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Active - Condominium for sale

121 NE 5th Street # 1001B, Miami FL 33132

1 bth|447 sqft

Facts & features

Condominium Property type
278 days on Beycome
2025 Year built
$1,063 Price/Sqft.
$563/mo HOA

Why you’ll love it

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.

Translating description...

Listings courtesy of Optimar International Realty.

Listed by: Ginna Rojas • 305-710-6015 • Optimar International Realty

Co-listed by: Optimar International Realty

Source: Miami MLS, MLS#: A11961966 Miami MLS logo

Based on info available as of Nov 13, 2026 at 7:00 PM EST.

Come see by yourself

Affordability

$310,000$640,000
1%20%
0%90%
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Estimated monthly payment

$2,965/mo

  • Mortgage$2,402
  • Property tax$0
  • HOA fee
  • Homeowners insurance
Due at closing$377,625
Down payment held in escrow$95,000
Closing costs$7,125
beycome credit Est.$9,500

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Travel times

About 501 First Residences

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Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Copyright ©2026. Based on information as of Nov 13, 2026 at 07:00pm EST.

$475,000 Listed price

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