501 First Residences
121 NE 5th ST # 2101, Miami FL 33132
2 beds · 2 baths · 835 ft²
$995,000
Est. Payment $5,296/mo
2
Bedrooms
2
Bathrooms
835
Sq. Ft.
2026
Year Built
1
Garage
40
Stories
59
Days on Market
Description
Rare 2 Bed / 2 Bath at 501 First Residences, Downtown Miami's premier new tower. Perched on the 21st floor with a SE-facing balcony, this residence offers 760 sq ft per county records, with the developer's floor plan reflecting 835 sq ft interior + 180 sq ft balcony for 1,015 sq ft of total living area. Open-concept layout with floor-to-ceiling impact windows, custom Italian kitchen cabinetry, premium appliances, and in-unit washer/dryer. Primary bedroom features a full en-suite bath; second bedroom and additional full bath offer ideal flexibility for guests, roommates, or maximizing rental income. No rental restrictions — Airbnb allowed from day one. Delivered fully furnished and move-in ready. Enjoy 20,000+ sq ft of amenities: rooftop pool, hot tub, fitness center, 24/7 valet, co-working spaces, pet lounge, and media room — without condo-hotel restrictions. Steps from Miami Worldcenter, Brightline, Kaseya Center, and world-class dining. Minutes to Brickell, Wynwood, and MIA. The SE exposure frames iconic views of Biscayne Bay, PortMiami, and the Downtown skyline — among the most photogenic in the building. Unit is brand new and never occupied, offering true first-owner condition. With Downtown Miami's continued growth, strong short-term rental demand, and no income restrictions, this is a rare asset that works equally well as a primary residence, second home, or income-producing investment.
Facts
- MLS#
- A11998848
- Subdivision
- 501 First Residences
- Property Type
- Residential
- Property Sub Type
- Condominium
- Year Built
- 2026
- Lot Size
- 0 sqft
- Sq. Ft.
- 835 ft²
- Sq. Mt.
- 78 m²
- Price per sq. ft.
- $1,192/ft²
- Price per sq. mt.
- $12,756/m²
- Stories
- 40
- Garage
- 1 spaces
- Pool
- Private
- Days on Market
- 59 days
- Listed
- Apr 10, 2026
- Last Updated
- Jun 8, 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
June 2026
35
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).
| 4/10/2026 | Listed for sale | $995,000 |
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.
Treasure Island Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.2 mi
Lehrman Community Day SchoolKG,1,2,3,4,5 · private · 0.4 mi
Stars Learning CenterKG,1,2 · private · 0.6 mi
Stars Learning Day Care CenterPK,TK,KG,1 · private · 0.6 mi
Kid's Choice Learning CenterPK,TK,KG,1 · private · 1.3 mi
Holy Spirit Church & Inst / Miami Beach AcademyPK,KG,1 · private · 1.3 mi
Le Petit Papillon Montessori SchoolPK,TK,KG,1,2,3,4,5 · private · 1.4 mi
Gan KatanPK,KG,1,2,3,4 · private · 1.6 mi
Biscayne Elementary SchoolPK,KG,1,2,3,4,5 · public · 1.7 mi
Happy Kids Private SchoolKG,1,2 · private · 1.8 mi
Estimated Monthly Payment
$6,275/mo
Principal & Interest
$5,296
Property Tax
$829
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 8 hours ago
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