121 NE 5th St # 512B, Miami FL 33132

1 baths · 409 ft²

For Sale · Active Listing

$2,450

28.99%

Est. Payment $13/mo

MLS Sheet Video

1

Bathrooms

409

Sq. Ft.

2025

Year Built

4

Stories

53

Days on Market

Description

Experience sophisticated urban living at Residence 512B in the brand-new 501 First Residences. This beautifully designed 6th-floor studio features floor-to-ceiling windows with stunning Downtown Miami skyline views. Designed by award-winning Shim Projects, this luxury residence is fully furnished and move-in ready, with custom Italian cabinetry, Hansgrohe fixtures, built-out closets, in-unit washer/dryer, high-speed internet, and premium appliances. All furniture is included, making this a truly turnkey opportunity. The building offers a resort-style experience with over 20,000 SF of amenities, valet parking, 24/7 front desk/reception, and a restaurant coming soon on the first floor. The 38th floor features a conference room, lounge, terrace, Zen garden/relaxation area, and fitness center. The 40th floor offers a resort-style pool, jacuzzi, terraces, outdoor TV lounge, and BBQ areas. The 2nd floor includes lockers, pet bathroom, bicycle parking, and a 24/7 self-service store. The Metromover College North Station is directly across from the building, providing convenient transportation. Ideally located in Downtown Miami, steps from Miami Worldcenter, Brightline Station, shopping, dining, and world-class entertainment. A perfect blend of luxury, convenience, and modern city living.

Facts

MLS#
A12064067
Subdivision
—
Property Type
Residential Lease
Property Sub Type
Condominium
Year Built
2025
Lot Size
0 sqft
Sq. Ft.
409 ft²
Sq. Mt.
38 m²
Price per sq. ft.
$6/ft²
Price per sq. mt.
$64/m²
Stories
4
Garage
—
Pool
—
Days on Market
53 days
Listed
Aug 2, 2026
Last Updated
Sep 24, 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

47

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).

9/23/2026Price change$2,450-29.0%
8/2/2026Listed for sale$3,450

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 # 512B, Miami FL 33132Directions

Affordability

What you'd typically need to qualify for this rental under the standard 30% rule.

$8,167

gross income / month to qualify

Monthly rent$2,450
Required annual income$98,000
Security deposit (est.)$2,450
Move-in cost (1st + last + security)$7,350

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.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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