Home›121 NE 5th Street 3200

Residential in Miami

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 Highlights

View

  • Water
  • Bay

Cooling

  • Central Air

Heating

  • Central

Flooring

  • Ceramic Tile

Amenities

  • Business Center
  • Clubhouse
  • Elevator(s)
  • Fitness Center
  • Heated Pool
  • Lobby
  • Picnic Area
  • Pool
  • Spa/Hot Tub
  • Trash Chute

Appliances

  • Dishwasher
  • Dryer
  • Microwave
  • Refrigerator
  • Washer
  • Other

Possession

  • Close Of Escrow

Water View

  • Bay

Restrictions

  • No Restrictions

Listing Terms

  • Cash

Other Equipment

  • Other

ParkingFeatures

  • Valet

Pets Allowed YN

  • Yes

Tax Information

  • Agricultural Exemption
  • New Construction

Association Type

  • Condominium

ExteriorFeatures

  • Barbecue

InteriorFeatures

  • Closet Cabinetry
  • Elevator

Parking Features

  • Valet

SecurityFeatures

  • Elevator Secure
  • Lobby - Attended
  • Security System
  • Smoke Detector(s)

Unit Description

  • Interior Hallway
  • Studio
  • High Rise

Exterior Features

  • Barbecue

Interior Features

  • Closet Cabinetry
  • Elevator

Security Features

  • Elevator Secure
  • Lobby - Attended
  • Security System
  • Smoke Detector(s)

Master BedroomBath

  • Bedroom On Entry Level
  • Separate Shower

AssociationAmenities

  • Maintenance
  • Pool
  • Business Center
  • Clubhouse
  • Elevator(s)
  • Fitness Center
  • Heated Pool
  • Lobby
  • Picnic Area
  • Spa/Hot Tub
  • Trash Chute

Showing Requirements

  • 24 Hour Notice
  • Call Listing Agent

Association Amenities

  • Maintenance

Construction Materials

  • Block

Application Information

  • No Approvals

Association Fee Includes

  • Hot Water
  • Internet
  • Sewer
  • Trash
  • Water

Leasing Permitted Details

  • Short Term Rentals Allowed

Leasing

  • Minimum lease: 1 day
  • Leases per year: 365

Property Details

Property TypeResidential
StyleCondominium
Year Built2025
CountyMiami-Dade
Subdivision501 FIRST RESIDENCES
Living Area412 sq ft
Bedrooms0
Baths1
Half Baths0
Unit Number3200
HOA Fee$589 / Monthly
HOA IncludesHot Water, Internet, Sewer, Trash, Water
Annual Tax$0 (2026)
Special AssessmentNo
Pets AllowedYes
Listing OfficeMAK Realty Group
Listing AgentSergey Rybak
Office Phone917-714-7168

121 NE 5th Street 3200, Miami, FL 33132