This listing is no longer active

The MLS feed no longer includes this property — it may have sold, gone under contract, or been withdrawn. Last seen on September 2, 2026. The details below are the last snapshot we captured. Contact Rangely for a similar property or current status.

501 FIRST RESIDENCES CONDO

121 NE 5th St # 2401, Miami FL 33132

2 beds · 2 baths · 760 ft²

For Sale · Active Listing

$970,000

7.62%

Est. Payment $5,163/mo

MLS Sheet Video

2

Bedrooms

2

Bathrooms

760

Sq. Ft.

2025

Year Built

1

Garage

40

Stories

79

Days on Market

Description

Exceptional investment opportunity at 501 First Residences, a newly delivered luxury tower in the heart of Downtown Miami. This high-floor 2BR/2BA residence offers modern finishes, floor-to-ceiling impact glass, a private balcony with skyline views, and a turnkey layout ideal for income production. The building is designed for flexible short-term rentals, allowing daily or short stays, making it highly attractive for Airbnb -style income strategies. Strong demand from tourist, business travelers, and the Miami World center district supports consistent occupancy potential. Residents enjoy resort-style amenities including rooftop pool, fitness center, co-working spaces, concierge, and 24 hour security. Unbeatable location steps form Miami Worldcenter, Brightline, Kaseya Center, Bayfront Park, etc.

Facts

MLS#
A12033053
Subdivision
501 FIRST RESIDENCES CONDO
Property Type
Residential
Property Sub Type
Condominium
Year Built
2025
Lot Size
0 sqft
Sq. Ft.
760 ft²
Sq. Mt.
71 m²
Price per sq. ft.
$1,276/ft²
Price per sq. mt.
$13,662/m²
Stories
40
Garage
1 spaces
Pool
Days on Market
79 days
Listed
Jun 8, 2026
Last Updated
Aug 26, 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

September 2026

100/100
Buyers marketSellers market

61

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).

6/24/2026Price change$970,000-7.6%
6/8/2026Listed for sale$1,050,000

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 # 2401, Miami FL 33132Directions

Estimated Monthly Payment

$6,121/mo

Principal & Interest

$5,163

Property Tax

$808

Insurance

$150

HOA

$0

20% ($194,000)
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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