121 NE 5th 501B, Miami, FL 33132 (MLS# A11974262)

121 NE 5th 501B, Miami, FL 33132

$475,000
Property Type: Residential Baths: 1 Status: Active
Current Price: $475,000 List Date: 3/01/2026 Last Modified: 10/31/2026

Overview

Description

Brand New Luxury Condo at 501 First Miami – No Rental Restrictions!Be the first to own this pristine, newly delivered residence (Unit 501B) in the heart of Downtown Miami. Located in the highly anticipated 501 First Residences, this unit offers the ultimate flexibility with no rental restrictions, making it a premier choice for high-yield short-term rentals (Airbnb/VRBO) or a sophisticated urban lifestyle.Unit Features:Modern open-concept layout with floor-to-ceiling glass windows.Private balcony with stunning city skyline views.Fully finished and furnished with interiors by award-winning SHIM Projects.High-end Smeg appliances and custom Italian cabinetry.In-unit washer/dryer and smart home technology.Building Amenities:Experience over 20,000 SF of world-class amenities, including a 75-foot rooftop lap pool, a state-of-the-art fitness center by HOMAGE, a lush rooftop greenhouse, co-working spaces, and a private movie theater.Strategically located steps away from Miami Worldcenter, Ka ...

Listing Details MLS# A11974262

General Property Information

Unit Floor #
5
Property Sub Type
Condominium
Bathrooms Total
Yes
Bathrooms Full
Yes
Year Built
2025
Garage YN
Yes
Garage Spaces
Yes
Covered Spaces
Yes
Senior Community YN
No
Stories Total
40

Property Features

Application Information: Rapid Approval Association Fee Includes: Internet Electric: Fuses Exterior Features: Barbecue Flooring: Ceramic Tile; Tile Leasing Permitted Details: Okay To Lease Parking Features: Covered Property Condition: New Construction Appliances: Dishwasher; Dryer; Electric Range; Ice Maker; Microwave; Refrigerator; Washer Water Heater Details: Electric Water Heater Cooling: Central Air Association Type: Condominium Heating: Central; Electric Interior Features: Walk-In Closet(s) Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Dogs OK Possession: Other Security Features: Fire Alarm; Key Card Entry; Security System Special Information: Sold As-Is Tax Information: New Construction Unit Description: Studio; High Rise Utilities: Cable Available Showing Requirements: Appointment Only; Showing Service

Contract Information

Comp Sale YN
No
Original List Price
475000
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
5th
Unit Number
501B
City Name
Miami
Municipal Code
Yes
State Or Province
FL
Postal Code
33132
Postal Zip
33132
Subdivision Name
501 FIRST RESIDENCES
Area
2410
Elementary School
Frederick Douglass
Middle Or Junior School
Jose De Diego
High School
Booker T. Washington
Special Assessment YN
No
Parcel Number
0102060201150

Financial Information

Association YN
Yes
Association Fee
563
Association Fee Frequency
Monthly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
563
Membership Fee Required YN
No
Tax Year
2026

Status Change Information

Major Change Timestamp
2026-03-01T05:00:00Z
Major Change Type
New Listing
Status Change Date
2026-03-19

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
100

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
Yes

Leasing Restrictions

Leasing - Max Times Per Year
360
Leasing - Minimum Number of Days
Yes

Section Details

Parcel Number MLX
1150

Originating Details

Originating System Key
436240673
Originating System ID
M00000151
IDX
Listing Office: Core Realty Associates, Inc.
Source MLS Verified
Last Updated: October - 31 - 2026
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