About This Home

This 0-bedroom, 1-bathroom condo at 121 NE 5th Street #1001B in Miami, FL is listed for $475,000 ($1,063 per sqft). Built in 2025, the home offers 447 sqft of living space on a N/A lot.

Key Features

  • Built in 2025

Property Details

1 full
#1001B
2025

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$3,103/mo

20% down · 6.5% · 30 years

Principal$344
Interest$2,058
Insurance$139
HOA$563

Estimates only. Actual payments may vary.

Location

121 NE 5th Street #1001B

Miami, FL 33132

501 First Residences

Features & Amenities

Interior Features

Bedroom on Main LevelFirst Floor EntryMain Living Area Entry LevelShower Only

Exterior Features

Security/High Impact DoorsPatio

Property Details

Flooring

Tile - Ceramic

Construction

CBS (Concrete Block Structure) Block

Outdoor Features

Patio

Heating

Central

Cooling

Central Air

Appliances

DryerDishwasherDisposalMicrowaveRefrigeratorWasher

Questions & Answers

This 0-bedroom, 1-bathroom condo at 121 NE 5th Street is listed at $475,000 ($1,063/sqft). The estimated monthly payment is $3,104 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $563/month.

Key features include: Built in 2025. Interior Features: Bedroom on Main Level, First Floor Entry, Main Living Area Entry Level. Exterior Features: Security/High Impact Doors, Patio.

This property is listed by Ginna Rojas.

GR

Ginna Rojas

License 3175274

Agent at Optimar Realty Group LLC

Listed by Optimar Realty Group LLC · Broker phone: (305) 947-0477 · View on Broker Site · Broker website

MLS# A11961966· Source: Miami REALTORS®· 6 days on PropertySimple

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 Street #1001B, Miami, FL 33132

Open this listing in: