121 NE 5th St # 1809, Miami FL 33132 | Miami-Dade County | A12027732
- $425,000
- Condominium
- 0
- 1
- 1
- 359 Sq Ft
121 NE 5th St # 1809, Miami FL 33132 | Miami-Dade County | A12027732
- $425,000
Description
Modern studio in the heart of Downtown Miami featuring floor-to-ceiling windows, contemporary finishes and fully furnished. Closets are done, just need to add details to start renting out such as bed bedding and kitchen supplies. Full-service building with resort-style amenities and unbeatable location in Miami World Center near dining, nightlife, and cultural attractions. Unit has not been used. ready for new owner to take over and start renting out or using as a pied a ter in miami.
Investor-friendly building allows daily/short-term rentals, offering strong income potential in a high-demand area.
Property Overview
501 First is a new condominium building completed in 2025, located at 121 NE 5th Street in Downtown Miami. This studio residence, unit 1809, offers 359 square feet of living space with floor-to-ceiling windows and contemporary finishes. It is currently listed for sale at $425,000. The unit is fully furnished and ready for immediate use. The closets are completed; a new owner would need to supply items like bedding and kitchenware. The building permits daily and short-term rentals, which may present an income opportunity given its location. The full-service building at 501 First has resort-style amenities. The condo association fee is $589 per month. It is situated within the Miami World Center area, near dining, nightlife, and cultural attractions. For specific details regarding rental history or financials, please call 305-859-4733.
Frequently Asked Questions
What are the specific details of the unit at 501 First?
This is a studio condo for sale, listed at $425,000. It has 0 bedrooms, 1 full bathroom, and 359 square feet of living area. The unit was built in 2025 and is described as fully furnished and ready for use.
What is the HOA fee and what does it cover?
The monthly HOA fee is $589. The building is described as a full-service building with resort-style amenities, though the specific amenities covered by the fee are not detailed in the public facts.
Is this property suitable for short-term rental investment?
Yes, according to the public description, the building at 501 First is investor-friendly and allows daily or short-term rentals. It is marketed as having strong income potential in the high-demand Miami World Center area.
What is the location like?
The address is 121 NE 5th St #1809 in Miami, FL, 33132. It is located in the 501 First building in Downtown Miami, within the Miami World Center area, which is noted for its proximity to dining, nightlife, and cultural attractions.
What condition is the unit in?
The public description states the unit is modern with floor-to-ceiling windows and contemporary finishes. It is fully furnished, with closets completed. It notes the unit has not been used and is ready for a new owner to take over, needing only details like bed bedding and kitchen supplies to start renting.
Monthly Fees & Carrying Costs
| Association Fee | $589 / month |
| Total Monthly Fees | $589 / month |
- Membership Required: No
- Application Fee: $150 (one-time)
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Address
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Address: 5th St
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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
Details
Updated on September 26, 2026 at 11:49 am-
Property ID A12027732
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Price $425,000
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Property Size 359 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 1
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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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View Skyline
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Cooling Central Air
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Heating Central
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Tax Year 2026
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Flooring Ceramic Floor
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Unit Floor 18
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Unit Number 1809
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Building 501 First
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Garage Spaces 1
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Listing Terms All Cash, Conventional
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Area 501 First
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Total Stories 40
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Waterfront No
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Association Yes
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Full Bathrooms 1
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Half Bathrooms 0
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Covered Spaces 1
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Style Condo 5+ Stories
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Private Pool Yes
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Structure Type Condo 5+ Stories, Condo
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Association Fee 589
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Parking 1 Space, Valet
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Subdivision 501 First
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Annual Tax 0
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Year Built Details Effective Year Built
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Building Area 359
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Lot Size (Sq Ft) 0
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New Construction No
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Attached Yes
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Bedroom Features None
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Amenities Barbecue, Business Center, Clubhouse-Clubroom, Community Room, Exercise Room, Library, Private Pool
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Restrictions Daily Rentals Allowed
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Construction Concrete Block Construction
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Pets Allowed Yes
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Patio / Porch Open Balcony
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Association Fee Frequency Monthly
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Association Type Condo
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Maintenance Includes All Amenities, Elevator, Hot Water, Sewer, Trash Removal, Water
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Membership Purchase Required No
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