121 NE 5th Street # 807, Miami, FL 33132

About 121 NE 5th Street # 807, Miami, FL 33132

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.

How This Listing Compares in Miami

Per square foot, it is asking 153% 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 # 807, 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 # 807, Miami, FL 33132

Building Name

501 First Residences

Building Area Units

Square Feet

Stories Total

40

Entry Level

8

Association

Yes

Association Fee

$657

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 # 807, 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 # 807, Miami, FL 33132

Parcel Number

00-00-00-000-0807

Tax Annual Amount

0

Tax Year

2,025

Tax Legal Description

501 First Residences

County Or Parish

Miami-Dade County

Map & Neighborhood