Frank Evans - Preferred Properties Int'l Realty, Inc Logo
$475,000
 $2,550 est/mo Sourced by Back At You

121 NE 5th Street 1001b,Miami, FL 33132

Miami, FL 33132

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Description

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.

Details

MLS #A11961966
Listing TypeFor Sale
StyleCondominium
HOA Dues$563
Sub-TypeResale
StatusActive
Year2025
Days On Site210
Listing Provided ByOptimar International Realty | Ginna Rojas

Features

Bath(s) 1 Total
SQ Feet447
PoolYes
Story(s)40
Property ViewCity

Parking

Garage Yes / NoNo
Parking FeaturesNone

Taxes

Tax Annual Amount0

Area Information

StateFL
CountyMiami Dade
CityMiami
Zip Code33132
Area41
Community Name501 First Residences
Listing VS Median (in 501 First Residences)
Price:
$475,000
low | high
Med:
$522,500
40% of Average
sqft:
447
low | high
Med:
475
43.847874720358% of Average
$ / sqft:
$1,063
low | high
Med:
$1,191
37.903145923001% of Average
On site:
210
low | high
Med:
108
100% of Average
Sourced by Back At You

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Learn More About This Property

Frank Evans

Frank Evans

Preferred Properties Intl Realty Inc

BK3280715 (954) 684-6157frank@preferredpropertiesint.com
StateFL
CountyMiami Dade
CityMiami
Zip Code33132
Area41
Community Name501 First Residences
Listing VS Median (in 501 First Residences)
Price:
$475,000
low | high
Med:
$522,500
40% of Average
sqft:
447
low | high
Med:
475
43.847874720358% of Average
$ / sqft:
$1,063
low | high
Med:
$1,191
37.903145923001% of Average
On site:
210
low | high
Med:
108
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $356K - $593K
sqft: 335 - 559
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$500,000
121 Ne 5th St 3704
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121 NE 5th St 2408 Property Photo 1
$3,200
121 Ne 5th St 2408
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121 NE 5th St 2905 Property Photo 1
$4,250
121 Ne 5th St 2905
Miami, FL 33132
Listing Updated: August 27, 2026 at 5:14:45 PM PDT

Frank Evans - Preferred Properties Int'l Realty, Inc