501 First Residences

121 NE 5th Street # 1001B, Miami FL 33132

1 baths · 447 ft²

For Sale · Active Listing

$2,900

Est. Payment $15/mo

MLS Sheet Video

Bathrooms

447

Sq. Ft.

2025

Year Built

Stories

Days on Market

Description

501 First Residences 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#: A12018413
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.: $6/ft²
Price per sq. mt.: $69/m²
Stories: 40
Garage: —
Pool: —
Days on Market: —
Listed: May 13, 2026
Last Updated: May 13, 2026
Price/Lot Sq.Ft.: —

Comparable homes

Same ZIP, similar price + bedrooms.

121 NE 5th Street # 401B, Miami FL 33132

$2,850

— bd · 1 ba · 447 sqft

121 NE 5th Street # 401B, Miami FL 33132

SOLD

$2,950

— bd · 1 ba · 447 sqft

121 NE 5th Street # 807, Miami FL 33132

$3,000

— bd · 1 ba · —

20 NE 11th # 3407, Miami FL 33132

SOLD

$2,680

— bd · 1 ba · 367 sqft

159 NE 6th St # 3310, Miami FL 33132

1900 N Bayshore Dr # 1707, Miami FL 33132

$2,900

1 bd · 2 ba · 780 sqft

1900 N Bayshore Dr # 1707, Miami FL 33132

$2,900

1 bd · 1 ba · 700 sqft

50 Biscayne Blvd # 4507, Miami FL 33132

SOLD

$2,900

1 bd · 1 ba · 802 sqft

253 NE 2nd St # 2307, Miami FL 33132

SOLD

$2,600

— bd · 1 ba · 436 sqft

50 Biscayne Blvd # 907, Miami FL 33132

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).

5/13/2026

Listed for sale

$2,900

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 # 1001B, Miami FL 33132Directions

GreatSchools Summary Ratings

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

Kla Elementary
KG,1,2,3,4,5 · private · 0.1 mi
Worlded International School
6,7,8,9,10,11,12 · private · 0.3 mi
Mater Academy East Charter
KG,1,2,3,4,5 · charter · 0.4 mi
Mater Academy East Charter School
6,7,8,9,10,11,12 · charter · 0.4 mi
Key Point Academy
PK,KG,1,2,3,4,5,6,7,8 · private · 0.4 mi
Key Point Academy
PK,TK,KG,1,2,3,4,5,6,7,8 · private · 0.4 mi
Southside Elementary School
PK,KG,1,2,3,4,5,6,7,8 · public · 0.4 mi
KLA Academy
PK,KG,1,2,3,4,5 · private · 0.4 mi
Brickell International Academy
PK,KG · private · 0.5 mi
Tiniciti Preschool
PK,KG · private · 0.6 mi

Affordability

What you'd typically need to qualify for this rental under the standard 30% rule.

$9,667

gross income / month to qualify

Monthly rent$2,900

Required annual income$116,000

Security deposit (est.)$2,900

Move-in cost (1st + last + security)$8,700

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.

Rangely Adames

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

Hablo Español

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.

Updated 5 hours ago