Condo in 121 NE 5th Street 304, Miami, FL 33132 for sale with MLS# A12051789

Experience the ultimate investment opportunity at 501 First Residences in the heart of Downtown Miami! This fully furnished turnkey studio offers modern finishes, an open-concept layout, floor-to-ceiling impact windows, a contemporary kitchen with stainless steel appliances and quartz countertops, in-unit washer and dryer, and a private balcony. Designed for maximum flexibility, the building allows short-term rentals with no rental restrictions, making it ideal for Airbnb, vacation rentals, or corporate stays. Residents enjoy resort-style amenities including a rooftop pool, fitness center, spa, co-working spaces, game room, lounge, café, valet parking, and 24-hour concierge and security. Located just steps from Miami Worldcenter, Brightline Station, Kaseya Center, Bayside Marketplace, Museum Park, top restaurants, shopping, entertainment, and with easy access to Miami Beach, Brickell, Wynwood, and the Design District. Whether you're looking for a high-performing income-producing property or a stylish city residence, Unit 304 offers exceptional value in one of Miami's fastest-growing neighborhoods.

📅 View days on the market

Days on the market

121 NE 5th Street 304, Miami, FL 33132

Price
Price:
$449,000.00
Original List Price:
$449,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,250.69
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:
July 10, 2026 4:00 am
Other Special Conditions:
Sold As-is
Rooms Distribution
Bathrooms Total:
1
Full Bath:
1
Master Bedroom Bath:
Separate Shower
Measures
Living Area:
359 Sqft
Built-Up Area:
359 Sqft
Property Features
View from the Property:
Other
Waterfront:
No
Security:
Key Card Entry, Security System, Fire Alarm, Security Patrol
Appliances:
Dryer, Microwave, Refrigerator, Washer
Interior:
Closet Cabinetry, Kitchen Island, Built-in Features, Elevator
Exterior:
Other
Air Conditioning
Air Conditioning System:
Other
Heating
Heating System:
Other
Construction
Year Built:
2025
Architectural Style:
Other
Levels:
Two
Construction Materials:
Block
Number of stories:
40
Property Condition:
Resale
Taxes and Expenses
Tax Year:
2025
Association Fee:
$588.00
Association Fee Frequency:
Monthly
Property Tax Details:
Tax Reflects No Exemptions
Parking
Garage Spaces:
0
Covered Spaces:
0
Parking Features:
Valet
Community
Association
Application Required
Application Fee:
$100.00
Application Information:
Rapid Approval
Association Type:
Homeowner Association, Condominium
Pets Allowed?
Lease Number Times per Year Allowed:
365
Amenities Provided by the Homeowner's Association (HOA):
Pool, Sauna, Spa/hot Tub, Maintenance, Fitness Center
Subdivision Name:
501 First Residences
Association Fee Includes:
Internet
Senior Community:
No
Minimum Days per Lease:
1
Leasing Permitted
Leasing Permitted Details:
Short Term Rentals Allowed
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
UNDIV 0.14822% INT IN COMMON ELEMENTS OFF REC 35067-4463
Real Estate Folio Number (Parcel Number):
0141010081370
Public Schools Assigned
Elementary School:
Tropical (miami-dade)
High School:
Booker T. Washington
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
July 10, 2026
Listing Agreement executed on:
July 10, 2026
Listing Status Last Changed On:
July 10, 2026 4:00 am
Photos updated on:
July 15, 2026 8:12 pm
Last Modified:
July 15, 2026 8:12 pm
Additional Information
Courtesy of:
BM2 Realty
Attribution:
Not provided
Location
Floor Number:
3
Street Name:
5th
Street Number:
121
Unit Number:
304
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

Want to schedule an in-person or virtual tour? Have questions?

Want to schedule an in-person or virtual tour? Have questions?
Schedule a Tour or Ask a Question


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
Mortgage Calculator

Please note: Monthly HOA / Condo Fees Not Included. The calculator shows the listing price as home value. Update all fields at your convenience.

Calculate Your Mortgage Payment

$.00
$.00
6.5
30

Taxes and Insurance

$.00
$.00
%

Financial Analysis

%

%

$

$

$

$

$
Ver la Propiedad Ver la propiedad 121 NE 5th Street 304, Miami, FL 33132
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.