121 NE 5th Street 2708, Miami, FL 33132

New Listing

$605,000

Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 535 Status: Active

Current Price: $605,000 List Date: 8/27/2026 Last Modified: 8/27/2026

Overview

Description

Turnkey corner 1BR/1BA at 501 First Residences, Miami Worldcenter — a building with NO rental restrictions, where daily Airbnb/short-term rentals are fully permitted. Sold fully furnished and completely turnkey: start renting the day after closing. Currently a successful, income-producing short-term rental built to cover its own carrying costs. Corner unit with a wraparound balcony and city + bay views, full modern kitchen, in-unit washer/dryer, and central A/C. Building offers a rooftop pool + hot tub, fitness center, co-working spaces, resident lounges, BBQ terrace, and secure controlled-access entry. Steps to Metromover/Metrorail; 5 min to Brickell, 10 to Miami Beach, 15 to MIA. A rare, legally short-term-rentable condo in Downtown Miami.

Listing Details MLS# A12078643

General Property Information

Unit Floor #: 27
Property Sub Type: Condominium
Bedrooms Total: Yes
Bathrooms Total: Yes
Bathrooms Full: Yes
Building Area Main: 535
Living Area Main: 535
Year Built: 2025
Senior Community YN: No
Waterfront YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 40
Furnished: Furnished

Property Features

Application Information: 3-4 Weeks Approval Association Amenities: Maintenance Association Fee Includes: Maintenance Structure Dining Area: Dining/Living Room Flooring: Vinyl Parking Features: On Street; Valet Property Condition: New Construction Appliances: Dishwasher; Dryer; Ice Maker; Microwave; Refrigerator; Trash Compactor; Washer Construction Materials: CBS Cooling: Central Air Association Type: Homeowner Association Heating: Central Interior Features: Closet Cabinetry; Elevator Listing Terms: Cash; Conventional; FHA; VA Loan Pets Allowed YN: No Possession: Close Of Escrow Restrictions: No Restrictions Security Features: Fire Alarm; Fire Sprinkler System; Key Card Entry; Security Patrol; Security System; Smoke Detector(s) Tax Information: New Construction Unit Description: Corner/End Unit; High Rise View: Water; Skyline Water View: Bay Waterfront Features: Bayfront Showing Requirements: Call Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open

Contract Information

Comp Sale YN: No
Original List Price: 605000
Occupant Type: Call Listing Agent

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: 2708
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33132
Postal Code +4: 2629
Postal Zip: 33132
Subdivision Name: 501 First Residences
Development 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: 0141010082960

Financial Information

Association YN: Yes
Association Fee: 877
Association Fee Frequency: Monthly
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 877
Membership Fee Required YN: No
Tax Year: 2026
Tax Legal Description: 501 FIRST RESIDENCES CONDO

Status Change Information

Major Change Timestamp: 2026-08-27T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-08-27

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 100

Leasing Restrictions

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

Price Calculations

Current Price To SqFt: 1130.84

Section Details

Parcel Number MLX: 2960

Originating Details

Originating System Key: 560226711
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

3-4 Weeks Approval: Yes

Amenities

Clubhouse: Yes
Elevator(s): Yes
Fitness Center: Yes
Kitchen Facilities: Yes
Picnic Area: Yes
Pool: Yes
Sauna: Yes

Association Amenities

Maintenance: Yes

Association Fee Includes

Maintenance Structure: Yes

Dining Area

Dining/Living Room: Yes

Flooring

Vinyl: Yes

Parking Features

On Street: Yes
Valet: Yes

Property Condition

New Construction: Yes

Possession

Close Of Escrow: Yes

View

Water: Yes
Skyline: Yes

Heating

Central: Yes

Unit Description

Corner/End Unit: Yes
High Rise: Yes

Water View

Bay: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Ice Maker: Yes
Microwave: Yes
Refrigerator: Yes
Trash Compactor: Yes
Washer: Yes

Construction Materials

CBS: Yes

Interior Features

Closet Cabinetry: Yes
Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Security Features

Fire Alarm: Yes
Fire Sprinkler System: Yes
Key Card Entry: Yes
Security Patrol: Yes
Security System: Yes
Smoke Detector(s): Yes

Waterfront Features

Bayfront: Yes

Cooling

Central Air: Yes

Association Type

Homeowner Association: Yes

Showing Requirements

Call Listing Agent: Yes

Master Bedroom/Bath

Separate Shower: Yes

Pets Allowed YN

No: Yes

Restrictions

No Restrictions: Yes

Tax Information

New Construction: Yes

Outdoor Living Spaces

Balcony: Yes

Balcony Details

Balcony - Open: Yes

Listing Office: Luxe Properties

Last Updated: August - 27 - 2026

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121 NE 5th Street 2708, Miami, FL 33132 (MLS# A12078643)