121 NE 5th St # 3200, Miami, FL 33132

About 121 NE 5th St # 3200, Miami, FL 33132

A move-in-ready, fully furnished studio in a building that permits short-term rentals a key differentiator in Downtown Miami, where Airbnb-approved inventory is limited and commands a premium. The 411 SqFt layout includes a 38 SF balcony above-average outdoor space for the segment plus integrated premium appliances and in-unit washer/dryer, reducing furnishing and turnover costs whether you’re targeting nightly stays or longer-term leases. Location is the core thesis: directly adjacent to the Brightline station and Metromover, and steps from the Miami Worldcenter development a multi-billion-dollar project anchoring sustained demand and infrastructure investment in the corridor. Proximity to the Kaseya Center, Museum Park, and Downtown’s dining and entertainment scene drives consistent guest and tenant appeal. Building amenities (rooftop pool, fitness center, co-working spaces, 24-hour concierge) support premium nightly rates and strong occupancy. A brand-new 2025 build minimizes near-term capex and maintenance risk a low-friction, flexible-use addition to any rental portfolio.

How This Listing Compares in Miami

Per square foot, it is asking 186% above the Miami median for sales closed over the last twelve months — typical of premium views, newer construction or a top-tier building.

Medians from closed MLS sales in Miami; a starting point, not an appraisal.

Home Features at 121 NE 5th St # 3200, Miami, FL 33132

Bathrooms Full

1

Bathrooms Half

0

Interior Features

Interior Hall, Lobby, First Floor Entry, Closet Cabinetry, Elevator

Appliances

Dishwasher, Dryer, Microwave, Other Equipment/Appliances, Refrigerator, Washer

Flooring

Ceramic Floor

Heating

Central

Cooling

Central Air

Architectural Style

High Rise

Garage Spaces

0

Parking Features

Valet

Pool Private

No

Year Built Details

Effective Year Built

Direction Faces

East

The Building at 121 NE 5th St # 3200, Miami, FL 33132

Building Name

501 FIRST RESIDENCES

Building Area Total

412

Building Area Units

Square Feet

Stories Total

40

Entry Level

3200

Association

Yes

Association Fee

$589

Association Fee Frequency

Monthly

Association Amenities

Barbecue, Business Center, Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Pool, Spa/Hot Tub, Trash Chute

Security Features

Smoke Detector, Doorman, Elevator Secure, Lobby Secured

Lot, Views & Construction at 121 NE 5th St # 3200, Miami, FL 33132

Lot Size Square Feet

0

Waterfront

No

View

Bay, Water View

Construction Materials

Concrete Block Construction

Exterior Features

Barbeque

New Construction

No

Taxes & Public Record for 121 NE 5th St # 3200, Miami, FL 33132

Parcel Number

01-41-01-008-0200

Tax Annual Amount

0

Tax Year

2,026

Tax Legal Description

501 FIRST RESIDENCES CONDO UNIT 3200 UNDIV 0.16997% IN

County Or Parish

Miami-Dade County

Map & Neighborhood