Real Estate by Fania — Stefania Riverin
(786) 828-0091

$469,000was $495,000

398 NE 5th St #1902

Studio · 1 ba · 430 sq ft

Asking price cut 5.3% on October 26, from $495,000.

42 days on marketCondominiumWaterfront
398 NE 5th St #1902, photograph 1 of 31398 NE 5th St #1902, photograph 2 of 31398 NE 5th St #1902, photograph 3 of 31398 NE 5th St #1902, photograph 4 of 31398 NE 5th St #1902, photograph 5 of 31398 NE 5th St #1902, photograph 6 of 31398 NE 5th St #1902, photograph 7 of 31398 NE 5th St #1902, photograph 8 of 31398 NE 5th St #1902, photograph 9 of 31398 NE 5th St #1902, photograph 10 of 31398 NE 5th St #1902, photograph 11 of 31398 NE 5th St #1902, photograph 12 of 31398 NE 5th St #1902, photograph 13 of 31398 NE 5th St #1902, photograph 14 of 31398 NE 5th St #1902, photograph 15 of 31398 NE 5th St #1902, photograph 16 of 31398 NE 5th St #1902, photograph 17 of 31398 NE 5th St #1902, photograph 18 of 31398 NE 5th St #1902, photograph 19 of 31398 NE 5th St #1902, photograph 20 of 31398 NE 5th St #1902, photograph 21 of 31398 NE 5th St #1902, photograph 22 of 31398 NE 5th St #1902, photograph 23 of 31398 NE 5th St #1902, photograph 24 of 31398 NE 5th St #1902, photograph 25 of 31398 NE 5th St #1902, photograph 26 of 31398 NE 5th St #1902, photograph 27 of 31398 NE 5th St #1902, photograph 28 of 31398 NE 5th St #1902, photograph 29 of 31398 NE 5th St #1902, photograph 30 of 31398 NE 5th St #1902, photograph 31 of 31

Listing courtesy of Pink Miami Real Estate. 305-605-7465

From the MLS

Bedrooms
Studio
Bathrooms
1
Living area
430 sq ft
Asking per square foot
$1,091
Year built
2022
Association fee
$2,006 quarterly
ZIP code
33132
MLS number
A12086164

What the listing says

PRICED TO SELL — AND PRICED AGAINST CLOSED SALES, NOT ASKING PRICES. Residence 1902 at The Elser: a north-facing studio on the 19th floor, fully furnished and turnkey, furniture package conveys. 9'2" ceilings and floor-to-ceiling glass frame the Downtown skyline north toward Edgewater. Italkraft cabinetry, quartz countertops, stainless steel appliances, in-unit full-size washer/dryer, keyless entry and Ecobee smart thermostat. Daily short-term rentals or annual leases both permitted — and twelve months of operator statements are available to qualified buyers, so this residence is underwritten on documented revenue, occupancy and ADR rather than projections. Building amenities: 132-foot bayfront pool deck, two-story fitness center, two-level co-working Lab with reservable conference rooms, lobby bar and restaurant called ViseVersa, concierge and valet. HOA includes Wi-Fi and cable. Two blocks to Miami Worldcenter; walk to Kaseya Center, Brightline, Bayside and the Port of Miami.

Description supplied by Pink Miami Real Estate.

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

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