15
  • 0
  • Bedroom
  • 1
  • Bathroom
  • 412 Sq Ft
  • Area Size
121 NE 5th St # 3400, Miami FL 33132 | Miami-Dade County | A12118649
  • $450,000

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

501 First Residences offers a 412-square-foot condo in a building completed in 2025. This 1-bath unit is located on the 34th floor and includes a private balcony with floor-to-ceiling windows that provide direct east-facing views of Biscayne Bay. The residence is fully furnished and features modern finishes. The monthly HOA fee is $589. The property is currently part of a short-term rental program managed by a professional company, generating income for the owner. The building provides resort-style amenities and is located at 121 NE 5th St # 3400, Miami, FL 33132, near dining and entertainment options. The listing price is $450,000. For details on the rental management agreement or financial performance, please call 305-859-4733.

Frequently Asked Questions

Is this unit currently generating rental income?

Yes, the unit is part of a short-term rental program and is currently professionally managed by a short-term rental company, providing immediate income potential for buyers.

What is the monthly HOA fee for this property?

The monthly HOA fee is $589. This amount covers the building's shared amenities and maintenance, but buyers should verify if it includes utilities or other specific services.

What are the basic interior dimensions and layout of the condo?

The unit has a living area of 412 square feet, features one full bathroom, and includes a private balcony. It is described as fully furnished and turn-key, suitable for immediate personal use or rental.

What kind of views does the unit offer?

Located on the 34th floor, the residence offers direct east-facing views of Biscayne Bay through floor-to-ceiling windows that provide natural light to the interior.

When was the building constructed?

The building was constructed in 2025. For details regarding the specific year of completion or occupancy status, please call 305-859-4733.

What are the primary amenities and location benefits of this building?

The building is located in the heart of Miami, near dining and waterfront attractions. Residents have access to resort-style amenities, though specific details regarding these facilities can be confirmed by calling 305-859-4733.

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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This listing is courtesy of The Keyes Company.

Listing data courtesy of MIAMI Association of REALTORS (RAPB/GFLR) via Bridge Interactive. Copyright SEFMLS © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.

  • Address: 5th St
  • City: Miami
  • Zip/Postal Code: 33132

Details

Updated on November 7, 2026 at 8:52 pm
  • Property ID A12118649
  • Price $450,000
  • Property Size 412 Sq Ft
  • Bedroom 0
  • Room 0
  • Bathroom 1
  • Year Built 2025
  • Property Status Active, Residential

Additional details

  • View Bay, Skyline, Water View
  • Cooling Central Air
  • Heating Central
  • Tax Year 2025
  • Flooring Ceramic Floor
  • Unit Floor 34
  • Unit Number 3400
  • Building 501 First
  • Garage Spaces 1
  • Listing Terms All Cash, Conventional
  • Area 501 First Residences
  • Total Stories 40
  • Waterfront No
  • Association Yes
  • Full Bathrooms 1
  • Half Bathrooms 0
  • Covered Spaces 1
  • Style Condo 5+ Stories
  • Private Pool No
  • Structure Type Condo 5+ Stories, Condo
  • Association Fee 589
  • Parking 1 Space, Covered, Valet
  • Subdivision 501 First Residences
  • Annual Tax 0
  • Year Built Details Effective Year Built
  • Building Area 412
  • Lot Size (Sq Ft) 0
  • New Construction No
  • Attached Yes
  • Bedroom Features Entry Level
  • Restrictions Daily Rentals Allowed, Ok To Lease, Okay To Lease 1st Year
  • Construction CBS Construction
  • Pets Allowed Yes
  • Patio / Porch Open Balcony
  • Association Fee Frequency Monthly
  • Association Type Condo
  • Maintenance Includes All Amenities, Internet/WiFi, Manager, Parking, Security, Sewer, Trash Removal, Water
  • Membership Purchase Required No

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