Every few years a pre-construction project lands in Miami that deserves a hard look from regular buyers and investors — not just the ultra-wealthy. ELLE Residences in Edgewater is one of them. While most branded towers in Brickell and Edgewater open at seven-figure prices, ELLE Residences starts near $525,000. That number, paired with a turnkey, rental-friendly design, makes this one of the more interesting entry points in the Miami condo market right now.
At Partnership Realty, we help Miami buyers and business owners evaluate pre-construction with clear eyes — not brochure hype. Here is the honest breakdown.
The Project at a Glance
ELLE Residences is a 25-story condominium rising at 3618 Northeast Fifth Avenue in Edgewater. It is the first branded residential project tied to ELLE — the global fashion and lifestyle media name — developed by Vertical Developments and Urban Network Capital Group. Interiors are curated by The One Atelier.
The building delivers 180 residences with floor plans from roughly 450 to 845 square feet — a mix of one- and two-bedroom layouts plus penthouses. Pricing starts in the mid-$500,000s. The project is targeting a 2026 groundbreaking with completion expected in 2028.
The defining feature: ELLE Residences is designed as turnkey and rental-friendly. Units are delivered fully finished and furnished, and the building allows flexible, including short-term, rentals. You can buy it, and it can earn from day one.
Why Edgewater, and Why Now
Edgewater has quietly become one of Miami's most compelling neighborhoods. It sits directly on Biscayne Bay, walking distance to the Design District and a short hop from Wynwood, Midtown, and Brickell. Edgewater consistently offers waterfront proximity and a more livable price-per-square-foot than Brickell. ELLE Residences fits squarely into that thesis: a branded, design-forward building in a bayfront neighborhood, at a price that does not require Brickell money.
The Investment Case
The investor who wants Miami cash flow without a $1.5 million ticket. The turnkey delivery means no furnishing project and no contractor headaches — it is rental-ready on closing. The flexible rental policy opens the unit to Miami's strong visitor demand.
The business owner diversifying profits into real estate. A turnkey rentable condo is one of the simplest ways to build long-term wealth outside your operating business.
The lifestyle buyer who wants a Miami foothold that also earns when they are not using it — use it part of the year, rent it the rest.
A realistic note: short-term rental income depends on the final rental program, building rules, management costs, and seasonality. Run the specific unit's projected income, fees, and financing before you commit. We build that model with every client.
The Honest Risks
Pre-construction means deposits are committed over a multi-year build. Delivery timelines can slip. The 2026-2028 window is a target, not a guarantee. And short-term rental regulations in Miami can evolve — buy on the assumption that rules can change, and make sure the building's HOA documents back up the rental flexibility being marketed.
The Bottom Line
ELLE Residences is one of the few branded Miami pre-construction towers that a regular investor or business owner can actually enter without seven figures. A bayfront-adjacent Edgewater location, turnkey furnished delivery, flexible rentals, and a sub-$525,000 starting price make it a genuine cash-flow candidate — not just a status purchase.
Partnership Realty Editorial
Content Team · Partnership Realty Inc
+1 (305) 340-6251 · partnershiprealtyinc.com