501 First
121 NE 5th st # 3400, Miami FL 33132
1 baths · 456 ft²
1
Bathrooms
456
Sq. Ft.
2026
Year Built
1
Garage
40
Stories
75
Days on Market
Description
Stunning high-floor residence on the 34th floor at 501 First Residences, offering breathtaking direct east-facing water views of Biscayne Bay. This beautifully designed unit comes fully furnished and completely turn-key, ideal for both personal use and investment. Approved for short-term rentals and currently professionally managed by a short-term rental company, the property offers excellent income potential from day one. Floor-to-ceiling windows fill the space with natural light and showcase spectacular bay views, while modern finishes and a private balcony enhance the living experience. Residents enjoy resort-style amenities and a prime location in the heart of Miami, just moments from dining, entertainment, and waterfront attractions.
Facts
- MLS#
- A11978516
- Subdivision
- 501 First
- Property Type
- Residential
- Property Sub Type
- Condominium
- Year Built
- 2026
- Lot Size
- 0 sqft
- Sq. Ft.
- 456 ft²
- Sq. Mt.
- 42 m²
- Price per sq. ft.
- $1,094/ft²
- Price per sq. mt.
- $11,881/m²
- Stories
- 40
- Garage
- 1 spaces
- Pool
- —
- Days on Market
- 75 days
- Listed
- Mar 7, 2026
- Last Updated
- May 21, 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
May 2026
59
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).
| 4/16/2026 | Price change | $499,000-5.0% |
| 3/7/2026 | Listed for sale | $525,000 |
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.
Ruth K. Broad Bay Harbor K-8 CenterPK,KG,1,2,3,4,5,6,7,8 · public · 1.0 mi
MAST@FIU9,10,11,12 · public · 1.4 mi
Mater Academy Miami BeachKG,1,2,3,4,5,6,7,8 · charter · 1.7 mi
St. Joseph's SchoolPK,KG,1,2,3,4,5,6,7,8 · private · 1.7 mi
David Lawrence Jr. K-8 CenterPK,KG,1,2,3,4,5,6,7,8 · public · 1.9 mi
Amikids Miami-Dade North6,7,8,9,10,11,12 · public · 1.9 mi
Beth Moshe CongregationPK,KG · private · 2.0 mi
Temple Beth Moshe PreschoolPK,TK,KG,1 · private · 2.0 mi
Lanaar Elementary School1,2 · private · 2.0 mi
Alonzo And Tracy Mourning Senior High Biscayne Bay Campus9,10,11,12 · public · 2.1 mi
Estimated Monthly Payment
$3,222/mo
Principal & Interest
$2,656
Property Tax
$416
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 2 hours ago
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