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

121 NE 5th Street 2211, Miami, FL 33132

$595,000
Property Type: Residential Bedrooms: 1 Baths: 2 Square Footage: 659 Status: Active
Current Price: $595,000 List Date: 4/06/2026 Last Modified: 9/02/2026

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; VA Loan 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
Estimated Monthly Assoc Recurring Fee
893
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

Short Sale Details

Short Sale Addendum
No

Leasing Restrictions

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

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

Room Information

Room Name
Den
Family Room
Florida Room
Media Room
Game Room
Convertible Bedroom
IDX
Listing Office: Potential Property Group
Last Updated: September - 02 - 2026
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