$449,000

121 NE 5TH ST #807, MIAMI, FL 33132

Studio1 bath447 sq ftCondo or villaBuilt 2025
Updated today, November 3, 2026

This home against Miami

$1,004 per sq ft, 47% over the Miami median
268 days on the market
Price cut $41,000 since it was listed at $490,000

Miami today: 4,359 homes for sale, median list price $733,500.

About this home

Unit 807 Studio Turnkey investment opportunity at 501 First Residences, a modern Downtown Miami building allowing daily rentals with no minimum restrictions—ideal for short-term rental investors. Unit 807 is a well-designed studio residence offering 447 SF (42 m²) with an efficient open layout, floor-to-ceiling impact windows, and a private balcony providing natural light and urban city ambiance. Delivered fully furnished with blinds and sofa bed, this unit is ready for immediate rental income. The residence also includes a storage provided by the association, adding additional convenience and flexibility for owners and guests. 501 First Residences offers resort-style amenities, co-working spaces, fitness center, social lounges, and prime walkability to Miami Worldcenter, Brightline Station, Bayfront Park, dining, entertainment, and major transportation corridors. An ideal plug-and-play investment in one of Miami’s fastest-growing short-term rental markets.

Zoned schools

Elementary: Frederick R. Douglass Elementary
Middle: Jose de Diego Middle School
High: Booker T. Washington Senior High

From Miami-Dade County Public Schools attendance zones.

Near this home

Park: Henderson Park, 0.1 mi
Beach: Hobie Island Beach, 2 mi
Grocery: Sedano's Supermarket, 0.5 mi

Distances from the center of MIAMI.

Listing courtesy of Optimar International Realty. MLS# A11961922.

Listing information is provided by the MLS and is deemed reliable but not guaranteed.

Listed February 8, 2026.

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