121 NE 5th Street 1001B, Miami, FL 33132

$475,000

Property Type: Residential Baths: 1 Square Footage: 447 Status: Active

Current Price: $475,000 List Date: 2/09/2026 Last Modified: 6/10/2026

Overview

Description

High-floor fully furnished studio at 501 First Residences designed for investors seeking daily rental income potential in the heart of Downtown Miami. Unit 1001B offers 385 SF (36 m²) with a modern open layout, floor-to-ceiling glass, and a private balcony delivering natural light and an efficient, guest-friendly design. The residence comes turnkey furnished with blinds and sofa bed, includes private storage, and is located in a building that permits short-term rentals with no minimum lease restrictions, making it an excellent addition to any income-producing portfolio. Residents and guests enjoy access to resort-style amenities, fitness facilities, social and co-working areas, and proximity to Miami Worldcenter, Brightline, shopping, dining, and entertainment venues. A compact, income-ready unit optimized for high-demand short-term rental use.

Listing Details MLS# A11961966

General Property Information

Unit Floor #: 10
Property Sub Type: Condominium
Bathrooms Total: Yes
Bathrooms Full: Yes
Living Area Main: 447
Year Built: 2025
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 40
Direction Faces: South
Furnished: Furnished

Property Features

Application Information: 1-2 Weeks Approval Association Amenities: Maintenance Association Fee Includes: Cable TV; Hot Water; Internet; Water Flooring: Ceramic Tile Leasing Permitted Details: Short Term Rentals Allowed Property Condition: New Construction Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Washer Construction Materials: CBS Cooling: Central Air Association Type: Condominium Heating: Central Listing Terms: Cash; Conventional Main Living Area: Entry Level Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Negotiable Road Frontage Type: East of US-1 Security Features: Elevator Secure; Lobby - Attended; Security System Special Information: Sold As-Is Tax Information: New Construction Unit Description: Studio; High Rise Utilities: Cable Available View: Skyline Showing Requirements: Call Listing Agent; Showing Service Outdoor Living Spaces: Patio

Contract Information

Comp Sale YN: No
Original List Price: 475000
Occupant Type: Vacant

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 121
Street Direction Prefix: NE
Street Name: 5th
Street Suffix: Street
Unit Number: 1001B
City Name: Miami
State Or Province: FL
Postal Code: 33132
Postal Zip: 33132
Subdivision Name: 501 First Residences
Area: 2410
Elementary School: Frederick Douglass
Middle Or Junior School: Jose De Diego
High School: Booker T. Washington
Special Assessment YN: No
Parcel Number: 0000000001001
Municipal Code: No

Financial Information

Association YN: Yes
Association Fee: 563
Association Fee Frequency: Monthly
Application Required YN: Yes
Membership Fee Required YN: No
Tax Year: 2025
Tax Legal Description: 501 First Residences

Status Change Information

Major Change Timestamp: 2026-02-09T18:57:18Z
Major Change Type: New Listing
Status Change Date: 2026-02-09

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 100

Entry Information

Entry Level: Yes

Leasing Permitted Details

Leasing Permitted YN: Yes
Short Term Rentals Allowed: Yes

Leasing Restrictions

Leasing - Max Times Per Year: 365
Leasing - Minimum Number of Days: Yes

Storm Protection

Impact Glass: Partial

Price Calculations

Current Price To SqFt: 1062.63

Originating Details

Originating System Key: 426565270
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

1-2 Weeks Approval: Yes

Amenities

Fitness Center: Yes
Kitchen Facilities: Yes
Pool: Yes

Association Amenities

Maintenance: Yes

Association Fee Includes

Cable TV: Yes
Hot Water: Yes
Internet: Yes
Water: Yes

Flooring

Ceramic Tile: Yes

Property Condition

New Construction: Yes

Possession

Negotiable: Yes

Special Information

Sold As-Is: Yes

Utilities

Cable Available: Yes

View

Skyline: Yes

Heating

Central: Yes

Unit Description

Studio: Yes
High Rise: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Road Frontage Type

East of US-1: Yes

Security Features

Elevator Secure: Yes
Lobby - Attended: Yes
Security System: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes

Showing Requirements

Call Listing Agent: Yes
Showing Service: Yes

Main Living Area

Entry Level: Yes

Master Bedroom/Bath

Bedroom On Entry Level: Yes
Separate Shower: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Pet Restrictions Possible: Yes

Tax Information

New Construction: Yes

Outdoor Living Spaces

Patio: Yes

Section Details

Parcel Number MLX: No

Listing Office: Optimar International Realty

Last Updated: June - 10 - 2026

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121 NE 5th Street 1001B, Miami, FL 33132 (MLS# A11961966)