$449,000

121 5th St #304, Miami, FL 33132

Baths
1
Living area
359 ft²
Price per ft²
$1,251 / ft²
Type
Condo
Year built
2025
HOA
$588 / mo HOA
On market
77 days on market
MLS #
A12051789

Experience the ultimate investment opportunity at 501 First Residences in the heart of Downtown Miami! This fully furnished turnkey studio offers modern finishes, an open-concept layout, floor-to-ceiling impact windows, a contemporary kitchen with stainless steel appliances and quartz countertops, in-unit washer and dryer, and a private balcony. Designed for maximum flexibility, the building allows short-term rentals with no rental restrictions, making it ideal for Airbnb, vacation rentals, or corporate stays. Residents enjoy resort-style amenities including a rooftop pool, fitness center, spa, co-working spaces, game room, lounge, café, valet parking, and 24-hour concierge and security. Located just steps from Miami Worldcenter, Brightline Station, Kaseya Center, Bayside Marketplace, Museum Park, top restaurants, shopping, entertainment, and with easy access to Miami Beach, Brickell, Wynwood, and the Design District. Whether you’re looking for a high-performing income-producing property or a stylish city residence, Unit 304 offers exceptional value in one of Miami’s fastest-growing neighborhoods.

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 $1,251. The median for recorded sales in the same ZIP codes is $842/ft² — putting it 49% above the median.
  • Position in the area’s price distributionThe asking price is $449,000; the median of recorded sales in the area is $525,000 (1,777 sales). On raw price that is 14% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $588 per month comes to $7,056 a year — 1.6% 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%$134,700
Term

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

Estimated monthly payment$2,081
Loan amount
$314,300
Total interest over the term
$434,681
Total repaid
$748,981

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

BM2 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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