501 First Residences
121 NE 5th St # 3002, Miami FL 33132
1 beds · 2 baths · 597 ft²
$4,200
Est. Payment $22/mo
1
Bedrooms
2
Bathrooms
597
Sq. Ft.
2026
Year Built
40
Stories
2
Days on Market
Description
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. Brand-new building, 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.
Facts
- MLS#
- A12033971
- Subdivision
- 501 First Residences
- Property Type
- Residential Lease
- Property Sub Type
- Condominium
- Year Built
- 2026
- Lot Size
- 0 sqft
- Sq. Ft.
- 597 ft²
- Sq. Mt.
- 55 m²
- Price per sq. ft.
- $7/ft²
- Price per sq. mt.
- $76/m²
- Stories
- 40
- Garage
- —
- Pool
- —
- Days on Market
- 2 days
- Listed
- Jun 9, 2026
- Last Updated
- Jun 11, 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
August 2026
52
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).
| 6/9/2026 | Listed for sale | $4,200 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
Affordability
What you'd typically need to qualify for this rental under the standard 30% rule.
$14,000
gross income / month to qualify
Based on the 30% rule (rent ≤ 30% of gross monthly income). Move-in estimate assumes first month + last month + one month security; landlord requirements vary.
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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