501 FIRST RESIDENCES

121 NE 5 ST # 709, Miami FL 33132

1 baths · 402 ft²

Pending

$2,100

16.00%

Est. Payment $11/mo

MLS Sheet Video

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.

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

August 2026

100/100
Buyers marketSellers market

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).

8/14/2026Pending sale$2,100
4/27/2026Price change$2,100-16.0%
2/16/2026Listed 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

121 NE 5 ST # 709, Miami FL 33132Directions

Affordability

What you'd typically need to qualify for this rental under the standard 30% rule.

$7,000

gross income / month to qualify

Monthly rent$2,100
Required annual income$84,000
Security deposit (est.)$2,100
Move-in cost (1st + last + security)$6,300

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.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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Updated 7 hours ago

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