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Active Condominium
$475,000
121 NE 5th Street # 1001B, Miami FL 33132, Miami, FL 33132
0 Beds
Bedrooms
1 Baths
Bathrooms
447 sqft
Living Area
2025
Year Built
Market Insight

The listing price is 23.2% above the average sold price per square foot of comparable condominiums. It is $110,000 above the median close price of nearby comparable sales.

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.

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 31.9% above estimated market value ($114,890 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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