Date
Details
Price
Change
Source
2/09/2026
Listed
$439,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
No photo available
$439,000
Property Description
Investor-friendly turnkey studio at 501 First Residences-one of Downtown Miami's newest buildings allowing legal daily rentals, ideal for Airbnb-style income strategies. Unit 401B offers 385 SF (36 m²) featuring an efficient open floor plan, floor-to-ceiling windows, and a private balcony designed to maximize guest appeal. Offered fully furnished with blinds and sofa bed, this residence includes private storage and is ready for immediate rental operation. Its flexible layout and low-maintenance design make it a strong option for investors seeking consistent short-term rental demand in a high-growth urban location. Enjoy access to modern amenities, fitness center, social lounges, and a central location steps from Miami Worldcenter, transit, entertainment, and cultural venues. A smart, income-producing opportunity in Miami's evolving rental landscape.
Full Property Details
Full Property Details for 121 NE 5th #401B
General
- Price: $439,000
- Taxes: (2025)
- Status: Active
- Type: Condo
- Source: Martin_County
- MLS ID: A11961990
- Updated: 9/3/2026
- Added to Site: 206 day(s) ago
Interior
- Interior Features: Living/Dining Room, Separate Shower
- Appliances: Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
- Furnished: Yes
- Furnishings: Furnished
- Flooring: Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Additional Information
- Pool: Yes
- Pool Description: Community
- Security/Safety: Door Man, Lobby Secured
Exterior
- Exterior Features: Patio
- Porch/Patio/Deck: Covered, Patio
Parking
- Parking Features: Off Site
Location
- Area: 2410
- County: Miami-Dade
- Subdivision: 501 First Residences
- Direction Faces: South
Community
- Community Name: 2410
- Assoc. Fees Include: Cable TV, Hot Water, Water
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Structural Information
- Construction: Block, Concrete
- Entry Floor Number: 4
- Square Feet: 447
- Living Area: 447 Sq. Ft.
- Year Built: 2025
- Property Condition: New Construction
Financial Considerations
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Listed As-Is
- Legal Description: 501 First Residences
- Property ID: 00-00-00-000-0401
Listed by Optimar International Realty
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Listing agent
— 121 NE 5th #401B —
Optimar International Realty
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Schools
Schools serving 121 NE 5th #401B
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Frederick R. Douglass Elementary School 314 Northwest 12th Street, Miami, FL 33136 | PK-5 | 0.7 mi |
Jose De Diego Middle School 3100 Northwest 5th Avenue, Miami, FL 33127 | 6-8 | 2 mi |
Booker T. Washington Senior High School 1200 Northwest 6th Avenue, Miami, FL 33136 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 121 NE 5th #401B
Tax History
Tax History for 121 NE 5th #401B
Year
Property Taxes
Change
Tax Assessment
Change
2025
$85,587
—
$4,200,000
-14%
2024
$85,707
5%
$4,900,000
—
2023
$81,451
12%
$4,900,000
40%
2021
$72,937
-9%
$3,489,159
-28%
2022
$79,753
9%
$4,876,638
40%
2021
$72,937
14%
$3,489,180
28%
2019
$64,097
8%
$2,724,608
10%
2018
$59,098
21%
$2,476,917
10%
2017
$48,755
-3%
$2,251,743
—
2016
$50,200
136%
$2,251,764
722%
2015
$21,272
94%
$273,986
10%
2014
$10,970
109%
$249,079
10%
2013
$5,237
—
$226,436
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 121 NE 5th #401B
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- Townhouse
- Active
- Updated 1 day ago
- 2Beds
- 3Total Baths
- 1,047Sq. Ft.
- Condo
- Active
- Updated 20 hours ago
- 2Beds
- 3Total Baths
- 1,425Sq. Ft.
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- Condo
- Active
- Updated 5 days ago
- 2Beds
- 2Total Baths
- 1,380Sq. Ft.
Listed by Michele Redlich (305) 725-3119
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121 NE 5th #401B, Miami, FL 33132 (MLS# A11961990) is a Condo property with 0 bedrooms and 1 full bathroom. 121 NE 5th #401B is currently listed for $439,000 and was received on February 09, 2026. Want to learn more about 121 NE 5th #401B? Do you have questions about finding other Condo real estate for sale in Allapattah? You can browse all Allapattah real estate or contact a Coldwell Banker agent to request more information.