501 First Residence

121 NE 5th St # 3405, Miami FL 33132

1 beds · 1 baths · 489 ft²

For Sale · Active Listing

$519,000

11.73%

Est. Payment $2,762/mo

MLS Sheet Video

1

Bedrooms

1

Bathrooms

489

Sq. Ft.

2025

Year Built

1

Garage

40

Stories

57

Days on Market

Description

Experience elevated living in this spectacular high-floor residence at 501 First Residences, located in the heart of Downtown Miami. This modern unit features breathtaking skyline views, floor-to-ceiling impact windows, high ceilings, elegant finishes, and an open-concept layout designed for today's lifestyle. The contemporary kitchen offers premium cabinetry, quartz countertops, and stainless steel appliances, seamlessly connecting to the spacious living and dining areas. Enjoy world-class amenities, including a resort-style rooftop pool, state-of-the-art fitness center, yoga studio, co-working spaces, social lounges, game room, concierge, valet, and 24-hour security. Perfectly positioned just steps from Miami Worldcenter, Brightline, Kaseya Center, Bayside Marketplace, Museum Park, top restaurants, shopping, nightlife, and Miami's beautiful waterfront. One of the few luxury buildings allowing short-term rentals, this residence presents an exceptional opportunity for investors, seasonal owners, or anyone seeking maximum flexibility and income potential. Whether you're looking for a primary residence, vacation home, or high-performing investment property, this is your chance to own in one of Miami's fastest-growing and most exciting neighborhoods.

Facts

MLS#
A12054926
Subdivision
501 First Residence
Property Type
Residential
Property Sub Type
Condominium
Year Built
2025
Lot Size
0 sqft
Sq. Ft.
489 ft²
Sq. Mt.
45 m²
Price per sq. ft.
$1,061/ft²
Price per sq. mt.
$11,533/m²
Stories
40
Garage
1 spaces
Pool
Days on Market
57 days
Listed
Jul 16, 2026
Last Updated
Sep 11, 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).

9/11/2026Price change$519,000-11.7%
7/16/2026Listed for sale$588,000

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 # 3405, Miami FL 33132Directions

Estimated Monthly Payment

$3,345/mo

Principal & Interest

$2,762

Property Tax

$433

Insurance

$150

HOA

$0

20% ($103,800)
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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