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

$449,000was $490,000

121 NE 5th Street #807

Studio · 1 ba · 447 sq ft

Asking price cut 8.4% on March 31, from $490,000.

264 days on marketCondominium
121 NE 5th Street #807, photograph 1 of 27121 NE 5th Street #807, photograph 2 of 27121 NE 5th Street #807, photograph 3 of 27121 NE 5th Street #807, photograph 4 of 27121 NE 5th Street #807, photograph 5 of 27121 NE 5th Street #807, photograph 6 of 27121 NE 5th Street #807, photograph 7 of 27121 NE 5th Street #807, photograph 8 of 27121 NE 5th Street #807, photograph 9 of 27121 NE 5th Street #807, photograph 10 of 27121 NE 5th Street #807, photograph 11 of 27121 NE 5th Street #807, photograph 12 of 27121 NE 5th Street #807, photograph 13 of 27121 NE 5th Street #807, photograph 14 of 27121 NE 5th Street #807, photograph 15 of 27121 NE 5th Street #807, photograph 16 of 27121 NE 5th Street #807, photograph 17 of 27121 NE 5th Street #807, photograph 18 of 27121 NE 5th Street #807, photograph 19 of 27121 NE 5th Street #807, photograph 20 of 27121 NE 5th Street #807, photograph 21 of 27121 NE 5th Street #807, photograph 22 of 27121 NE 5th Street #807, photograph 23 of 27121 NE 5th Street #807, photograph 24 of 27121 NE 5th Street #807, photograph 25 of 27121 NE 5th Street #807, photograph 26 of 27121 NE 5th Street #807, photograph 27 of 27

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
$1,004
Year built
2025
Association fee
$657 monthly
ZIP code
33132
MLS number
A11961922

What the listing says

Unit 807 Studio Turnkey investment opportunity at 501 First Residences, a modern Downtown Miami building allowing daily rentals with no minimum restrictions—ideal for short-term rental investors. Unit 807 is a well-designed studio residence offering 447 SF (42 m²) with an efficient open layout, floor-to-ceiling impact windows, and a private balcony providing natural light and urban city ambiance. Delivered fully furnished with blinds and sofa bed, this unit is ready for immediate rental income. The residence also includes a storage provided by the association, adding additional convenience and flexibility for owners and guests. 501 First Residences offers resort-style amenities, co-working spaces, fitness center, social lounges, and prime walkability to Miami Worldcenter, Brightline Station, Bayfront Park, dining, entertainment, and major transportation corridors. An ideal plug-and-play investment in one of Miami’s fastest-growing short-term rental markets.

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.

Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited, is a violation of the terms of use, and may violate federal and state law.

Work with Stefania

Or tell her what you are actually looking for

One listing is a data point. If you say what the place is for, she will come back with the buildings that fit and the ones to avoid.

CallTextWhatsAppMessage