501 FIRST RESIDENCES

121 NE 5th St # 3200, Miami FL 33132

1 baths · 412 ft²

For Sale · Active Listing

$468,000

Est. Payment $2,491/mo

MLS Sheet Video

1

Bathrooms

412

Sq. Ft.

2025

Year Built

40

Stories

73

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
73 days
Listed
Jun 18, 2026
Last Updated
Aug 30, 2026
Price/Lot Sq.Ft.

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

August 2026

100/100
Buyers marketSellers market

41

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).

6/18/2026Listed 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

121 NE 5th St # 3200, Miami FL 33132Directions

Estimated Monthly Payment

$3,031/mo

Principal & Interest

$2,491

Property Tax

$390

Insurance

$150

HOA

$0

20% ($93,600)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$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

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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Updated 21 hours ago

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