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Miami/501 First Residences Miami/121 NE 5th Street 2101

$995,000
121 NE 5th Street 2101, Miami, FL 33132
Miami, FL 33132
At 501 First Residences Miami  →
2
Beds
2
Baths
835
Sq Ft
$1,192
/ Sq Ft

About this condo

Rare 2 Bed / 2 Bath at 501 First Residences, Downtown Miami's premier new tower. Perched on the 21st floor with a SE-facing balcony, this residence offers 760 sq ft per county records, with the developer's floor plan reflecting 835 sq ft interior + 180 sq ft balcony for 1,015 sq ft of total living area.Open-concept layout with floor-to-ceiling impact windows, custom Italian kitchen cabinetry, premium appliances, and in-unit washer/dryer. Primary bedroom features a full en-suite bath; second bedroom and additional full bath offer ideal flexibility for guests, roommates, or maximizing rental income. No rental restrictions — Airbnb allowed from day one. Delivered fully furnished and move-in ready.Enjoy 20,000+ sq ft of amenities: rooftop pool, hot tub, fitness center, 24/7 valet, co-working spaces, pet lounge, and media room — without condo-hotel restrictions.Steps from Miami Worldcenter, Brightline, Kaseya Center, and world-class dining. Minutes to Brickell, Wynwood, and MIA.The SE exposure frames iconic views of Biscayne Bay, PortMiami, and the Downtown skyline — among the most photogenic in the building. Unit is brand new and never occupied, offering true first-owner condition. With Downtown Miami's continued growth, strong short-term rental demand, and no income restrictions, this is a rare asset that works equally well as a primary residence, second home, or income-producing investment.

The facts

Price
$995,000
Price / Sq Ft
$1,192
Bedrooms
2
Bathrooms
2
Interior
835 sq ft
Residence
#2101
Type
Condominium
Year Built
2026
Building
501 First Residences Miami
Stories
40
HOA
$1,244 / mo
Garage
1 spaces
Flooring
Tile
Days on Market
111
MLS #
A11998848

Building amenities

  • Business Center
  • Clubhouse
  • Community Kitchen
  • Elevators
  • Fitness Center
  • Maintenance Grounds
  • Other
  • Picnic Area
  • Pool
  • Spa Hot Tub
BeachesMLS

Listing courtesy of FL Prime LLC · TomasnFurman@Gmail.com. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc.