$449,000

121 NE 5th St Unit 304 Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $3,502/month

Total Views 228
-- Beds
1 Bath
359 Sq Ft
$1,251 Price per Sq Ft

Highlights

  • Valet Parking
  • 1-minute walk to College North
  • Community Pool
  • Fitness Center
  • Sauna
  • Cooking Island

About This Home

Experience the ultimate investment opportunity at 501 First Residences in the heart of Downtown Miami! This fully furnished turnkey studio offers modern finishes, an open-concept layout, floor-to-ceiling impact windows, a contemporary kitchen with stainless steel appliances and quartz countertops, in-unit washer and dryer, and a private balcony. Designed for maximum flexibility, the building allows short-term rentals with no rental restrictions, making it ideal for Airbnb, vacation rentals, or corporate stays. Residents enjoy resort-style amenities including a rooftop pool, fitness center, spa, co-working spaces, game room, lounge, café, valet parking, and 24-hour concierge and security. Located just steps from Miami Worldcenter, Brightline Station, Kaseya Center, Bayside Marketplace, Museum Park, top restaurants, shopping, entertainment, and with easy access to Miami Beach, Brickell, Wynwood, and the Design District. Whether you’re looking for a high-performing income-producing property or a stylish city residence, Unit 304 offers exceptional value in one of Miami’s fastest-growing neighborhoods.

Listing Agent

Margarita Zapata

BM2 Realty License #3611995 Listed on: 07/10/2026

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2025

HOA Fees

  • $588 Monthly HOA Fees

Home Design

  • Condo Hotel
  • Entry on the 3rd floor

Interior Spaces

  • 359 Sq Ft Home
  • Built-In Features
  • Property Views

Kitchen

  • Microwave
  • Cooking Island

Bedrooms and Bathrooms

  • Closet Cabinetry
  • 1 Full Bathroom
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 01-41-01-008-1370

Community Details

Overview

  • 501 First Residences Cond Condos
  • 501 First Residences Subdivision
  • 40-Story Property

Amenities

  • Valet Parking
  • Sauna
  • Secure Lobby

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Security Service
  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 2025

Lot Details

0 Sq Ft Lot

HOA Fees

$588 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2025
  • Property Sub Type: Condominium
  • Directions: From I-95, take Exit 2D toward NW 8th Street. Continue east on NW 8th Street, then turn right onto NE 1st Avenue. Turn left onto NE 5th Street. 501 First Residences is located at 121 NE 5th Street, Miami, FL 33132, in the heart of Downtown Miami.
  • Entry Level: 3
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo-Hotel, Condo
  • Subdivision Name: 501 First Residences
  • Year Built Details: Resale
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 449000
  • InternetRemarks: Turnkey furnished studio in 501 First Residences. No rental restrictions, luxury amenities, and prime Downtown Miami location.
  • ShowingTimeFlag: No
  • Special Features: 4098

Interior Features

  • Appliances: Dryer, Microwave, Refrigerator, Washer
  • Interior Amenities: Built-in Features, Closet Cabinetry, Cooking Island
  • Full Bathrooms: 1
  • Living Area: 359
  • Other Equipment: Elevator
  • Stories: 40
  • Bedroom Features: Primary Bath Shower

Exterior Features

  • View: Other View
  • Exterior Features: Other
  • Construction Type: Concrete Block Construction
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: 501 FIRST RESIDENCES COND
  • Parking Features: Valet

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Security: Fire Alarm, Card Entry, Lobby Secured, Security Patrol

Condo/Co-op/Association

  • Association Fee: 588
  • Amenities: Exercise Room, Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-01-008-1370

Tax Info

  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/10/2026 07/10/26 For Sale $449,000 -- $1,251 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A12051789

MIAMI REALTORS® MLS
Florida Miami/Dade County Miami 33132 Downtown Miami

121 NE 5th St Unit 304, Miami, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Margarita Zapata
Listing Agent
Margarita Zapata
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BM2 Realty
(646) 415-3286
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