Condominium
121 NE 5th Street # 807
121 NE 5th Street # 807, Miami FL 33132 Get directions
$449,000
0 Beds · 1 Bath · 447 SqFt
See estimated monthly costThis listing is courtesy of Optimar International Realty. Ginna Rojas
Overview
Unit 807 Studio Turnkey investment opportunity at 501 First Residences, a modern Downtown Miami building allowing daily rentals with no minimum restrictions—ideal for short-term rental investors. Unit 807 is a well-designed studio residence offering 447 SF (42 m²) with an efficient open layout, floor-to-ceiling impact windows, and a private balcony providing natural light and urban city ambiance. Delivered fully furnished with blinds and sofa bed, this unit is ready for immediate rental income. The residence also includes a storage provided by the association, adding additional convenience and flexibility for owners and guests. 501 First Residences offers resort-style amenities, co-working spaces, fitness center, social lounges, and prime walkability to Miami Worldcenter, Brightline Station, Bayfront Park, dining, entertainment, and major transportation corridors. An ideal plug-and-play investment in one of Miami’s fastest-growing short-term rental markets.
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
- $657 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
- 00-00-00-000-0807
Listing
- MLS number
- A11961922
- Property type
- Condominium
- Price per SqFt
- $1,004
- Subdivision
- 501 First Residences
- On market since
- Feb 9, 2026
- Days on market
- 229
Estimated monthly cost
$3,264 per month
- Principal & interest (30 yr)
- $2,270
- Property tax
- $0
- Insurance (estimated)
- $337
- Association fee
- $657
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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