121 NE 5th Street 2401, Miami, FL 33132

New Listing

$1,050,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A12033053

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 760 Status: Active

Current Price: $1,050,000 List Date: 6/08/2026 Last Modified: 6/10/2026

Overview

Description

Exceptional investment opportunity at 501 First Residences, a newly delivered luxury tower in the heart of Downtown Miami. This high-floor 2BR/2BA residence offers modern finishes, floor-to-ceiling impact glass, a private balcony with skyline views, and a turnkey layout ideal for income production. The building is designed for flexible short-term rentals, allowing daily or short stays, making it highly attractive for Airbnb -style income strategies. Strong demand from tourist, business travelers, and the Miami World center district supports consistent occupancy potential. Residents enjoy resort-style amenities including rooftop pool, fitness center, co-working spaces, concierge, and 24 hour security. Unbeatable location steps form Miami Worldcenter, Brightline, Kaseya Center, Bayfront Park, etc.

Listing Details MLS# A12033053

General Property Information

Number Of Units In Community: 448
Unit Floor #: 24
Property Sub Type: Condominium
Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Building Area Main: 760
Living Area Main: 760
Adjusted Area Main: 760
Year Built: 2025
Garage YN: Yes
Garage Spaces: Yes
Covered Spaces: Yes
Senior Community YN: No
Stories Total: 40

Property Features

Application Information: 1-2 Weeks Approval Exterior Features: None Flooring: Other Leasing Permitted Details: Okay To Lease Parking Features: Valet Property Condition: Resale Appliances: Other Boat and Dock Features: Deeded Dock Construction Materials: CBS Cooling: Central Air Association Type: Condominium; Other Heating: Central Interior Features: Elevator Listing Terms: Assumable; Cash Main Living Area: Other Main Living Area Other Equipment: Other Pets Allowed YN: No Possession: Other Restrictions: Limited # Vehicles Security Features: Elevator Secure; Security Guard; Security System Special Information: Sold As-Is Tax Information: Tax Reflects No Exemptions Unit Description: High Rise View: Other Showing Requirements: Call Listing Agent

Contract Information

Comp Sale YN: No
Original List Price: 1050000
Occupant Type: Call Listing Agent

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: 2401
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33132
Postal Code +4: 2627
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: 0141010080550
Subdivision Number: 8
Building Name: 12

Financial Information

Association YN: Yes
Association Fee: 1224
Association Fee Frequency: Monthly
Application Required YN: Yes
Membership Fee Required YN: No
Tax Year: 2025
Tax Legal Description: 501 FIRST RESIDENCES CONDO, UNIT 2401

Status Change Information

Major Change Timestamp: 2026-06-08T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-06-09

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes

Boat and Dock Information

Dock: Yes

Leasing Restrictions

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

Price Calculations

Current Price To SqFt: 1381.57

Section Details

Parcel Number MLX: 0550

Originating Details

Originating System Key: 509691213
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

1-2 Weeks Approval: Yes

Amenities

Elevator(s): Yes
Lobby: Yes
Other: Yes

Exterior Features

None: Yes

Flooring

Other: Yes

Parking Features

Valet: Yes

Property Condition

Resale: Yes

Possession

Other: Yes

Special Information

Sold As-Is: Yes

View

Other: Yes

Heating

Central: Yes

Unit Description

High Rise: Yes

Appliances

Other: Yes

Construction Materials

CBS: Yes

Interior Features

Elevator: Yes

Listing Terms

Assumable: Yes
Cash: Yes

Other Equipment

Other: Yes

Security Features

Elevator Secure: Yes
Security Guard: Yes
Security System: Yes

Boat and Dock Features

Deeded Dock: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes
Other: Yes

Showing Requirements

Call Listing Agent: Yes

Main Living Area

Other Main Living Area: Yes

Master Bedroom/Bath

Bedroom On Entry Level: Yes

Pets Allowed YN

No: Yes

Restrictions

Limited # Vehicles: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Documents

Tenant Evaluation Application Informatio ›

501 First Residences Vendors List ›

Unit 01 Floor Plan ›

501 First Residences Rules and Regulatio ›

Listing Office: BHHS EWM Realty

Last Updated: June - 10 - 2026

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121 NE 5th Street 2401, Miami, FL 33132 (MLS# A12033053)