Real Estate by Fania — Stefania Riverin
(786) 828-0091

$439,000was $465,000

121 NE 5th Street #401B

Studio · 1 ba · 447 sq ft

Asking price cut 5.6% on March 30, from $465,000.

265 days on marketCondominium
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Listing courtesy of Optimar International Realty. 305-947-0477

From the MLS

Bedrooms
Studio
Bathrooms
1
Living area
447 sq ft
Asking per square foot
$982
Year built
2025
Association fee
$563 monthly
ZIP code
33132
MLS number
A11961990

What the listing says

Investor-friendly turnkey studio at 501 First Residences—one of Downtown Miami’s newest buildings allowing legal daily rentals, ideal for Airbnb-style income strategies. Unit 401B offers 385 SF (36 m²) featuring an efficient open floor plan, floor-to-ceiling windows, and a private balcony designed to maximize guest appeal. Offered fully furnished with blinds and sofa bed, this residence includes private storage and is ready for immediate rental operation. Its flexible layout and low-maintenance design make it a strong option for investors seeking consistent short-term rental demand in a high-growth urban location. Enjoy access to modern amenities, fitness center, social lounges, and a central location steps from Miami Worldcenter, transit, entertainment, and cultural venues. A smart, income-producing opportunity in Miami’s evolving rental landscape.

Description supplied by Optimar International Realty.

Before you offer on this one

The asking price is the easy part. What decides a Miami condo purchase sits in the association’s budget, its reserve study, the last twelve months of board minutes and the milestone inspection — and in whether the declaration permits what you intend to do with it.

Stefania represents buyers. She does not hold this listing and has no stake in this one selling over any other, which is the position you want the person reading those documents to be in.

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