ActiveMLS® A11961966

$475,000

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

Beds: 0
Baths: 1
Sqft: 447

Est. payment$3,266/mo

Home type: Condominium
Year built: 2025
Lot size: —
Price / sqft: $1,063
HOA: $563/mo
Community: 501 First Residences

Property description

High-floor fully furnished studio at 501 First Residences designed for investors seeking daily rental income potential 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.

Listing activity

Days on market: 229
Listed: Feb 9, 2026
MLS listing updated: Sep 26, 2026
Feed last checked: 3 minutes ago

Listed by Ginna Rojas · Optimar International Realty

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 0
Bathrooms: 1
Bathrooms (decimal): 1
Full bathrooms: 1

Rooms & features

Rooms: 0
Flooring: Ceramic Tile
Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
Furnished: Furnished

Heating & cooling

Heating: Central
Cooling: Central Air

Property

Parking

Garage spaces: 0
Carport spaces: 0
Covered spaces: 0

Exterior

Stories: 40
Entry level: 1
Patio & porch: Patio
View: Skyline
Waterfront property: No

Lot

Road frontage: East of US-1

Construction

Type & style

Home type: Condominium
Year built: 2025
New construction: Yes

Materials

Construction: CBS
Property condition: New Construction
Faces: South

Utilities & green energy

Utilities

Utilities: Cable Available

Community & HOA

Community

Subdivision: 501 First Residences
MLS area: 2410
Security: Elevator Secure, Lobby - Attended, Security System
Pets allowed: Pet Restrictions Possible, Yes
55+ community: No

Association

Has association: Yes
Association fee: $563 monthly
Estimated monthly dues: $563
Amenities: Maintenance, Pool, Fitness Center, Kitchen Facilities
Services included: Cable TV, Hot Water, Internet, Water

Lease details

Not reported by the listing source.

Location

Area details

City: Miami
County: Miami-Dade
ZIP code: 33132

Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number: A11961966
Possession: Negotiable
Original list price: $475,000
Parcel number: 0000000001001
Annual property tax: $0
Tax year: 2025
Tax legal description: 501 First Residences

Additional MLS details

Reported by the listing source

Association Amenities: Maintenance, Pool, Fitness Center, Kitchen Facilities
Association Fee Frequency: Monthly
Association Fee Includes: Cable TV, Hot Water, Internet, Water
Association: Yes
Bathrooms Total Decimal: 1
Bathrooms Total Integer: 1
Construction Materials: CBS
County Or Parish: Miami-Dade
Days On Market: 229
Direction Faces: South
Elementary School: Frederick Douglass
High School: Booker T. Washington
List Price: 475000
Listing Contract Date: 2026-02-09
Living Area: 447
MLSArea Major: 2410
Middle Or Junior School: Jose De Diego
Mls Status: Active
On Market Date: 2026-02-09
Patio And Porch Features: Patio
Photos Count: 28
Postal Code: 33132
Property Sub Type: Condominium
Property Type: Residential
Road Frontage Type: East of US-1
Rooms Total: 0
Security Features: Elevator Secure, Lobby - Attended, Security System
Senior Community: No
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-02-09T18:57:18Z
Stories Total: 40
Subdivision Name: 501 First Residences
Tax Annual Amount: 0
Bathrooms Full: 1
Bedrooms Total: 0
Waterfront: No
Financial Information: Estimated Monthly Assoc Recurring Fee: 563

Market value

Automated estimate—No licensed valuation source connected

Estimated sales range—Ask Karim for a local market analysis

Estimated rent—No licensed rental valuation source connected

Price history

Date	Event	Price
Feb 9, 2026	ListedMIAMI REALTORS® MLS	$475,000$1,063/sqft

Public tax history

Year	Property taxes	Assessment
2025	$0	—

Payment calculator

Estimated monthly payment$3,266/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $2,465
Property taxes: $0
Insurance: $238
Association dues: $563

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

501 First Residences

Miami · Miami-Dade County · 33132

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Frederick DouglassElementary

—

Jose De DiegoMiddle

—

Booker T. WashingtonHigh

—

School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

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