The Elser Hotel & Residences, 398 NE 5th St #2506, Miami, FL 33132

680,000(-11.91% )
$599,000Price
1Beds
1Baths
443SqFt

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Details

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Status:
Active
Parking: 1
Size: 443 ft2 / 41 m2
Price: $1,352 ft2 / $14,554 m2
Type: Condo
Built: 2022
HOA: $600/MO
MLS Number: A11684359
View: Other
On Site: 172 Days
Updated: 5 Days ago
Page Views: 0
NEW CONSTRUCTION ~Blt. 2022
Investor friendly opportunity at the elser of miami. This unique 25th floor studio is ideal for an income producing property or for an owner who wants the hotel vibe for a home. Unit 2506 is enrolled in the hotel program and offers a low hoa with great return. Located on biscayne bay with breathtaking views. Nightly rentals permitted either through hotel program or 2 other approved vacation rental companies otherwise 181 day min lease required for rentals.

Features

Bedrooms
Bedrooms: 1
Bathrooms
Bathrooms: 1
Half Bathrooms: No info
Exterior and Lot Features
Exterior Features: SecurityHighImpactDoors
View: Other

Price History

04/17/2025

Date

Price Reduced

Event

$599K

Price

-11.91%

Change Rate

$1,352 ft2 / $14,554 m2

Price Per

10/29/2024

Date

Listed

Event

$680K

Price

$1,535 ft2 / $16,523 m2

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Daniel MordechaiLondon Foster Realty • Buyer Agency Compensation .

Instant Comparative Market Analysis

$1,100/ft²
$1,300/ft²
$1,600/ft²
$1,900/ft²

Unit #2506 – Asking

$1,352/ft²

(-13%) from Closed Avg. $/ft²

Closed Avg. $/ft²

$1,560/ft²
Community $/Price Range (Closed) $1278/ft² – $1788/ft²
UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
# 27061/1443$1,519Bay$672,80012/19/2023
# 31061/1443$1,600Bay$709,0008/30/2023
Unit: # 2706
Bed/Bath: 1/1Size SqFt: 443$/SqFt: $1,519View: BaySold: $672,800Closed Date: 12/19/2023
Unit: # 3106
Bed/Bath: 1/1Size SqFt: 443$/SqFt: $1,600View: BaySold: $709,000Closed Date: 8/30/2023
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