New construction

$449,000

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

0beds

447sqft

$3,725/mo

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Condominium

Built in 2025

-- sqft lot

$436,800 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.

201 days
12
0

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

$436,800

$415,000 - $459,000

$3,071/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