28
  • Type
  • Condominium
  • 0
  • Bedroom
  • 1
  • Bathroom
  • 0
  • Garage
  • 447 Sq Ft
  • Area Size
121 NE 5th Street # 1001B, Miami FL 33132 | Miami-Dade County | A11961966
  • $475,000

Description

High-floor fully furnished studio at 501 First Residences designed for investors seeking daily rental income potential in the heart of Downtown Miami. Unit 1001B offers 385 SF (36 m²) with a modern open layout, floor-to-ceiling glass, and a private balcony delivering natural light and an efficient, guest-friendly design. The residence comes turnkey furnished with blinds and sofa bed, includes private storage, and is located in a building that permits short-term rentals with no minimum lease restrictions, making it an excellent addition to any income-producing portfolio. Residents and guests enjoy access to resort-style amenities, fitness facilities, social and co-working areas, and proximity to Miami Worldcenter, Brightline, shopping, dining, and entertainment venues. A compact, income-ready unit optimized for high-demand short-term rental use.

Property Overview

This is a high-floor studio unit at 501 First Residences, located at 121 NE 5th Street, Miami, FL 33132. The unit, numbered 1001B, offers a fully furnished living space with one full bathroom. It has a modern open layout featuring floor-to-ceiling glass and a private balcony. The unit is designed with natural light in mind and includes a sofa bed and blinds, making it ready for use without further preparation. It measures 385 square feet and is presented as a ready-to-rent option for investors. The building allows short-term rentals with no minimum lease restrictions, and the unit includes a private storage area. As part of the 501 First Residences, residents and guests have access to resort-style amenities, fitness facilities, co-working spaces, and social areas. The location is ideal for those interested in short-term rental income, with proximity to Miami Worldcenter, Brightline train access, and a wide range of dining and entertainment options. The asking price is $475,000, and the monthly HOA fee is $563. This is an income-focused unit built in 2025, part of a newer development in Downtown Miami. The unit is well-suited for investors looking to capitalize on high-demand short-term rental opportunities in a central, well-connected location. For more details or to schedule a showing, call 305-859-4733.

Frequently Asked Questions

What type of property is Unit 1001B at 501 First Residences?

Unit 1001B is a studio unit in a condominium building at 501 First Residences.

What is the total living area of Unit 1001B?

Unit 1001B has a living area of 385 square feet.

Does this unit include any additional storage space?

Yes, the unit includes private storage.

Are short-term rentals allowed in the building?

Yes, the building allows short-term rentals and has no minimum lease restrictions.

What amenities are available to residents and guests?

Residents and guests have access to resort-style amenities, fitness facilities, and social and co-working areas.

Where is 501 First Residences located?

The building is located at 121 NE 5th Street #1001B, Miami, FL 33132, in the heart of Downtown Miami.

Monthly Fees & Carrying Costs

Association Fee $563 / month
Total Monthly Fees $563 / month
  • Membership Required: No
  • Application Fee: $100 (one-time)
  • Address: 5th Street
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33132
  • Area: 501 First Residences

Details

Updated on June 26, 2026 at 3:47 am
  • Property ID A11961966
  • Price $475,000
  • Property Size 447 Sq Ft
  • Bedroom 0
  • Room 0
  • Bathroom 1
  • Garage 0
  • Year Built 2025
  • 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 Residences
  • Annual Tax 0
  • Association Yes
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Full Bathrooms 1
  • Subdivision 501 First Residences
  • Total Stories 40
  • Restrictions Daily Rentals Allowed
  • Maintenance Includes All Amenities, Cable Tv, Hot Water, Internet/WiFi, Water
  • Amenities Exercise Room, Kitchen Facilities, Pool
  • Parking None
  • Heating Central
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2025
  • Construction CBS Construction
  • Covered Spaces 0
  • Unit Floor 10
  • View Skyline
  • Year Built Details New Construction
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 1001B
  • Patio / Porch Patio
  • New Construction Yes
  • Garage Spaces 0
  • Style Condo 5+ Stories
  • Association Fee 563
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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Christopher Lazaro

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