Condo in 121 NE 5th Street 807, Miami, FL 33132 for sale with MLS# A11961922
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.
121 NE 5th Street 807, Miami, FL 33132
- Price:
- $449,000.00
- Original List Price:
- $490,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $1,004.47
- More Listings Same Building:
- 501 First Residences in 121 5 Street Miami
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Residential
- Property Type:
- Condominium
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- March 31, 2026 6:40 pm
- Other Special Conditions:
- Sold As-is
- Bathrooms Total:
- 1
- Full Bath:
- 1
- Master Bedroom Bath:
- Separate Shower, Bedroom On Entry Level
- Living Area:
- 447 Sqft
- View from the Property:
- Skyline
- Waterfront:
- No
- Security:
- Security System, Lobby - Attended, Elevator Secure
- Furnished:
- Furnished
- Appliances:
- Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
- Patio and Porch:
- Patio
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
- Property Entrance Faces:
- South
- Unit Description:
- High Rise, Studio
- Storm Protection Impact Glass:
- Partial
- Year Built:
- 2025
- Levels:
- Two
- Entry Level (floor):
- 1
- Construction Materials:
- CBS
- Flooring:
- Ceramic Tile
- Number of stories:
- 40
- Road Frontage Type:
- East of US-1
- Property Condition:
- New Construction
- Tax Annual Amount:
- $0.00
- Tax Year:
- 2025
- Association Fee:
- $657.00
- Association Fee Frequency:
- Monthly
- Property Tax Details:
- New Construction
- Garage Spaces:
- 0
- Covered Spaces:
- 0
- Utilities Available:
- Cable Available
- Association
- Application Required
- Application Fee:
- $100.00
- Application Information:
- 1-2 Weeks Approval
- Association Type:
- Condominium
- Pets Allowed?:
- Yes, Pet Restrictions Possible
- Lease Number Times per Year Allowed:
- 365
- Amenities Provided by the Homeowner's Association (HOA):
- Pool, Kitchen Facilities, Maintenance, Fitness Center
- Subdivision Name:
- 501 First Residences
- Association Fee Includes:
- Water, Cable Tv, Internet, Hot Water
- Senior Community:
- No
- Minimum Days per Lease:
- 1
- Leasing Permitted
- Leasing Permitted Details:
- Short Term Rentals Allowed
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Negotiable
- Tax Legal Description:
- 501 First Residences
- Real Estate Folio Number (Parcel Number):
- 0000000000807
- Elementary School:
- Frederick Douglass
- High School:
- Booker T. Washington
- Middle Or Junior School:
- Jose De Diego
- Active on the market since:
- February 9, 2026
- Listing Agreement executed on:
- February 9, 2026
- Price change occurred on:
- March 31, 2026 6:40 pm
- Listing Status Last Changed On:
- February 9, 2026 6:46 pm
- Photos updated on:
- July 11, 2026 9:10 am
- Last Modified:
- July 11, 2026 9:11 am
- Courtesy of:
- Optimar International Realty
- Attribution:
- Not provided
- Floor Number:
- 8
- Street Name:
- 5th
- Street Number:
- 121
- Unit Number:
- 807
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33132
- County:
- Miami-Dade
- Latitude:
- N25° 46' 45.6''
- Longitude:
- W81° 48' 29.9''
- Street Suffix:
- Street
- Street Direction Prefix:
- NE
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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