Property photo
Property photo
Property photo
Property photo
Property photo
$995,000

121 NE 5th ST # 2101, Miami FL 33132, Miami, FL 33132

MLS # A11998848
Condominium
Property type
2
Beds
2
Full Baths
835
SqFt
187
Days on Market

Key details

Price per SQFT
$1,191.62
HOA Fees
$1,244
Year built
2,026
Annual Tax
$0
Subdivision
501 First Residences
Pets allowed
Dogs OK

Property Description

Rare 2 Bed / 2 Bath at 501 First Residences, Downtown Miami's premier new tower. Perched on the 21st floor with a SE-facing balcony, this residence offers 760 sq ft per county records, with the developer's floor plan reflecting 835 sq ft interior + 180 sq ft balcony for 1,015 sq ft of total living area.

Open-concept layout with floor-to-ceiling impact windows, custom Italian kitchen cabinetry, premium appliances, and in-unit washer/dryer. Primary bedroom features a full en-suite bath; second bedroom and additional full bath offer ideal flexibility for guests, roommates, or maximizing rental income. No rental restrictions — Airbnb allowed from day one. Delivered fully furnished and move-in ready.
Enjoy 20,000+ sq ft of amenities: rooftop pool, hot tub, fitness center, 24/7 valet, co-working spaces, pet lounge, and media room — without condo-hotel restrictions.

Steps from Miami Worldcenter, Brightline, Kaseya Center, and world-class dining. Minutes to Brickell, Wynwood, and MIA.

The SE exposure frames iconic views of Biscayne Bay, PortMiami, and the Downtown skyline — among the most photogenic in the building. Unit is brand new and never occupied, offering true first-owner condition. With Downtown Miami's continued growth, strong short-term rental demand, and no income restrictions, this is a rare asset that works equally well as a primary residence, second home, or income-producing investment.

Interior

Flooring
Tile
Interior features
Closet Cabinetry, Fire Sprinklers
Appliance
Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Free-Standing Freezer

Exterior

Exterior feature
Barbeque, Open Balcony
Garage
Yes
Garage spaces
1
Pool
Yes
View
Bay, Skyline, Water View

Amenities

Amenities available
Barbecue, Business Center, Community Room, Elevator(s), Exercise Room, Heated Pool, Kitchen Facilities, Other, Pool, Private Pool, Spa/Hot Tub

Location