How much is 121 NE 5th Street 401B?

121 NE 5th Street 401B is listed at $439,000, which is about $982 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.

What are the association fees at 121 NE 5th Street 401B?

The listing reports an association fee of $563 per month. Confirm what the fee covers, the reserve funding and any pending special assessments before you make an offer; for a condo, ask for the milestone inspection report as well.

When was 121 NE 5th Street 401B built?

121 NE 5th Street 401B was built in 2025 and the listing describes its condition as new construction. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.

How long has 121 NE 5th Street 401B been on the market?

121 NE 5th Street 401B has been listed for 251 days, and the asking price has been reduced from $465,000. Days on market and price changes are the first signals of how much room there is to negotiate.

Which schools serve 121 NE 5th Street 401B?

The MLS lists Frederick Douglass (elementary), Jose De Diego (middle), Booker T. Washington (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.

How do I see 121 NE 5th Street 401B?

Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

121 NE 5th Street 401B, Miami, FL 33132

$439,000 · Active

0 beds
1 bath
447 sq ft
Condominium
Built 2025
New Construction
HOA $563/mo
Miami-Dade County
MLS# A11961990
501 First Residences

Photo 1 at 121 NE 5th Street 401B, Miami

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Photo 8 at 121 NE 5th Street 401B, Miami

About this home

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.

Schools

Elementary: Frederick Douglass
Middle: Jose De Diego
High: Booker T. Washington

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Optimar International Realty · cristina@optimar.com · Listing agent: Ginna Rojas

All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 121 NE 5th Street 401B.

Questions About 121 NE 5th Street 401B

How much is 121 NE 5th Street 401B?: 121 NE 5th Street 401B is listed at $439,000, which is about $982 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the association fees at 121 NE 5th Street 401B?: The listing reports an association fee of $563 per month. Confirm what the fee covers, the reserve funding and any pending special assessments before you make an offer; for a condo, ask for the milestone inspection report as well.
When was 121 NE 5th Street 401B built?: 121 NE 5th Street 401B was built in 2025 and the listing describes its condition as new construction. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 121 NE 5th Street 401B been on the market?: 121 NE 5th Street 401B has been listed for 251 days, and the asking price has been reduced from $465,000. Days on market and price changes are the first signals of how much room there is to negotiate.
Which schools serve 121 NE 5th Street 401B?: The MLS lists Frederick Douglass (elementary), Jose De Diego (middle), Booker T. Washington (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
How do I see 121 NE 5th Street 401B?: Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

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The 2 bedroom condo at 133 NE 2nd Avenue 512, Miami, FL 33132 is comparable and listed for sale at $420,000. Another comparable condo, 275 NE 18th Street 1705, Miami, FL 33132, sold for $398,000 in October 2026. Other Miami neighborhoods include Calusa and Kendale Lakes. Nearby ZIP codes include 33125 and 33126. This property also neighbors Brickell, Miami Beach, and Coconut Grove. Compare it with the Miami housing market report.