Condominium
121 NE 5th St # 3200
121 NE 5th St # 3200, Miami FL 33132 Get directions
$468,000
0 Beds · 1 Bath · 412 SqFt
See estimated monthly costThis listing is courtesy of MAK Realty Group. Sergey Rybak
Overview
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.
Facts & features
Interior
- Living area (sq ft)
- 412
- Full bathrooms
- 1
- Interior Hall
- Lobby
- First Floor Entry
- Closet Cabinetry
- Elevator
Building & exterior
- Year built
- 2025
- Bay
- Water View
- Barbeque
- Valet
HOA (homeowners association)
- Association fee
- $589 per month
- Pets allowed
- Yes
- Barbecue
- Business Center
- Clubhouse-Clubroom
- Elevator(s)
- Exercise Room
- Heated Pool
- Pool
- Spa/Hot Tub
- Trash Chute
- Daily Rentals Allowed
- No Restrictions
Taxes
- Annual tax
- $0
- Tax year
- 2026
- Parcel number
- 01-41-01-008-0200
Listing
- MLS number
- A12039927
- Property type
- Condominium
- Price per SqFt
- $1,136
- Subdivision
- 501 FIRST RESIDENCES
- On market since
- Jun 18, 2026
- Days on market
- 118
Estimated monthly cost
$3,306 per month
- Principal & interest (30 yr)
- $2,366
- Property tax
- $0
- Insurance (estimated)
- $351
- Association fee
- $589
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- New World School of the Arts
- School For Advanced Studies Wolfson
- Law Enforcement Officers Memorial Senior High
- Downtown Miami Charter School
- RJW The Academy of Arts Sciences
- School Board Adm - Main Building
- Anna Brenner Meyers Telecommunication Complex
- K-12 Distance Learning
- Frederick Douglass Elementary
- Miami-Dade Online Academy
- iPrep Academy
- Primary Learning Center
- School Board Adm -Garage
- Chapman Partnership Early Childhood Center North
- Key Point Academy Downtown
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