New construction

$449,000

121 NE 5th St #807, Miami, FL 33132

0beds

447sqft

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Condominium

Built in 2025

-- sqft lot

$437,100 Zestimate^®

$1,004/sqft

$657/mo HOA

What's special

Private balconyWell-designed studio residenceEfficient open layoutFloor-to-ceiling impact windowsNatural light

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.

155 days

8

0

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 0
Bathrooms: 1
Full bathrooms: 1

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer

Features

Flooring: Ceramic Tile
Doors: High Impact Doors

Interior area

Total interior livable area: 447 sqft

Video & virtual tour

View virtual tour

Property

Parking

Parking features: None

Features

Entry location: First Floor Entry
Patio & porch: Patio
Pool features: Association
Has view: Yes
View description: Skyline

Lot

Features: East Of Us1

Details

Parcel number: 0000000000807

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

CBS Construction

Condition

New Construction
New construction: Yes
Year built: 2025

Community & HOA

Community

Security: Doorman, Elevator Secure, Lobby Secured
Application fee: $100
Pet fee: $100 nonrefundable
Subdivision: 501 First Residences

HOA

Has HOA: Yes
Amenities included: Fitness Center, Kitchen Facilities, Pool
HOA fee: $657 monthly

Location

Region: Miami

Financial & listing details

Price per square foot: $1,004/sqft
Date on market: 2/9/2026
Listing terms: All Cash,Conventional

Estimated market value

$437,100

$415,000 - $459,000

$2,895/mo

Price history

Date	Event	Price
5/6/2026	Listing removed	$2,950$7/sqft
Source: MIAMI #A12003974 Report a problem
4/20/2026	Listed for rent	$2,950$7/sqft
Source: MIAMI #A12003974 Report a problem
3/31/2026	Price change	$449,000-8.4%$1,004/sqft
Source: MIAMI #A11961922 Report a problem
2/9/2026	Listed for sale	$490,000$1,096/sqft
Source: MIAMI #A11961922 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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