turnkey, fully finished and furnished residences with floor-to-ceiling glass and private balconies offering sweeping city and bay views. Owners may participate in a professionally managed onsite rental program for seamless operations and optimized returns. Resort-style amenities include a panoramic bayfront pool deck, multi-level fitness center, coworking spaces, lounges, café, and concierge services. Unbeatable walkable location steps from Bayside Marketplace, Bayfront Park, Kaseya Center, dining, nightlife, Brightline and major transit. A rare chance to own a flexible-use, income-producing asset in one of Miami’s most dynamic urban cores.
Description supplied by United Realty Group Inc.
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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