121 NE 5th Street 1608, Miami, FL 33143

$595,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11954365

Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 606 Status: Active

Current Price: $595,000 List Date: 2/04/2026 Last Modified: 7/02/2026

Overview

Description

Newly delivered 1BR/1BA corner residence at 501 Residences, offered fully furnished and turnkey, including linens, towels, dishes, and household essentials, making it ideal for immediate rental or move-in. This light-filled unit features northeast exposure with balcony views toward Biscayne Bay.Located just one block from Miami Worldcenter, 501 Residences offers a distinct advantage in Downtown Miami with no hotel component, providing a more residential, less transient environment than nearby condo-hotel buildings. Residents enjoy a full suite of amenities, including a 75’ rooftop pool with spa and cold plunge, private dining room with kitchen, TV lounge, co-working lounge, Sunrise and Sunset terraces, The Green House, Sunset Theatre, summer kitchen, bicycle storage, and additional storage. Enjoy modern design, quality finishes, and a prime location surrounded by dining, entertainment, transit, and cultural destinations. Perfect as a primary residence, pied-à-terre, or investment op ... (Read more)

Listing Details MLS# A11954365

General Property Information

Unit Floor #: 16
Property Sub Type: Condominium
Bedrooms Total: Yes
Bathrooms Total: Yes
Bathrooms Full: Yes
Living Area Main: 606
Year Built: 2025
Senior Community YN: Yes
Outdoor Living Spaces YN: Yes
Stories Total: 40
Furnished: Furnished

Property Features

Application Information: 1-2 Weeks Approval Association Amenities: Maintenance Association Fee Includes: Common Areas; Elevator; Maintenance Grounds; Maintenance Structure; Pool Service; Trash Dining Area: Dining/Living Room Property Condition: New Construction Appliances: Dryer; Electric Range; Ice Maker; Microwave; Refrigerator; Washer Water Heater Details: Electric Water Heater Cooling: Central Air Association Type: Condominium Heating: Central Interior Features: Closet Cabinetry; Elevator Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Dogs OK Possession: Negotiable Restrictions: See Remarks Road Frontage Type: East of US-1 Security Features: Fire Sprinkler System; Security System; Smoke Detector(s) Special Information: Sold As-Is Tax Information: New Construction Unit Description: Corner/End Unit View: Skyline Water View: Bay Window Features: Blinds Showing Requirements: 24 Hour Notice; Call Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open

Contract Information

Comp Sale YN: No
Original List Price: 649000
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: 1608
City Name: Miami
State Or Province: FL
Postal Code: 33143
Postal Zip: 33143
Subdivision Name: 501 First Residences
Development 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: 0141010082850
Municipal Code: No

Financial Information

Association YN: Yes
Association Fee: 877
Association Fee Frequency: Monthly
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 877
Membership Fee Required YN: No
Tax Year: 2025
Tax Legal Description: 501 First Residences

Status Change Information

Major Change Timestamp: 2026-02-19T19:00:15Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-02-19T19:00:15Z
Status Change Date: 2026-02-03

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 100

Leasing Restrictions

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

Storm Protection

Impact Glass: Complete

Price Calculations

Current Price To SqFt: 981.84

Originating Details

Originating System Key: 426010688
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

1-2 Weeks Approval: Yes

Amenities

Business Center: Yes
Clubhouse: Yes
Fitness Center: Yes
Lobby: Yes
Management: Yes
Storage: Yes
Trash Chute: Yes

Association Amenities

Maintenance: Yes

Association Fee Includes

Common Areas: Yes
Elevator: Yes
Maintenance Grounds: Yes
Maintenance Structure: Yes
Pool Service: Yes
Trash: Yes

Dining Area

Dining/Living Room: Yes

Property Condition

New Construction: Yes

Possession

Negotiable: Yes

Special Information

Sold As-Is: Yes

View

Skyline: Yes

Heating

Central: Yes

Unit Description

Corner/End Unit: Yes

Water View

Bay: Yes

Window Features

Blinds: Yes

Appliances

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

Interior Features

Closet Cabinetry: Yes
Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Road Frontage Type

East of US-1: Yes

Security Features

Fire Sprinkler System: Yes
Security System: Yes
Smoke Detector(s): Yes

Water Heater Details

Electric Water Heater: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes

Master Bedroom/Bath

Bedroom On Entry Level: Yes
Separate Shower: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Dogs OK: Yes

Restrictions

See Remarks: Yes

Tax Information

New Construction: Yes

Outdoor Living Spaces

Balcony: Yes

Balcony Details

Balcony - Open: Yes

Section Details

Parcel Number MLX: No

Listing Office: Compass Florida, LLC

Last Updated: July - 02 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

121 NE 5th Street 1608, Miami, FL 33143 (MLS# A11954365)