121 NE 5th Street # 807, Miami FL 33132 | Miami-Dade County | A11961922
- $449,000
- Condominium
- 0
- 1
- 0
- 447 Sq Ft
121 NE 5th Street # 807, Miami FL 33132 | Miami-Dade County | A11961922
- $449,000
Description
Unit 807 Studio Turnkey investment opportunity at 501 First Residences, a modern Downtown Miami building allowing daily rentals with no minimum restrictions—ideal for short-term rental investors. Unit 807 is a well-designed studio residence offering 447 SF (42 m²) with an efficient open layout, floor-to-ceiling impact windows, and a private balcony providing natural light and urban city ambiance. Delivered fully furnished with blinds and sofa bed, this unit is ready for immediate rental income. The residence also includes a storage provided by the association, adding additional convenience and flexibility for owners and guests. 501 First Residences offers resort-style amenities, co-working spaces, fitness center, social lounges, and prime walkability to Miami Worldcenter, Brightline Station, Bayfront Park, dining, entertainment, and major transportation corridors. An ideal plug-and-play investment in one of Miami’s fastest-growing short-term rental markets.
Property Overview
Unit 807 at 501 First Residences is a studio unit with one full bathroom and 447 square feet of living space. The layout is open and efficient, featuring floor-to-ceiling impact windows and a private balcony that brings in natural light and views of the city. The unit is delivered fully furnished, with blinds and a sofa bed, and includes association-provided storage. The building is newly constructed, with a completion date of 2025. It allows daily short-term rentals with no minimum stay restrictions, making it a strong option for investors looking to generate immediate rental income. The unit is priced at $449,000, with an estimated monthly HOA fee of $657. 501 First Residences offers a range of amenities, including a resort-style pool, co-working areas, a fitness center, and social lounges. The location is walkable to Miami Worldcenter, Brightline Station, Bayfront Park, and major dining and entertainment destinations. For more information, call 305-859-4733.
Frequently Asked Questions
Is this unit a good option for short-term rental income?
Yes, Unit 807 at 501 First Residences is ideal for short-term rental income. The building allows daily rentals with no minimum restrictions, making it a plug-and-play investment in a fast-growing Miami short-term rental market.
What is included in the unit's furnishings?
Unit 807 is delivered fully furnished with blinds and a sofa bed, making it ready for immediate use or rental without additional setup.
Are there storage options available for the unit?
Yes, the unit includes storage provided by the association, offering added convenience and flexibility for owners and guests.
What amenities are available in the 501 First Residences building?
The building offers resort-style amenities, co-working spaces, a fitness center, and social lounges, all within a modern downtown setting.
Is the location walkable to major attractions and transportation?
Yes, the location is highly walkable to Miami Worldcenter, Brightline Station, Bayfront Park, and major dining and entertainment areas, providing excellent access to transportation and urban amenities.
What is the size of the unit, and how is the space designed?
Unit 807 is a studio with 447 square feet, featuring an efficient open layout, floor-to-ceiling impact windows, and a private balcony with natural light and urban city views.
Monthly Fees & Carrying Costs
| Association Fee | $657 / month |
| Total Monthly Fees | $657 / month |
- Membership Required: No
- Application Fee: $100 (one-time)
Address
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Address: 5th Street
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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 Residences
Details
Updated on June 26, 2026 at 3:45 am-
Property ID A11961922
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Price $449,000
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Property Size 447 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 0
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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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Flooring Ceramic Floor
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Bedroom Features Entry Level, Studio
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Cooling Central Air
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Association Type Condo
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Building 501 First Residences
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Association Fee Frequency Monthly
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Area 501 First Residences
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Annual Tax 0
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Association Yes
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront No
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Full Bathrooms 1
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Subdivision 501 First Residences
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Total Stories 40
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Restrictions Daily Rentals Allowed
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Maintenance Includes All Amenities, Cable Tv, Hot Water, Internet/WiFi, Water
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Amenities Exercise Room, Kitchen Facilities, Pool
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Parking None
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Heating Central
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2025
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Construction CBS Construction
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Covered Spaces 0
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Unit Floor 8
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View Skyline
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Year Built Details New Construction
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Pets Allowed Yes
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Attached Yes
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Unit Number 807
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Patio / Porch Patio
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New Construction Yes
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Garage Spaces 0
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Style Condo 5+ Stories
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Association Fee 657
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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