501 First Residences 3200
Unit 3200
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501 First Residences Unit 3200 For Sale
$468,000
121 NE 5th Street 3200 · Downtown Miami · Miami
121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 1 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 2 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 3 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 4 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 5 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 6 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 7 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 8 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 9 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 10 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 11 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 12 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 13 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 14 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 15 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 16 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 17 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 18 of 19121 NE 5th Street 3200, 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132, photo 19 of 19
$468,000Asking Price
$1,136Per SqFt
0/1Beds/BathsBd/Ba
412SqFt · 38.3 m²
501 First Residences · MLS A12039927 · 92 days on Zilbert · Listed Jun 18, 2026 · 121 NE 5th Street 3200, Downtown Miami, Miami FL 33132Current layoutPhotos first

Property Details

Asking Price$468,000
Price per SqFt$1,136
Maintenance fee$589 Monthly
Property TaxesNot yet assessed
Interior Space412 SqFt
Beds/Baths0/1
Year Built2025
MLS #A12039927

Estimated Costs

An estimate of condo or HOA fees and property taxes

Monthly carry, maintenance only; taxes not yet assessed
$589maintenance · $589 per month
Not yet assessedtaxes
$589 / monthbefore taxes, mortgage and insurance

Fees based on MLS provided figures, and may not be accurate. Property taxes are not yet assessed for this residence.

From the listing

A move-in-ready, fully furnished studio in a building that permits short-term rentals a key differentiator in Downtown Miami, where Airbnb-approved inventory is limited and commands a premium. The 411 SqFt layout includes a 38 SF balcony above-average outdoor space for the segment plus integrated premium appliances and in-unit washer/dryer, reducing furnishing and turnover costs whether you’re targeting nightly stays or longer-term leases.Location is the core thesis: directly adjacent to the Brightline station and Metromover, and steps from the Miami Worldcenter development a multi-billion-dollar project anchoring sustained demand and infrastructure investment in the corridor. Proximity to the Kaseya Center, Museum Park, and Downtown’s dining and entertainment scene drives consistent guest and tenant appeal.Building amenities (rooftop pool, fitness center, co-working spaces, 24-hour concierge) support premium nightly rates and strong occupancy. A brand-new 2025 build minimizes near-term capex and maintenance risk a low-friction, flexible-use addition to any rental portfolio.

Listed by MAK Realty Group

Sales History for This Home · 501 First Residences Unit 3200

Sales history is unavailable for this property

Mark Zilbert
Mark Zilbert
Licensed Real Estate Broker · ONE Sotheby's International Realty · I track every sale at 501 First Residences. Ask me about this home or the neighborhood.
+1 (786) 280-0201

Listed by MAK Realty Group. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami and throughout South Florida.

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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.