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Active Condominium
$439,000 ↓ −$26,000 (5.6%)
121 NE 5th Street # 401B, Miami FL 33132, Miami, FL 33132
0 Beds
Bedrooms
1 Baths
Bathrooms
447 sqft
Living Area
2025
Year Built

About This Property

Investor-friendly turnkey studio at 501 First Residences—one of Downtown Miami’s newest buildings allowing legal daily rentals, ideal for Airbnb-style income strategies. Unit 401B offers 385 SF (36 m²) featuring an efficient open floor plan, floor-to-ceiling windows, and a private balcony designed to maximize guest appeal. Offered fully furnished with blinds and sofa bed, this residence includes private storage and is ready for immediate rental operation. Its flexible layout and low-maintenance design make it a strong option for investors seeking consistent short-term rental demand in a high-growth urban location. Enjoy access to modern amenities, fitness center, social lounges, and a central location steps from Miami Worldcenter, transit, entertainment, and cultural venues. A smart, income-producing opportunity in Miami’s evolving rental landscape.

Property Details

Property Type Condominium
Days on Market 107 days
HOA Fee $563/mo
Parking — spaces
Pool No
Waterfront No
Community 501 First Residences
Pets Allowed Restrictions Or Possible Restrictions

Assigned Schools

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School Grades Address Report Card
Douglass, Frederick Elementary
Elementary 305-371-4687
K-5
314 NW 12 St., Miami, FL 33136
de Diego, Jose Middle
Middle 305-573-7229
6-8
3100 NW 5 Ave., Miami, FL 33127
Washington, Booker T. Senior High
High School 305-324-8900
9-12
1200 NW 6th Ave., Miami, FL 33136

Source: County GIS attendance zone boundaries. Assignments are based on property location and may change. Use Miami-Dade County Public Schools's official locator to confirm.

Location

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Comparable Sales

10 closed sales · 1-mile radius · last 12 months · Miami

Est. Market Value
$360,110
Range: $357,000 – $365,000
Listed 21.9% above estimated market value ($78,890 over comps). Buyers should negotiate.
Address
Closed
Price
Beds
Baths
Sqft
vs Ask
227 NE 2nd St # 2112, Miami FL 33132
MAP OF MIAMI DADE CO. FL.,YOTEL PAD · 2022
$357,000
Apr 17, 2026
$395,000
$867/sf
0
1
412
-9.6%
227 NE 2nd St # 2908, Miami FL 33132
MAP OF MIAMI DADE CO. FL. · 2022
$365,000
Apr 17, 2026
$369,000
$929/sf
0
1
393
-1.1%
555 NE 15th St # 411, Miami FL 33132
VENETIA CONDO · 1980
$225,000
Mar 6, 2026
$240,000
$563/sf
0
1
400
-6.3%
398 NE 5th St # 1906, Miami FL 33132
The elser · 2022
$475,000
Jan 28, 2026
$489,900
$1,072/sf
0
1
443
-3%
227 NE 2nd St # 2512, Miami FL 33132
MAP OF MIAMI DADE CO. FL. · 2023
$365,000
Dec 15, 2025
$379,000
$886/sf
0
1
412
-3.7%
697 N MIAMI AVE 3204, Miami FL 33136
County records · 2025
$451,900
Apr 1, 2026
$1,089/sf
0
1
415
225 N MIAMI AVE 2908, Miami FL 33128
County records · 2025
$406,900
Mar 17, 2026
$1,038/sf
0
1
392
697 N MIAMI AVE 3704, Miami FL 33136
County records · 2025
$505,000
Feb 27, 2026
$1,217/sf
0
1
415
225 N MIAMI AVE 3108, Miami FL 33128
County records · 2025
$437,900
Feb 20, 2026
$1,117/sf
0
1
392
697 N MIAMI AVE 2004, Miami FL 33136
County records · 2025
$500,400
Feb 18, 2026
$1,206/sf
0
1
415
$365,000
Median Sale
$357,400
Trimmed Avg
$863/sf
Avg $/sqft
5 sales
Comps Found

Comp data from Miami MLS. Estimate is automated and does not account for condition, upgrades, or lot features. For a full CMA, contact Dayron Crespo, Broker.

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