Condo in 121 NE 5th Street 3200, Miami, FL 33132 for sale with MLS# A12039927

A move-in-ready, fully furnished studio in a building that permits short-term rentals a key differentiator in Downtown Miami, where Airbnb-approved inventory is limited and commands a premium. The 411 SqFt layout includes a 38 SF balcony above-average outdoor space for the segment plus integrated premium appliances and in-unit washer/dryer, reducing furnishing and turnover costs whether you're targeting nightly stays or longer-term leases.Location is the core thesis: directly adjacent to the Brightline station and Metromover, and steps from the Miami Worldcenter development a multi-billion-dollar project anchoring sustained demand and infrastructure investment in the corridor. Proximity to the Kaseya Center, Museum Park, and Downtown's dining and entertainment scene drives consistent guest and tenant appeal.Building amenities (rooftop pool, fitness center, co-working spaces, 24-hour concierge) support premium nightly rates and strong occupancy. A brand-new 2025 build minimizes near-term capex and maintenance risk a low-friction, flexible-use addition to any rental portfolio.

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Days on the market

121 NE 5th Street 3200, Miami, FL 33132

Price
Price:
$468,000.00
Original List Price:
$468,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,135.92
More Listings Same Building:
501 First Residences in 121 5 Street Miami
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Condominium
Description of Last Important Update:
New Listing
Last Major Update on:
June 18, 2026 4:00 am
Rooms Distribution
Bathrooms Total:
1
Full Bath:
1
Master Bedroom Bath:
Separate Shower, Bedroom On Entry Level
Measures
Living Area:
412 Sqft
Built-Up Area:
412 Sqft
Property Features
View from the Property:
Water, Bay
Waterfront:
No
Security:
Smoke Detector(s), Security System, Lobby - Attended, Elevator Secure
Appliances:
Dryer, Dishwasher, Microwave, Refrigerator, Washer, Other
Interior:
Closet Cabinetry, Elevator
Exterior:
Barbecue
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central
Property Entrance Faces:
East
Other Equipment:
Other
Unit Description:
High Rise, Interior Hallway, Studio
Construction
Year Built:
2025
Levels:
Two
Entry Level (floor):
1
Construction Materials:
Block
Flooring:
Ceramic Tile
Number of stories:
40
Taxes and Expenses
Tax Year:
2026
Association Fee:
$589.00
Association Fee Frequency:
Monthly
Property Tax Details:
New Construction, Agricultural Exemption
Parking
Garage Spaces:
0
Covered Spaces:
0
Parking Features:
Valet
Community
Association
Application Required
Application Fee:
$100.00
Application Information:
No Approvals
Association Type:
Condominium
Pets Allowed?
Lease Number Times per Year Allowed:
365
Amenities Provided by the Homeowner's Association (HOA):
Business Center, Heated Pool, Pool, Spa/hot Tub, Trash Chute, Clubhouse, Maintenance, Elevator(s), Fitness Center, Picnic Area, Lobby
Subdivision Name:
501 FIRST RESIDENCES
Association Fee Includes:
Sewer, Water, Trash, Internet, Hot Water
Senior Community:
No
Restrictions:
No Restrictions
Minimum Days per Lease:
1
Leasing Permitted
Leasing Permitted Details:
Short Term Rentals Allowed
Terms
Listing Terms Considered by Seller:
Cash
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
501 FIRST RESIDENCES CONDO UNIT 3200 UNDIV 0.16997% IN
Real Estate Folio Number (Parcel Number):
0141010080200
Public Schools Assigned
Elementary School:
Frederick Douglass
High School:
Booker T. Washington
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
June 18, 2026
Listing Agreement executed on:
June 18, 2026
Listing Status Last Changed On:
June 18, 2026 4:00 am
Photos updated on:
August 5, 2026 6:10 pm
Last Modified:
August 5, 2026 6:11 pm
Additional Information
Courtesy of:
MAK Realty Group
Attribution:
Not provided
Location
Floor Number:
3200
Street Name:
5th
Street Number:
121
Unit Number:
3200
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
Property Map

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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) 45 Good
☀️ O3 35 Good
🫁 PM2.5 45 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.