121 NE 5th Street # 1001B, Miami FL 33132 | Miami-Dade County | A11961966
- $475,000
- $475,000
Description
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.
Property Overview
Frequently Asked Questions
What type of property is Unit 1001B at 501 First Residences?
What is the total living area of Unit 1001B?
Does this unit include any additional storage space?
Are short-term rentals allowed in the building?
What amenities are available to residents and guests?
Where is 501 First Residences located?
Monthly Fees & Carrying Costs
| Association Fee | $563 / month |
| Total Monthly Fees | $563 / month |
- Membership Required: No
- Application Fee: $100 (one-time)
Address
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Address: 5th Street
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City: Miami
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State/county: Miami-Dade County
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Zip/Postal Code: 33132
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Area: 501 First Residences
Details
Updated on June 26, 2026 at 3:47 am-
Property ID A11961966
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Price $475,000
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Property Size 447 Sq Ft
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Bedroom 0
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Room 0
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Bathroom 1
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Garage 0
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Year Built 2025
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Ceramic Floor
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Bedroom Features Entry Level, Studio
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Cooling Central Air
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Association Type Condo
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Building 501 First Residences
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Association Fee Frequency Monthly
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Area 501 First Residences
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Annual Tax 0
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Association Yes
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront No
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Full Bathrooms 1
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Subdivision 501 First Residences
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Total Stories 40
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Restrictions Daily Rentals Allowed
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Maintenance Includes All Amenities, Cable Tv, Hot Water, Internet/WiFi, Water
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Amenities Exercise Room, Kitchen Facilities, Pool
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Parking None
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Heating Central
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2025
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Construction CBS Construction
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Covered Spaces 0
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Unit Floor 10
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View Skyline
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Year Built Details New Construction
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Pets Allowed Yes
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Attached Yes
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Unit Number 1001B
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Patio / Porch Patio
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New Construction Yes
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Garage Spaces 0
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Style Condo 5+ Stories
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Association Fee 563
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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Down Payment
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Property Tax
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Monthly HOA Fees