121 NE 5th Street 304, Miami, FL 33132

$449,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12051789

Property Type: Residential Baths: 1 Square Footage: 359 Status: Active

Current Price: $449,000 List Date: 7/10/2026 Last Modified: 8/14/2026

Overview

Description

Experience the ultimate investment opportunity at 501 First Residences in the heart of Downtown Miami! This fully furnished turnkey studio offers modern finishes, an open-concept layout, floor-to-ceiling impact windows, a contemporary kitchen with stainless steel appliances and quartz countertops, in-unit washer and dryer, and a private balcony. Designed for maximum flexibility, the building allows short-term rentals with no rental restrictions, making it ideal for Airbnb, vacation rentals, or corporate stays. Residents enjoy resort-style amenities including a rooftop pool, fitness center, spa, co-working spaces, game room, lounge, café, valet parking, and 24-hour concierge and security. Located just steps from Miami Worldcenter, Brightline Station, Kaseya Center, Bayside Marketplace, Museum Park, top restaurants, shopping, entertainment, and with easy access to Miami Beach, Brickell, Wynwood, and the Design District. Whether you’re looking for a high-performing income-producing pro ... (Read more)

Listing Details MLS# A12051789

General Property Information

Unit Floor #: 3
Property Sub Type: Condominium
Bathrooms Total: Yes
Bathrooms Full: Yes
Building Area Main: 359
Living Area Main: 359
Adjusted Area Main: 359
Year Built: 2025
Senior Community YN: No
Stories Total: 40

Property Features

Application Information: Rapid Approval Association Amenities: Maintenance Association Fee Includes: Internet Exterior Features: Other Leasing Permitted Details: Short Term Rentals Allowed Parking Features: Valet Property Condition: Resale Appliances: Dryer; Microwave; Refrigerator; Washer Architectural Style: Other Construction Materials: Block Cooling: Other Association Type: Condominium; Homeowner Association Heating: Other Interior Features: Built-in Features; Closet Cabinetry; Elevator; Kitchen Island Listing Terms: Cash; Conventional Pets Allowed YN: Yes Possession: Close Of Escrow Security Features: Fire Alarm; Key Card Entry; Security Patrol; Security System Special Information: Sold As-Is Tax Information: Tax Reflects No Exemptions View: Other Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN: No
Original List Price: 449000
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: 304
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33132
Postal Code +4: 2609
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: 0141010081370
Subdivision Number: 8
Directions: From I-95, take Exit 2D toward NW 8th Street. Continue east on NW 8th Street, then turn right onto NE 1st Avenue. Turn left onto NE 5th Street. 501 First Residences is located at 121 NE 5th Street, Miami, FL 33132, in the heart of Downtown Miami.

Financial Information

Association YN: Yes
Association Fee: 588
Association Fee Frequency: Monthly
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 588
Membership Fee Required YN: No
Tax Year: 2025
Tax Legal Description: UNDIV 0.14822% INT IN COMMON ELEMENTS OFF REC 35067-4463

Status Change Information

Major Change Timestamp: 2026-07-10T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-07-10

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 100

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

Price Calculations

Current Price To SqFt: 1250.69

Section Details

Parcel Number MLX: 1370

Originating Details

Originating System Key: 529270083
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

Rapid Approval: Yes

Amenities

Fitness Center: Yes
Pool: Yes
Sauna: Yes
Spa/Hot Tub: Yes

Association Amenities

Maintenance: Yes

Association Fee Includes

Internet: Yes

Exterior Features

Other: Yes

Parking Features

Valet: Yes

Property Condition

Resale: Yes

Possession

Close Of Escrow: Yes

Special Information

Sold As-Is: Yes

View

Other: Yes

Heating

Other: Yes

Appliances

Dryer: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

Block: Yes

Interior Features

Built-in Features: Yes
Closet Cabinetry: Yes
Elevator: Yes
Kitchen Island: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Security Features

Fire Alarm: Yes
Key Card Entry: Yes
Security Patrol: Yes
Security System: Yes

Architectural Style

Other: Yes

Cooling

Other: Yes

Association Type

Condominium: Yes
Homeowner Association: Yes

Showing Requirements

Call Listing Agent: Yes

Master Bedroom/Bath

Separate Shower: Yes

Pets Allowed YN

Yes: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Listing Office: BM2 Realty

Last Updated: August - 14 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

121 NE 5th Street 304, Miami, FL 33132 (MLS# A12051789)