Condominium
121 NE 5th St # 2708
121 NE 5th St # 2708, Miami FL 33132
$605,000
1 Bed · 1 Bath · 535 SqFt
See estimated monthly costThis listing is courtesy of Luxe Properties. Lucas Echeverry
Overview
Turnkey corner 1BR/1BA at 501 First Residences, Miami Worldcenter — a building with NO rental restrictions, where daily Airbnb/short-term rentals are fully permitted. Sold fully furnished and completely turnkey: start renting the day after closing. Currently a successful, income-producing short-term rental built to cover its own carrying costs. Corner unit with a wraparound balcony and city + bay views, full modern kitchen, in-unit washer/dryer, and central A/C. Building offers a rooftop pool + hot tub, fitness center, co-working spaces, resident lounges, BBQ terrace, and secure controlled-access entry. Steps to Metromover/Metrorail; 5 min to Brickell, 10 to Miami Beach, 15 to MIA. A rare, legally short-term-rentable condo in Downtown Miami.
Facts & features
Interior
- Living area (sq ft)
- 535
- Full bathrooms
- 1
- Furnished
- Furnished
- Closet Cabinetry
- Elevator
- Fire Sprinklers
Building & exterior
- Year built
- 2025
- Waterfront
- Yes
- Bay
- Skyline
- Water View
- Open Balcony
- On Street
- Valet
HOA (homeowners association)
- Association fee
- $877 per month
- Pets allowed
- No
- Barbecue
- Clubhouse-Clubroom
- Elevator(s)
- Exercise Room
- Kitchen Facilities
- Pool
- Sauna
- No Restrictions
- No
Taxes
- Annual tax
- $0
- Tax year
- 2026
- Parcel number
- 01-41-01-008-2960
Listing
- MLS number
- A12078643
- Property type
- Condominium
- Price per SqFt
- $1,131
- Subdivision
- 501 First Residences
- On market since
- Aug 27, 2026
- Days on market
- 0
Estimated monthly cost
$4,390 per month
- Principal & interest (30 yr)
- $3,059
- Property tax
- $0
- Insurance (estimated)
- $454
- Association fee
- $877
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- New World School of the Arts
- School For Advanced Studies Wolfson
- Law Enforcement Officers Memorial Senior High
- Downtown Miami Charter School
- RJW The Academy of Arts Sciences
- School Board Adm - Main Building
- Anna Brenner Meyers Telecommunication Complex
- K-12 Distance Learning
- Frederick Douglass Elementary
- Miami-Dade Online Academy
- iPrep Academy
- Primary Learning Center
- School Board Adm -Garage
- Chapman Partnership Early Childhood Center North
- Key Point Academy Downtown
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