121 NE 5th Street 3400, Miami, FL 33132

New Listing

$450,000

High-rise building featuring a glass facade, curved balcony railings, and a prominent multi-story podium structure

Elevated perspective of the metropolitan skyline featuring the historic Freedom Tower, waterfront bay, urban infrastructure, and coastal horizon

Kitchen featuring wood-finish cabinetry, stainless steel built-in oven, solid-surface countertop, and matte black faucet, complete with large-format tile flooring and floor-to-ceiling glass sliding doors

Stacked laundry appliance center featuring a white front-load washer and dryer set on grey tile flooring

High-rise tower featuring a glass facade, multiple balcony levels, and an elevated podium structure, situated in a coastal urban setting with proximity to a major waterway and bridge infrastructure

Floor-to-ceiling windows featuring urban cityscapes, herringbone-pattern wood-finish flooring, and recessed ceiling track lighting

Property Type: Residential Baths: 1 Square Footage: 412 Status: Active

Current Price: $450,000 List Date: 11/05/2026 Last Modified: 11/05/2026

Overview

Description

Unit already generating income in a short rental program with management company. Stunning high-floor residence on the 34th floor at 501 First Residences, offering breathtaking direct east-facing water views of Biscayne Bay. This beautifully designed unit comes fully furnished and completely turn-key, ideal for both personal use and investment. Approved for short-term rentals and currently professionally managed by a short-term rental company, the property offers excellent income potential from day one. Floor-to-ceiling windows fill the space with natural light and showcase spectacular bay views, while modern finishes and a private balcony enhance the living experience. Residents enjoy resort-style amenities and a prime location in the heart of Miami, just moments from dining, entertainment and waterfront attractions.

Listing Details MLS# A12118649

General Property Information

Unit Floor #: 34
Property Sub Type: Condominium
Bathrooms Total: Yes
Bathrooms Full: Yes
Building Area Main: 412
Living Area Main: 412
Adjusted Area Main: 412
Year Built: 2025
Garage YN: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 40

Property Features

Application Information: No Approvals Association Amenities: Maintenance Association Fee Includes: Internet; Security; Sewer; Trash; Water Flooring: Ceramic Tile Leasing Permitted Details: Okay To Lease; Okay To Lease During First Year; Short Term Rentals Allowed Parking Features: Covered; Valet Appliances: Dishwasher; Dryer; Microwave; Refrigerator; Washer Construction Materials: CBS Cooling: Central Air Association Type: Condominium Heating: Central Interior Features: Elevator; Entrance Foyer Listing Terms: Cash; Conventional Pets Allowed YN: Yes Possession: Close Of Escrow; Negotiable Security Features: Fire Sprinkler System; Lobby - Attended; Security System Special Information: Foreign Seller; Sold As-Is Unit Description: High Rise View: Water; Skyline Water View: Bay Showing Requirements: Appointment Only; Call Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open Room Types: Laundry

Contract Information

Comp Sale YN: No
Original List Price: 450000
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: 3400
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33132
Postal Code +4: 2632
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: 0141010080220
Subdivision Number: 8
Directions: From I-95 S, take Exit 3B (NW 8th St) to Downtown, go east, turn right on NW 3rd Ct, then left on NE 5th St. Building located at 121 NE 5th St.

Financial Information

Association YN: Yes
Association Fee: 589
Association Fee Frequency: Monthly
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 589
Membership Fee Required YN: No
Tax Year: 2025
Tax Legal Description: 501 First Residences condominium book 35067 page 4463

Status Change Information

Major Change Timestamp: 2026-11-05T05:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-11-05

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Leasing Permitted Details

Leasing Permitted YN: Yes

Parking Information

Open Parking Spaces: Yes

Leasing Restrictions

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

Price Calculations

Current Price To SqFt: 1092.23

Section Details

Parcel Number MLX: 0220

Originating Details

Originating System Key: 569926822
Originating System ID: M00000151

Room Information

Room Name
Laundry

Listing Office: The Keyes Company

Last Updated: November - 05 - 2026

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121 NE 5th Street 3400, Miami, FL 33132 (MLS# A12118649)