501 First Residences
121 NE 5th Street # 401B, Miami FL 33132
1 baths · 447 ft²
1
Bathrooms
447
Sq. Ft.
2025
Year Built
40
Stories
96
Days on Market
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.
Facts
- MLS#
- A11961990
- 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.
- $982/ft²
- Price per sq. mt.
- $10,452/m²
- Stories
- 40
- Garage
- —
- Pool
- —
- Days on Market
- 96 days
- Listed
- Feb 9, 2026
- Last Updated
- May 16, 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
May 2026
68
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).
| 3/30/2026 | Price change | $439,000-5.6% |
| 2/9/2026 | Listed for sale | $465,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Sunrise Park Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.2 mi
Eagles Landing Middle School6,7,8 · public · 0.2 mi
Sandpiper Shores Elementary SchoolPK,KG,1,2,3,4,5 · public · 1.2 mi
West Glades Montessori SchoolPK,KG · private · 1.4 mi
Florence Fuller Cdc S 185th StPK,KG · private · 1.7 mi
Boca Prep International SchoolPK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 1.8 mi
West Boca Raton Community High School Adult Education CenterUG · public · 2.0 mi
Boca Raton Jewish LcPK,KG · private · 2.1 mi
Boca Raton Jewish Learning CenterPK,KG,1 · private · 2.1 mi
West Boca Raton High School9,10,11,12 · public · 2.1 mi
Estimated Monthly Payment
$2,852/mo
Principal & Interest
$2,337
Property Tax
$366
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 18 hours ago
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