$439,000

121 5th Street #401B, Miami, FL 33132

Baths
1
Living area
447 ft²
Price per ft²
$982 / ft²
Type
Condo
Year built
2025
HOA
$563 / mo HOA
On market
228 days on market
MLS #
A11961990

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.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $982. The median for recorded sales in the same ZIP codes is $842/ft² — putting it 17% above the median.
  • Position in the area’s price distributionThe asking price is $439,000; the median of recorded sales in the area is $525,000 (1,777 sales). On raw price that is 16% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $563 per month comes to $6,756 a year — 1.5% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33128, 33131, 33132 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$131,700
Term

6.95% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 17, 2026.

Estimated monthly payment$2,034
Loan amount
$307,300
Total interest over the term
$425,000
Total repaid
$732,300

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Optimar International Realty

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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