10 photos
For SaleCondominiumNew construction

121 NE 5th Street 1001B, Miami, FL 33132

Miami, FL, 33132

$475,000

Listing courtesy of Optimar International Realty

0 bd · 1 ba · 447 sq ft

260 days on market Updated Oct 25, 2026

0

Bedrooms

1

Bathrooms

447

Square feet

2025

Year built

$1,063

$ / sq ft

About 121 NE 5th Street 1001B, Miami, FL 33132

High-floor fully furnished studio at 501 First Residences designed for investors seeking daily rental income potential in the heart of Downtown Miami. Unit 1001B offers 385 SF (36 m²) with a modern open layout, floor-to-ceiling glass, and a private balcony delivering natural light and an efficient, guest-friendly design. The residence comes turnkey furnished with blinds and sofa bed, includes private storage, and is located in a building that permits short-term rentals with no minimum lease restrictions, making it an excellent addition to any income-producing portfolio. Residents and guests enjoy access to resort-style amenities, fitness facilities, social and co-working areas, and proximity to Miami Worldcenter, Brightline, shopping, dining, and entertainment venues. A compact, income-ready unit optimized for high-demand short-term rental use.

Property

Property Type

Condominium

Status

for-sale

Price

$475000

Interior

Bedrooms

0

Bathrooms

1

Square Feet

447 sq ft

Exterior & Lot

Year Built

2025

Finance & HOA

Price / sq ft

$1063

Original List Price

$475000

Property Details

Property

On marketFeb 8, 2026
Property typeResidential
Home typeCondominium
New constructionYes
Property conditionNew Construction
List dateFeb 8, 2026
Contract status change dateFeb 8, 2026

Interior

CoolingCentral Air
HeatingCentral
FlooringCeramic Tile
CoolingYes
FurnishedFurnished
HeatingYes
AppliancesDryer, Disposal, Dishwasher, Microwave, Refrigerator, Washer
Rooms0
Pets allowedYes, Pet Restrictions Possible
Stories40
SecuritySecurity System, Elevator Secure, Lobby - Attended

Exterior & Lot

ViewSkyline
Entry level1
Garage spaces0
WaterfrontNo
Carport spaces0
Covered spaces0
Road frontage typeEast of US-1
ConstructionCBS
Patio & porchPatio

Finance, Tax & HOA

Tax year2025
PossessionNegotiable
HOAYes
HOA fee$563
Annual taxes$0
Original list price$475,000
Tax legal description501 First Residences
Association amenitiesFitness Center, Pool, Kitchen Facilities, Maintenance
HOA fee includesCable TV, Internet, Water, Hot Water
HOA frequencyMonthly

Price & status history

Status: For SaleFeb 9, 2026
Last change (New listing)Feb 9, 2026

Utilities & Green

UtilitiesCable Available

Location

High schoolBooker T. Washington
MLS area2410
Subdivision501 First Residences
Elementary schoolFrederick Douglass
Middle schoolJose De Diego

Additional Information

Listing termsCash, Conventional
Occupant typeVacant
Parcel number0000000001001
Approval statusYes
Direction facesSouth
Senior communityNo
Delayed marketingNo

Tours & Media

Virtual tours

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Frequently asked questions

How many bedrooms does this home have?+

This home has 0 bedrooms.

How many bathrooms does this home have?+

This home has 1 bathroom.

How big is this home?+

This home offers about 447 square feet of living space.

How much does this home cost?+

This home is listed at $475000.

What type of property is this?+

This is a condominium listing.

When was this home built?+

This home was built in 2025.

Where is this home located?+

This home is located in Miami, FL.

What is the price per square foot?+

The price works out to about $1063 per square foot.

Contact about this property

L

Lily

Mutti Real Estate

FL Lic. #3214903

Listing office contact: 305-947-0477

MLS# A11961966 · Last updated Oct 25, 2026