Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$475,000

  • For Sale
  • Active
  • Condo
  • 1 Full Bath
  • 447 Sq. Ft.
See This Home
Save This Home
See This Home
Save This Home
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.

Full Property Details for 121 NE 5th St #1001B

General

  • Price: $475,000
  • HOA FEE: $563/month
  • Taxes: (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11961966
  • Updated: 2/9/2026
  • Added to Site: 16 day(s) ago

Interior

  • Interior Features: First Floor Entry
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Furnishings: Furnished, Turn Key Furnished
  • Flooring: Ceramic Floor

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Primary Bathroom: Shower Only

Bedrooms

  • Bedroom Features: Entry Level, Studio

Additional Information

  • Shared Amenities: Exercise Room, Kitchen Facilities, Pool
  • Maint. Includes: All Amenities, Cable Tv, Hot Water, Internet/WiFi, Water
  • Security/Safety: Doorman, Elevator Secure, Lobby Secured

Exterior

  • Exterior Features: East Of Us1
  • Deck/Patio: Patio

Parking

  • Parking Features: None

Location

  • Area: 501 First Residences
  • County: Miami-Dade County
  • Subdivision: 501 First Residences
  • Building Name: 501 First Residences
  • Direction Faces: South

Community

  • Community Name: 501 First Residences
  • Association: Yes
  • Pets Allowed: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Construction: CBS Construction
  • Doors: High Impact Doors
  • Entry Floor Number: 10
  • Square Feet: 447
  • Living Area: 447 Sq. Ft.
  • Year Built: 2025
  • Property Condition: New Construction

Lot Features

  • Property View: Skyline

Financial Considerations

  • Price Per Sq. Ft.: $1,062.64
  • Association Fee: $563
  • Assoc Fee Freq.: Monthly
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: 501 First Residences
  • Restrictions: Daily Rentals Allowed
  • Property ID: 00-00-00-000-1001

Listed by Optimar International Realty

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 121 NE 5th St #1001B —

  • Optimar International Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 121 NE 5th St #1001B

School District:Dade County School District
NameGradesDistance
Frederick R. Douglass Elementary School
314 Northwest 12th Street, Miami, FL 33136
PK-50.7 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-82 mi
Booker T. Washington Senior High School
1200 Northwest 6th Avenue, Miami, FL 33136
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 121 NE 5th St #1001B Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/09/2026
Listed
$475,000
27.01%
MLS
1/26/2026
Sold
$374,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 121 NE 5th St #1001B

Year
Property Taxes
Change
Tax Assessment
Change
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
—
View All
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 for 121 NE 5th St #1001B

$
Down Payment
%
$
%

$
$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Optimar International Realty

Similar Properties near 121 NE 5th St #1001B

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

159 NE 6th St, Miami, FL 33132 - Photo 1
$475,000

159 NE 6th St  #4910  Miami, FL 33132

  • Condo
  • Active
  • Updated 12 days ago
  • 1
    Total Bath
  • 367
    Sq. Ft.
11 NE 6th, Miami, FL 33132 - Photo 1
$475,000

11 NE 6th  #1908  Miami, FL 33132

  • Condo
  • Active
  • 1
    Total Bath
  • 430
    Sq. Ft.
398 NE 5th St, Miami, FL 33132 - Photo 1
$475,000

398 NE 5th St  #2316  Miami, FL 33132

  • Condo
  • Active
  • 1
    Total Bath
  • 362
    Sq. Ft.
485 Brickell Ave, Miami, FL 33131 - Photo 1
$475,000

485 Brickell Ave  #4405  Miami, FL 33131

  • Condo
  • Active
  • Updated 8 days ago
  • 1
    Total Bath
  • 495
    Sq. Ft.
Listed by Silvia & Clarisa Team (305) 672-6300

Just Listed near 121 NE 5th St #1001B

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

3441 Poinciana Ave, Coconut Grove, FL 33133 - Photo 1 Just Listed
$3,250,000

3441 Poinciana Ave  Coconut Grove, FL 33133

  • Single Family
  • Active
  • Updated 1 day ago
  • 2
    Beds
  • 3
    Total Baths
  • 1,999
    Sq. Ft.
5 Grove Isle Dr, Coconut Grove, FL 33133 - Photo 1 Just Listed
$9,950,000

