501 First Residences
121 NE 5th St # 1608, Miami FL 33143
1 beds · 1 baths · 606 ft²
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.
- —
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Market insights for Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
July 2026
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).
| 7/3/2026 | Price change | $575,000-11.4% |
| 2/3/2026 | Listed 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
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Kids Learning Center of South Dade III3,4,5,6,7,8 · private · 0.5 mi
Pine Lake Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.6 mi
Children's Hour Day SchoolPK,KG · private · 0.7 mi
Robert Russa Moton Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.7 mi
Revelation School of Florida8,9,10,11,12,UG · private · 0.7 mi
Richmond Perrine Optimist6,7,8,9,10,11,12 · public · 0.7 mi
New Testament Church Little Angels AcademyPK,KG,1 · private · 0.7 mi
Dade Prep Academy Inc.8,9,10,11,12,UG · private · 0.8 mi
Beyond Expectations AcademyKG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.8 mi
VIP Christian AcademyPK,TK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.8 mi
Estimated Monthly Payment
$3,690/mo
Principal & Interest
$3,060
Property Tax
$479
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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