121 NE 5 Street 3112, Miami, FL 33132

$850,000

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 757 Status: Active

Current Price: $850,000 List Date: 4/13/2026 Last Modified: 6/10/2026

Overview

Description

This stunning unit located at 501 First Residences in the heart of Downtown Miami offers an exceptional opportunity for both investors and end users. The residence features a sleek contemporary design with high-quality finishes, floor-to-ceiling windows, and open city views, along with beautiful water views of Biscayne Bay that provide abundant natural light. The building allows short-term rentals with no restrictions, making it ideal for generating income through platforms like Airbnb or traditional leasing. The unit offers an efficient layout, a fully equipped kitchen, and bright, comfortable living spaces, along with access to top-tier amenities. Residents enjoy a resort-style pool, fitness center, social areas, and 24/7 security, all within close proximity to Brickell, Miami World Center, public transportation, shopping, and dining. Perfect as a primary residence, vacation home, or high-performing investment property in one of Miami’s fastest-growing neighborhoods.

Listing Details MLS# A12000487

General Property Information

Unit Floor #: 31
Property Sub Type: Condominium
Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Living Area Main: 757
Year Built: 2025
Garage YN: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 40

Property Features

Application Information: 1-2 Weeks Approval Association Amenities: Maintenance Association Fee Includes: Common Areas; Maintenance Structure; Security Flooring: Ceramic Tile Leasing Permitted Details: Okay To Lease; Okay To Lease During First Year Parking Features: Valet Property Condition: New Construction Appliances: Dishwasher; Disposal; Dryer; Microwave; Refrigerator; Washer Construction Materials: CBS Cooling: Electric Association Type: Condominium Heating: Electric Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Negotiable Security Features: Security System Special Information: Sold As-Is Tax Information: New Construction Unit Description: Corner/End Unit View: Water Water View: Ocean Showing Requirements: 24 Hour Notice; Call Listing Agent; Showing Service Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open

Contract Information

Comp Sale YN: No
Original List Price: 850000
Occupant Type: Vacant

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 121
Street Direction Prefix: NE
Street Name: 5
Street Suffix: Street
Unit Number: 3112
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33132
Postal Zip: 33132
Subdivision Name: 501 FIRST RESIDENCES CONDO
Area: 2410
Elementary School: Frederick Douglass
Middle Or Junior School: Jose De Diego
High School: Booker T. Washington
Special Assessment YN: No
Parcel Number: 0141010084450
Subdivision Number: 8

Financial Information

Association YN: Yes
Association Fee: 1240
Association Fee Frequency: Monthly
Application Required YN: Yes
Membership Fee Required YN: No
Tax Year: 2025
Tax Legal Description: 501 FIRST RESIDENCES CONDO UNIT 3112 UNDIV 0.31236%INT IN COMMON ELEMENTS OFF REC 35067-4463

Status Change Information

Major Change Timestamp: 2026-04-13T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-04-17

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Entry Information

Entry Level: Yes

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes
Okay To Lease During First Year: Yes

Leasing Restrictions

Leasing - Max Times Per Year: 365
Leasing - Minimum Number of Days: Yes

Price Calculations

Current Price To SqFt: 1122.85

Section Details

Parcel Number MLX: 4450

Originating Details

Originating System Key: 454449178
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

1-2 Weeks Approval: Yes

Amenities

Business Center: Yes
Fitness Center: Yes
Pool: Yes

Association Amenities

Maintenance: Yes

Association Fee Includes

Common Areas: Yes
Maintenance Structure: Yes
Security: Yes

Flooring

Ceramic Tile: Yes

Parking Features

Valet: Yes

Property Condition

New Construction: Yes

Possession

Negotiable: Yes

Special Information

Sold As-Is: Yes

View

Water: Yes

Heating

Electric: Yes

Unit Description

Corner/End Unit: Yes

Water View

Ocean: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Security Features

Security System: Yes

Cooling

Electric: Yes

Association Type

Condominium: Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes
Showing Service: Yes

Master Bedroom/Bath

Bedroom On Entry Level: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Tax Information

New Construction: Yes

Outdoor Living Spaces

Balcony: Yes

Balcony Details

Balcony - Open: Yes

Listing Office: IRG

Last Updated: June - 10 - 2026

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121 NE 5 Street 3112, Miami, FL 33132 (MLS# A12000487)