121 NE 5th St # 3706, Miami FL 33132 | Miami-Dade County | A12050437
  • $605,000

Description

DEVELOPER UNIT! 1 Bedroom / 1.5 Bathrooms | 561 SF | South-Facing

Exceptional opportunity to own a brand-new, fully furnished residence in the heart of Downtown Miami. Thoughtfully designed with premium finishes throughout and move-in ready, this residence offers outstanding investment potential.

One of the few residences in the area with no rental restrictions, allowing short-term rentals. Ideally located in the vibrant Miami Worldcenter district.

The residence features floor-to-ceiling impact-resistant glass, a private balcony, Italian cabinetry, high-end appliances, and designer furnishings included in the sale.

Residents enjoy over 20,000 square feet of resort-style amenities, including a rooftop pool, hydrotherapy spa, HOMAGE fitness center, yoga studio, entertainment lounges, coworking spaces, a chef’s kitchen, and much more.

Easy to show.

Property Overview

This 1-bedroom, 1.5-bathroom residence at 501 First Residences is a developer unit, fully furnished and move-in ready. Located at 121 NE 5th St #3706 in downtown Miami, the unit spans 561 square feet and is part of a new construction building set to open in 2025. It features floor-to-ceiling impact-resistant glass, a private balcony, Italian cabinetry, high-end appliances, and designer furnishings, making it ready for immediate use or investment. Offering a rare advantage in the area, this unit has no rental restrictions, allowing it to be used for short-term rentals. The home is situated in the Miami Worldcenter district, a vibrant hub with easy access to restaurants, entertainment, and major transit options. The building is designed with modern finishes and layout efficiency, balancing comfort with practicality for both residents and renters. Residents have access to over 20,000 square feet of amenities, including a rooftop pool, hydrotherapy spa, HOMAGE fitness center, yoga studio, entertainment lounges, and a chef’s kitchen. The building is part of a larger mixed-use development, combining convenience with a resort-style living experience. This unit is priced at $605,000 and is currently easy to show. For more information or to schedule a visit, call 305-859-4733.

Frequently Asked Questions

What type of property is 121 NE 5th St # 3706?

It is a 1-bedroom, 1.5-bathroom condo unit in the 501 First Residences building.

How much does the unit cost?

The unit is listed for sale at $605,000.

Are there any HOA fees?

No, the unit has no HOA fees.

What makes this unit unique compared to others in the area?

This unit has no rental restrictions, allowing short-term rentals, and it includes designer furnishings, Italian cabinetry, and high-end appliances.

What kind of amenities are available in the building?

Residents have access to over 20,000 square feet of amenities, including a rooftop pool, HOMAGE fitness center, yoga studio, entertainment lounges, coworking spaces, and a chef's kitchen.

When is the building expected to be completed?

The building is scheduled to be completed in 2025.

Monthly Fees & Carrying Costs

Association Fee $827 / month
Total Monthly Fees $827 / month
  • Membership Required: No

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  • Address: 5th St
  • City: Miami
  • Zip/Postal Code: 33132

Details

Updated on July 10, 2026 at 12:41 am
  • Property ID A12050437
  • Price $605,000
  • Property Size 544 Sq Ft
  • Bedroom 1
  • Room 0
  • Bathrooms 1.5
  • Year Built 2025
  • Property Status Active, Residential

Additional details

  • Flooring Other
  • 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 No
  • Listing Terms All Cash, Conventional, FHA
  • Waterfront No
  • Full Bathrooms 1
  • Subdivision 501 First Residences
  • Total Stories 40
  • Restrictions Other Restrictions
  • Maintenance Includes All Amenities, Common Area, Elevator, Manager, Other Maintenance Includes, Security
  • Amenities Barbecue, Business Center, Clubhouse-Clubroom, Community Room, Exercise Room, Other, Pool
  • Parking Other, Valet
  • Heating Other
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2025
  • Construction Other
  • Building Area 544
  • Covered Spaces 0
  • Unit Floor 37
  • View Other View
  • Year Built Details New Construction
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 3706
  • Half Bathrooms 1
  • New Construction Yes
  • Garage Spaces 0
  • Style Condo 5+ Stories
  • Association Fee 827
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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