121 NE 5th St #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
Features
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Interior Features
BedroomOnMainLevel, ElevatorAppliances: 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: Balcony, OpenPool Features: AssociationPrivate Pool: NoView: Bay, Ocean, WaterAssociation Fee Frequency: Monthly -
Exterior Features
Exterior Features: Balcony, SecurityHighImpactDoors
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Listing Price Information
Listing Price: $495000Original Price: $525000Cash, Conventional
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Tax Information
Parcel Number: 01-41-01-008-0220 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, OneSpace, ValetGarage Information
Has Garage: Yes Has Attached Garage: Yes Garage Space: 1 Pets Allowed: Conditional, YesHomeowners Association Information
Included Fees: Amenities, CableTv, Internet, Parking, Sewer, Trash, WaterHOA: $674.00Association Amenities: BikeStorage, BusinessCenter, Clubhouse, Elevators, FitnessCenter, Barbecue, PicnicArea, Pool, Trash
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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: DoorMan,ElevatorSecured,LobbySecured,SmokeDetectors
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1100 Biscayne Blvd #3205, Miami, FL, 33132 | $948,000 | 2 | 3 | 1,647 | 1,647 SqFt |
| 1900 N Bayshore Dr #3517, Miami, FL, 33132 | $400,000 | 1 | 1 | 663 | 663 SqFt |
| 1900 N Bayshore Dr #4606, Miami, FL, 33132 | $529,999 | 1 | 1 | 951 | 951 SqFt |
| 244 Biscayne Blvd #3602, Miami, FL, 33132 | $775,000 | 2 | 2 | 1,203 | 1,203 SqFt |
| 227 NE 2nd St #1610, Miami, FL, 33132 | $420,000 | -- | 1 | 446 | 446 SqFt |
| 1750 N Bayshore Dr #4506, Miami, FL, 33132 | $325,000 | 1 | 1 | 821 | 821 SqFt |
| 460 NE 28th St #1102, Miami, FL, 33132 | $635,000 | 1 | 2 | 973 | 973 SqFt |
| 1600 NE 1st Ave #3614, Miami, FL, 33132 | $478,000 | 1 | 2 | 857 | 857 SqFt |
| 851 NE 1st Av #2808, Miami, FL, 33132 | $995,000 | 2 | 3 | 1,630 | 1,630 SqFt |
| 398 NE 5th St #4701, Miami, FL, 33132 | $1,650,000 | 3 | 3 | 1,150 | 1,150 SqFt |
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Nearby For Sale
The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.
ByOwner last updated this listing 06/06/2026 @ 18:31
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