121 NE 5th 501b 501B, Miami, FL 33132

$475,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11974262

Property Type: Residential Baths: 1 Status: Active

Current Price: $475,000 List Date: 3/01/2026 Last Modified: 7/06/2026

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 ... (Read more)

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 501b
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
Okay To Lease: 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

Office/Member Information

DXORIGMLSID: SEF

Application Information

Rapid Approval: Yes

Amenities

Bike Storage: Yes
Billiard Room: Yes
Clubhouse: Yes
Elevator(s): Yes
Heated Pool: Yes
Parking: Yes
Spa/Hot Tub: Yes

Association Fee Includes

Internet: Yes

Electric

Fuses: Yes

Exterior Features

Barbecue: Yes

Flooring

Ceramic Tile: Yes
Tile: Yes

Parking Features

Covered: Yes

Property Condition

New Construction: Yes

Possession

Other: Yes

Special Information

Sold As-Is: Yes

Utilities

Cable Available: Yes

Heating

Central: Yes
Electric: Yes

Unit Description

Studio: Yes
High Rise: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Range: Yes
Ice Maker: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Interior Features

Walk-In Closet(s): Yes

Listing Terms

Cash: Yes
Conventional: Yes

Security Features

Fire Alarm: Yes
Key Card Entry: Yes
Security System: Yes

Water Heater Details

Electric Water Heater: Yes

Cooling

Central Air: Yes
Electric: Yes

Association Type

Condominium: Yes

Showing Requirements

Appointment Only: Yes
Showing Service: Yes

Master Bedroom/Bath

Combo Tub/Shower: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Dogs OK: Yes

Tax Information

New Construction: Yes

Listing Office: Core Realty Associates, Inc.

Last Updated: July - 06 - 2026

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