Condo in 121 NE 5th 501b 501B, Miami, FL 33132 for sale with MLS# A11974262

Brand New Luxury Condo at 501 First Miami - No Rental Restrictions!Be the first to own this pristine, newly delivered residence (Unit 501B) in the heart of Downtown Miami. Located in the highly anticipated 501 First Residences, this unit offers the ultimate flexibility with no rental restrictions, making it a premier choice for high-yield short-term rentals (Airbnb/VRBO) or a sophisticated urban lifestyle.Unit Features:Modern open-concept layout with floor-to-ceiling glass windows.Private balcony with stunning city skyline views.Fully finished and furnished with interiors by award-winning SHIM Projects.High-end Smeg appliances and custom Italian cabinetry.In-unit washer/dryer and smart home technology.Building Amenities:Experience over 20,000 SF of world-class amenities, including a 75-foot rooftop lap pool, a state-of-the-art fitness center by HOMAGE, a lush rooftop greenhouse, co-working spaces, and a private movie theater.Strategically located steps away from Miami Worldcenter, Kaseya Center, and the Brightline station. Don't miss this turnkey investment opportunity!

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Days on the market

121 NE 5th 501b 501B, Miami, FL 33132

Price
Price:
$475,000.00
Original List Price:
$475,000.00
More Listings Same Building:
501 First Residences in 121 5 Street Miami
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Condominium
Description of Last Important Update:
New Listing
Last Major Update on:
March 1, 2026 5:00 am
Other Special Conditions:
Sold As-is
Rooms Distribution
Bathrooms Total:
1
Full Bath:
1
Master Bedroom Bath:
Combo Tub/shower
Property Features
Waterfront:
No
Security:
Key Card Entry, Security System, Fire Alarm
Appliances:
Dryer, Dishwasher, Microwave, Refrigerator, Washer, Electric Range, Electric Water Heater, Ice Maker
Interior:
Walk-In Closet(s)
Exterior:
Barbecue
Air Conditioning
Air Conditioning System:
Central Air, Electric
Heating
Heating System:
Central, Electric
Unit Description:
High Rise, Studio
Construction
Year Built:
2025
Levels:
Two
Flooring:
Tile, Ceramic Tile
Number of stories:
40
Property Condition:
New Construction
Taxes and Expenses
Tax Annual Amount:
$0.00
Tax Year:
2026
Association Fee:
$563.00
Association Fee Frequency:
Monthly
Property Tax Details:
New Construction
Parking
Garage
Garage Spaces:
1
Covered Spaces:
1
Parking Features:
Covered
Utilities
Electric:
Fuses
Utilities Available:
Cable Available
Community
Association
Application Required
Application Fee:
$100.00
Application Information:
Rapid Approval
Association Type:
Condominium
Pets Allowed?:
Yes, Dogs Ok
Lease Number Times per Year Allowed:
360
Amenities Provided by the Homeowner's Association (HOA):
Heated Pool, Spa/hot Tub, Billiard Room, Bike Storage, Clubhouse, Elevator(s), Parking
Subdivision Name:
501 FIRST RESIDENCES
Association Fee Includes:
Internet
Senior Community:
No
Minimum Days per Lease:
1
Leasing Permitted
Leasing Permitted Details:
Okay To Lease
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Other
Zoning and Legal
Tax Legal Description:
0
Real Estate Folio Number (Parcel Number):
0102060201150
Public Schools Assigned
Elementary School:
Frederick Douglass
High School:
Booker T. Washington
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
March 1, 2026
Listing Agreement executed on:
March 1, 2026
Listing Status Last Changed On:
March 1, 2026 5:00 am
Photos updated on:
March 19, 2026 5:04 pm
Last Modified:
July 6, 2026 11:03 pm
Additional Information
Courtesy of:
Core Realty Associates, Inc.
Attribution:
Not provided
Location
Floor Number:
5
Street Name:
5th 501b
Street Number:
121
Unit Number:
501B
City:
Miami
State:
Florida
Zip Code:
33132
County:
Miami-Dade
Latitude:
N0° 0' 0''
Longitude:
E0° 0' 0''
Street Direction Prefix:
NE
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $109,505
Median Home Value $545,100
Median Rent $2,534/mo
Median Age 34
Population 18,244

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 70 Moderate
☀️ O3 25 Good
🫁 PM2.5 70 Moderate

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Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.