Pictured: Ryan Shear, Karine Carvalho, Christian Tupper, Alejandra Castillo
Buyers interested in luxury new construction move-in ready condominium inventory in Miami need to only look at one place: The Elser Hotel & Residences, which boasts unparalleled views and is the sole such property available in Miami.
“While there are a number of projects several years out, we are currently selling units which are ready for occupancy and offer an unprecedented opportunity to buy a sophisticated, turnkey flexible living option in the heart of Miami,” says Ryan Shear, managing partner at PMG, a national investment, development and asset management firm. “The best commodity available today is new construction, and our coveted real estate also features rare unobstructed views of Biscayne Bay and the Atlantic Ocean.”
Downtown Miami is currently undergoing a renaissance that is transforming the skyline, and PMG is a central player. The recently developed Waldorf-Astoria Hotel and Residences, located just one block from The Elser, has been an incredible success, and they expect the same from The Elser, says Christian Tupper with PMG Residential. “This pair of properties ushers in a new era of luxury living in Downtown Miami. Because we typically sell our projects in the pre-construction phase, the current availability at The Elser creates an extraordinary opportunity for both buyers and brokers. Buyers have immediate access to purchase a fully furnished move-in ready studio, 1, 2 or 3-bedroom residence in a prime location starting from the mid $600s. Brokers receive immediate 6% commissions.”
Location, Location, Location
Everyone knows this real estate adage, and The Elser unquestionably offers it with its dazzling waterfront panoramas. “Everyone wants a water view, and ours are unrivaled,” says Karine Carvalho with PMG Residential, adding that the glittering nightscape of the city is equally spectacular.
“The 49-story tower is located in the heart of Miami, giving residents access to world-class entertainment, luxury shopping, dining and fine arts”, says Alejandra Castillo with PMG Residential. “For an ultra-luxury building with a prime location and an abundance of amenities, it offers price points that are remarkably accessible,” she says.
In addition, Tupper points out that The Elser is one of the few locations where you don’t have to drive to partake in all the city has to offer, given its proximity to office buildings, restaurants, entertainment and more. In addition, there are plentiful new transportation options within close proximity, such as Miami Central, Brightline’s train station, the metro mover and much more.
The Elser Hotel and Residences’ heritage dates back to the early 1900s when Elser Pier became Miami’s first tourist attraction for both tourists and nearby residents, drawn to the glimmering views and bustling venues. Today The Elser Hotel and Residences retains that transformative spirit and provides a similar draw for residents and visitors eager to enjoy the thriving Miami metropolis.
With the second largest financial district after New York and an energetic pool of tourists, Miami is the place to be, Carvalho says.
Flexible Rental Options Offer a Unique Opportunity for Buyers
That constant flow of visitors represents another opportunity for owners of units in The Elser Hotel & Residences, which is answering the significant demand for more rental flexibility in today’s market through its short-term rental owners program. Buyers can become full-time or seasonal residents or join the daily rental program, from the start or later during their tenure.
“These flexible options are highly appealing to buyers, with virtually no other development making it so seamless for an owner to decide how to use their property,” Castillo says.
“Assets are becoming more versatile. You can’t look at something as significant as real estate as being single-faceted, and I can’t say I know of any other assets that provide such a valuable potential return,” says Shear, highlighting this attractive flexible option. “Visitors will enjoy amenities above and beyond what is offered in most high-end hotels, and I am confident it will be one of Miami’s premier treasures when all is said and done.”
The property is in a highly strategic location, situated near the Port of Miami, where the world’s largest cruise lines welcome more than 5 million passengers annually; the Miami Beach Convention Center, which plays host to more than 600,000 visitors annually; and the Miami International Airport, ranked as the top airport for international passengers.
This confluence of factors combined with The Elser’s amazing location and premium amenities provides a competitive advantage for renting, says Castillo.
“Miami is one of the hottest tourist destinations, and visitors love to extend their getaway, whether they are in town for a cruise or a convention,” adds Carvalho. As the only property in the surrounding 14 blocks available for daily rental, The Elser Hotel and Residences is a potential goldmine for buyers.
Opulent Amenities Rival Upscale Resorts
While the view and proximity to the best Miami has to offer are the initial attractions, potential buyers will soon realize that every detail has been tended to, with each unit offering a turnkey package of finely appointed, stylish furnishings, finishes and decor – from the furniture down to the linens. “You can bring your clothes and your toothbrush and enjoy,” says Tupper.
The common spaces are equally lush, offering anything a resident or renter could desire – including a resort-style pool and spa with private lounge areas, 2-level fitness center, dining options, expansive double-height deck space and an owner’s lounge with catering kitchen, with these shared spaces accented by curated art and green walls throughout.
Live music and other programming will be offered to amplify the esteemed Miami lifestyle and create a community within the building for residents. In addition, The Elser Hotel and Residences was designed with features that suit modern needs, says Tupper, citing contemporary additions such as a smart package delivery space, executive coworking spaces and EV charging stations.
An Unparalleled Opportunity to be Part of Elser History
Given its high profile, The Elser’s stylish residences are bound to go quickly, says Shear. Now is the time to experience our model row, located on the 30th floor, which showcases the quality of the furnishings and the stunning view, while giving potential buyers the opportunity to experience The Elser’s vibe.
Already, The Elser Hotel & Residences has captured the attention of an international clientele, as well as American buyers flocking from the coasts and other established cities. An investment in the Elser is also popular with those who want to secure assets as inflation ticks up or want to make a savvy move through a 1031 Exchange.
We invite you to be part of Downtown Miami’s transformative history, says Castillo. The future of Miami is very bright, and there is nothing else like The Elser.