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.
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.
Property Details
Price:
$468,000
MLS #:
A12039927
Status:
Active
Beds:
0
Baths:
1
Address:
121 NE 5th St # 3200
Type:
Condo
Subtype:
Condominium
Subdivision:
501 FIRST RESIDENCES
Neighborhood:
501firstresidences
City:
Miami
Listed Date:
Jun 18, 2026
State:
FL
Finished Sq Ft:
412
Total Sq Ft:
412
ZIP:
33132
Year Built:
2025
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Schools
Interior
Appliances
Dishwasher, Dryer, Microwave, Other Equipment/ Appliances, Refrigerator, Washer
Bathrooms
1 Full Bathroom
Cooling
Central Air
Flooring
Ceramic Floor
Heating
Central
Exterior
Architectural Style
High Rise
Association Amenities
Barbecue, Business Center, Clubhouse- Clubroom, Elevator(s), Exercise Room, Heated Pool, Pool, Spa/ Hot Tub, Trash Chute
Construction Materials
Concrete Block Construction
Exterior Features
Barbeque
Parking Features
Valet
Security Features
Smoke Detector, Doorman, Elevator Secure, Lobby Secured
Financial
HOA Fee
$589
HOA Frequency
Monthly
Tax Year
2026
Map
Community
- Address121 NE 5th St # 3200 Miami FL
- Subdivision501 FIRST RESIDENCES
- CityMiami
- CountyMiami-Dade County
- Zip Code33132
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121 NE 5th St # 3200
Miami, FL
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