121 NE 5th Street # 1404, Miami FL 33132, Miami
$489,000
Miami, FL, 33132
Property details
- Bedrooms
- 0
- Bathrooms
- 1
- Year built
- 2026
- Type
- Condominium
- Association fee
- $588 / monthly
- Days on market
- 113
- MLS #
- A11992993
Listing courtesy of Exclusive Living R.E. LLC · 786-252-7212. Listing agent: Marina Deganis. MLS data last updated 2026-07-23.
Description
Excellent investor opportunity! This brand-new furnished studio in Downtown Miami can be rented daily. Located in modern 501 First building, just steps from the Metromover, with easy access to Brickell, Miami Beach, and major highways. This contemporary unit features modern finishes, new appliances with washer and dryer included, and an efficient layout. Enjoy living in a luxury building in the heart of the city, close to restaurants, shopping, and entertainment. Amenities include 75-foot resort-style rooftop pool, state-of-the-art fitness center, yoga/meditation area, sunrise and sunset terraces with city views, greenhouse lounge, co-working spaces, pet lounge with pet-washing station, and more! Perfect for convenient urban living.
121 NE 5th Street # 1404, Miami FL 33132, Miami — for sale, listed for $489,000 (0 bed, 1 bath).
Price-reduction climate
32% of 279 active studio listings for sale in miami are listed below their original asking price.
n=279 · 2026-07-25 · Methodology
What else is available at 501 First Residences?
56 listings are currently active in this building across 52 distinct units (31 × 1-bed, 7 × 2-bed, 18 × studio).
n=56 · 2026-07-25 · Methodology
Run the numbers
Local market report
ZIP vs city price level
Active listings like this in ZIP 33132 show a median asking $1,263/sqft — 16.7% above the Miami median asking of $1,083/sqft.
n=118 · 2026-07-25 · Methodology
Closest-priced alternatives
The 4 active listings closest in price within the same market segment:
About 501 First Residences
501 First Residences: built 2025–2026; current sale asking prices $425,000–$995,000; current rents $2,500–$5,900; association fees $562–$1,300/month.
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-25 · Methodology
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