REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

$ 468,000

Est. payment -/mo

Save

New

121 NE 5th St #3200 Miami, FL 33132

1 Bath

412 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 412 sqft

Price per Sqft $1,135

Subdivision 501 First Residences

MLS Listing ID A12039927

Style High Rise

Full Baths 1

HOA Fees $589/mo

HOA Y/N Yes

Min Days of Lease 1

Leases Per Year 365

Year Built 2025

Tax Year 2026

Property Sub-Type Condominium

Property Description

A move-in-ready, fully furnished studio in a building that permits short-term rentals a key differentiator in Downtown Miami, where Airbnb-approved inventory is limited and commands a premium. The 411 SqFt layout includes a 38 SF balcony above-average outdoor space for the segment plus integrated premium appliances and in-unit washer/dryer, reducing furnishing and turnover costs whether you're targeting nightly stays or longer-term leases.
Location is the core thesis: directly adjacent to the Brightline station and Metromover, and steps from the Miami Worldcenter development a multi-billion-dollar project anchoring sustained demand and infrastructure investment in the corridor. Proximity to the Kaseya Center, Museum Park, and Downtown's dining and entertainment scene drives consistent guest and tenant appeal.
Building amenities (rooftop pool, fitness center, co-working spaces, 24-hour concierge) support premium nightly rates and strong occupancy. A brand-new 2025 build minimizes near-term capex and maintenance risk a low-friction, flexible-use addition to any rental portfolio.

Location

State FL

County Miami-dade

Community 501 First Residences

Area 42

Interior

Interior Features Bedroom on Main Level, Closet Cabinetry, First Floor Entry, Elevator

Heating Central

Cooling Central Air

Flooring Ceramic Tile

Appliance Dryer, Dishwasher, Microwave, Other, Refrigerator, Washer

Exterior

Exterior Feature Barbecue

Pool Association, Heated

Amenities Available Business Center, Clubhouse, Elevator(s), Fitness Center, Barbecue, Picnic Area, Pool, Spa/Hot Tub, Trash

View Y/N Yes

View Bay, Water

Garage No

Private Pool Yes

Building

Faces East

Architectural Style High Rise

Structure Type Block

Others

Pets Allowed Yes

HOA Fee Include Amenities,Hot Water,Internet,Sewer,Trash,Water

Senior Community No

Restrictions Daily Rentals Allowed,No Restrictions

Tax ID 01-41-01-008-0200

Security Features Door Man,Elevator Secured,Lobby Secured,Smoke Detector(s)

Acceptable Financing Cash

Listing Terms Cash

Pets Allowed Yes

Miami Association of Realtors (SEFMIAMI MLS)

Listed by MAK Realty Group

NEARBY SCHOOLS & PROPERTIES

GET MORE INFORMATION