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$355,000

121 5th St #1909, Miami, FL 33132

Baths
1
Living area
359 ft²
Price per ft²
$989 / ft²
Type
Condo
Year built
2025
HOA
$589 / mo HOA
On market
6 days on market
MLS #
A12105289

Experience sophisticated urban living at 501 First Residences, a newly built luxury tower in the heart of Downtown Miami. This beautifully appointed and professionally decorated studio offers striking Manhattan-style skyline views from its private balcony, creating a true metropolitan atmosphere. Featuring contemporary finishes, a fully equipped kitchen, an in-unit washer and dryer, and a thoughtfully designed living space. Enjoy resort-style amenities including a spectacular rooftop pool, fitness center, hot tub, cold plunge, rooftop cinema, and resident lounges. Currently operating as a successful Airbnb short-term rental generating strong income, with the flexibility of nightly rentals. An exceptional turnkey investment opportunity! Inquire for annual rental income details.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $989. The median for recorded sales in the same ZIP codes is $838/ft² — putting it 18% above the median.
  • Position in the area’s price distributionThe asking price is $355,000; the median of recorded sales in the area is $525,000 (1,796 sales). On raw price that is 32% below the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $589 per month comes to $7,068 a year — 2.0% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33128, 33131, 33132 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$106,500
Term

7.4% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced October 15, 2026.

Estimated monthly payment$1,721
Loan amount
$248,500
Total interest over the term
$370,903
Total repaid
$619,403

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Rich Homes of Florida

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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