$449,000
Miami, FL 33132
MLS# A12051789
1 baths | 359 sqft
1 / 51
Property Description
Experience the ultimate investment opportunity at 501 First Residences in the heart of Downtown Miami! This fully furnished turnkey studio offers modern finishes, an open-concept layout, floor-to-ceiling impact windows, a contemporary kitchen with stainless steel appliances and quartz countertops, in-unit washer and dryer, and a private balcony. Designed for maximum flexibility, the building allows short-term rentals with no rental restrictions, making it ideal for Airbnb, vacation rentals, or corporate stays. Residents enjoy resort-style amenities including a rooftop pool, fitness center, spa, co-working spaces, game room, lounge, café, valet parking, and 24-hour concierge and security. Located just steps from Miami Worldcenter, Brightline Station, Kaseya Center, Bayside Marketplace, Museum Park, top restaurants, shopping, entertainment, and with easy access to Miami Beach, Brickell, Wynwood, and the Design District. Whether you’re looking for a high-performing income-producing property or a stylish city residence, Unit 304 offers exceptional value in one of Miami’s fastest-growing neighborhoods.
Details
Maps
Contract Information
Comp Sale YN: No
Occupant Type: Call Listing Agent
Listing Date: 2026-07-10
Status: Active
Original List Price: 449000
List Price: $449,000
Current Price: $449,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 1
Postal Zip: 33132
Subdivision Number: 8
Special Assessment YN: No
Country: United States
Street Number: 121
Street Direction Prefix: NE
Street Name: 5th
Street Suffix: Street
Unit Number: 304
State Or Province: FL
Postal Code: 33132
Postal Code +4: 2609
Subdivision Name: 501 First Residences
Area: 2410
Elementary School: Frederick Douglass
Middle Or Junior School: Jose De Diego
High School: Booker T. Washington
Parcel Number: 0141010081370
Directions: From I-95, take Exit 2D toward NW 8th Street. Continue east on NW 8th Street, then turn right onto NE 1st Avenue. Turn left onto NE 5th Street. 501 First Residences is located at 121 NE 5th Street, Miami, FL 33132, in the heart of Downtown Miami.
General Property Information
Unit Floor #: 3
Adjusted Area Main: 359
Living Area Main: 359
Senior Community YN: No
Stories Total: 40
Property Sub Type: Condominium
Bathrooms Total: 1
Bathrooms Full: 1
Building Area Main: 359
Year Built: 2025
Financial Information
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 588
Membership Fee Required YN: No
Association YN: 1
Association Fee: 588
Association Fee Frequency: Monthly
Tax Year: 2025
Tax Legal Description: UNDIV 0.14822% INT IN COMMON ELEMENTS OFF REC 35067-4463
Office/Member Information
DXORIGMLSID: SEF
Application Fee Details
Application Fee Required: Yes
Application Fee: 100
Application Information
Rapid Approval: 1
Amenities
Fitness Center: 1
Pool: 1
Sauna: 1
Spa/Hot Tub: 1
Association Amenities
Maintenance: 1
Association Fee Includes
Internet: 1
Exterior Features
Other: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Short Term Rentals Allowed: 1
Parking Features
Valet: 1
Property Condition
Resale: 1
Possession
Close Of Escrow: 1
Special Information
Sold As-Is: 1
View
Other: 1
Heating
Other: 1
Leasing Restrictions
Leasing - Max Times Per Year: 365
Leasing - Minimum Number of Days: 1
Appliances
Dryer: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Construction Materials
Block: 1
Interior Features
Built-in Features: 1
Closet Cabinetry: 1
Elevator: 1
Kitchen Island: 1
Listing Terms
Cash: 1
Conventional: 1
Security Features
Fire Alarm: 1
Key Card Entry: 1
Security Patrol: 1
Security System: 1
Architectural Style
Other: 1
Cooling
Other: 1
Association Type
Condominium: 1
Homeowner Association: 1
Showing Requirements
Call Listing Agent: 1
Master Bedroom/Bath
Separate Shower: 1
Pets Allowed YN
Yes: 1
Tax Information
Tax Reflects No Exemptions: 1
Price Calculations
Current Price To SqFt: 1250.69
Section Details
Parcel Number MLX: 1370
Status Change Information
Major Change Timestamp: 2026-07-10T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-07-10
Originating Details
Originating System Key: 529270083
Originating System ID: M00000151
Property Features
Application Information: Rapid Approval
Association Amenities: Maintenance
Association Fee Includes: Internet
Exterior Features: Other
Leasing Permitted Details: Short Term Rentals Allowed
Parking Features: Valet
Property Condition: Resale
Appliances: Dryer; Microwave; Refrigerator; Washer
Architectural Style: Other
Construction Materials: Block
Cooling: Other
Association Type: Condominium; Homeowner Association
Heating: Other
Interior Features: Built-in Features; Closet Cabinetry; Elevator; Kitchen Island
Listing Terms: Cash; Conventional
Pets Allowed YN: Yes
Possession: Close Of Escrow
Security Features: Fire Alarm; Key Card Entry; Security Patrol; Security System
Special Information: Sold As-Is
Tax Information: Tax Reflects No Exemptions
View: Other
Showing Requirements: Call Listing Agent
Listing Office: BM2 Realty
Last Updated: July - 15 - 2026
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