501 First Residences
121 NE 5th Street # 807, Miami FL 33132
1 baths · 447 ft²
$2,950
Est. Payment $16/mo
1
Bathrooms
447
Sq. Ft.
2025
Year Built
45
Stories
16
Days on Market
Description
Unit 807 Studio Turnkey investment opportunity at 501 First Residences, a modern Downtown Miami building 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#
- A12003974
- Subdivision
- 501 First Residences
- Property Type
- Residential Lease
- Property Sub Type
- Condominium
- Year Built
- 2025
- Lot Size
- 0 sqft
- Sq. Ft.
- 447 ft²
- Sq. Mt.
- 42 m²
- Price per sq. ft.
- $7/ft²
- Price per sq. mt.
- $70/m²
- Stories
- 45
- Garage
- —
- Pool
- —
- Days on Market
- 16 days
- Listed
- Apr 20, 2026
- Last Updated
- May 12, 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
June 2026
36
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).
| 5/12/2026 | Sold | $2,950 |
| 4/20/2026 | Listed for sale | $2,950 |
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.
Kidworks USAPK,KG,1,2,3 · private · 0.1 mi
- Kidworks USA
PK,KG,1,2,3,4,5 · private · 0.2 mi
- Infant Dreams Day Care
PK,TK,KG · private · 0.4 mi
- Lincoln-Marti Schools
PK,TK,KG,1,2,3,4,5,6,7 · private · 0.5 mi
- Lincoln Marti Child Care Center-32nd Ave
PK,KG · private · 0.5 mi
- Children's Kingdom Enrichment Center
PK,KG,1 · private · 0.5 mi
- New Angels Day Care
PK,TK,KG,1,2,3 · private · 0.5 mi
- Stars of the World 2
PK,KG,1,2 · private · 0.5 mi
- Tiny Smile Learning Center
TK,1,2,3,4,5 · private · 0.5 mi
- Reagan Educational Academy
PK,KG · private · 0.5 mi
Data provided by GreatSchools.org © 2026. All rights reserved.Affordability
What you'd typically need to qualify for this rental under the standard 30% rule.
$9,833
gross income / month to qualify
Based on the 30% rule (rent ≤ 30% of gross monthly income). Move-in estimate assumes first month + last month + one month security; landlord requirements vary.
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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