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121 NE 5th Street # 401B, Miami FL 33132

Condo/Co-op For Sale
$439,000

BTC: 7.00159490

ETH: 275.28861409

-$26K (2026/03/30)
149 days
1 ba
447 sqft

Overview

Investor-friendly turnkey studio at 501 First Residences—one of Downtown Miami’s newest buildings allowing legal daily rentals, ideal for Airbnb-style income strategies. Unit 401B offers 385 SF (36 m²) featuring an efficient open floor plan, floor-to-ceiling windows, and a private balcony designed to maximize guest appeal. Offered fully furnished with blinds and sofa bed, this residence includes private storage and is ready for immediate rental operation. Its flexible layout and low-maintenance design make it a strong option for investors seeking consistent short-term rental demand in a high-growth urban location. Enjoy access to modern amenities, fitness center, social lounges, and a central location steps from Miami Worldcenter, transit, entertainment, and cultural venues. A smart, income-producing opportunity in Miami’s evolving rental landscape.

Location

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

Details

Type:
Residential
Parking:
None
Year Built:
2025
Lot:
No Data
Heating:
Central
Price/sqft:
$982
Cooling:
Central Air
HOA:
$563

Valuation

Our model vs. what's actually selling nearby.
Estimate
$500,000
$405K – $659K
Confidence Low
List vs. estimate
$61K below estimate
List $439,000 · -12.2%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$982
+74.0% vs. city median $564
Based on
59 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $522K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

HOA
$563/mo
View
Skyline
Furnished
Furnished,Turn Key Furnished
Pets
Restrictions Or Possible Restrictions
All facts and features

  • Flooring

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • First Floor Entry

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • None

    Property

    • Exterior Features: East Of Us1

    Other Property Information

    • Parcel Number: 00-00-00-000-0401

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $563

    • HOA Frequency: Monthly

  • Source details

    • MLS ID: A11961990

    Other facts

    • Construction Materials: CBS Construction

    • Patio And Porch Features: Patio

    • Direction Faces: South

    • Architectural Style: High Rise

    • Living Area: 447

    • 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
329
median $665K
Active
Same city
Miami
5,075
median $640K
Active
Same type
Condo/Co-op
2,552
median $499K
Active
Similar price
$307K – $570K
1,354
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: Optimar International Realty