Condo in 121 NE 5th Street 1001B Miami for sale with MLS# A11961966

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.

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Days on the market

121 NE 5th Street 1001B, Miami, FL 33132

Price
Price:
$475,000.00
Original List Price:
$475,000.00
More Listings Same Building:
501 First Residences in 121 5 Street Miami
Property Status and Type
Listing Type:
For Sale
Status:
Active
Special Sale Conditions:
Listed As Is
Listing Category:
Residential
Property Type:
Condominium
MLS Number:
A11961966
Description of Last Important Update:
New Listing
Last Major Update on:
February 9, 2026 1:55 pm
Rooms Distribution
Bathrooms Total:
1
Full Bath:
1
Measures
Living Area:
447 Sqft
Lot Size Unit:
Square Feet
Property Features
View from the Property:
City
Waterfront:
No
Swimming Pool Features:
Association
Security:
Door Man, Elevator Secured, Lobby Secured, Door Man
Furnished:
Furnished
Appliances:
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
Interior:
First Floor Entry, Bedroom On Main Level, Main Living Area Entry Level
Exterior:
Patio, Security High Impact Doors
Patio and Porch:
Patio
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central
Property Entrance Faces:
South
Construction
Year Built:
2025
Year Built Details:
New Construction
Architectural Style:
High Rise
Entry Level (floor):
10
Entry Level Location:
10
Construction Materials:
Block
Flooring:
Ceramic Tile
Number of stories:
40
Taxes and Expenses
Tax Annual Amount:
$0.00
Tax Year:
2025
Association Fee:
$563.00
Association Fee Frequency:
Monthly
Property Tax Status:
New Construction
Parking
Garage Spaces:
0
Covered Spaces:
0
Utilities
Utilities Available:
Cable Available
Community
Pets Allowed?:
Yes, Conditional
Amenities Provided by the Homeowner's Association (HOA):
Pool, Fitness Center, Community Kitchen
Subdivision Name:
501 First Residences
Association Fee Includes:
Water, Cable Tv, Internet, Hot Water, Amenities
Complex Name:
501 First Residences
Senior Community:
No
Restrictions:
Daily Rentals Allowed
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Occupant Type:
Vacant
Buyer Possession:
Closing And Funding
Zoning and Legal
Tax Legal Description:
501 First Residences
Real Estate Folio Number (Parcel Number):
00-00-00-000-1001
Listing History
Originally published on:
February 9, 2026 1:55 pm
Active on the market since:
February 9, 2026
Price change occurred on:
February 9, 2026 1:49 pm
Listing Status Last Changed On:
February 9, 2026 1:55 pm
Photos updated on:
February 9, 2026 7:06 pm
Last Modified:
February 9, 2026 7:06 pm
Additional Information
Unit View:
Skyline View
Pet Fee Description:
Non-Refundable
Housing Older Persons Act:
No HOPA
Unit Design:
East Of Us1, High-Rise
Type of Association:
Condo
Minimum Number of Days per Lease:
1
Type of Governing Bodies of the Association:
Condominium
Pet Fee:
$100.00
Number of Times Leased per Year:
365
Application Fee:
$100.00
Style:
Condo 5+ Stories
Municipal Code:
0
Courtesy of:
Optimar International Realty
Attribution:
Not provided
Location
Street Name:
5th Street
Street Number:
121
Unit Number:
1001B
City:
Miami
State:
Florida
Zip Code:
33132
County:
Miami-Dade
Latitude:
N25° 46' 45.7''
Longitude:
W81° 48' 29.9''
Street Direction Prefix:
NE
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $109,505
Median Home Value $545,100
Median Rent $2,534/mo
Median Age 34
Population 18,244

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 50 Good
☀️ O3 50 Good
🫁 PM2.5 50 Good

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Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.