Condo in 121 NE 5th st 3400 Miami for sale with MLS# A11978516
Stunning high-floor residence on the 34th floor at 501 First Residences, offering breathtaking direct east-facing water views of Biscayne Bay. This beautifully designed unit comes fully furnished and completely turn-key, ideal for both personal use and investment. Approved for short-term rentals and currently professionally managed by a short-term rental company, the property offers excellent income potential from day one. Floor-to-ceiling windows fill the space with natural light and showcase spectacular bay views, while modern finishes and a private balcony enhance the living experience. Residents enjoy resort-style amenities and a prime location in the heart of Miami, just moments from dining, entertainment, and waterfront attractions.
121 NE 5th st 3400, Miami, FL 33132
Price
- Price:
- $499,000.00
- Previous Asking Price:
- $525,000.00
- Original List Price:
- $525,000.00
- 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:
- A11978516
- Description of Last Important Update:
- Price Change
- Last Major Update on:
- April 16, 2026 6:05 pm
Rooms Distribution
- Bathrooms Total:
- 1
- Full Bath:
- 1
Measures
- Living Area:
- 456 Sqft
- Living Area Source:
- Builder
- Lot Size Unit:
- Square Feet
Property Features
- View from the Property:
- Ocean, Water, Bay
- Waterfront:
- No
- Swimming Pool Features:
- Association
- Security:
- Smoke Detector(s), Door Man, Elevator Secured, Lobby Secured, Door Man
- Furnished:
- Furnished
- Appliances:
- Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Range, Ice Maker
- Interior:
- Bedroom On Main Level, Elevator
- Exterior:
- Balcony, Security High Impact Doors
- Patio and Porch:
- Balcony, Open
- Windows:
- Blinds
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Central
Construction
- Year Built:
- 2026
- Year Built Details:
- New Construction
- Architectural Style:
- High Rise, High Rise
- Entry Level (floor):
- 34
- Entry Level Location:
- 34
- Construction Materials:
- Block
- Flooring:
- Ceramic Tile
- Number of stories:
- 40
Taxes and Expenses
- Tax Annual Amount:
- $0.00
- Tax Year:
- 2026
- Association Fee:
- $674.00
- Association Fee Frequency:
- Monthly
- Property Tax Status:
- New Construction
Parking
- Garage
- Garage Spaces:
- 1
- Covered Spaces:
- 1
- Attached Garage
- Parking Features:
- One Space, Garage, Attached, Guest, Valet
Utilities
- Utilities Available:
- Cable Available
Community
- Pets Allowed?:
- Yes, Conditional
- Amenities Provided by the Homeowner's Association (HOA):
- Business Center, Pool, Bike Storage, Trash, Clubhouse, Barbecue, Elevator(s), Fitness Center, Picnic Area
- Subdivision Name:
- 501 First
- Association Fee Includes:
- Sewer, Water, Trash, Cable Tv, Parking, Internet, Amenities
- Complex Name:
- 501 first residences
- Senior Community:
- No
- Restrictions:
- Daily Rentals Allowed, Okay to Lease, See Remarks
Terms
- Listing Terms Considered by Seller:
- Cash, Conventional
- Occupant Type:
- Vacant
- Buyer Possession:
- Close Of Escrow
Zoning and Legal
- Tax Legal Description:
- 501 First Residences condominium book 35067 page 4463
- Real Estate Folio Number (Parcel Number):
- 01-41-01-008-0220
- Title to the property is held by owner as:
- Limited Partnership
Listing History
- Originally published on:
- March 7, 2026 10:13 am
- Active on the market since:
- March 7, 2026
- Price change occurred on:
- April 16, 2026 6:05 pm
- Listing Status Last Changed On:
- March 7, 2026 10:13 am
- Photos updated on:
- March 7, 2026 3:38 pm
- Last Modified:
- April 16, 2026 10:06 pm
Additional Information
- Unit View:
- Bay, Ocean View, Water View
- Housing Older Persons Act:
- No HOPA
- Unit Design:
- 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:
- $150.00
- Style:
- Condo 5+ Stories
- Municipal Code:
- 41
- Courtesy of:
- The Keyes Company
- Attribution:
- Not provided
Location
- Street Name:
- 5th st
- Street Number:
- 121
- Unit Number:
- 3400
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33132
- County:
- Miami-Dade
- Latitude:
- N25° 46' 30.1''
- Longitude:
- W81° 52' 4.2''
- 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
45
Good
🫁 PM2.5
50
Good
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