Condominium
121 NE 5th Street # 1001B
121 NE 5th Street # 1001B, Miami FL 33132 Get directions
$475,000
0 Beds · 1 Bath · 447 SqFt
See estimated monthly costThis listing is courtesy of Optimar International Realty. Ginna Rojas
Overview
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.
Facts & features
Interior
- Living area (sq ft)
- 447
- Full bathrooms
- 1
- Furnished
- Furnished,Turn Key Furnished
- First Floor Entry
Building & exterior
- Year built
- 2025
- Skyline
- East Of Us1
- None
HOA (homeowners association)
- Association fee
- $563 per month
- Pets allowed
- Yes
- Exercise Room
- Kitchen Facilities
- Pool
- Daily Rentals Allowed
- Restrictions Or Possible Restrictions
Taxes
- Annual tax
- $0
- Tax year
- 2025
- Parcel number
- 00-00-00-000-1001
Listing
- MLS number
- A11961966
- Property type
- Condominium
- Price per SqFt
- $1,063
- Subdivision
- 501 First Residences
- On market since
- Feb 9, 2026
- Days on market
- 234
Estimated monthly cost
$3,321 per month
- Principal & interest (30 yr)
- $2,402
- Property tax
- $0
- Insurance (estimated)
- $356
- Association fee
- $563
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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