10 photos
For SaleCondominium

121 NE 5th Street 3200, Miami, FL 33132

Miami, FL, 33132

$468,000

Listing courtesy of MAK Realty Group

0 bd · 1 ba · 412 sq ft

131 days on market Updated Oct 27, 2026

0

Bedrooms

1

Bathrooms

412

Square feet

2025

Year built

$1,136

$ / sq ft

About 121 NE 5th Street 3200, Miami, FL 33132

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.

Property

Property Type

Condominium

Status

for-sale

Price

$468000

Interior

Bedrooms

0

Bathrooms

1

Square Feet

412 sq ft

Exterior & Lot

Year Built

2025

Finance & HOA

Price / sq ft

$1136

Original List Price

$468000

Property Details

Property

On marketJun 17, 2026
Property typeResidential
Home typeCondominium
Living area412 sq ft
List dateJun 17, 2026
Contract status change dateJul 7, 2026

Interior

CoolingCentral Air
HeatingCentral
FlooringCeramic Tile
CoolingYes
HeatingYes
AppliancesDryer, Dishwasher, Microwave, Other, Refrigerator, Washer
Rooms0
Pets allowedYes
Stories40
Interior featuresElevator, Closet Cabinetry
SecuritySmoke Detector(s), Security System, Elevator Secure, Lobby - Attended

Exterior & Lot

ViewWater, Bay
Entry level1
Garage spaces0
WaterfrontNo
Carport spaces0
Covered spaces0
ParkingValet
Exterior featuresBarbecue
ConstructionBlock

Finance, Tax & HOA

Tax year2026
PossessionClose Of Escrow
HOAYes
HOA fee$589
Annual taxes$0
Original list price$468,000
Tax legal description501 FIRST RESIDENCES CONDO UNIT 3200 UNDIV 0.16997% IN
Association amenitiesClubhouse, Elevator(s), Fitness Center, Picnic Area, Pool, Spa/Hot Tub, Trash Chute, Business Center, Heated Pool, Lobby, Maintenance
HOA fee includesInternet, Sewer, Trash, Water, Hot Water
HOA frequencyMonthly

Price & status history

Status: For SaleJun 18, 2026
Last change (New listing)Jun 18, 2026

Location

High schoolBooker T. Washington
MLS area2410
Subdivision501 FIRST RESIDENCES
Elementary schoolFrederick Douglass
Middle schoolJose De Diego

Additional Information

Listing termsCash
Occupant typeCall Listing Agent
Parcel number0141010080200
Approval statusYes
Direction facesEast
Other equipmentOther
Senior communityNo
Delayed marketingNo
Restrictions_co_restrictionsNo Restrictions

Tours & Media

Virtual tours

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Frequently asked questions

How many bedrooms does this home have?+

This home has 0 bedrooms.

How many bathrooms does this home have?+

This home has 1 bathroom.

How big is this home?+

This home offers about 412 square feet of living space.

How much does this home cost?+

This home is listed at $468000.

What type of property is this?+

This is a condominium listing.

When was this home built?+

This home was built in 2025.

Where is this home located?+

This home is located in Miami, FL.

What is the price per square foot?+

The price works out to about $1136 per square foot.

Contact about this property

L

Lily

Mutti Real Estate

FL Lic. #3214903

Listing office contact: 917-714-7168

MLS# A12039927 · Last updated Oct 27, 2026