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

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

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.

How This Listing Compares in Miami

Per square foot, it is asking 147% 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 Street # 401B, Miami, FL 33132

Bathrooms Full

1

Interior Features

First Floor Entry

Appliances

Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer

Flooring

Ceramic Floor

Heating

Central

Cooling

Central Air

Furnished

Furnished,Turn Key Furnished

Architectural Style

High Rise

Garage Spaces

0

Parking Features

None

Pool Private

No

Year Built Details

New Construction

Property Condition

New Construction

Direction Faces

South

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

Building Name

501 First Residences

Building Area Units

Square Feet

Stories Total

40

Entry Level

4

Association

Yes

Association Fee

$563

Association Fee Frequency

Monthly

Association Amenities

Exercise Room, Kitchen Facilities, Pool

Pets Allowed

Restrictions Or Possible Restrictions

Security Features

Doorman, Elevator Secure, Lobby Secured

Lot, Views & Construction at 121 NE 5th Street # 401B, Miami, FL 33132

Lot Size Square Feet

0

Waterfront

No

View

Skyline

Construction Materials

CBS Construction

Exterior Features

East Of Us1

New Construction

Yes

Taxes & Public Record for 121 NE 5th Street # 401B, Miami, FL 33132

Parcel Number

00-00-00-000-0401

Tax Annual Amount

0

Tax Year

2,025

Tax Legal Description

501 First Residences

County Or Parish

Miami-Dade County

Map & Neighborhood