Condominium
121 NE 5th St # 2401
121 NE 5th St # 2401, Miami FL 33132 Get directions
$970,000
2 Beds · 2 Baths · 760 SqFt
See estimated monthly costThis listing is courtesy of BHHS EWM Realty. Marla Rivas
Overview
Exceptional investment opportunity at 501 First Residences, a newly delivered luxury tower in the heart of Downtown Miami. This high-floor 2BR/2BA residence offers modern finishes, floor-to-ceiling impact glass, a private balcony with skyline views, and a turnkey layout ideal for income production. The building is designed for flexible short-term rentals, allowing daily or short stays, making it highly attractive for Airbnb -style income strategies. Strong demand from tourist, business travelers, and the Miami World center district supports consistent occupancy potential. Residents enjoy resort-style amenities including rooftop pool, fitness center, co-working spaces, concierge, and 24 hour security. Unbeatable location steps form Miami Worldcenter, Brightline, Kaseya Center, Bayfront Park, etc.
Facts & features
Interior
- Living area (sq ft)
- 760
- Full bathrooms
- 2
- Lobby
- Elevator
Building & exterior
- Year built
- 2025
- Garage spaces
- 1
- Covered spaces
- 1
- Other View
- None
- Valet
- Limited # Of Vehicle
HOA (homeowners association)
- Association fee
- $1,224 per month
- Pets allowed
- No
- Elevator(s)
- Other
- Ok To Lease
- No
Taxes
- Annual tax
- $0
- Tax year
- 2025
- Parcel number
- 01-41-01-008-0550
Listing
- MLS number
- A12033053
- Property type
- Condominium
- Price per SqFt
- $1,276
- Subdivision
- 501 FIRST RESIDENCES CONDO
- On market since
- Jun 8, 2026
- Days on market
- 79
Estimated monthly cost
$6,856 per month
- Principal & interest (30 yr)
- $4,905
- Property tax
- $0
- Insurance (estimated)
- $728
- Association fee
- $1,224
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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