Condo in 121 NE 5th 501B Miami 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, 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
Special Sale Conditions:
Listed As Is
Listing Category:
Residential
Property Type:
Condominium
MLS Number:
A11974262
Description of Last Important Update:
New Listing
Last Major Update on:
March 19, 2026 9:27 am
Rooms Distribution
Bathrooms Total:
1
Full Bath:
1
Measures
Living Area Source:
Builder
Lot Size Unit:
Square Feet
Property Features
Waterfront:
No
Swimming Pool Features:
Heated
Security:
Key Card Entry, Lobby Secured
Appliances:
Dryer, Dishwasher, Microwave, Refrigerator, Washer, Electric Range, Electric Water Heater, Ice Maker
Interior:
Walk-In Closet(s), Tub Shower
Exterior:
Barbecue
Air Conditioning
Air Conditioning System:
Central Air, Electric
Heating
Heating System:
Central, Electric
Construction
Year Built:
2025
Year Built Details:
New Construction
Architectural Style:
High Rise, High Rise
Entry Level (floor):
5
Entry Level Location:
5
Flooring:
Tile, Ceramic Tile
Number of stories:
40
Taxes and Expenses
Tax Annual Amount:
$0.00
Tax Year:
2026
Association Fee:
$563.00
Association Fee Frequency:
Monthly
Property Tax Status:
New Construction
Parking
Garage
Garage Spaces:
1
Covered Spaces:
1
Parking Features:
One Space, Covered
Utilities
Electric:
Fuses
Utilities Available:
Cable Available
Community
Pets Allowed?:
Yes, Dogs Ok
Amenities Provided by the Homeowner's Association (HOA):
Pool, Spa/hot Tub, Billiard Room, Bike Storage, Clubhouse, Elevator(s)
Subdivision Name:
501 FIRST RESIDENCES
Association Fee Includes:
Parking, Internet
Complex Name:
501 FIRST RESIDENCES
Senior Community:
No
Development Status:
New Construction
Restrictions:
Okay to Lease
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Occupant Type:
Vacant
Buyer Possession:
Other
Zoning and Legal
Tax Legal Description:
0
Real Estate Folio Number (Parcel Number):
01-02-06-020-1150
Listing History
Originally published on:
March 19, 2026 9:27 am
Active on the market since:
March 1, 2026
Price change occurred on:
March 1, 2026 5:08 pm
Listing Status Last Changed On:
March 19, 2026 9:27 am
Photos updated on:
March 19, 2026 2:27 pm
Last Modified:
March 19, 2026 5:00 pm
Additional Information
Unit View:
None
Housing Older Persons Act:
No HOPA
Unit Design:
High-Rise
Type of Association:
Condo
Minimum Number of Days per Lease:
1
Type of Governing Bodies of the Association:
Condominium
Pet Fee:
$0.00
Number of Times Leased per Year:
360
Application Fee:
$100.00
Style:
Condo 5+ Stories
Municipal Code:
1
Courtesy of:
Core Realty Associates, Inc.
Attribution:
Not provided
Location
Street Name:
5th
Street Number:
121
Unit Number:
501B
City:
Miami
State:
Florida
Zip Code:
33132
County:
Miami-Dade
Latitude:
N25° 46' 45.7''
Longitude:
W81° 48' 29.9''
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) 45 Good
☀️ O3 40 Good
🫁 PM2.5 45 Good

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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.