$468,000

121 NE 5th St Unit 3200 Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $3,625/month

Total Views 43
-- Bed
1 Bath
412 Sq Ft
$1,136 Price per Sq Ft

Highlights

  • Doorman
  • 1-minute walk to College North
  • Clubhouse
  • Fitness Center
  • Bay View
  • Heated Community Pool

About This Home

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.

Listing Agent

Sergey Rybak

MAK Realty Group License #3097721 Listed on: 06/18/2026

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2025

HOA Fees

  • $589 Monthly HOA Fees

Home Design

  • Condo Hotel

Interior Spaces

  • 412 Sq Ft Home
  • Ceramic Tile Flooring
  • Bay Views

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Accessible Elevator Installed
  • Outdoor Grill
  • East Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-01-008-0200

Community Details

Overview

  • High-Rise Community
  • 501 First Residences Condos
  • 501 First Residences Subdivision
  • 40-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Community Barbecue Grill
  • Trash Chute
  • Clubhouse
  • Business Center
  • Lobby
  • Secure Lobby
  • Interior Hall
  • Elevator

Recreation

  • Fitness Center
  • Heated Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Secure Elevator
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 2025

Lot Details

0 Sq Ft Lot

HOA Fees

$589 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2025
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 3200
  • 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: Effective Year Built
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 468000
  • InternetRemarks: Studio apartment at 501 First, designed for maximum utility and appeal in the high-demand Downtown rental market.
  • ShowingTimeFlag: No
  • Special Features: 4098

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Other Equipment/Appliances, Refrigerator, Washer
  • Interior Amenities: Interior Hall, Lobby, First Floor Entry, Closet Cabinetry, Elevator
  • Full Bathrooms: 1
  • Flooring: Ceramic Floor
  • Living Area: 412
  • Other Equipment: Elevator
  • Stories: 40
  • Bedroom Features: Entry Level, Primary Bath Shower, Studio

Exterior Features

  • View: Bay, Water View
  • Exterior Features: Barbeque
  • Construction Type: Concrete Block Construction
  • Direction Faces: East
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman, Elevator Secure, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 589
  • Amenities: Barbecue, Business Center, Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Pool, Spa/Hot Tub, Trash Chute
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-01-008-0200

Tax Info

  • Tax Year: 2026

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
06/18/2026 06/18/26 For Sale $468,000 -- $1,136 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A12039927

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

121 NE 5th St Unit 3200, 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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Sergey Rybak
Listing Agent
Sergey Rybak
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MAK Realty Group
(917) 714-7168
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