501 First Residences

121 NE 5th St # 304, Miami FL 33132

1 baths · 359 ft²

For Sale · Active Listing

$449,000

Est. Payment $2,390/mo

MLS Sheet Video

1

Bathrooms

359

Sq. Ft.

2025

Year Built

40

Stories

5

Days on Market

Description

Experience the ultimate investment opportunity at 501 First Residences in the heart of Downtown Miami! This fully furnished turnkey studio offers modern finishes, an open-concept layout, floor-to-ceiling impact windows, a contemporary kitchen with stainless steel appliances and quartz countertops, in-unit washer and dryer, and a private balcony. Designed for maximum flexibility, the building allows short-term rentals with no rental restrictions, making it ideal for Airbnb, vacation rentals, or corporate stays. Residents enjoy resort-style amenities including a rooftop pool, fitness center, spa, co-working spaces, game room, lounge, café, valet parking, and 24-hour concierge and security. Located just steps from Miami Worldcenter, Brightline Station, Kaseya Center, Bayside Marketplace, Museum Park, top restaurants, shopping, entertainment, and with easy access to Miami Beach, Brickell, Wynwood, and the Design District. Whether you’re looking for a high-performing income-producing property or a stylish city residence, Unit 304 offers exceptional value in one of Miami’s fastest-growing neighborhoods.

Facts

MLS#
A12051789
Subdivision
501 First Residences
Property Type
Residential
Property Sub Type
Condominium
Year Built
2025
Lot Size
0 sqft
Sq. Ft.
359 ft²
Sq. Mt.
33 m²
Price per sq. ft.
$1,251/ft²
Price per sq. mt.
$13,606/m²
Stories
40
Garage
Pool
Days on Market
5 days
Listed
Jul 10, 2026
Last Updated
Jul 15, 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

September 2026

100/100
Buyers marketSellers market

61

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).

7/10/2026Listed for sale$449,000

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 # 304, Miami FL 33132Directions

Estimated Monthly Payment

$2,914/mo

Principal & Interest

$2,390

Property Tax

$374

Insurance

$150

HOA

$0

20% ($89,800)
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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