501 First Residences,501 First

121 NE 5th Street # 1404, Miami FL 33132

1 baths

For Sale · Active Listing

$489,000

Est. Payment $2,603/mo

MLS Sheet Video

Bathrooms

2026

Year Built

Garage

Stories

Days on Market

Description

Excellent investor opportunity! This brand-new furnished studio in Downtown Miami can be rented daily. Located in modern 501 First building, just steps from the Metromover, with easy access to Brickell, Miami Beach, and major highways. This contemporary unit features modern finishes, new appliances with washer and dryer included, and an efficient layout. Enjoy living in a luxury building in the heart of the city, close to restaurants, shopping, and entertainment. Amenities include 75-foot resort-style rooftop pool, state-of-the-art fitness center, yoga/meditation area, sunrise and sunset terraces with city views, greenhouse lounge, co-working spaces, pet lounge with pet-washing station, and more! Perfect for convenient urban living.

Facts

MLS#: A11992993
Subdivision: 501 First Residences,501 First
Property Type: Residential
Property Sub Type: Condominium
Year Built: 2026
Lot Size: 0 sqft
Sq. Ft.: —
Sq. Mt.: —
Price per sq. ft.: —
Price per sq. mt.: —
Stories: 40
Garage: 1 spaces
Pool: —
Days on Market: 45 days
Listed: Apr 1, 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

100/100

Buyers marketSellers market

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).

4/1/2026

Listed for sale

$489,000

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 # 1404, Miami FL 33132Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

Sunrise Park Elementary School
PK,KG,1,2,3,4,5 · public · 0.2 mi
Eagles Landing Middle School
6,7,8 · public · 0.2 mi
Sandpiper Shores Elementary School
PK,KG,1,2,3,4,5 · public · 1.2 mi
West Glades Montessori School
PK,KG · private · 1.4 mi
Florence Fuller Cdc S 185th St
PK,KG · private · 1.7 mi
Boca Prep International School
PK,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 Center
UG · public · 2.0 mi
Boca Raton Jewish Lc
PK,KG · private · 2.1 mi
Boca Raton Jewish Learning Center
PK,KG,1 · private · 2.1 mi
West Boca Raton High School
9,10,11,12 · public · 2.1 mi

Estimated Monthly Payment

$3,160/mo

Principal & Interest

$2,603

Property Tax

$408

Insurance

$150

HOA

Down Payment20% ($97,800)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$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

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

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Updated 13 hours ago