121 NE 5th Street # 401B, Miami FL 33132 | Miami-Dade County | A11961990
- $439,000
- Condominium
- 0
- 1
- 0
- 447 Sq Ft
121 NE 5th Street # 401B, Miami FL 33132 | Miami-Dade County | A11961990
- $439,000
Description
Investor-friendly turnkey studio at 501 First Residences—one of Downtown Miami’s newest buildings allowing legal daily rentals, ideal for Airbnb-style income strategies. Unit 401B offers 385 SF (36 m²) featuring an efficient open floor plan, floor-to-ceiling windows, and a private balcony designed to maximize guest appeal. Offered fully furnished with blinds and sofa bed, this residence includes private storage and is ready for immediate rental operation. Its flexible layout and low-maintenance design make it a strong option for investors seeking consistent short-term rental demand in a high-growth urban location. Enjoy access to modern amenities, fitness center, social lounges, and a central location steps from Miami Worldcenter, transit, entertainment, and cultural venues. A smart, income-producing opportunity in Miami’s evolving rental landscape.
Property Overview
Unit 401B at 501 First Residences is a turnkey studio designed with investors in mind. This 385-square-foot unit features an efficient open layout, floor-to-ceiling windows, and a private balcony that enhances guest experience. Offered fully furnished with blinds and a sofa bed, it includes private storage and is ready for immediate rental use. The building is part of Downtown Miami’s newest developments and allows legal daily rentals, making it ideal for Airbnb-style income. The unit benefits from a low-maintenance structure and flexible layout, supporting consistent short-term rental demand in a high-growth area. Residents enjoy access to modern amenities like a fitness center and social lounges. Located at 121 NE 5th Street, the unit is steps from Miami Worldcenter, transit options, entertainment, and cultural venues. This is a strategic opportunity in Miami’s evolving urban rental market. For more details, call 305-859-4733.
Frequently Asked Questions
What is the unit size and layout of Unit 401B?
Unit 401B is a studio with one full bathroom and an open floor plan, totaling 385 square feet. The layout is designed for efficiency and guest appeal, with a private balcony.
Is this unit suitable for short-term rentals?
Yes, this unit is located in a building that allows legal daily rentals, making it ideal for Airbnb-style income strategies.
What amenities are available at 501 First Residences?
Residents have access to modern amenities including a fitness center, social lounges, and a prime location steps from Miami Worldcenter, transit, entertainment, and cultural venues.
What is included with the unit?
The unit is offered fully furnished with blinds, a sofa bed, and includes private storage, making it ready for immediate rental operation.
What is the monthly HOA fee?
The HOA fee is $563 per month.
Is the building new?
Yes, the building, 501 First Residences, was built in 2025 and is one of the newest developments in Downtown Miami.
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 20, 2026 at 12:37 pm-
Property ID A11961990
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Price $439,000
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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 4
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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 401B
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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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