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121 NE 5th St # 304, Miami FL 33132

Condo/Co-op For Sale
$449,000

BTC: 7.11005542

ETH: 281.55942534

3 days
1 ba
359 sqft

Overview

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.

Location

Florida • Miami • 33132 • Condo/Co-op • For Sale

Details

Type:
Residential
Parking:
Valet
Year Built:
2025
Lot:
No Data
Heating:
Other
Price/sqft:
$1,251
Cooling:
Other
HOA:
$563

Valuation

Our model vs. what's actually selling nearby.
Estimate
$465,000
$389K – $643K
Confidence Low
List vs. estimate
$16K below estimate
List $449,000 · -3.4%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$1,250
+123.9% vs. city median $558
Based on
176 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $537K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

HOA
$563/mo
View
Other View
All facts and features

  • Heating

    • Other

    Cooling

    • Other

    Appliances

    • Dryer

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Built-in Features

    • Closet Cabinetry

    • Cooking Island

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • Valet

    Property

    • Exterior Features: Other

    Other Property Information

    • Parcel Number: 01-41-01-008-1370

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $563

    • HOA Frequency: Monthly

  • Source details

    • MLS ID: A12051789

    Other facts

    • Construction Materials: Concrete Block Construction

    • Living Area: 359

    • Subdivision Name: 501 First Residences

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33132
763
median $645K
Active
Same city
Miami
12,237
median $635K
Active
Same type
Condo/Co-op
6,469
median $495K
Active
Similar price
$314K – $583K
3,284
median $450K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: BM2 Realty