32
  • Type
  • Condominium
  • 2
  • Bedrooms
  • 2
  • Bathrooms
  • 1
  • Garage
  • 757 Sq Ft
  • Area Size
121 NE 5 ST # 3112, Miami FL 33132 | Miami-Dade County | A12000487
  • $850,000

Description

This stunning unit located at 501 First Residences in the heart of Downtown Miami offers an exceptional opportunity for both investors and end users. The residence features a sleek contemporary design with high-quality finishes, floor-to-ceiling windows, and open city views, along with beautiful water views of Biscayne Bay that provide abundant natural light. The building allows short-term rentals with no restrictions, making it ideal for generating income through platforms like Airbnb or traditional leasing. The unit offers an efficient layout, a fully equipped kitchen, and bright, comfortable living spaces, along with access to top-tier amenities. Residents enjoy a resort-style pool, fitness center, social areas, and 24/7 security, all within close proximity to Brickell, Miami World Center, public transportation, shopping, and dining. Perfect as a primary residence, vacation home, or high-performing investment property in one of Miami’s fastest-growing neighborhoods.

Property Overview

This 2-bedroom, 2-bathroom condo at 501 First Residences is located at 121 NE 5 ST # 3112 in Miami, FL 33132. Built in 2025, the unit offers 757 square feet of living space and is listed for sale at $850,000. The building is designed with modern finishes and features floor-to-ceiling windows that provide open city and water views of Biscayne Bay. The unit includes a fully equipped kitchen and an efficient layout that makes the most of the space. HOA fees are $1,240, and residents have access to building amenities such as a resort-style pool, fitness center, and social areas. The property is located in a convenient part of Downtown Miami, close to Brickell, Miami World Center, public transit, dining, and shopping. Short-term rentals are allowed with no restrictions, making this unit a strong option for income-generating use or traditional long-term rental. The building also offers 24/7 security, and is part of the 501 FIRST RESIDENCES CONDO subdivision. For more information or to discuss availability, call 305-859-4733.

Frequently Asked Questions

What are the dimensions of the unit in square feet?

The unit has a living area of 757 square feet.

How many bedrooms and bathrooms does the unit have?

The unit features 2 bedrooms and 2 full bathrooms.

What is the HOA fee for this unit?

The HOA fee for this unit is $1,240.

Is short-term rental allowed in the building?

Yes, the building allows short-term rentals with no restrictions.

What amenities are available to residents?

Residents have access to a resort-style pool, fitness center, social areas, and 24/7 security.

What is the price of the unit?

The unit is listed for sale at $850,000.

Monthly Fees & Carrying Costs

Association Fee $1,240 / month
Total Monthly Fees $1,240 / month
  • Membership Required: No
  • Application Fee: $150 (one-time)
  • Address: 5 ST
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33132
  • Area: 501 FIRST RESIDENCES CONDO

Details

Updated on June 18, 2026 at 7:37 am
  • Property ID A12000487
  • Price $850,000
  • Property Size 757 Sq Ft
  • Bedrooms 2
  • Room 0
  • Bathrooms 2
  • Garage 1
  • Year Built 2025
  • Type Condominium
  • Property Status Active, Residential

Additional details

  • Flooring Ceramic Floor
  • Bedroom Features Entry Level
  • Cooling Electric
  • Association Type Condo
  • Building 501 FIRST
  • Association Fee Frequency Monthly
  • Area 501 First Residences Condo
  • Annual Tax 0
  • Association Yes
  • Private Pool No
  • Listing Terms All Cash, Conventional
  • Waterfront No
  • Full Bathrooms 2
  • Subdivision 501 FIRST RESIDENCES CONDO
  • Total Stories 40
  • Restrictions Ok To Lease, Okay To Lease 1st Year
  • Maintenance Includes All Amenities, Building Exterior, Common Area, Security
  • Amenities Business Center, Exercise Room, Pool
  • Parking Valet
  • Heating Electric
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2025
  • Construction CBS Construction
  • Covered Spaces 1
  • Unit Floor 31
  • View Ocean View, Water View
  • Year Built Details New Construction
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 3112
  • Patio / Porch Open Balcony
  • New Construction Yes
  • Garage Spaces 1
  • Style Condo 5+ Stories
  • Association Fee 1240
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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Christopher Lazaro

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