Description

Stunning high-floor residence on the 34th floor at 501 First Residences, offering breathtaking direct east-facing water views of Biscayne Bay. This beautifully designed unit comes fully furnished and completely turn-key, ideal for both personal use and investment. Approved for short-term rentals and currently professionally managed by a short-term rental company, the property offers excellent income potential from day one. Floor-to-ceiling windows fill the space with natural light and showcase spectacular bay views, while modern finishes and a private balcony enhance the living experience. Residents enjoy resort-style amenities and a prime location in the heart of Miami, just moments from dining, entertainment, and waterfront attractions.

Address

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Address: 5th st
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33132
Area: 501 First

Details

Updated on April 17, 2026 at 3:09 am

Property ID A11978516
Price $499,000
Property Size 456 Square Feet
Bedroom 0
Bathroom 1
Garage 1
Year Built 2026
Type Condominium
Property Status Residential

Additional details

ArchitecturalStyle High Rise
AssociationAmenities Barbecue, Bike Storage, Business Center, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Pool, Trash Chute
AssociationFee 674
AssociationFeeFrequency Monthly
BathroomsFull 1
BuildingAreaSource Developer
BuildingAreaUnits Square Feet
BuildingName 501 first residences
ConstructionMaterials Concrete Block Construction, CBS Construction
ContractStatusChangeDate 2026-03-07
Cooling Central Air
CoveredSpaces 1
DaysOnMarket 40
Directions From I-95 S, take Exit 3B (NW 8th St) to Downtown, go east, turn right on NW 3rd Ct, then left on NE 5th St. Building located at 121 NE 5th St.
DoorFeatures High Impact Doors
EntryLevel 34
ExpirationDate 2027-03-04
Flooring Ceramic Floor
Furnished Furnished, Turn Key Furnished
Heating Central
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 954-594-6915
ListingTerms All Cash, Conventional
LotSizeSquareFeet 0
MLSAreaMajor 501 First
MajorChangeTimestamp April 16, 2026 at 10:05pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp April 16, 2026 at 10:05pm
OnMarketDate 2026-03-07
OriginalEntryTimestamp March 7, 2026 at 03:13pm
OriginalListPrice 525000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherEquipment Elevator
OtherExpense 0
Ownership Limited Partnership
ParcelNumber 01-41-01-008-0220
ParkingFeatures 1 Space, Guest, Valet
PatioAndPorchFeatures Open Balcony
PetsAllowed Restrictions Or Possible Restrictions
PhotosChangeTimestamp March 7, 2026 at 03:23pm
PhotosCount 24
PreviousListPrice 525000
PriceChangeTimestamp April 16, 2026 at 10:05pm
PropertyCondition New Construction
PublicSurveyRange 0
PublicSurveySection 8
PublicSurveyTownship 0
RoomsTotal 0
SecurityFeatures Smoke Detector, Doorman, Elevator Secure, Lobby Secured
ShowingContactType Agent
ShowingInstructions 24 Hour Notice, Appointment Only, Call Listing Agent
SourceSystemKey 438637340
StateOrProvince FL
StatusChangeTimestamp March 7, 2026 at 03:13pm
StoriesTotal 40
StreetDirPrefix NE
StreetName 5th st
StreetNumber 121
StreetNumberNumeric 121
StructureType Condo 5+ Stories, Condo
SyndicationRemarks Stunning high-floor residence on the 34th floor at 501 First Residences, offering breathtaking direct east-facing water views of Biscayne Bay. This beautifully designed unit comes fully furnished and completely turn-key, ideal for both personal use and investment. Approved for short-term rentals and currently professionally managed by a short-term rental company, the property offers excellent income potential from day one. Floor-to-ceiling windows fill the space with natural light and showcase spectacular bay views, while modern finishes and a private balcony enhance the living experience. Residents enjoy resort-style amenities and a prime location in the heart of Miami, just moments from dining, entertainment, and waterfront attractions.
TaxAnnualAmount 0
TaxLegalDescription 501 First Residences condominium book 35067 page 4463
TaxYear 2026
UnitNumber 3400
View Bay, Ocean View, Water View
WindowFeatures Blinds
YearBuiltDetails New Construction