$475,000
121 NE 5th Street 1001B
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $475,000
- Price per sq ft
- $1,063
- Original price
- Unchanged
- Days on market
- 246
This condo in 501 First Residences is listed at $475,000, or $1,063 per square foot. It has been on the market for 246 days.
Estimated monthly payment
$2,496 /mo
Principal and interest only, based on $95,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $563/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $475,000
- Days on Site
- 246 Days
- Bedrooms
- 0
- Total Baths
- 1
- Full Baths
- 1
- Living Area
- 447 sqft
- Year Built
- 2025
- Property Type
- Condo
- MLS #
- A11961966
- HOA Fees
- $563 / Monthly
- Subdivision
- 501 First Residences
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
High-floor fully furnished studio at 501 First Residences designed for investors seeking daily rental income potential in the heart of Downtown Miami. Unit 1001B offers 385 SF (36 m²) with a modern open layout, floor-to-ceiling glass, and a private balcony delivering natural light and an efficient, guest-friendly design. The residence comes turnkey furnished with blinds and sofa bed, includes private storage, and is located in a building that permits short-term rentals with no minimum lease restrictions, making it an excellent addition to any income-producing portfolio. Residents and guests enjoy access to resort-style amenities, fitness facilities, social and co-working areas, and proximity to Miami Worldcenter, Brightline, shopping, dining, and entertainment venues. A compact, income-ready unit optimized for high-demand short-term rental use.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2025
- Property Condition
- New Construction
- New Construction
- Yes
- Number of Stories
- 40
- Garage Spaces
- 0
- Direction Faces
- South
- Living Sq Ft
- 447
Interior Features
- Appliances
- Dryer / Dishwasher / Disposal / Microwave / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Ceramic Tile
- Interior Features
- Bedroom On Main Level / Separate Shower
- Furnished
- Furnished
Exterior Features
- Construction
- CBS Concrete Block Structure / Block
- Exterior Features
- Outdoor Living Area
- Pool Features
- Association
- Patio & Porch
- Patio
- View
- Skyline
Community & HOA
- HOA Fee
- $563 / Monthly
- HOA Includes
- Cable Tv / Hot Water / Internet / Water
- Association Amenities
- Community Kitchen / Fitness Center / Maintenance Grounds / Pool
- Security
- Security System / Elevator Secured / Lobby Secured
- Utilities
- Cable Available
- Pets Allowed
- Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Ok To Lease / Short Term Rentals Allowed
- MLS Area
- 2410
This home's HOA fee works out to $563 a month, 16% below the $674 median across 33 homes for sale in 501 First Residences. See 501 First Residences HOA fees
Schools
- Elementary School
- Frederick Douglass
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
About the Community
501 First Residences is a community in Miami, Miami-Dade County, Florida. Active listings are priced from $375,000 to $995,000. Homes were built between 2025 and 2026. Pure Equity lists homes in 501 First Residences and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 33
- Under Contract
- 1
- Median List Price
- $500,000
- Median $/Sq Ft
- $1,091
- Avg Days on Market
- 120
Frequently Asked Questions
- How do I schedule a tour of 121 NE 5th Street 1001B, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 121 NE 5th Street 1001B, Miami, FL 33132. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 121 NE 5th Street 1001B, Miami, FL 33132 still available?
- 121 NE 5th Street 1001B, Miami, FL 33132 is currently listed as Active, and has been on the market 246 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 121 NE 5th Street 1001B, Miami, FL 33132?
- With 20% down ($95,000) on the $475,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 121 NE 5th Street 1001B, Miami, FL 33132 is about $2,496/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 121 NE 5th Street 1001B, Miami, FL 33132?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 121 NE 5th Street 1001B, Miami, FL 33132. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 121 NE 5th Street 1001B, Miami, FL 33132 have an HOA fee?
- Yes: 121 NE 5th Street 1001B, Miami, FL 33132 carries an HOA fee of about $563 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 121 NE 5th Street 1001B, Miami, FL 33132?
- 121 NE 5th Street 1001B, Miami, FL 33132 is zoned for Frederick Douglass (elementary), Jose De Diego (middle), Booker T. Washington (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 121 NE 5th Street 1001B, Miami, FL 33132?
- Often, yes. The right offer on 121 NE 5th Street 1001B, Miami, FL 33132 depends on how it's priced against comparable condo sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Optimar International Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$475,000
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Listed by Ginna Rojas, Optimar International Realty
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Recent Sales
Recently sold homes in 501 First Residences
These are the last 2 recorded closings in 501 First Residences, with the price each home actually sold for rather than what it was listed at. They closed at a median of $854 per square foot. The most recent closed on August 25, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$370,000
Sold · August 25, 2026
121 NE 5 Street 801B
0 bed · 1 bath
$25,000 under the asking price
Sold$391,000
Sold · July 9, 2026
121 NE 5th Street 912B
0 bed · 1 bath · 458 sqft · $854/sqft
$23,500 under the asking price
See every recorded sale in 501 First Residences or find out what your 501 First Residences home is worth.
