121 NE 5th Street # 1404, Miami FL 33132 | Miami-Dade County | A11992993
  • $489,000

Description

Excellent investor opportunity! This brand-new furnished studio in Downtown Miami can be rented daily. Located in modern 501 First building, just steps from the Metromover, with easy access to Brickell, Miami Beach, and major highways. This contemporary unit features modern finishes, new appliances with washer and dryer included, and an efficient layout. Enjoy living in a luxury building in the heart of the city, close to restaurants, shopping, and entertainment. Amenities include 75-foot resort-style rooftop pool, state-of-the-art fitness center, yoga/meditation area, sunrise and sunset terraces with city views, greenhouse lounge, co-working spaces, pet lounge with pet-washing station, and more! Perfect for convenient urban living.

Property Overview

This brand-new, furnished studio at 501 First Residences is an excellent investment opportunity in the heart of Downtown Miami. Ideal for short-term rental, it features modern finishes, new appliances, and a washer and dryer included. The layout is efficient and well-suited for urban living, with all the essentials in one compact space. Located in the modern 501 First building, this unit is just steps from the Metromover and offers easy access to Brickell, Miami Beach, and major highways. The location is prime for those who want to be close to the city’s energy, with nearby restaurants, shopping, and entertainment options. Residents enjoy a full range of luxury amenities, including a 75-foot resort-style rooftop pool, state-of-the-art fitness center, yoga and meditation areas, sunrise and sunset terraces with city views, a greenhouse lounge, co-working spaces, and a pet lounge with a pet-washing station. This unit is part of a brand-new development and reflects the modern, convenient lifestyle that Downtown Miami has to offer.

Frequently Asked Questions

How many bedrooms does this unit have?

This unit is a studio with no separate bedrooms.

What is the total number of bathrooms?

The unit has one full bathroom.

When is the building expected to be completed?

The building is expected to be completed in 2026.

What is the monthly HOA fee?

The monthly HOA fee is $588.

What amenities are available in the building?

The building offers a 75-foot resort-style rooftop pool, state-of-the-art fitness center, yoga/meditation area, sunrise and sunset terraces with city views, greenhouse lounge, co-working spaces, and a pet lounge with a pet-washing station.

Is the unit currently furnished?

Yes, the unit is currently furnished.

Monthly Fees & Carrying Costs

Association Fee $588 / month
Total Monthly Fees $588 / month
  • Membership Required: No
  • Application Fee: $150 (one-time)
  • Address: 5th Street
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33132
  • Area: 501 First Residences, 501 First

Details

Updated on June 24, 2026 at 11:48 pm
  • Property ID A11992993
  • Price $489,000
  • Bedroom 0
  • Room 0
  • Bathroom 1
  • Garage 1
  • Year Built 2026
  • Type Condominium
  • Property Status Active, Residential

Additional details

  • Flooring Tile
  • Bedroom Features Entry Level
  • Cooling Central Air
  • Association Type Condo
  • Building 501 First Residences
  • Association Fee Frequency Monthly
  • Area 501 First Residences
  • Annual Tax 0
  • Association Yes
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Full Bathrooms 1
  • Subdivision 501 First Residences,501 First
  • Total Stories 40
  • Restrictions Daily Rentals Allowed
  • Maintenance Includes Common Area, Elevator, Hot Water, Internet/WiFi, Trash Removal, Water
  • Amenities Business Center, Clubhouse-Clubroom, Elevator(s), Exercise Room, Exterior Lighting, Pool
  • Parking 1 Space, Valet
  • Heating Central
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2025
  • Construction Concrete Block Construction
  • Covered Spaces 1
  • Unit Floor 14
  • View Skyline
  • Year Built Details Resale
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 1404
  • Half Bathrooms 0
  • Patio / Porch Open Balcony
  • New Construction No
  • Garage Spaces 1
  • Style Condo 5+ Stories
  • Association Fee 588
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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Christopher Lazaro

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