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

$495,000was $625,000

398 NE 5th St #4313

Studio · 1 ba · 357 sq ft

Asking price cut 20.8% on September 24, from $625,000.

217 days on marketCondominiumWaterfront
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Listing courtesy of United Realty Group Inc. 954-450-2000

From the MLS

Bedrooms
Studio
Bathrooms
1
Living area
357 sq ft
Asking per square foot
$1,387
Year built
2022
Association fee
$1,647 quarterly
ZIP code
33132
MLS number
A11968390

What the listing says

Experience strong rental potential at The Elser Hotel & Residences in Downtown Miami. Investor-friendly building allows short-term (Airbnb) and long-term rentals. This fully furnished 43rd-floor studio offers stunning Miami skyline and Biscayne Bay views, 9-ft ceilings, floor-to-ceiling impact windows, porcelain tile flooring, and a private balcony. Turnkey unit, ready to generate income from day one. Features include a full kitchen, in-unit washer/dryer, smart keyless entry, and smart thermostat. Residents and guests enjoy resort-style amenities: 132-ft rooftop pool, state-of-the-art fitness center, sky lounge, business center, and concierge services. Prime LOCATION near Bayside, Kaseya Center, Metromover, top dining, and entertainment. High-demand area with strong occupancy potential. Ideal for investors seeking cash flow and appreciation in the heart of Miami.

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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Or tell her what you are actually looking for

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