501 FIRST RESIDENCES
121 NE 5th St # 3200, Miami FL 33132
1 baths · 412 ft²
$468,000
Est. Payment $2,491/mo
1
Bathrooms
412
Sq. Ft.
2025
Year Built
40
Stories
119
Days on Market
Description
A move-in-ready, fully furnished studio in a building that permits short-term rentals a key differentiator in Downtown Miami, where Airbnb-approved inventory is limited and commands a premium. The 411 SqFt layout includes a 38 SF balcony above-average outdoor space for the segment plus integrated premium appliances and in-unit washer/dryer, reducing furnishing and turnover costs whether you’re targeting nightly stays or longer-term leases. Location is the core thesis: directly adjacent to the Brightline station and Metromover, and steps from the Miami Worldcenter development a multi-billion-dollar project anchoring sustained demand and infrastructure investment in the corridor. Proximity to the Kaseya Center, Museum Park, and Downtown’s dining and entertainment scene drives consistent guest and tenant appeal. Building amenities (rooftop pool, fitness center, co-working spaces, 24-hour concierge) support premium nightly rates and strong occupancy. A brand-new 2025 build minimizes near-term capex and maintenance risk a low-friction, flexible-use addition to any rental portfolio.
Facts
- MLS#
- A12039927
- Subdivision
- 501 FIRST RESIDENCES
- Property Type
- Residential
- Property Sub Type
- Condominium
- Year Built
- 2025
- Lot Size
- 0 sqft
- Sq. Ft.
- 412 ft²
- Sq. Mt.
- 38 m²
- Price per sq. ft.
- $1,136/ft²
- Price per sq. mt.
- $12,316/m²
- Stories
- 40
- Garage
- —
- Pool
- —
- Days on Market
- 119 days
- Listed
- Jun 18, 2026
- Last Updated
- Oct 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
October 2026
42
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).
| 6/18/2026 | Listed for sale | $468,000 |
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
$3,031/mo
Principal & Interest
$2,491
Property Tax
$390
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 7 hours ago
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