Condominium
121 NE 5th St # 304
121 NE 5th St # 304, Miami FL 33132 Get directions
$449,000
0 Beds · 1 Bath · 359 SqFt
See estimated monthly costThis listing is courtesy of BM2 Realty. Margarita Zapata
Overview
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.
Facts & features
Interior
- Living area (sq ft)
- 359
- Full bathrooms
- 1
- Built-in Features
- Closet Cabinetry
- Cooking Island
Building & exterior
- Year built
- 2025
- Other View
- Other
- Valet
HOA (homeowners association)
- Association fee
- $588 per month
- Pets allowed
- Yes
- Exercise Room
- Pool
- Sauna
- Spa/Hot Tub
- Daily Rentals Allowed
Taxes
- Annual tax
- $0
- Tax year
- 2025
- Parcel number
- 01-41-01-008-1370
Listing
- MLS number
- A12051789
- Property type
- Condominium
- Price per SqFt
- $1,251
- Subdivision
- 501 First Residences
- On market since
- Jul 10, 2026
- Days on market
- 5
Estimated monthly cost
$3,195 per month
- Principal & interest (30 yr)
- $2,270
- Property tax
- $0
- Insurance (estimated)
- $337
- Association fee
- $588
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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