501 First Residences
121 NE 5th Street # 1001B, Miami FL 33132
1 baths · 447 ft²
$475,000
Est. Payment $2,528/mo
1
Bathrooms
447
Sq. Ft.
2025
Year Built
40
Stories
194
Days on Market
Description
High-floor fully furnished studio at 501 First Residences designed for investors seeking daily rental income potential in the heart of Downtown Miami. Unit 1001B offers 385 SF (36 m²) with a modern open layout, floor-to-ceiling glass, and a private balcony delivering natural light and an efficient, guest-friendly design. The residence comes turnkey furnished with blinds and sofa bed, includes private storage, and is located in a building that permits short-term rentals with no minimum lease restrictions, making it an excellent addition to any income-producing portfolio. Residents and guests enjoy access to resort-style amenities, fitness facilities, social and co-working areas, and proximity to Miami Worldcenter, Brightline, shopping, dining, and entertainment venues. A compact, income-ready unit optimized for high-demand short-term rental use.
Facts
- MLS#
- A11961966
- 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.
- $1,063/ft²
- Price per sq. mt.
- $11,310/m²
- Stories
- 40
- Garage
- —
- Pool
- —
- Days on Market
- 194 days
- Listed
- Feb 9, 2026
- Last Updated
- Aug 22, 2026
- Price/Lot Sq.Ft.
- —
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Market insights for Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
August 2026
33
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).
| 2/9/2026 | Listed for sale | $475,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
Estimated Monthly Payment
$3,074/mo
Principal & Interest
$2,528
Property Tax
$396
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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