121 NE 5th Street 2211, Miami, FL 33132

$595,000

Virtual Tour

https://youtube.com/shorts/VP40rnojkEY

Property Type: Residential Bedrooms: 1 Baths: 2 Square Footage: 659 Status: Active

Current Price: $595,000 List Date: 4/06/2026 Last Modified: 6/10/2026

Overview

Description

Turn Key Brand new 1 Bedroom + Den, 2 full baths at 501 First Residences, Miami’s newest short-term-rental–friendly tower in the heart of Downtown. This modern residence features an open layout, floor-to-ceiling impact windows, a sleek European kitchen with premium appliances, and a spacious den that functions as a second sleeping area or office. The private balcony offers city views and abundant natural light.Enjoy resort-style amenities including a rooftop pool with panoramic skyline views, state-of-the-art fitness center, coworking spaces, social lounges, and 24/7 concierge. STR/Airbnb allowed from day one, making it ideal for investors seeking high occupancy and strong returns.Unbeatable location: steps from MiamiCentral Brightline Station, Miami Worldcenter, Bayside, Kaseya Center, museums, dining, and retail. Quick access to Brickell, Wynwood, Miami Beach, and MIA Airport.Move-in ready, fully flexible, and perfectly positioned for both living and investment.

Listing Details MLS# A11985345

General Property Information

Unit Floor #: 22
Property Sub Type: Condominium
Bedrooms Total: Yes
Bathrooms Total: 2
Bathrooms Full: 2
Living Area Main: 659
Year Built: 2026
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 40

Property Features

Application Information: Other Approvals; Rapid Approval Association Fee Includes: Common Areas; Hot Water; Insurance; Internet; Maintenance Grounds; Maintenance Structure; Pool Service; Recreation Facility; Security; Sewer; Trash; Water Dining Area: Dining/Living Room Exterior Features: Barbecue Flooring: Ceramic Tile Leasing Permitted Details: Okay To Lease; Okay To Lease During First Year; Short Term Rentals Allowed Parking Features: Valet Property Condition: New Construction Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Trash Compactor; Washer Water Heater Details: Electric Water Heater Construction Materials: Concrete Block - No Stucco Cooling: Central Air Association Type: Condominium Green Energy Efficient: Appliances Heating: Central Interior Features: Elevator; Entrance Foyer Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Pool Features: Private Possession: Negotiable Restrictions: Other Restrictions Security Features: Elevator Secure; Lobby - Attended; Security Guard Special Information: Corporate Owned Tax Information: Tax Reflects No Exemptions Unit Description: High Rise Utilities: Cable Available View: Other; Skyline Showing Requirements: Listing Agent Must Accompany; Showing Service Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open Room Types: Convertible Bedroom; Den; Family Room; Florida Room; Game Room; Media Room

Contract Information

Comp Sale YN: No
Original List Price: 630888
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: 2211
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33132
Postal Zip: 33132
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: 0101060201150
Subdivision Number: 20

Financial Information

Association YN: Yes
Association Fee: 893
Association Fee Frequency: Monthly
Application Required YN: Yes
Membership Fee Required YN: No
Tax Year: 2025
Tax Legal Description: 501 First Residences

Status Change Information

Major Change Timestamp: 2026-06-10T18:07:48Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-10T18:07:48Z
Status Change Date: 2026-04-06

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes
Okay To Lease During First Year: Yes
Short Term Rentals Allowed: Yes

Short Sale Details

Short Sale Addendum: No

Leasing Restrictions

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

Storm Protection

Impact Glass: Partial

Price Calculations

Current Price To SqFt: 902.88

Section Details

Parcel Number MLX: 1150

Originating Details

Originating System Key: 443311500
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

Other Approvals: Yes
Rapid Approval: Yes

Amenities

Bar: Yes
Business Center: Yes
Clubhouse: Yes
Community Room: Yes
Elevator(s): Yes
Fitness Center: Yes
Heated Pool: Yes
Laundry: Yes
Library: Yes
Picnic Area: Yes
Pool: Yes
Sauna: Yes
Spa/Hot Tub: Yes

Association Fee Includes

Common Areas: Yes
Hot Water: Yes
Insurance: Yes
Internet: Yes
Maintenance Grounds: Yes
Maintenance Structure: Yes
Pool Service: Yes
Recreation Facility: Yes
Security: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Dining Area

Dining/Living Room: Yes

Exterior Features

Barbecue: Yes

Flooring

Ceramic Tile: Yes

Parking Features

Valet: Yes

Property Condition

New Construction: Yes

Possession

Negotiable: Yes

Special Information

Corporate Owned: Yes

Utilities

Cable Available: Yes

View

Other: Yes
Skyline: Yes

Heating

Central: Yes

Unit Description

High Rise: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Range: Yes
Microwave: Yes
Refrigerator: Yes
Trash Compactor: Yes
Washer: Yes

Construction Materials

Concrete Block - No Stucco: Yes

Green Energy Efficient

Appliances: Yes

Interior Features

Elevator: Yes
Entrance Foyer: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Pool Features

Private: Yes

Security Features

Elevator Secure: Yes
Lobby - Attended: Yes
Security Guard: Yes

Water Heater Details

Electric Water Heater: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes

Showing Requirements

Listing Agent Must Accompany: Yes
Showing Service: Yes

Master Bedroom/Bath

2 Master Baths: Yes
Other: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Pet Restrictions Possible: Yes

Restrictions

Other Restrictions: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Outdoor Living Spaces

Balcony: Yes

Balcony Details

Balcony - Open: Yes

Room Types

Convertible Bedroom: Yes
Den: Yes
Family Room: Yes
Florida Room: Yes
Game Room: Yes
Media Room: Yes

Room Information

Room Name
Den
Family Room
Florida Room
Media Room
Game Room
Convertible Bedroom

Listing Office: Potential Property Group

Last Updated: June - 10 - 2026

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121 NE 5th Street 2211, Miami, FL 33132 (MLS# A11985345)