121 NE 5th St # 3704, Miami FL 33132 | Miami-Dade County | A12050355
  • $500,000

Description

DEVELOPER UNIT! Studio / 1 Bath | 402 SF | South-Facing

Exceptional opportunity to own a brand-new, fully furnished residence in the heart of Downtown Miami. Thoughtfully designed with premium finishes throughout and move-in ready, offering outstanding investment potential.

One of the few residences in the area with no rental restrictions, allowing short-term rentals. Ideally located in the vibrant Miami Worldcenter district.

The residence features floor-to-ceiling impact-resistant glass, a private balcony, Italian cabinetry, high-end appliances, and designer furnishings included in the sale.

Residents enjoy over 20,000 square feet of resort-style amenities, including a rooftop pool, hydrotherapy spa, HOMAGE fitness center, yoga studio, entertainment lounges, coworking spaces, a chef’s kitchen, and much more.

Easy to show.

Property Overview

This 402-square-foot studio with one full bathroom is part of the new 501 First Residences, a luxury condo building set to open in 2025 in Downtown Miami. Located at 121 NE 5th St #3704, the unit is developer-owned and fully furnished, with floor-to-ceiling impact-resistant glass and a private balcony. It includes Italian cabinetry, high-end appliances, and designer furnishings, and is ready for immediate move-in. The building offers over 20,000 square feet of resort-style amenities, such as a rooftop pool, hydrotherapy spa, HOMAGE fitness center, yoga studio, entertainment lounges, and coworking spaces. Residents also benefit from a chef's kitchen and more, making it ideal for both living and visiting. This unit has no rental restrictions, making it a strong option for those considering short-term rental opportunities. The property is located in the Miami Worldcenter district, a vibrant area with restaurants, shops, and entertainment within walking distance. With no HOA fees and a starting price of $500,000, it's positioned as a straightforward, modern option for buyers looking to invest or live in the heart of Miami. Call 305-859-4733 for more information.

Frequently Asked Questions

What is the unit size and layout of this property?

This is a studio unit with one full bathroom and no additional bedrooms, offering 402 square feet of living space. It features a south-facing orientation and a private balcony.

Are there any HOA fees associated with this unit?

There are no HOA fees for this unit.

Can this unit be used for short-term rentals?

Yes, this unit has no rental restrictions and is ideal for short-term rental use.

What kind of finishes and features are included in the unit?

The unit includes floor-to-ceiling impact-resistant glass, Italian cabinetry, high-end appliances, and designer furnishings. It is fully furnished and move-in ready.

What amenities are available to residents?

Residents have access to over 20,000 square feet of resort-style amenities, including a rooftop pool, HOMAGE fitness center, hydrotherapy spa, yoga studio, entertainment lounges, and a chef's kitchen.

Where is the building located?

The property is located at 121 NE 5th St # 3704 in the heart of Downtown Miami, within the Miami Worldcenter district.

Monthly Fees & Carrying Costs

Association Fee $589 / month
Total Monthly Fees $589 / month
  • Membership Required: No

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

Details

Updated on July 10, 2026 at 12:40 am
  • Property ID A12050355
  • Price $500,000
  • Property Size 544 Sq Ft
  • Bedroom 0
  • Room 0
  • Bathroom 1
  • Year Built 2025
  • Property Status Active, Residential

Additional details

  • Flooring Other
  • Bedroom Features Other, Studio
  • Cooling Central Air
  • Association Type Condo
  • Building 501 First Residences
  • Association Fee Frequency Monthly
  • Area 501 First Residences
  • Annual Tax 0
  • Association Yes
  • Private Pool No
  • Listing Terms All Cash, Conventional, FHA
  • Waterfront No
  • Full Bathrooms 1
  • Subdivision 501 First Residences
  • Total Stories 40
  • Restrictions Other Restrictions
  • Maintenance Includes All Amenities, Common Area, Elevator, Manager, Other Maintenance Includes, Security
  • Amenities Barbecue, Business Center, Clubhouse-Clubroom, Community Room, Exercise Room, Other, Pool
  • Parking Other, Valet
  • Heating Other
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2025
  • Construction Other
  • Building Area 544
  • Covered Spaces 0
  • Unit Floor 37
  • View Other View
  • Year Built Details New Construction
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 3704
  • Half Bathrooms 0
  • New Construction Yes
  • Garage Spaces 0
  • Style Condo 5+ Stories
  • Association Fee 589
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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