121 NE 5 ST # 3112, Miami FL 33132 | Miami-Dade County | A12000487
- $850,000
- $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
Frequently Asked Questions
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Monthly Fees & Carrying Costs
| Association Fee | $1,240 / month |
| Total Monthly Fees | $1,240 / month |
- Membership Required: No
- Application Fee: $150 (one-time)
Address
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Address: 5 ST
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City: Miami
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State/county: Miami-Dade County
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Zip/Postal Code: 33132
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Area: 501 FIRST RESIDENCES CONDO
Details
Updated on June 18, 2026 at 7:37 am-
Property ID A12000487
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Price $850,000
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Property Size 757 Sq Ft
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Bedrooms 2
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Room 0
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Bathrooms 2
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Garage 1
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Year Built 2025
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Ceramic Floor
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Bedroom Features Entry Level
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Cooling Electric
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Association Type Condo
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Building 501 FIRST
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Association Fee Frequency Monthly
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Area 501 First Residences Condo
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Annual Tax 0
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Association Yes
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront No
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Full Bathrooms 2
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Subdivision 501 FIRST RESIDENCES CONDO
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Total Stories 40
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Restrictions Ok To Lease, Okay To Lease 1st Year
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Maintenance Includes All Amenities, Building Exterior, Common Area, Security
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Amenities Business Center, Exercise Room, Pool
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Parking Valet
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Heating Electric
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2025
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Construction CBS Construction
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Covered Spaces 1
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Unit Floor 31
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View Ocean View, Water View
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Year Built Details New Construction
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Pets Allowed Yes
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Attached Yes
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Unit Number 3112
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Patio / Porch Open Balcony
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New Construction Yes
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Garage Spaces 1
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Style Condo 5+ Stories
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Association Fee 1240
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
Mortgage Calculator
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Down Payment
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Property Tax
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PMI
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Monthly HOA Fees