121 NE 5th St # 2211, Miami FL 33132 | Miami-Dade County | A11985345
  • $595,000

Description

Turn Key Brand new 1 Bedroom + Den, 2 full baths at 501 First Residences, Miami’s newest short-term-rental–friendly tower in the heart of Downtown. This modern residence features an open layout, floor-to-ceiling impact windows, a sleek European kitchen with premium appliances, and a spacious den that functions as a second sleeping area or office. The private balcony offers city views and abundant natural light.
Enjoy resort-style amenities including a rooftop pool with panoramic skyline views, state-of-the-art fitness center, coworking spaces, social lounges, and 24/7 concierge. STR/Airbnb allowed from day one, making it ideal for investors seeking high occupancy and strong returns.
Unbeatable location: steps from MiamiCentral Brightline Station, Miami Worldcenter, Bayside, Kaseya Center, museums, dining, and retail. Quick access to Brickell, Wynwood, Miami Beach, and MIA Airport.
Move-in ready, fully flexible, and perfectly positioned for both living and investment.

Property Overview

This one-bedroom, two-full-bathroom condo at 501 First Residences is part of a brand-new development set to open in 2026. The 659-square-foot unit features an open-concept layout with floor-to-ceiling impact windows, allowing for plenty of natural light and unobstructed city views from the private balcony. The den can serve as a second sleeping area or a home office, offering added flexibility. The European kitchen is equipped with premium appliances, and the unit is move-in ready for immediate occupancy or use as a short-term rental. The building offers a full range of resort-style amenities, including a rooftop pool with skyline views, a state-of-the-art fitness center, coworking spaces, social lounges, and 24/7 concierge service. Units are STR/Airbnb approved from day one, which makes this a solid option for investors looking for high occupancy potential in a prime location. The HOA fee is $893 per month, covering building maintenance and access to shared facilities. Located at 121 NE 5th Street, the unit is in the heart of Downtown Miami, just steps from MiamiCentral Brightline Station, Miami Worldcenter, Bayside Marketplace, and the Kaseya Center. It’s also close to museums, dining, and retail, with easy access to Brickell, Wynwood, Miami Beach, and Miami International Airport. The condo is listed for sale at $630,888 and is part of the 501 First Residences development, which is designed for both residential and investment use. For more information, call 305-859-4733.

Frequently Asked Questions

Is this unit available for short-term rentals?

Yes, short-term rentals including Airbnb are allowed from day one at 501 First Residences.

How many bedrooms and bathrooms does the unit have?

The unit has 1 bedroom and 2 full bathrooms, with an additional den that can function as a second sleeping area or office.

What amenities are available in the building?

Amenities include a rooftop pool with skyline views, a state-of-the-art fitness center, coworking spaces, social lounges, and 24/7 concierge service.

What is the monthly HOA fee?

The monthly HOA fee is $893.

Is the unit move-in ready?

Yes, the unit is brand new and move-in ready with a modern, open layout, floor-to-ceiling impact windows, and a sleek European kitchen with premium appliances.

Where is the building located?

501 First Residences is located in Downtown Miami, at 121 NE 5th St #2211, with convenient access to MiamiCentral Brightline Station, Bayside, Kaseya Center, and major highways.

Monthly Fees & Carrying Costs

Association Fee $893 / month
Total Monthly Fees $893 / month
  • Membership Required: No
  • Application Fee: $150 (one-time)
  • Address: 5th St
  • City: Miami
  • Zip/Postal Code: 33132

Details

Updated on July 2, 2026 at 9:44 am
  • Property ID A11985345
  • Price $595,000
  • Property Size 659 Sq Ft
  • Bedroom 1
  • Room 0
  • Bathrooms 2
  • Year Built 2026
  • Property Status Active, Residential

Additional details

  • Flooring Ceramic Floor
  • Bedroom Features Other
  • Cooling Central Air
  • Association Type Condo
  • Building 501 First Residences
  • Association Fee Frequency Monthly
  • Area 501 First Residences
  • Annual Tax 0
  • Association Yes
  • Private Pool Yes
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Full Bathrooms 2
  • Subdivision 501 First Residences
  • Total Stories 40
  • Restrictions Corporate Buyer OK, Daily Rentals Allowed, Ok To Lease, Okay To Lease 1st Year
  • Parking Valet
  • Heating Central
  • Structure Type Co-Op 5+ Stories, Condo
  • Tax Year 2025
  • Construction Concrete Block With Brick
  • Covered Spaces 0
  • Unit Floor 22
  • View Other View, Skyline
  • Year Built Details New Construction
  • Pets Allowed Yes
  • Unit Number 2211
  • Patio / Porch Open Balcony
  • New Construction Yes
  • Garage Spaces 0
  • Style Co-Op 5+ Stories
  • Association Fee 893
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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Christopher Lazaro

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