Condominium
121 NE 5th St # 2211
121 NE 5th St # 2211, Miami FL 33132 Get directions
$585,000
1 Bed · 2 Baths · 659 SqFt
See estimated monthly costThis listing is courtesy of Potential Property Group. Carolina Preciado info@ppgmiami.com
Overview
Turn Key Brand new 1 Bedroom + Den, 2 full baths at 501 First Residences, Miami’s newest short-term-rental–friendly tower in the heart of Downtown. This modern residence features an open layout, floor-to-ceiling impact windows, a sleek European kitchen with premium appliances, and a spacious den that functions as a second sleeping area or office. The private balcony offers city views and abundant natural light. Enjoy resort-style amenities including a rooftop pool with panoramic skyline views, state-of-the-art fitness center, coworking spaces, social lounges, and 24/7 concierge. STR/Airbnb allowed from day one, making it ideal for investors seeking high occupancy and strong returns. Unbeatable location: steps from MiamiCentral Brightline Station, Miami Worldcenter, Bayside, Kaseya Center, museums, dining, and retail. Quick access to Brickell, Wynwood, Miami Beach, and MIA Airport. Move-in ready, fully flexible, and perfectly positioned for both living and investment.
Facts & features
Interior
- Living area (sq ft)
- 659
- Full bathrooms
- 2
- Elevator
- Entrance Foyer
- Den/Library/Office
- Family Room
- Florida Room
- Media Room
- Recreation Room
Building & exterior
- Year built
- 2026
- Pool
- Yes
- Other View
- Skyline
- Barbeque
- Open Balcony
- Valet
HOA (homeowners association)
- Association fee
- $893 per month
- Pets allowed
- Yes
- Bar
- Barbecue
- Business Center
- Clubhouse-Clubroom
- Laundry
- Community Room
- Elevator(s)
- Exercise Room
- Heated Pool
- Library
- Pool
- Private Pool
- Sauna
- Spa/Hot Tub
- Corporate Buyer OK
- Daily Rentals Allowed
- Ok To Lease
- Okay To Lease 1st Year
- Restrictions Or Possible Restrictions
Taxes
- Annual tax
- $0
- Tax year
- 2025
- Parcel number
- 01-01-06-020-1150
Listing
- MLS number
- A11985345
- Property type
- Condominium
- Price per SqFt
- $888
- Subdivision
- 501 First Residences
- On market since
- Apr 6, 2026
- Days on market
- 162
Price history
| Date | Event | Price | Change |
|---|---|---|---|
| Apr 6, 2026 | Listed | $630,888 | — |
| Sep 15, 2026 | Price change | $585,000 | −$10,000 (−1.7%) |
Milestones recorded on this listing. Not a complete MLS price history.
Estimated monthly cost
$4,290 per month
- Principal & interest (30 yr)
- $2,958
- Property tax
- $0
- Insurance (estimated)
- $439
- Association fee
- $893
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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One World Properties
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