501 FIRST RESIDENCES
121 NE 5 ST # 709, Miami FL 33132
1 baths · 402 ft²
1
Bathrooms
402
Sq. Ft.
2026
Year Built
40
Stories
111
Days on Market
Description
FULL PRICE OFFERS ONLY- NO SHORT TERM RENTALS-UNIT ALSO FOR SALE, TENANT NEEDS TO COOPERATE WITH SHOWINGS- List price is based on a 1 year contract, minimum must be more than 6 months. Valet-only building - residents with vehicles must contract directly with the valet provider at an additional cost separate from the rent. Be the first to live in this impeccable, fully furnished studio at the newly completed 501 First Residences. This turn-key Unit #709 offers a sophisticated urban living experience with 402 SF of interior space and a private balcony featuring city views. The residence features floor-to-ceiling windows with integrated roller shades, wood-grain flooring, and a modern European-style kitchen. The living area is tastefully appointed with a charcoal grey sofa, white pedestal dining set, and a large smart TV, while the sleeping area offers a plush platform bed and custom built-in wardrobes. Convenience is key with an in-unit stacked washer/dryer and a spa-inspired bathroom with a rain shower and stone-style tiling. Residents enjoy over 20,000 SF of resort-style amenities across the top two floors ("Verde"), including a 75-foot lap pool, hot/cold hydrotherapy baths, a rooftop movie theater, and a world-class fitness center by HOMAGE. Additional perks include a co-working lounge, pet spa, valet parking at extra cost to tenant, and a ground-floor bistro.
Facts
- MLS#
- A11966114
- Subdivision
- 501 FIRST RESIDENCES
- Property Type
- Residential Lease
- Property Sub Type
- Condominium
- Year Built
- 2026
- Lot Size
- 0 sqft
- Sq. Ft.
- 402 ft²
- Sq. Mt.
- 37 m²
- Price per sq. ft.
- $5/ft²
- Price per sq. mt.
- $57/m²
- Stories
- 40
- Garage
- —
- Pool
- —
- Days on Market
- 111 days
- Listed
- Feb 16, 2026
- Last Updated
- Aug 14, 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
August 2026
51
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).
| 8/14/2026 | Pending sale | $2,100 |
| 4/27/2026 | Price change | $2,100-16.0% |
| 2/16/2026 | Listed for sale | $2,500 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
Affordability
What you'd typically need to qualify for this rental under the standard 30% rule.
$7,000
gross income / month to qualify
Based on the 30% rule (rent ≤ 30% of gross monthly income). Move-in estimate assumes first month + last month + one month security; landlord requirements vary.
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 7 hours ago
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