New Listing
$450,000
 $2,416 est/mo Sourced by Back At You

121 NE 5th Street 3400,Miami, FL 33132

Miami, FL 33132

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Description

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, entertainment and waterfront attractions.

Details

MLS #A12118649
Listing TypeFor Sale
StyleCondominium
HOA Dues$589
Sub-TypeResale
StatusActive
Year2025
Days On Site1
Listing Provided ByThe Keyes Company | Valerie Garazi

Features

Bath(s) 1 Total
SQ Feet412
Garage1
PoolYes
Story(s)40
Property ViewYes

Parking

Garage Yes / NoYes
Parking FeaturesCovered, Valet

Taxes

Tax Annual Amount0

Area Information

StateFL
CountyMiami Dade
CityMiami
Zip Code33132
Area2410
Community Name501 First Residences
Listing VS Median (in 501 First Residences)
Price:
$450,000
low | high
Med:
$480,000
43.333333333333% of Average
sqft:
412
low | high
Med:
491
30.825242718447% of Average
$ / sqft:
$1,092
low | high
Med:
$985
59.855229625913% of Average
On site:
1
low | high
Med:
226
2% of Average
Sourced by Back At You

Market Activity 33132

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Learn More About This Property

StateFL
CountyMiami Dade
CityMiami
Zip Code33132
Area2410
Community Name501 First Residences
Listing VS Median (in 501 First Residences)
Price:
$450,000
low | high
Med:
$480,000
43.333333333333% of Average
sqft:
412
low | high
Med:
491
30.825242718447% of Average
$ / sqft:
$1,092
low | high
Med:
$985
59.855229625913% of Average
On site:
1
low | high
Med:
226
2% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $337K - $562K
sqft: 309 - 515
Listing Updated: November 5, 2026 at 7:13:01 PM PST