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.

Address

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Address: 5th ST
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33132
Area: 501 First Residences

Details

Updated on April 17, 2026 at 2:39 am

Property ID A11998848
Price $995,000
Property Size 835 Square Feet
Bedrooms 2
Bathrooms 2
Garage 1
Year Built 2026
Type Condominium
Property Status Residential

Additional details

ArchitecturalStyle High Rise
AssociationAmenities Barbecue, Business Center, Community Room, Elevator(s), Exercise Room, Heated Pool, Kitchen Facilities, Other, Pool, Private Pool, Spa/Hot Tub
AssociationFee 1244
AssociationFeeFrequency Monthly
BathroomsFull 2
BuildingAreaSource Developer
BuildingAreaUnits Square Feet
BuildingName 501 First Residences
ContractStatusChangeDate 2026-04-10
Cooling Central Air
CoveredSpaces 1
DaysOnMarket 6
DoorFeatures High Impact Doors
EntryLevel 21
ExpirationDate 2026-07-31
Flooring Tile
Furnished Furnished
Heating Central
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-232-3640
ListingTerms All Cash, Conventional, FHA
LotSizeSquareFeet 0
MLSAreaMajor 501 First Residences
MajorChangeTimestamp April 10, 2026 at 06:56pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp April 16, 2026 at 06:01pm
OnMarketDate 2026-04-10
OriginalEntryTimestamp April 10, 2026 at 06:56pm
OriginalListPrice 995000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherEquipment Elevator
OtherExpense 0
ParcelNumber 01-41-01-008-0520
ParkingFeatures Valet
PatioAndPorchFeatures Open Balcony, Open Porch
PetsAllowed Dogs OK
PhotosChangeTimestamp April 10, 2026 at 07:43pm
PhotosCount 35
Possession Negotiable
PriceChangeTimestamp April 10, 2026 at 06:56pm
PropertyCondition New Construction
PublicSurveyRange 41
PublicSurveySection 6
PublicSurveyTownship 41
RoomsTotal 0
SecurityFeatures Fire Sprinklers, Fire Alarm, Smoke Detector, Card Entry, Guard At Site, Lobby Secured, Security Patrol, TV Camera
ShowingInstructions 24 Hour Notice, See Broker Remarks, Showing Assist
SourceSystemKey 452683120
StateOrProvince FL
StatusChangeTimestamp April 10, 2026 at 06:56pm
StoriesTotal 40
StreetDirPrefix NE
StreetName 5th ST
StreetNumber 121
StreetNumberNumeric 121
StructureType Condo 5+ Stories, Condo
SyndicationRemarks 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.
TaxAnnualAmount 0
TaxLegalDescription 501 FIRST RESIDENCES CONDO UNIT 2101 OFF REC 35067-4463
TaxYear 2025
UnitNumber 2101
View Bay, Skyline, Water View
WindowFeatures Complete Impact Glass
YearBuiltDetails New Construction