About 121 Ne 5th Street #3200
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.
Features of 121 Ne 5th Street #3200
| MLS® # | A12039927 |
|---|---|
| Price | $468,000 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 412 |
| Year Built | 2025 |
| Type | Residential |
| Sub-Type | Condominium |
| Status | Active |
Community Information
| Address | 121 Ne 5th Street #3200 |
|---|---|
| Area | 2410 |
| Subdivision | 501 FIRST RESIDENCES |
| City | Miami |
| Building | 501 First |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33132 |
Amenities
| Amenities | Clubhouse, Elevator(s), Fitness Center, Picnic Area, Pool, Spa/Hot Tub, Trash Chute, Business Center, Heated Pool, Lobby, Maintenance |
|---|---|
| Parking | Valet |
| View | Water, Bay |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Elevator, Closet Cabinetry |
|---|---|
| Appliances | Dryer, Dishwasher, Microwave, Other, Refrigerator, Washer |
| Heating | Central |
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 40 |
Exterior
| Exterior Features | Barbecue |
|---|---|
| Construction | Block |
School Information
| Elementary | Frederick Douglass |
|---|---|
| Middle | Jose De Diego |
| High | Booker T. Washington |
Additional Information
| Date Listed | June 18th, 2026 |
|---|---|
| Days on Market | 79 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 589 |
| HOA Fees Freq. | Monthly |
| Tax Year | 2026 |
Listing Details
| Office | MAK Realty Group |
|---|