501 First Residences
121 NE 5th St # 2411, Miami FL 33132
1 beds · 2 baths · 597 ft²
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.
- —
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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
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).
| 6/12/2026 | Price change | $594,900-8.5% |
| 3/3/2026 | Listed 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
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Kendale Lakes Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.4 mi
Us International Christian Academy9,10,11,12 · private · 0.6 mi
Miami Baptist PreschoolPK,KG · private · 0.7 mi
Kidsville Learning CenterPK,TK,KG,1,2,3,4,5,6 · private · 0.7 mi
Happy Memories Learning Center Corp.PK,KG · private · 0.9 mi
Pinecrest Academy (South Campus)KG,1,2,3,4,5 · charter · 0.9 mi
Claude Pepper Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.9 mi
Great Heights Academy Inc.KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.9 mi
Happy Memories Learning Center CorporationPK,TK,KG,1,2 · private · 0.9 mi
Happy Memories Learning Center CorporationPK,1,2,3,4 · private · 0.9 mi
Estimated Monthly Payment
$3,812/mo
Principal & Interest
$3,166
Property Tax
$496
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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