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$465,000

  • For Sale
  • Active
  • Condo
  • 1 Full Bath
  • 447 Sq. Ft.
  • Updated 11 days ago
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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 for 121 NE 5th St #401B

General

  • Price: $465,000
  • HOA FEE: $563/month
  • Taxes: (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11961990
  • Updated: 2/9/2026
  • Added to Site: 12 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: 4
  • 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.: $1,040.27
  • 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: 00-00-00-000-0401

Listed by Optimar International Realty

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Listing agent

— 121 NE 5th St #401B —

  • Optimar International Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 121 NE 5th St #401B

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 #401B Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/09/2026
Listed
$465,000
24.33%
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 #401B

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 #401B

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

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NMLS#: 1598647

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Listed by Optimar International Realty

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121 NE 5th Street #401B, Miami, FL 33132 (MLS# A11961990) is a Condo property with 0 bedrooms and 1 full bathroom. 121 NE 5th Street #401B is currently listed for $465,000 and was received on February 09, 2026. Want to learn more about 121 NE 5th Street #401B? Do you have questions about finding other Condo real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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