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

1 baths · 409 ft²

For Sale · Active Listing

$2,800

18.84%

Est. Payment $15/mo

MLS Sheet Video

1

Bathrooms

409

Sq. Ft.

2025

Year Built

4

Stories

9

Days on Market

Description

Experience sophisticated urban living at Residence 512B in the brand-new 501 First Residences, a beautifully designed sixth-floor studio offering floor-to-ceiling windows with stunning Downtown Miami skyline views. Curated by the award-winning Shim Projects, this luxury residence is delivered fully furnished and move-in ready, featuring custom Italian cabinetry, elegant Hansgrohe fixtures, spacious built-out closets, an in-unit washer and dryer, high-speed internet, and a complete package of premium appliances. All furniture is included, including the dining table, seating, and thoughtfully selected furnishings, making this a truly turnkey opportunity. Residents enjoy over 20,000 square feet of exceptional amenities, including a spectacular 75-foot resort-style rooftop lap pool, hydrotherapy spa, outdoor game lawn, state-of-the-art fitness center, yoga and meditation studio, luxury coworking offices, private conference rooms, and beautifully designed social spaces. Ideally located in the heart of Downtown Miami, just steps from Miami World center, Brightline Station, premier shopping, fine dining, and world-class entertainment this residence offers the 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.
$7/ft²
Price per sq. mt.
$74/m²
Stories
4
Garage
Pool
Days on Market
9 days
Listed
Aug 2, 2026
Last Updated
Aug 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

August 2026

100/100
Buyers marketSellers market

53

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).

8/11/2026Price change$2,800-18.8%
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.

$9,333

gross income / month to qualify

Monthly rent$2,800
Required annual income$112,000
Security deposit (est.)$2,800
Move-in cost (1st + last + security)$8,400

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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Updated 21 hours ago

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