5 Grove Isle Dr  #M204  Coconut Grove, FL 33133

  • Condo
  • Active
  • Updated 1 day ago
  • 4
    Beds
  • 5
    Total Baths
  • 3,610
    Sq. Ft.
3441-1 Poinciana Ave, Coconut Grove, FL 33133 - Photo 1 Just Listed
$3,250,000

3441-1 Poinciana Ave  Coconut Grove, FL 33133

  • Residential Lots
  • Active
  • Updated 7 hours ago
  • 0.7
    Acres
2001 Meridian Ave, Miami Beach, FL 33139 - Photo 1 Just Listed
$1,400,000

2001 Meridian Ave  #107  Miami Beach, FL 33139

  • Condo
  • Active
  • Updated 6 days ago
  • 2
    Beds
  • 3
    Total Baths
  • 1,320
    Sq. Ft.
Listed by Matt McMillan (305) 775-8269

Price Reduced near 121 NE 5th St #1001B

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

3540 Main Hwy, Coconut Grove, FL 33133 - Photo 1 Price Reduced
-$40,000 (-4.04%)
$950,000

3540 Main Hwy  #407  Coconut Grove, FL 33133

  • Condo
  • Active
  • Updated 1 day ago
  • 1
    Bed
  • 2
    Total Baths
  • 1,092
    Sq. Ft.
2920 SW 28th Terrace, Coconut Grove, FL 33133 - Photo 1 Price Reduced
-$30,000 (-7.92%)
$349,000

2920 SW 28th Terrace  #407  Coconut Grove, FL 33133

  • Condo
  • Active
  • Updated 2 days ago
  • 2
    Beds
  • 1
    Total Bath
  • 702
    Sq. Ft.
3350 SW 27th Ave, Coconut Grove, FL 33133 - Photo 1 Price Reduced
-$49,000 (-3.65%)
$1,295,000

3350 SW 27th Ave  #1503  Coconut Grove, FL 33133

  • Condo
  • Active
  • Updated 5 days ago
  • 1
    Bed
  • 2
    Total Baths
  • 896
    Sq. Ft.
4775 Collins Ave, Miami Beach, FL 33140 - Photo 1 Price Reduced
-$100,000 (-5.13%)
$1,850,000

4775 Collins Ave  #1708  Miami Beach, FL 33140

  • Condo
  • Active
  • Updated 4 days ago
  • 2
    Beds
  • 2
    Total Baths
  • 1,550
    Sq. Ft.
Listed by The Claudia Whitechurch Team (786) 326-8615

Recent Sales near 121 NE 5th St #1001B

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

121 NE 5th St, Miami, FL 33132 - Photo 1 Sold
$503,000

121 NE 5th St  #0  Miami, FL 33132

  • Condo
  • Closed
  • 1
    Bed
  • 2
    Total Baths
  • 597
    Sq. Ft.
Listed by Stellar Non-Member Office
Sold by La Rosa Realty Llc
601 NE 1st Ave, Miami, FL 33132 - Photo 1 Sold
$490,500

601 NE 1st Ave  #2509  Miami, FL 33132

  • Condo
  • Closed
  • 1
    Bed
  • 1
    Total Bath
601 NE 1st Ave, Miami, FL 33132 - Photo 1 Sold
$460,000

601 NE 1st Ave  #2707  Miami, FL 33132

  • Condo
  • Closed
  • Updated 11 days ago
  • 1
    Bed
  • 1
    Total Bath
  • 550
    Sq. Ft.
159 NE 6th St, Miami, FL 33132 - Photo 1 Sold
$515,000

159 NE 6th St  #3407  Miami, FL 33132

  • Condo
  • Closed
  • 1
    Bed
  • 1
    Total Bath
  • 551
    Sq. Ft.

121 NE 5th Street #1001B, Miami, FL 33132 (MLS# A11961966) is a Condo property with 0 bedrooms and 1 full bathroom. 121 NE 5th Street #1001B is currently listed for $475,000 and was received on February 09, 2026. Want to learn more about 121 NE 5th Street #1001B? 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.

Tour this property