$439,000
NEW CONSTRUCTION $26K PRICE DROP

121 NE 5th St Unit 401B Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $3,360/month

Total Views 3,286
-- Bed
1 Bath
447 Sq Ft
$982 Price per Sq Ft

Highlights

  • Doorman
  • 1-minute walk to College North
  • Skyline View
  • Fitness Center
  • New Construction
  • Furnished

About This Home

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.

Listing Agent

Ginna Rojas

Optimar International Realty License #3175274 Listed on: 02/09/2026

Optimar International Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2025 | New Construction

HOA Fees

  • $563 Monthly HOA Fees

Home Design

  • Entry on the 4th floor
  • Concrete Block And Stucco Construction

Interior Spaces

  • 447 Sq Ft Home
  • Furnished
  • Ceramic Tile Flooring
  • Skyline Views

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Studio bedroom
  • 1 Full Bathroom
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

Additional Features

  • Patio
  • South Facing Home
  • East of U.S. Route 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 00-00-00-000-0401

Community Details

Overview

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

Amenities

  • Doorman
  • Community Kitchen
  • Secure Lobby

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator
  • High Impact Door

Property Details

Home Type

Condominium

Year Built

Built in 2025 | New Construction

Lot Details

0 Sq Ft Lot

HOA Fees

$563 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2025
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 4
  • Garage Yn: No
  • Horses: No
  • New Construction: Yes
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 501 First Residences
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 439000
  • InternetRemarks: Fully furnished studio with balcony, storage, and daily rental approval in 501 First Residences—ideal turnkey STR investment.
  • ShowingTimeFlag: Yes
  • Special Features: 4098

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Interior Amenities: First Floor Entry
  • Full Bathrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Ceramic Floor
  • Furnished: Furnished, Turn Key Furnished
  • Living Area: 447
  • Stories: 40
  • Bedroom Features: Entry Level, Studio
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Skyline
  • Exterior Features: East Of Us1
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: 501 First Residences
  • Parking Features: None

Utilities

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

Condo/Co-op/Association

  • Association Fee: 563
  • Amenities: Exercise Room, Kitchen Facilities, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 00-00-00-000-0401

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2025

Matterport 3D Tour

Floorplan

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
06/01/2026 06/01/26 Rented $2,850 0.0% --
05/26/2026 05/26/26 Under Contract -- -- --
05/13/2026 05/13/26 Price Changed $2,850 -1.7% $6 / Sq Ft
05/06/2026 05/06/26 For Rent $2,900 0.0% --
03/30/2026 03/30/26 Price Changed $439,000 -1.3% $982 / Sq Ft
02/26/2026 02/26/26 Price Changed $445,000 -4.3% $996 / Sq Ft
02/09/2026 02/09/26 For Sale $465,000 -- $1,040 / Sq Ft
Source: MIAMI REALTORS® MLS

About the Listing Agent

Ginna Rojas
Ginna Rojas

Optimar International Realty

(645) 400-9896

Section Image

I’m Ginna Rojas, a luxury real estate advisor specializing in Sunny Isles Beach and the surrounding South Florida market. With over 18 years of experience I bring a proven level of expertise, discretion, and results-driven strategy to every transaction.

My approach is highly personalized—whether representing a distinctive oceanfront residence or positioning a property to attract qualified, discerning buyers, I ensure a seamless and sophisticated experience from initial consultation

View Ginna's Profile

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Source: MIAMI REALTORS® MLS

MLS Number: A11961990

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

121 NE 5th St Unit 401B, 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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Ginna Rojas
Ginna Rojas
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Optimar International Realty
(645) 400-9896
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