501 FIRST RESIDENCES CONDO

121 NE 5th St # 2401, Miami FL 33132

2 beds · 2 baths · 760 ft²

For Sale · Active Listing

$1,050,000

Est. Payment $5,589/mo

MLS Sheet Video

Bedrooms

Bathrooms

760

Sq. Ft.

2025

Year Built

Stories

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.: $1,382/ft²
Price per sq. mt.: $14,789/m²
Stories: 40
Garage: —
Pool: —
Days on Market: 1 day
Listed: Jun 8, 2026
Last Updated: Jun 9, 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

100/100

Buyers marketSellers market

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).

6/8/2026

Listed 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

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

Dalton Learning Center Inc.
KG,1,2,3,4,5 · private · 1.1 mi
Ivy League Preschool Academy
KG,1,2,3,4,5,6,7,8 · private · 1.1 mi
Windmill Point Elementary School
PK,KG,1,2,3,4,5 · public · 1.6 mi
Oak Hammock K-8 School
PK,KG,1,2,3,4,5,6,7,8 · public · 1.7 mi
Treasure Coast High School
9,10,11,12 · public · 2.0 mi
Westport Private School
1,2,3,4,5,6,7,8,9,10,11,12 · private · 2.1 mi
Fau/Slcsd Palm Pointe Educational Research School @ Tradition
KG,1,2,3,4,5,6,7,8 · charter · 2.6 mi
St. Lucie West K-8 School
KG,1,2,3,4,5,6,7,8 · public · 2.9 mi
Manatee Academy K-8
KG,1,2,3,4,5,6,7,8 · public · 3.0 mi
St. Lucie West Centennial High School
PK,9,10,11,12 · public · 3.1 mi

Estimated Monthly Payment

$6,614/mo

Principal & Interest

$5,589

Property Tax

$875

Insurance

$150

HOA

Down Payment20% ($210,000)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$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

Sales Associate | Sunland Group

(954) 604-3276 info@rangelyadames.com

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