24
  • Type
  • Condominium
  • 0
  • Bedroom
  • 1
  • Bathroom
  • 1
  • Garage
  • 456 Sq Ft
  • Area Size
121 NE 5th st # 3400, Miami FL 33132 | Miami-Dade County | A11978516
  • $495,000

Description

Unit already generating income in a short rental program with management company. Stunning high-floor residence on the 34th floor at 501 First Residences, offering breathtaking direct east-facing water views of Biscayne Bay. This beautifully designed unit comes fully furnished and completely turn-key, ideal for both personal use and investment. Approved for short-term rentals and currently professionally managed by a short-term rental company, the property offers excellent income potential from day one. Floor-to-ceiling windows fill the space with natural light and showcase spectacular bay views, while modern finishes and a private balcony enhance the living experience. Residents enjoy resort-style amenities and a prime location in the heart of Miami, just moments from dining, entertainment, and waterfront attractions.

Property Overview

This one-bedroom, one-bathroom condo at 501 First Residences is a high-floor unit located on the 34th floor, offering unobstructed east-facing water views of Biscayne Bay. The unit is currently generating income through a short-term rental program with a professional management company, making it a great option for investors or those looking for a hands-off ownership experience. The space is fully furnished and move-in ready, with modern finishes and floor-to-ceiling windows that bring in plenty of natural light and showcase the bayfront scenery. Measuring 456 square feet, the layout is efficient and well-suited for both living and entertaining. A private balcony extends the living space outdoors, offering additional views and a peaceful place to relax. The unit is part of the 501 First Residences building, which is scheduled for completion in 2026, and includes resort-style amenities for all residents. Located at 121 NE 5th St #3400 in Miami, the property sits in a prime location with easy access to restaurants, entertainment, and waterfront activities. The unit is priced at $495,000, with an estimated monthly HOA fee of $674. The building is part of the 501 First subdivision, and the property is approved for short-term rentals. For more information or to see if this unit fits your needs, call 305-859-4733.

Frequently Asked Questions

Is this unit approved for short-term rentals?

Yes, the unit is approved for short-term rentals and is currently professionally managed by a short-term rental company.

What kind of views does this unit offer?

The unit offers direct east-facing water views of Biscayne Bay.

Is this unit furnished?

Yes, the unit is fully furnished and turn-key, making it ready for both personal use or rental.

What amenities are available at 501 First Residences?

Residents have access to resort-style amenities, including a prime location in the heart of Miami with easy access to dining, entertainment, and waterfront attractions.

What is the current HOA fee for this unit?

The current HOA fee is $674.

How many bedrooms and bathrooms does this unit have?

The unit has 0 bedrooms and 1 full bathroom.

Monthly Fees & Carrying Costs

Association Fee $674 / month
Total Monthly Fees $674 / month
  • Membership Required: No
  • Application Fee: $150 (one-time)
  • Address: 5th st
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33132
  • Area: 501 First

Details

Updated on June 29, 2026 at 7:52 pm
  • Property ID A11978516
  • Price $495,000
  • Property Size 456 Sq Ft
  • Bedroom 0
  • Room 0
  • Bathroom 1
  • Garage 1
  • Year Built 2026
  • Type Condominium
  • Property Status Active, Residential

Additional details

  • Flooring Ceramic Floor
  • Bedroom Features Entry Level, Studio
  • Cooling Central Air
  • Association Type Condo
  • Building 501 first residences
  • Association Fee Frequency Monthly
  • Area 501 First
  • Annual Tax 0
  • Association Yes
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Full Bathrooms 1
  • Subdivision 501 First
  • Total Stories 40
  • Restrictions Daily Rentals Allowed, Ok To Lease, See Broker Remarks
  • Maintenance Includes All Amenities, Cable Tv, Internet/WiFi, Parking, Sewer, Trash Removal, Water
  • Parking 1 Space, Guest, Valet
  • Heating Central
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2026
  • Construction Concrete Block Construction, CBS Construction
  • Covered Spaces 1
  • Unit Floor 34
  • View Bay, Ocean View, Water View
  • Year Built Details New Construction
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 3400
  • Patio / Porch Open Balcony
  • New Construction Yes
  • Garage Spaces 1
  • Style Condo 5+ Stories
  • Association Fee 674
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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Christopher Lazaro

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