121 NE 5th Street #3400
Miami, FL 33132
0
Bed
1
Bath
456Acres
Unit already generating income in a short rental program with management company. Stunning high-floor residence on the 34th floor at 501 First Residences, offering breathtaking direct east-facing water views of Biscayne Bay. This beautifully designed unit comes fully furnished and completely turn-key, ideal for both personal use and investment. Approved for short-term rentals and currently professionally managed by a short-term rental company, the property offers excellent income potential from day one. Floor-to-ceiling windows fill the space with natural light and showcase spectacular bay views, while modern finishes and a private balcony enhance the living experience. Residents enjoy resort-style amenities and a prime location in the heart of Miami, just moments from dining, entertainme
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
BedroomOnMainLevel, Elevator, SeparateShowerAppliances: Dryer, Dishwasher, ElectricRange, Disposal, IceMaker, Microwave, Refrigerator, WasherWindow Features: Blinds -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir
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Building Information
Year Built: 2026Construction Materials: BlockPatio And Porch Features: Open, BalconyPool Features: AssociationPrivate Pool: NoView: Bay, Ocean, WaterAssociation Fee Frequency: Monthly -
Exterior Features
Exterior Features: Balcony, OutdoorLivingArea
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Listing Price Information
Listing Price: $495000Original Price: $525000Cash, Conventional
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Tax Information
Parcel Number: 0141010080220 Tax Year: 2026 Annual Tax: $0 Tax Legal Desc: 501 First Residences condominium book 35067 page 4463
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Virtual Tour
Parking Information
Attached, Garage, Guest, ValetGarage Information
Has Garage: Yes Has Attached Garage: Yes Garage Space: 1 Pets Allowed: PetRestrictions, YesHomeowners Association Information
Has Association: YesIncluded Fees: CableTv, Internet, Sewer, Trash, WaterHOA: $674.00Association Amenities: BikeStorage, BusinessCenter, Clubhouse, Elevators, FitnessCenter, MaintenanceGrounds, PicnicArea, Pool, Parking, Trash
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School Information
Elementary School: Frederick Douglass Junior High School: Jose De Diego Senior High School: Booker T. Washington -
Utility Information
CableAvailable -
Location Information
Direction: From I-95 S, take Exit 3B (NW 8th St) to Downtown, go east, turn right on NW 3rd Ct, then left on NE 5th St. Building located at 121 NE 5th St. Security Features: SecuritySystem,ElevatorSecured,LobbySecured,SmokeDetectors
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 133 NE 2nd Ave #1103, Miami, FL, 33132 | $310,000 | 1 | 1 | 632 | 632 SqFt |
| 488 NE 18th St #2011, Miami, FL, 33132 | $960,000 | 2 | 3 | 1,161 | 1,161 SqFt |
| 1900 N Bayshore Drive #.., Miami, FL, 33132 | $570,000 | 2 | 2 | 1,154 | 1,154 SqFt |
| 851 NE 1st Ave #3909, Miami, FL, 33132 | $1,300,000 | 2 | 3 | 1,559 | 1,559 SqFt |
| 398 NE 5th Street #2118, Miami, FL, 33132 | $1,190,000 | 3 | 3 | 1,135 | 1,135 SqFt |
| 851 NE 1st Ave #PH 5411, Miami, FL, 33132 | $9,490,000 | 5 | 7 | 6,513 | 6,513 SqFt |
| 851 NE 1st Avenue #2606, Miami, FL, 33132 | $768,000 | 1 | 2 | 1,173 | 1,173 SqFt |
| 851 NE 1st Ave #4406, Miami, FL, 33132 | $798,888 | 2 | 2 | 1,173 | 1,173 SqFt |
| 888 Biscayne Blvd #1811, Miami, FL, 33132 | $480,000 | 1 | 2 | 845 | 845 SqFt |
| 851 NE 1st Ave #7, Miami, FL, 33132 | $200,000 | 1 | 1 | -- |
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ByOwner last updated this listing 07/30/2026 @ 00:19
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