Photo 1 of 10
$450,000
#3400 $1,092/sqft Listed 3 days ago
121 NE 5th Street #3400, Miami, FLListing courtesy of The Keyes Company
For sale
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Photo courtesy of Beaches MLS
Condo · Miami · 501 First Residences
$449,000 $490,000
121 NE 5th Street #807, Miami, FL
Listing courtesy of Optimar International Realty
About this home
Unit 807 Studio Turnkey investment opportunity at 501 First Residences, a modern Downtown Miami building allowing daily rentals with no minimum restrictions—ideal for short-term rental investors. Unit 807 is a well-designed studio residence offering 447 SF (42 m²) with an efficient open layout, floor-to-ceiling impact windows, and a private balcony providing natural light and urban city ambiance. Delivered fully furnished with blinds and sofa bed, this unit is ready for immediate rental income. The residence also includes a storage provided by the association, adding additional convenience and flexibility for owners and guests. 501 First Residences offers resort-style amenities, co-working spaces, fitness center, social lounges, and prime walkability to Miami Worldcenter, Brightline Station, Bayfront Park, dining, entertainment, and major transportation corridors. An ideal plug-and-play investment in one of Miami’s fastest-growing short-term rental markets.
- Area
- Miami
- Building
- 501 First Residences
- MLS #
- A11961922
- Living area (m²)
- 42 m²
- Price per m²
- $10,807
- HOA (per month)
- $657Includes: Cable Tv, Hot Water, Internet, Water
- Year built
- 2025
- Floors in the building
- 40
- Pets
- Allowed
- Furnished
- Furnished
- New construction
- Yes
- Flooring
- Ceramic Tile
- View
- Skyline
- Listed
- February 9, 2026
- Days on market
- 271
- Previous price
- $490,000
Interior features
- Bedroom On Main Level
- Separate Shower
Exterior features
- Outdoor Living Area
Building amenities
- Community Kitchen
- Fitness Center
- Maintenance Grounds
- Pool
Appliances
- Dryer
- Dishwasher
- Disposal
- Microwave
- Refrigerator
- Washer
Price and status history
- Listed for $490,000
- Price dropped from $490,000 to $449,000 (8.4%)
From the MLS listing date, original price, latest price change and status dates. The feed does not list every change in between.
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501 First Residences
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#912B
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Listing information is deemed reliable but is not guaranteed and is provided exclusively for consumers' personal, non-commercial use. Data is supplied by the MLS and may be subject to change or withdrawal without notice.
Last updated October 31, 2026, 9:14 am
$449,000
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