121 NE 5th Street 401B, Miami, FL 33132

$439,000

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

Current Price: $439,000 List Date: 2/09/2026 Last Modified: 6/10/2026

Overview

Description

Investor-friendly turnkey studio at 501 First Residences—one of Downtown Miami’s newest buildings allowing legal daily rentals, ideal for Airbnb-style income strategies. Unit 401B offers 385 SF (36 m²) featuring an efficient open floor plan, floor-to-ceiling windows, and a private balcony designed to maximize guest appeal. Offered fully furnished with blinds and sofa bed, this residence includes private storage and is ready for immediate rental operation. Its flexible layout and low-maintenance design make it a strong option for investors seeking consistent short-term rental demand in a high-growth urban location. Enjoy access to modern amenities, fitness center, social lounges, and a central location steps from Miami Worldcenter, transit, entertainment, and cultural venues. A smart, income-producing opportunity in Miami’s evolving rental landscape.

Listing Details MLS# A11961990

General Property Information

Unit Floor #: 4
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: 465000
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: 401B
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: 0000000000401
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: 2026-03-30T03:38:56Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-03-30T03:38:56Z
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: 982.1

Originating Details

Originating System Key: 426566429
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 401B, Miami, FL 33132 (MLS# A11961990)