Skip to content
Homes for sale in Miami
Condominium

121 NE 5th St # 3200

Miami, FL 33132
$468,000
Baths
1
Sq ft
412
Year built
2025
Price per sq ft
$1,136

Listing courtesy of Sergey Rybak, MAK Realty Group

About this home

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.

Details

Property

Type
Condominium
Style
High Rise
Building
Condo-Hotel
Year built
2025
Stories
40
Building name
501 FIRST RESIDENCES
Subdivision
501 FIRST RESIDENCES
County
Miami-Dade County
Faces
East
View
Bay, Water View

Interior

Appliances
Dishwasher, Dryer, Microwave, Other Equipment/Appliances, Refrigerator, Washer
Flooring
Ceramic Floor
Cooling
Central Air
Heating
Central
Features
Interior Hall, Lobby, First Floor Entry, Closet Cabinetry, Elevator

Exterior and parking

Exterior
Barbeque
Parking
Valet
Construction
Concrete Block Construction

Community and fees

Association fee
$589 monthly
Amenities
Barbecue, Business Center, Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Pool, Spa/Hot Tub, Trash Chute
Maintenance includes
All Amenities, Hot Water, Internet/WiFi, Sewer, Trash Removal, Water
Security
Smoke Detector, Doorman, Elevator Secure, Lobby Secured
Terms
Cash
Minimum lease (days)
1

Neighborhood

Finding places nearby…

Loading the map…

Places nearby are not available right now.

The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated October 16, 2026.