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…
Facts & features
- MLS ID
- A11961990
- Property type
- Condominium
- Neighborhood
- Miami
- Building
- 501 FIRST Residences
- Year built
- 2026
- Baths
- 1
- Interior
- 447 sq ft
- Price per sq ft
- $982
- HOA
- $563 per month
- Furnished
- Furnished
- Pets
- Yes — conditional
- Waterfront
- No
- Covered parking
- 0
- Floor
- 4
- Listed
- Feb 9, 2026
- Days on market
- 206
- Reduced from
- $465,000
- Financing accepted
- Cash, Conventional
- Exposure
- Faces south
- Listing conditions
- Listed as is
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
- Interior features
- Bedroom on main level, First floor entry, Main living area entry level, Shower only
- Exterior features
- Patio, Security high impact doors
- Flooring
- Ceramic tile
- Pool
- Association
- Security
- Door man, Elevator secured, Lobby secured
- Heating
- Central
- Cooling
- Central air
- HOA covers
- Amenities, Cable TV, Hot water, Internet, Water
Schools
Zoned public schools by county attendance boundary. Boundaries change — confirm enrollment eligibility with the school district before relying on this. Letter grades and School of Excellence designations are the Florida Department of Education’s, each for the year shown beside it.
- Elementary
- Douglass, Frederick ElementaryB2025-26Florida Department of Education school grade B, 2025-26 school year
- Middle
- de Diego, Jose MiddleB2025-26Florida Department of Education school grade B, 2025-26 school year
- High
- Washington, Booker T. Senior HighB2025-26Florida Department of Education school grade B, 2025-26 school year
Location
121 NE 5th Street 401B
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