# 121 NE 5th st, Miami, FL 33132

> **TL;DR:** 0bd/1ba condo, $495,000 ($1086/sqft), built 2026, 456 sqft.
> View. Est. $2,145/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $495,000 |
| Price/sqft | $1086 |
| Bathrooms | 1 full |
| Square Feet | 456 |
| Year Built | 2026 |
| Stories | 40 |
| Property Type | Condo (Condominium) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Views** - Ocean, Water

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,145 |
| **Total** | **$2,145** |

## Key Amenities

- View

## Property Highlights

- Built in 2026
- 40 stories

## Description

### 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.

## Location

- **Address:** 121 NE 5th st, Miami, FL 33132
- **County:** Miami-Dade
- **Neighborhood:** 501 First

## Listing Agent

- **Name:** Valerie Garazi
- **Brokerage:** The Keyes Company
- **Phone:** 18004383973
- **Email:** FloridaRealtorVG@gmail.com

## Primary Photo

![121 NE 5th st - Primary Photo](http://lh.rdcpix.com/f09369c543d3803c108981fe7806d193l-f415813122r.jpg)

*24 total photos available on [listing page](https://www.propertysimple.com/listing/121-ne-5th-st-miami-fl-33132-11978516)*

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**MLS#:** A11978516 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/121-ne-5th-st-miami-fl-33132-11978516)

---

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