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.
Listing Provided Courtesy of MAK Realty Group at 917-714-7168
Property Details
Price:
$468,000
MLS #:
A12039927
Status:
Active
Beds:
0
Baths:
1
Type:
Condo
Subtype:
Condominium
Subdivision:
501 FIRST RESIDENCES
Neighborhood:
2410
Listed Date:
Jun 18, 2026
Finished Sq Ft:
412
Total Sq Ft:
412
Year Built:
2025
See this Listing
Schools
Elementary School:
Frederick Douglass
Middle School:
Jose De Diego
High School:
Booker T. Washington
Interior
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer, Other
Bathrooms
1 Full Bathroom
Cooling
Central Air
Flooring
Ceramic Tile
Heating
Central
Interior Features
Closet Cabinetry, Elevator
Exterior
Association Amenities
Maintenance, Pool, Business Center, Clubhouse, Elevator(s), Fitness Center, Heated Pool, Lobby, Picnic Area, Spa/Hot Tub, Trash Chute
Construction Materials
Block
Direction Faces
East
Exterior Features
Barbecue
Parking Features
Valet
Security Features
Elevator Secure, Lobby – Attended, Security System, Smoke Detector(s)
View
Bay, Water
Financial
HOA Fee
$589
HOA Fee Frequency
Monthly
HOA Includes
Hot Water, Internet, Sewer, Trash, Water
Tax Year
2026
Map
Community
- Address121 NE 5th Street 3200 Miami FL
- Subdivision501 FIRST RESIDENCES
- CityMiami
- CountyMiami-Dade
- Zip Code33132
Market Summary
Property Summary
- Located in the 501 FIRST RESIDENCES subdivision, 121 NE 5th Street 3200 Miami FL is a Condo for sale in Miami, FL, 33132. It is listed for $468,000 and features 0 beds, 1 baths, and has approximately 412 square feet of living space, and was originally constructed in 2025. The current price per square foot is $1,136. The average price per square foot for Condo listings in Miami is $693. The average listing price for Condo in Miami is $984,053.
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