32
  • Type
  • Condominium
  • 1
  • Bedroom
  • 1
  • Bathroom
  • 0
  • Garage
  • 606 Sq Ft
  • Area Size
121 NE 5th St # 1608, Miami FL 33143 | Miami-Dade County | A11954365
  • $575,000

Description

Newly delivered 1BR/1BA corner residence at 501 Residences, offered fully furnished and turnkey, including linens, towels, dishes, and household essentials, making it ideal for immediate rental or move-in. This light-filled unit features northeast exposure with balcony views toward Biscayne Bay.

Located just one block from Miami Worldcenter, 501 Residences offers a distinct advantage in Downtown Miami with no hotel component, providing a more residential, less transient environment than nearby condo-hotel buildings.

Residents enjoy a full suite of amenities, including a 75’ rooftop pool with spa and cold plunge, private dining room with kitchen, TV lounge, co-working lounge, Sunrise and Sunset terraces, The Green House, Sunset Theatre, summer kitchen, bicycle storage, and additional storage. Enjoy modern design, quality finishes, and a prime location surrounded by dining, entertainment, transit, and cultural destinations. Perfect as a primary residence, pied-à-terre, or investment opportunity in one of Downtown Miami’s most desirable areas.

Property Overview

This one-bedroom, one-bathroom corner residence is part of the newly delivered 501 First Residences in downtown Miami. With 606 square feet of living space and a northeast exposure, the unit features a bright, open layout and a balcony offering views toward Biscayne Bay. The residence comes fully furnished with linens, towels, dishes, and household essentials, making it move-in ready for immediate occupancy or rental. Located at 121 NE 5th Street, 501 First Residences is a residential building just one block from Miami Worldcenter. Unlike condo-hotels, this building has no hotel component, offering a more consistent, quiet neighborhood feel. Residents enjoy access to a full range of amenities, including a 75-foot rooftop pool with spa and cold plunge, private dining areas, co-working spaces, and multiple outdoor terraces. The building's modern design and high-quality finishes are complemented by its prime downtown location, with dining, entertainment, and cultural attractions nearby. HOA fees are $877 per month. The property is currently listed for sale at $595,000 and is ideal as a primary residence, second home, or investment. For more details or to schedule a visit, call 305-859-4733.

Frequently Asked Questions

Is this unit currently available for purchase?

Yes, this 1-bedroom, 1-bathroom unit at 501 First Residences is currently listed for sale.

Is the unit furnished?

Yes, the unit is offered fully furnished and turnkey, including linens, towels, dishes, and household essentials.

What amenities are available at 501 First Residences?

Residents have access to a 75-foot rooftop pool with spa and cold plunge, private dining room, TV lounge, co-working space, terraces, The Green House, Sunset Theatre, summer kitchen, bicycle storage, and additional storage.

What are the monthly HOA fees?

The monthly HOA fee is $877.

Is the building located near public transportation or major attractions?

Yes, the building is one block from Miami Worldcenter and is situated in a prime downtown location with access to dining, entertainment, transit, and cultural destinations.

Monthly Fees & Carrying Costs

Association Fee $877 / month
Total Monthly Fees $877 / month
  • Membership Required: No
  • Application Fee: $100 (one-time)

Have a question about this Miami listing?

Talk directly with Christopher Lazaro, your Miami real estate advisor. No pressure — real answers.

  • Address: 5th St
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33143
  • Area: 501 First Residences

Details

Updated on July 7, 2026 at 2:50 am
  • Property ID A11954365
  • Price $575,000
  • Property Size 606 Sq Ft
  • Bedroom 1
  • Room 0
  • Bathroom 1
  • Garage 0
  • Year Built 2025
  • Type Condominium
  • Property Status Active, Residential

Additional details

  • Bedroom Features Entry Level
  • 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
  • Waterfront No
  • Full Bathrooms 1
  • Subdivision 501 First Residences
  • Total Stories 40
  • Restrictions See Broker Remarks
  • Maintenance Includes All Amenities, Building Exterior, Common Area, Elevator, Manager, Outside Maintenance, Pool Service, Trash Removal
  • Amenities Business Center, Clubhouse-Clubroom, Exercise Room, Storage, Trash Chute
  • Parking Other
  • Heating Central
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2025
  • Covered Spaces 0
  • Unit Floor 16
  • View Bay, Skyline
  • Year Built Details New Construction
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 1608
  • Patio / Porch Open Balcony
  • New Construction Yes
  • Garage Spaces 0
  • Style Condo 5+ Stories
  • Association Fee 877
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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