Cays Realty
121 NE 5th Steet 3313, Miami, FL 33132 — MLS photo

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121 NE 5th Steet 3313, Miami, FL 33132

Active · Condominium

$594,900

121 NE 5th Steet 3313, Miami, FL 33132

Beds
1
Baths
2
Living area
591 sq ft
$ / sq ft
$1,007/sq ft
Year built
2025
Lot size
—
HOA fee
$870 Monthly
Annual tax
$0

About this property

Elevated city living at 501 First Residences, a striking 40-story address in Downtown Miami with no rental restrictions and exceptional income potential. This fully furnished 591 sq ft one-bedroom, 1.5-bath east-facing residence captures sweeping skyline and bay views, including the iconic Freedom Tower, PortMiami, and Biscayne Bay. Floor-to-ceiling glass, a private balcony, refined finishes, Italian cabinetry, and in-unit washer/dryer define the interiors. Moments from Miami Worldcenter, dining, culture, and transit. Indulge in 20,000+ sq ft of curated amenities including rooftop pool, fitness center, co-working spaces, club suite, and 24/7 valet.

Property location

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121 NE 5th Steet 3313, Miami, FL 33132

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Facts & features

Interior

Bedrooms
1
Bathrooms
2
Living area
591 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Electric
Interior features
Built In Features, Bedroom On Main Level, Bathtub, Closet Cabinetry
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
2025
Stories
40
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Security High Impact Doors
Pool
Association, Heated
Waterfront
Bayfront
View
Bay, Skyline, Water

Parking

Garage spaces
0
Covered spaces
0
Parking features
Other, One Space, Valet

HOA, Community & Financials

Association fee
$870 Monthly
Fee inclusions
Association Management, Common Areas, Hot Water, Internet, Maintenance Grounds, Other, Parking, Pools, Recreation Facilities, Sewer, Security, Trash, Water
Amenities
Business Center, Cabana, Clubhouse, Fitness Center, Other, Pool, Sauna, Spa Hot Tub, Elevators
Security
Door Man, Lobby Secured, Fire Sprinkler System, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$0
Subdivision
501 FIRST RESIDENCES
County
Miami-Dade
Days on market
182
MLS listing ID
A12004132
Listing status
Active

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Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,607

Cap rate
2.4%
Net yield
2.4%
Cash-on-cash return
-11.6%
Gross yield
5.4%
Mortgage payment
$2,820/mo
Down payment
$148,725
Loan amount
$446,175
Annual NOI
$14,556

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.