Condo Listing
Leased · May 2026501 FIRST Residences · #807
$2,950
Last list price $2,950
121 NE 5th Street #807, Miami, FL, 33132 · Downtown Miami

121 NE 5th Street #807, Miami, FL, 33132 · Downtown Miami

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Unit 807 Studio Turnkey investment opportunity at 501 First Residences, a modern Downtown Miami building Unit 807 is a well-designed studio residence offering 447 SF (42 m²) with an efficient open layout, floor-to-ceiling impact windows, and a private balcony providing natural light and urban city ambiance. Delivered fully furnished with blinds and sofa bed, this unit is ready for immediate rental income. The residence also includes a storage provided by the association, adding additional convenience and flexibility for owners and guests. 501 First Residences offers resort-style amenities, co-working spaces, fitness center, social lounges, and prime walkability to Miami Worldcenter, Brightline Station, Bayfront Park, dining, entertainment, and major transportation corridors. An ideal plug-and-play investment in one of Miami’s fastest-growing short-term rental markets.
Unit 807 has 2 MLS listing records since 2026: 1 for sale and 1 for rent.
Listed for rent at $2,950/mo
Leased for $2,950/mo on May 11, 2026
Listed for sale at $449,000 (originally $490,000)
View listing A11961922Source: MLS listing records. Dates and prices are as entered by listing brokerages.
501 FIRST Residences is a 40-story condominium tower at 501 NE 1st Avenue in Downtown Miami, developed by Aria Development Group with AQARAT. Revuelta Architecture International designed the building, Shim Projects created the interiors and Beauchamp Construction served as general contractor. The tower was conceived for the short-term rental market: at launch the developer marketed residences with no rental restrictions, allowing owners to list units on platforms such as Airbnb and Vrbo for stays as short as one night. Buyers should confirm the association's current rental rules before making an offer. Residences are studios, one-bedrooms and two-bedrooms ranging from about 385 to 835 square feet, delivered fully furnished. Announced finishes include custom Italian cabinetry and countertops, floor-to-ceiling glass, built-out closets, in-unit washers and dryers and private balconies. The site sits on the western edge of the Miami Worldcenter district, a short walk from Brightline's MiamiCentral station, Kaseya Center and the museums along Biscayne Boulevard. More than 20,000 square feet of indoor and outdoor amenities include a two-level rooftop with a 75-foot lap pool, a hydrotherapy bath and a movie theater, a HOMAGE-designed fitness center with yoga space and a sunrise terrace, a planted Greenhouse lounge, a club suite with a chef's kitchen and media room, coworking spaces, a pet lounge and secure bicycle storage. The lobby adds 24/7 valet, Luxer One package lockers and ground-floor food and beverage by GPG Hospitality. Construction is complete. The tower has received its certificate of occupancy, which Aria marked with a rooftop celebration in July 2026, and owner closings are now on record. Browse the current 501 FIRST Residences listings on this page to compare available furnished units and recent sale prices.
| Apt# | Model | Bed / Baths | Floors | Interior + Ext (Sq Ft) |
|---|---|---|---|---|
| 01, 12 | ADA | Unit 01 / 12 | ADA | 2 / 2 | 12 - 37 | 835 + 110 |
| 01A, 12B | Unit 01A / 12B | Studio / 1 | 3 - 11 | 475 + 75 |
| 01B, 12A | Unit 01B / 12A | Studio / 1 | 3 - 11 | 384 + 36 |
| 02, 10 | ADA | Unit 02 / 10 | ADA | 1 + Den / 2 | 3 - 37 | 597 + 62 |
| 03, 11 | ADA | Unit 03 / 11 | ADA | 1 + Den / 2 | 3 - 37 | 597 + 62 |
| 04, 09 | Unit 04 / 09 | Studio / 1 | 3 - 37 | 402 + 38 |
| 05 | Unit 05 | 1 / 1 | 3 - 37 | 551 + 68 |
| 06 | ADA | Unit 06 | ADA | 1 / 1.5 | 3 - 37 | 561 + 62 |
| 07 | Unit 07 | Studio / 1 | 3 - 37 | 443 + 39 |
| 08 | Unit 08 | ADA | 1 / 1 | 3 - 37 | 606 + 86 |
| 13 | Unit 13 | 1 / 1.5 | 12 - 37 | 582 + 63 |
Floor plans and unit details are subject to change. Contact us for the most current information.
121 NE 5th Street #807, Miami, FL, 33132