121 NE 5th Street 1602, Miami, FL 33132

$574,900

Contemporary kitchen featuring light wood-finish cabinetry, integrated panel-ready appliances, stone-composite backsplash, floor-to-ceiling glass sliding door, and neutral-toned tile flooring

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12108736

Floor-to-ceiling sliding glass doors, private balcony with metal railing, light-colored tile flooring, and urban skyline backdrop

Floor-to-ceiling glass sliding door, balcony access, tile flooring, and urban cityscape backdrop

Floor-to-ceiling sliding glass doors, neutral tile flooring, and a private balcony featuring urban scenery

Kitchen featuring wood-finish flat-panel cabinetry, full-height tile backsplash, integrated stainless steel appliances, and large-format tile flooring

Kitchen featuring flat-panel wood-finish cabinetry, stone-composite countertop, full-height stone backsplash, undermount sink with matte black faucet, and built-in stainless steel appliances

Modern cabinetry with a light wood-finish, sleek stone countertops, integrated stainless-steel wall oven, matte black hardware, and an undermount sink with a matching matte black faucet

Neutral-toned stone countertop featuring a smooth, polished finish, complemented by a sleek, light-toned stone tile backsplash

Kitchen area featuring flat-panel wood-finish cabinetry, a matte black high-arc faucet, and a stone-finish backsplash with integrated countertop

Private balcony featuring a glass panel railing with a metal handrail and expansive urban skyline scenery

Private balcony featuring a glass panel railing, metal top rail, and concrete flooring

Floor-to-ceiling glass sliding doors, private balcony, neutral large-format tile flooring, and urban cityscape backdrop

Floor-to-ceiling windows, city skyline backdrop, wood-finish cabinetry, tile flooring, and neutral wall finishes

Neutral-toned interior space featuring light-colored tile flooring, smooth wall finishes, and floor-to-ceiling cabinetry with wood-finish doors

Room featuring an arched full-length mirror, wood-finish built-in cabinetry, and neutral wall-finish flooring

Floor-to-ceiling windows with urban skyline exposure, tile flooring, and a floor-to-ceiling wooden cabinetry unit

Walk-in shower featuring matte black fixtures, rainfall showerhead, and floor-to-ceiling large-format tile, complemented by a glass panel enclosure and light-toned tile flooring

Modern vanity featuring light wood-finish cabinetry, a solid surface countertop, an undermount sink, and matte black fixtures, complemented by a large, frameless rectangular mirror

Walk-in shower featuring large-format grey tile, a glass partition with a frosted privacy panel, and matte black fixtures including a wall-mounted shower head and faucet

Stone countertop featuring an undermount sink, a matte black single-handle faucet, and a black-framed rectangular wall mirror

Floating wood-finish vanity with a stone countertop, integrated sink, matte black faucet, and large rectangular mirror with integrated lighting

Stacked white front-load laundry unit, floor-to-ceiling windows, and tile flooring

Property Type: Residential Bedrooms: 1 Baths: 2 Square Footage: 544 Status: Active

Current Price: $574,900 List Date: 10/19/2026 Last Modified: 11/11/2026

Overview

Description

The ultimate passive-income powerhouse in the heart of Downtown Miami at 501 First Residences! Unit 1602 is a fabulous, fully finished, and designer-furnished 1-bed + den, 2-bath luxury sanctuary optimizing 659 total sq. ft. (597 interior + private balcony). Delivering complete rental freedom with ZERO rental restrictions, you can host daily on platforms like Airbnb from day one.The interior sparkles with 9-foot ceilings, floor-to-ceiling glass, an urban balcony with stunning downtown city vistas, custom Italian cabinetry, and integrated premium Smeg appliances. The multi-functional den and full second bathroom provide unmatched guest flexibility to maximize daily booking rates!Indulge in 20,000+ sq. ft. of elite rooftop amenities: a 75-foot heated lap pool, hot hydrotherapy bath, outdoor movie theatre, world-class HOMAGE Fitness center, and co-working spaces.UNBEATABLE TRANSIT-ORIENTED LOCATION: Steps away from Miami Worldcenter’s retail mega-district, blocks from world-class concer ... (Read more)

Listing Details MLS# A12108736

General Property Information

Unit Floor #: 16
Property Sub Type: Condominium
Bedrooms Total: Yes
Bathrooms Total: 2
Bathrooms Full: 2
Building Area Main: 544
Living Area Main: 544
Adjusted Area Main: 544
Year Built: 2025
Garage YN: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Senior Community YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 40

Property Features

Application Information: No Approvals; Other Approvals Association Fee Includes: Cable TV; Sewer; Trash; Water Flooring: Ceramic Tile Leasing Permitted Details: Short Term Rentals Allowed Property Condition: New Construction Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Water Heater Details: Electric Water Heater Cooling: Electric Association Type: Condominium Heating: Electric Interior Features: Other Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Security Features: Security System; Smoke Detector(s); Other Special Information: Foreign Seller Tax Information: Tax Reflects No Exemptions Unit Description: High Rise View: Other 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: 574900
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
Street Suffix: Street
Unit Number: 1602
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33132
Postal Code +4: 2623
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: 0141010080810

Financial Information

Association YN: Yes
Association Fee: 890
Association Fee Frequency: Monthly
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 890
Membership Fee Required YN: No
Tax Year: 2025
Tax Legal Description: 501 FIRST RESIDENCE CONDO

Status Change Information

Major Change Timestamp: 2026-10-19T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-10-21

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Leasing Permitted Details

Leasing Permitted YN: Yes

Parking Information

Open Parking Spaces: Yes

Leasing Restrictions

Leasing - Max Times Per Year: 365

Price Calculations

Current Price To SqFt: 1056.8

Section Details

Parcel Number MLX: 0810

Originating Details

Originating System Key: 567600367
Originating System ID: M00000151

Listing Office: EXP Realty LLC

Last Updated: November - 11 - 2026

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121 NE 5th Street 1602, Miami, FL 33132 (MLS# A12108736)