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121 NE 5th Street # 807, Miami FL 33132

Condo/Co-op For Sale
$449,000

BTC: 7.16108453

ETH: 281.55942534

-$41K (2026/03/31)
149 days
1 ba
447 sqft

Overview

Unit 807 Studio Turnkey investment opportunity at 501 First Residences, a modern Downtown Miami building allowing daily rentals with no minimum restrictions—ideal for short-term rental investors. Unit 807 is a well-designed studio residence offering 447 SF (42 m²) with an efficient open layout, floor-to-ceiling impact windows, and a private balcony providing natural light and urban city ambiance. Delivered fully furnished with blinds and sofa bed, this unit is ready for immediate rental income. The residence also includes a storage provided by the association, adding additional convenience and flexibility for owners and guests. 501 First Residences offers resort-style amenities, co-working spaces, fitness center, social lounges, and prime walkability to Miami Worldcenter, Brightline Station, Bayfront Park, dining, entertainment, and major transportation corridors. An ideal plug-and-play investment in one of Miami’s fastest-growing short-term rental markets.

Location

Details

Type:
Residential
Parking:
None
Year Built:
2025
Lot:
No Data
Heating:
Central
Price/sqft:
$1,004
Cooling:
Central Air
HOA:
$657

Valuation

Our model vs. what's actually selling nearby.
Estimate
$500,000
$405K – $659K
Confidence Low
List vs. estimate
$51K below estimate
List $449,000 · -10.2%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$1,004
+78.0% 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
$657/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: 00-00-00-000-0807

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $657

    • HOA Frequency: Monthly

  • Source details

    • MLS ID: A11961922

    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

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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: Optimar International Realty