501 First Residences

121 NE 5th St # 1608, Miami FL 33143

1 beds · 1 baths · 606 ft²

For Sale · Active Listing

$575,000

11.40%

Est. Payment $3,060/mo

MLS Sheet Video

1

Bedrooms

1

Bathrooms

606

Sq. Ft.

2025

Year Built

40

Stories

150

Days on Market

Description

Newly delivered 1BR/1BA corner residence at 501 Residences, offered fully furnished and turnkey, including linens, towels, dishes, and household essentials, making it ideal for immediate rental or move-in. This light-filled unit features northeast exposure with balcony views toward Biscayne Bay. Located just one block from Miami Worldcenter, 501 Residences offers a distinct advantage in Downtown Miami with no hotel component, providing a more residential, less transient environment than nearby condo-hotel buildings. Residents enjoy a full suite of amenities, including a 75’ rooftop pool with spa and cold plunge, private dining room with kitchen, TV lounge, co-working lounge, Sunrise and Sunset terraces, The Green House, Sunset Theatre, summer kitchen, bicycle storage, and additional storage. Enjoy modern design, quality finishes, and a prime location surrounded by dining, entertainment, transit, and cultural destinations. Perfect as a primary residence, pied-à-terre, or investment opportunity in one of Downtown Miami’s most desirable areas.

Facts

MLS#
A11954365
Subdivision
501 First Residences
Property Type
Residential
Property Sub Type
Condominium
Year Built
2025
Lot Size
0 sqft
Sq. Ft.
606 ft²
Sq. Mt.
56 m²
Price per sq. ft.
$949/ft²
Price per sq. mt.
$10,268/m²
Stories
40
Garage
Pool
Days on Market
150 days
Listed
Feb 3, 2026
Last Updated
Jul 3, 2026
Price/Lot Sq.Ft.

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

July 2026

100/100
Buyers marketSellers market

40

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

7/3/2026Price change$575,000-11.4%
2/3/2026Listed for sale$649,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

121 NE 5th St # 1608, Miami FL 33143Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$3,690/mo

Principal & Interest

$3,060

Property Tax

$479

Insurance

$150

HOA

$0

20% ($115,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

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