121 NE 5th St # 3200 Miami FL 33132 | MLS #A12039927
121 NE 5th St # 3200
Miami, FL, 33132
$468,000
Beds
1 Baths
412 SqFt
0 Acres
$468,000
121 NE 5th St # 3200
Miami, FL, 33132
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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.

Property Details

Price:
$468,000
MLS #:
A12039927
Status:
Active
Beds:
0
Baths:
1
Type:
Condo
Subtype:
Condominium
Subdivision:
501 FIRST RESIDENCES
Neighborhood:
501firstresidences
Listed Date:
Jun 18, 2026
Finished Sq Ft:
412
Total Sq Ft:
412
Year Built:
2025
High RiseNewconstruction501 First Residences501firstresidences501 First ResidencesDaily Rentals Allowed,no Restrictions

Schools

Interior

Appliances
Dishwasher, Dryer, Microwave, Other Equipment/Appliances, Refrigerator, Washer
Bathrooms
1 Full Bathroom
Cooling
Central Air
Flooring
Ceramic Floor
Heating
Central
Interior Features
Interior Hall, Lobby, First Floor Entry, Closet Cabinetry, Elevator

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
Direction Faces
East
Exterior Features
Barbeque
Parking Features
Valet
Security Features
Smoke Detector, Doorman, Elevator Secure, Lobby Secured
View
Bay, Water View

Financial

HOA Fee
$589
HOA Fee Frequency
Monthly
Tax Year
2026
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Current real estate data for Condo in Miami as of Sep 10, 2026
4,769
Condo Listed
165
Avg DOM
693
Avg $ / SqFt
$1,008,445
Avg List Price

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Property Summary

    Located in the 501 FIRST RESIDENCES subdivision, 121 NE 5th St # 3200 Miami FL is a Condo for sale in Miami, FL, 33132. It is listed for $468,000 and features 0 beds, 1 baths, and has approximately 412 square feet of living space, and was originally constructed in 2025. The current price per square foot is $1,136. The average price per square foot for Condo listings in Miami is $693. The average listing price for Condo in Miami is $1,008,445.
121 NE 5th St # 3200
Miami, FL