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About This Home

This 0-bedroom, 1-bathroom condo at 121 NE 5th st in Miami, FL is listed for $495,000 ($1,086 per sqft). Built in 2026, the home offers 456 sqft of living space on a N/A lot.

Agent Description

Unit already generating income in a short rental program with management company. Stunning high-floor residence on the 34th floor at 501 First Residences, offering breathtaking direct east-facing water views of Biscayne Bay. This beautifully designed unit comes fully furnished and completely turn-key, ideal for both personal use and investment.

Approved for short-term rentals and currently professionally managed by a short-term rental company, the property offers excellent income potential from day one. Floor-to-ceiling windows fill the space with natural light and showcase spectacular bay views, while modern finishes and a private balcony enhance the living experience. Residents enjoy resort-style amenities and a prime location in the heart of Miami, just moments from dining, entertainment, and waterfront attractions.

Key Features

  • Built in 2026
  • 40 stories

Property Details

40 stories
1 full
#3400
2026

Amenities

View

Monthly Cost Estimate

$2,647/mo

20% down · 6.5% · 30 years

Principal$358
Interest$2,145
Insurance$144

Estimates only. Actual payments may vary.

Location

121 NE 5th st

Miami, FL 33132

501 First

Features & Amenities

Interior Features

Door ManElevator SecuredLobby SecuredBedroom On Main LevelElevator

Exterior Features

BalconySecurity/High Impact Doors

Property Details

Flooring

TileTile - Ceramic

Construction

Block

Views

OceanWater

Parking

GarageGuestValet

Heating

Central

Cooling

Central Air

Appliances

DishwasherDryerGarbage DisposerIce MakerMicrowaveRangeRefrigeratorWasher

Questions & Answers

This 0-bedroom, 1-bathroom condo at 121 NE 5th st is listed at $495,000 ($1,086/sqft). The estimated monthly payment is $2,145 based on 20% down at 6.5% interest.

Key features include: Built in 2026, 40 stories. Interior Features: Door Man, Elevator Secured, Lobby Secured. Exterior Features: Balcony, Security/High Impact Doors.

This property is listed by Valerie Garazi and can be reached at 18004383973 or FloridaRealtorVG@gmail.com.

VG

Valerie Garazi

Agent at The Keyes Company

(800) 438-3973

Listed by The Keyes Company · View on Broker Site

MLS# A11978516· Source: listhub· Updated today

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

121 NE 5th st, Miami, FL 33132

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