121 NE 5th St # 2411, Miami FL 33132 | Miami-Dade County | A11975772
  • $594,900

Description

We just reduced the Price 55K for a quick sale, call your investors! Modern 1 Bed + Den condominium located in the heart of Downtown Miami, with exceptional views and prime positioning within the building. This unit is one of the few in the area featuring no rental restrictions, making it ideal for short-term or long-term rental income or personal use with maximum flexibility. Delivered fully furnished in a brand-new building, the residence has never been occupied, presenting a true turnkey opportunity for the next owner. Residents enjoy incredible, top-of-the-line amenities designed to elevate the lifestyle experience, including resort-style common areas and premium building features that support both comfort and strong rental demand. With the best location and one of the most desirable views in the building, the smart layout maximizes space and functionality. Situated steps from top dining, entertainment, shopping, and transit, this property represents a rare opportunity to own in a high-demand urban market with strong investment upside. Seller financing available.

Property Overview

This modern one-bedroom plus den condominium is part of the brand-new 501 First Residences in downtown Miami. Located on the 24th floor, the unit is part of a building set to be completed in 2026 and is delivered fully furnished, having never been occupied. Offering 597 square feet of living space, the layout is designed to maximize space and functionality, with a focus on urban convenience and comfort. The residence features no rental restrictions, making it a flexible option for short-term or long-term use, whether as an investment or a primary residence. Located at 121 NE 5th St, it’s ideally situated for proximity to top dining, shopping, entertainment, and transit options. Residents have access to top-tier amenities and resort-style common areas, which support both lifestyle and rental appeal. The building offers exceptional views and is part of a high-demand urban market. With an HOA fee of $890 and a purchase price of $649,900, this is a turnkey opportunity in a new development with strong growth potential. For more details or to discuss availability, call 305-859-4733.

Frequently Asked Questions

Is this unit available for purchase, and what is the price?

Yes, this unit is currently for sale at a price of $649,900.

How many bedrooms and bathrooms does this unit have?

This unit is a 1-bedroom, 2-full-bathroom condominium.

What are the monthly HOA fees?

The monthly HOA fee for this unit is $890.

Is this unit in a new building, and when was it constructed?

Yes, this unit is in a brand-new building that was constructed in 2026.

Are there rental restrictions for this unit?

No, this unit has no rental restrictions, making it suitable for both short-term and long-term rental use.

What kind of amenities are available in the building?

Residents have access to top-of-the-line amenities, including resort-style common areas and premium building features designed to support comfort and strong rental demand.

Monthly Fees & Carrying Costs

Association Fee $890 / month
Total Monthly Fees $890 / month
  • Membership Required: No
  • Application Fee: $150 (one-time)
  • Address: 5th St
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33132
  • Area: 501 First Residences

Details

Updated on June 24, 2026 at 11:38 pm
  • Property ID A11975772
  • Price $594,900
  • Property Size 597 Sq Ft
  • Bedroom 1
  • Room 0
  • Bathrooms 2
  • Garage 0
  • Year Built 2026
  • Type Condominium
  • Property Status Active, Residential

Additional details

  • Flooring Tile
  • 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
  • Waterfront No
  • Full Bathrooms 2
  • Subdivision 501 First Residences
  • Total Stories 40
  • Restrictions Daily Rentals Allowed, No Restrictions
  • Parking 1 Space, Valet
  • Heating Central
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2026
  • Construction CBS Construction
  • Building Area 659
  • Covered Spaces 0
  • Unit Floor 24
  • View Bay, Skyline
  • Year Built Details New Construction
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 2411
  • Patio / Porch Deck
  • New Construction Yes
  • Garage Spaces 0
  • Style Condo 5+ Stories
  • Association Fee 890
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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Christopher Lazaro

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