This listing is no longer active

The MLS feed no longer includes this property — it may have sold, gone under contract, or been withdrawn. Last seen on October 2, 2026. The details below are the last snapshot we captured. Contact Rangely for a similar property or current status.

501 First Residences

121 NE 5th Street # 807, Miami FL 33132

1 baths · 447 ft²

For Sale · Active Listing

$449,000

8.37%

Est. Payment $2,390/mo

MLS Sheet Video

1

Bathrooms

447

Sq. Ft.

2025

Year Built

40

Stories

229

Days on Market

Description

Unit 807 Studio Turnkey investment opportunity at 501 First Residences, a modern Downtown Miami building allowing daily rentals with no minimum restrictions—ideal for short-term rental investors. Unit 807 is a well-designed studio residence offering 447 SF (42 m²) with an efficient open layout, floor-to-ceiling impact windows, and a private balcony providing natural light and urban city ambiance. Delivered fully furnished with blinds and sofa bed, this unit is ready for immediate rental income. The residence also includes a storage provided by the association, adding additional convenience and flexibility for owners and guests. 501 First Residences offers resort-style amenities, co-working spaces, fitness center, social lounges, and prime walkability to Miami Worldcenter, Brightline Station, Bayfront Park, dining, entertainment, and major transportation corridors. An ideal plug-and-play investment in one of Miami’s fastest-growing short-term rental markets.

Facts

MLS#
A11961922
Subdivision
501 First Residences
Property Type
Residential
Property Sub Type
Condominium
Year Built
2025
Lot Size
0 sqft
Sq. Ft.
447 ft²
Sq. Mt.
42 m²
Price per sq. ft.
$1,004/ft²
Price per sq. mt.
$10,690/m²
Stories
40
Garage
—
Pool
—
Days on Market
229 days
Listed
Feb 9, 2026
Last Updated
Sep 26, 2026
Price/Lot Sq.Ft.
—

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

October 2026

100/100
Buyers marketSellers market

42

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

3/31/2026Price change$449,000-8.4%
2/9/2026Listed for sale$490,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

121 NE 5th Street # 807, Miami FL 33132Directions

Estimated Monthly Payment

$2,914/mo

Principal & Interest

$2,390

Property Tax

$374

Insurance

$150

HOA

$0

20% ($89,800)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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