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Miami/501 First Residences Miami/121 NE 5th Street 3200

$468,000
121 NE 5th Street 3200, Miami, FL 33132
Miami, FL 33132
At 501 First Residences Miami  →
0
Beds
1
Baths
412
Sq Ft
$1,136
/ Sq Ft

About this condo

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.

The facts

Price
$468,000
Price / Sq Ft
$1,136
Bedrooms
0
Bathrooms
1
Interior
412 sq ft
Residence
#3200
Type
Condominium
Year Built
2025
Building
501 First Residences Miami
Stories
40
HOA
$589 / mo
Flooring
CeramicTile
Days on Market
42
MLS #
A12039927

Building amenities

  • Business Center
  • Clubhouse
  • Elevators
  • Fitness Center
  • Maintenance Grounds
  • Picnic Area
  • Pool
  • Spa Hot Tub
  • Trash
BeachesMLS

Listing courtesy of MAK Realty Group · rybak.sergey@gmail.com. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc.