Photo 1 of 10
$450,000
#3400 $1,092/sqft Listed 2 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
$439,000 $465,000
121 NE 5th Street #401B, Miami, FL
Listing courtesy of Optimar International Realty
About this home
Investor-friendly turnkey studio at 501 First Residences—one of Downtown Miami’s newest buildings allowing legal daily rentals, ideal for Airbnb-style income strategies. Unit 401B offers 385 SF (36 m²) featuring an efficient open floor plan, floor-to-ceiling windows, and a private balcony designed to maximize guest appeal. Offered fully furnished with blinds and sofa bed, this residence includes private storage and is ready for immediate rental operation. Its flexible layout and low-maintenance design make it a strong option for investors seeking consistent short-term rental demand in a high-growth urban location. Enjoy access to modern amenities, fitness center, social lounges, and a central location steps from Miami Worldcenter, transit, entertainment, and cultural venues. A smart, income-producing opportunity in Miami’s evolving rental landscape.
- Area
- Miami
- Building
- 501 First Residences
- MLS #
- A11961990
- Living area (m²)
- 42 m²
- Price per m²
- $10,570
- HOA (per month)
- $563Includes: 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
- 270
- Previous price
- $465,000
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 $465,000
- Price dropped from $465,000 to $439,000 (5.6%)
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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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 November 1, 2026, 10:04 am
$439,000
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