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121 NE 5th St # 3304, Miami FL 33132

Condo/Co-op For Sale
$415,000

BTC: 5.00000000

ETH: 170.64144737

1 days
1 ba
359 sqft

Overview

Discover elevated luxury living at 501 First Residences, a newly built luxury tower in the heart of Downtown Miami. Perched on the 33rd floor, this beautifully appointed and professionally decorated studio showcases breathtaking ocean and city skyline views from its private balcony. Featuring contemporary finishes, a fully equipped kitchen, an in-unit washer and dryer, and a thoughtfully designed living space. Enjoy resort-style amenities including a spectacular rooftop pool, fitness center, hot tub, cold plunge, rooftop cinema, and resident lounges. Currently operating as a successful Airbnb short-term rental generating strong income, with the flexibility of nightly rentals. An exceptional turnkey investment opportunity! Inquire for annual rental income details.

Location

Details

Type:
Residential
Parking:
None
Year Built:
2025
Lot:
No Data
Heating:
Central
Price/sqft:
$1,156
Cooling:
Central Air
HOA:
$589

Valuation

Our model vs. what's actually selling nearby.
Estimate
$450,000
$377K – $669K
Confidence Low
List vs. estimate
$35K below estimate
List $415,000 · -7.8%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$1,155
+103.0% vs. city median $569
Based on
57 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $12.6M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

HOA
$589/mo
View
Skyline
Furnished
Furnished
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dryer

    • Electric Range

    • Electric Water Heater

    • Refrigerator

    • Washer

    Other interior features

    • First Floor Entry

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • None

    Property

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 01-41-01-008-1660

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $589

    • HOA Frequency: Monthly

  • Source details

    • MLS ID: A12105310

    Other facts

    • Construction Materials: Concrete Block Construction

    • Patio And Porch Features: Open Balcony

    • Architectural Style: High Rise

    • 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

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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: Rich Homes of Florida