121 NE 5th St # 3200, Miami FL 33132, Miami
$468,000
Miami, FL, 33132
Property details
- Bedrooms
- 0
- Bathrooms
- 1
- Living area
- 412 sqft
- Year built
- 2025
- Type
- Condominium
- Association fee
- $589 / monthly
- Days on market
- 37
- MLS #
- A12039927
Listing courtesy of MAK Realty Group · 917-714-7168. Listing agent: Sergey Rybak. MLS data last updated 2026-07-25.
Description
A move-in-ready, fully furnished studio in a building that permits short-term rentals a key differentiator in Downtown Miami, where Airbnb-approved inventory is limited and commands a premium. The 411 SqFt layout includes a 38 SF balcony above-average outdoor space for the segment plus integrated premium appliances and in-unit washer/dryer, reducing furnishing and turnover costs whether you’re targeting nightly stays or longer-term leases. Location is the core thesis: directly adjacent to the Brightline station and Metromover, and steps from the Miami Worldcenter development a multi-billion-dollar project anchoring sustained demand and infrastructure investment in the corridor. Proximity to the Kaseya Center, Museum Park, and Downtown’s dining and entertainment scene drives consistent guest and tenant appeal. Building amenities (rooftop pool, fitness center, co-working spaces, 24-hour concierge) support premium nightly rates and strong occupancy. A brand-new 2025 build minimizes near-term capex and maintenance risk a low-friction, flexible-use addition to any rental portfolio.
121 NE 5th St # 3200, Miami FL 33132, Miami — for sale, listed for $468,000 (0 bed, 1 bath, 412 sqft).
281 studio listings for sale in miami · median $465,000.
Run the numbers
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.
Availability in 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 · 2026-07-26 · Methodology
Local market report
Are sellers cutting prices here?
32% of the 281 active studio listings for sale in miami have reduced their asking price at least once — a direct read on seller flexibility in this segment.
n=281 · 2026-07-26 · Methodology
Closest-priced alternatives
The 4 active listings closest in price within the same market segment:
Current market segment
Right now: 281 active studio listings for sale in miami, median asking price $465,000, median $1,081/sqft.
n=281 · 2026-07-26 · Methodology
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-26 · Methodology
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