Condominium
121 NE 5th St # 1602
121 NE 5th St # 1602, Miami FL 33132 Get directions
$574,900
1 Bed · 2 Baths · 544 SqFt
See estimated monthly costThis listing is courtesy of EXP Realty LLC. Darnie Labrozzi
Overview
The ultimate passive-income powerhouse in the heart of Downtown Miami at 501 First Residences! Unit 1602 is a fabulous, fully finished, and designer-furnished 1-bed + den, 2-bath luxury sanctuary optimizing 659 total sq. ft. (597 interior + private balcony). Delivering complete rental freedom with ZERO rental restrictions, you can host daily on platforms like Airbnb from day one. The interior sparkles with 9-foot ceilings, floor-to-ceiling glass, an urban balcony with stunning downtown city vistas, custom Italian cabinetry, and integrated premium Smeg appliances. The multi-functional den and full second bathroom provide unmatched guest flexibility to maximize daily booking rates! Indulge in 20,000+ sq. ft. of elite rooftop amenities: a 75-foot heated lap pool, hot hydrotherapy bath, outdoor movie theatre, world-class HOMAGE Fitness center, and co-working spaces. UNBEATABLE TRANSIT-ORIENTED LOCATION: Steps away from Miami Worldcenter’s retail mega-district, blocks from world-class concerts and Heat games at the Kaseya Center, and a short walk to Bayside Marketplace and MiamiCentral Brightline Station. Capitalize on Miami's booming hospitality market with this premier real estate asset!
Facts & features
Interior
- Living area (sq ft)
- 544
- Full bathrooms
- 2
- Other
Building & exterior
- Year built
- 2025
- Garage spaces
- 1
- Covered spaces
- 1
- Other View
- Open Balcony
- 1 Space
HOA (homeowners association)
- Association fee
- $890 per month
- Pets allowed
- Yes
- Exercise Room
- Heated Pool
- Other
- Pool
- Daily Rentals Allowed
Taxes
- Annual tax
- $0
- Tax year
- 2025
- Parcel number
- 01-41-01-008-0810
Listing
- MLS number
- A12108736
- Property type
- Condominium
- Price per SqFt
- $1,057
- Subdivision
- 501 FIRST RESIDENCES CONDO
- On market since
- Oct 19, 2026
- Days on market
- 2
Estimated monthly cost
$4,228 per month
- Principal & interest (30 yr)
- $2,907
- Property tax
- $0
- Insurance (estimated)
- $431
- Association fee
- $890
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- New World School of the Arts
- School For Advanced Studies Wolfson
- Law Enforcement Officers Memorial Senior High
- Downtown Miami Charter School
- RJW The Academy of Arts Sciences
- School Board Adm - Main Building
- Anna Brenner Meyers Telecommunication Complex
- K-12 Distance Learning
- Frederick Douglass Elementary
- Miami-Dade Online Academy
- iPrep Academy
- Primary Learning Center
- School Board Adm -Garage
- Chapman Partnership Early Childhood Center North
- Key Point Academy Downtown
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