501 First Residences

121 NE 5th St # 2411, Miami FL 33132

1 beds · 2 baths · 597 ft²

For Sale · Active Listing

$594,900

8.46%

Est. Payment $3,166/mo

MLS Sheet Video

1

Bedrooms

2

Bathrooms

597

Sq. Ft.

2026

Year Built

40

Stories

101

Days on Market

Description

We just reduced the Price 55K for a quick sale, call your investors! Modern 1 Bed + Den condominium located in the heart of Downtown Miami, with exceptional views and prime positioning within the building. This unit is one of the few in the area featuring no rental restrictions, making it ideal for short-term or long-term rental income or personal use with maximum flexibility. Delivered fully furnished in a brand-new building, the residence has never been occupied, presenting a true turnkey opportunity for the next owner. Residents enjoy incredible, top-of-the-line amenities designed to elevate the lifestyle experience, including resort-style common areas and premium building features that support both comfort and strong rental demand. With the best location and one of the most desirable views in the building, the smart layout maximizes space and functionality. Situated steps from top dining, entertainment, shopping, and transit, this property represents a rare opportunity to own in a high-demand urban market with strong investment upside. Seller financing available.

Facts

MLS#
A11975772
Subdivision
501 First Residences
Property Type
Residential
Property Sub Type
Condominium
Year Built
2026
Lot Size
0 sqft
Sq. Ft.
597 ft²
Sq. Mt.
55 m²
Price per sq. ft.
$996/ft²
Price per sq. mt.
$10,816/m²
Stories
40
Garage
Pool
Days on Market
101 days
Listed
Mar 3, 2026
Last Updated
Jun 12, 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

38

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).

6/12/2026Price change$594,900-8.5%
3/3/2026Listed for sale$649,900

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 # 2411, Miami FL 33132Directions

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

$3,812/mo

Principal & Interest

$3,166

Property Tax

$496

Insurance

$150

HOA

$0

20% ($118,980)
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

Hablo Español

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