23
  • Type
  • Condominium
  • 1
  • Bedroom
  • 1.5
  • Bathrooms
  • 0
  • Garage
  • 591 Sq Ft
  • Area Size
121 NE 5th Street # 1913, Miami FL 33132 | Miami-Dade County | A11955147
  • $595,000

Description

Experience luxury urban living at 501 First Residences, a brand-new 40-story condominium in Downtown Miami with no rental restrictions and exceptional income potential in the vibrant heart of Downtown Miami. This fully furnished 591 SqFt 1 Bed / 1 ½ Bath east-facing residence features expansive skyline and bay views, overlooking Downtown Miami landmarks including the Freedom Tower, PortMiami, and Biscayne Bay. Modern design, floor-to-ceiling windows, private balcony,custom Italian cabinetry and in-unit washer/dryer. Located just steps from Miami Worldcenter, dining, entertainment, transit, and cultural destinations, 501 Residences redefines downtown lifestyle with over 20,000 sq. ft. of resort-style amenities including 24/7 valet, rooftop pool, fitness center, co-working spaces, pet lounge, private club suite, media room, and more. A turn-key opportunity in Miami’s most dynamic urban core. Ideal for full-time living or income-generating investment

Property Overview

This 591-square-foot, one-bedroom, one-and-a-half-bathroom residence is part of the brand-new 40-story 501 First Residences condominium in Downtown Miami. The unit is fully furnished and features an east-facing layout with expansive views of the skyline and Biscayne Bay, including landmarks like the Freedom Tower and PortMiami. The design includes floor-to-ceiling windows, a private balcony, and custom Italian cabinetry. The interior offers modern finishes and functional living with in-unit washer and dryer. The building has no rental restrictions, making it well-suited for either full-time living or as an income-generating investment. Residents enjoy a private balcony with direct views of the city and bay. Located at 121 NE 5th Street, Unit 1913 is in the heart of Downtown Miami, just steps from Miami Worldcenter, dining, entertainment, and transit options. The building includes over 20,000 square feet of resort-style amenities such as a rooftop pool, 24/7 valet, fitness center, co-working spaces, a pet lounge, and more. HOA fees are $870 per month.

Frequently Asked Questions

What are the size and layout of this 501 First Residences unit?

This unit is a 1-bedroom, 1 ½-bathroom residence with a living area of 591 square feet. It has a modern design, floor-to-ceiling windows, a private balcony, and an east-facing orientation that offers skyline and bay views.

What is the total price of the unit and the estimated monthly HOA fee?

The unit is listed for $595,000. The estimated monthly HOA fee is $870.

What amenities are available at 501 First Residences?

The building includes over 20,000 square feet of amenities such as a rooftop pool, fitness center, co-working spaces, pet lounge, private club suite, media room, and 24/7 valet service.

Where is 501 First Residences located, and what is the address?

It is located in Downtown Miami at 121 NE 5th Street, Unit 1913, Miami, FL 33132. The unit offers views of landmarks like the Freedom Tower, PortMiami, and Biscayne Bay.

What are the potential uses for this unit?

This fully furnished unit is ideal for full-time living or as an income-generating investment. The building allows for no rental restrictions, offering flexibility for the owner.

What design features are included in the unit?

The unit features modern design, custom Italian cabinetry, in-unit washer/dryer, floor-to-ceiling windows, and a private balcony for outdoor space.

Monthly Fees & Carrying Costs

Association Fee $870 / month
Total Monthly Fees $870 / month
  • Membership Required: No
  • Application Fee: $150 (one-time)

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

Details

Updated on July 26, 2026 at 3:39 pm
  • Property ID A11955147
  • Price $595,000
  • Property Size 591 Sq Ft
  • Bedroom 1
  • Room 0
  • Bathrooms 1.5
  • Garage 0
  • Year Built 2025
  • Type Condominium
  • Property Status Active, Residential

Additional details

  • Flooring Tile
  • Bedroom Features At Least 1 Bedroom Ground Level, Primary Bath Shower, Primary Bath Tub
  • Cooling Electric
  • Association Type Homeowners
  • 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 Daily Rentals Allowed
  • Parking 1 Space, Other, Valet
  • Heating Electric
  • Structure Type Condo 5+ Stories, Condo
  • Tax Year 2025
  • Covered Spaces 0
  • Unit Floor 19
  • View Bay, Skyline, Water View
  • Year Built Details Under Construction
  • Pets Allowed Yes
  • Attached Yes
  • Unit Number 1913
  • Half Bathrooms 1
  • Patio / Porch Open Balcony
  • New Construction No
  • Garage Spaces 0
  • Style Condo 5+ Stories
  • Association Fee 870
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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