Condo in 121 NE 5th Street 2101, Miami, FL 33132 for sale with MLS# A11998848

Rare 2 Bed / 2 Bath at 501 First Residences, Downtown Miami's premier new tower. Perched on the 21st floor with a SE-facing balcony, this residence offers 760 sq ft per county records, with the developer's floor plan reflecting 835 sq ft interior + 180 sq ft balcony for 1,015 sq ft of total living area.Open-concept layout with floor-to-ceiling impact windows, custom Italian kitchen cabinetry, premium appliances, and in-unit washer/dryer. Primary bedroom features a full en-suite bath; second bedroom and additional full bath offer ideal flexibility for guests, roommates, or maximizing rental income. No rental restrictions - Airbnb allowed from day one. Delivered fully furnished and move-in ready.Enjoy 20,000+ sq ft of amenities: rooftop pool, hot tub, fitness center, 24/7 valet, co-working spaces, pet lounge, and media room - without condo-hotel restrictions.Steps from Miami Worldcenter, Brightline, Kaseya Center, and world-class dining. Minutes to Brickell, Wynwood, and MIA.The SE exposure frames iconic views of Biscayne Bay, PortMiami, and the Downtown skyline - among the most photogenic in the building. Unit is brand new and never occupied, offering true first-owner condition. With Downtown Miami's continued growth, strong short-term rental demand, and no income restrictions, this is a rare asset that works equally well as a primary residence, second home, or income-producing investment.

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121 NE 5th Street 2101, Miami, FL 33132

Price
Price:
$995,000.00
Original List Price:
$995,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,191.61
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:
April 10, 2026 4:00 am
Rooms Distribution
Bedrooms:
2
Bathrooms Total:
2
Full Bath:
2
Master Bedroom Bath:
2 Master Baths, Separate Shower, Bedroom On Entry Level
Measures
Living Area:
835 Sqft
Property Features
View from the Property:
Water, Bay, Skyline
Waterfront:
No
Swimming Pool Features:
Private
Security:
Smoke Detector(s), Fire Sprinkler System, Key Card Entry, Security Guard, Security System, Closed Circuit Camera(s), Fire Alarm, Security Patrol
Furnished:
Furnished
Appliances:
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Electric Range, Oven, Free-Standing Freezer
Interior:
Closet Cabinetry, Elevator
Exterior:
Barbecue, Balcony
Patio and Porch:
Porch, Porch - Open
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central
Unit Description:
High Rise
Balcony Details:
Balcony - Open
Storm Protection Impact Glass:
Complete
Construction
Year Built:
2026
Levels:
Two
Flooring:
Tile
Number of stories:
40
Property Condition:
New Construction
Taxes and Expenses
Tax Year:
2025
Association Fee:
$1,244.00
Association Fee Frequency:
Monthly
Property Tax Details:
New Construction
Parking
Garage
Garage Spaces:
1
Covered Spaces:
1
Parking Features:
Garage, Valet, Detached, Detached Garage
Community
Association
Application Required
Application Fee:
$150.00
Application Information:
Rapid Approval
Association Type:
Homeowner Association
Pets Allowed?:
Yes, Dogs Ok
Lease Number Times per Year Allowed:
365
Amenities Provided by the Homeowner's Association (HOA):
Business Center, Heated Pool, Pool, Spa/hot Tub, Kitchen Facilities, Community Room, Other, Maintenance, Elevator(s), Fitness Center, Picnic Area
Subdivision Name:
501 First Residences
Senior Community:
No
Minimum Days per Lease:
1
Leasing Permitted
Leasing Permitted Details:
Okay To Lease, Short Term Rentals Allowed
Terms
Listing Terms Considered by Seller:
Cash, Conventional, FHA
Buyer Possession:
Negotiable, Close Of Escrow
Zoning and Legal
Tax Legal Description:
501 FIRST RESIDENCES CONDO UNIT 2101 OFF REC 35067-4463
Real Estate Folio Number (Parcel Number):
0141010080520
Public Schools Assigned
Elementary School:
Cypress Ridge Elem
High School:
Booker T. Washington
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
April 10, 2026
Listing Agreement executed on:
April 10, 2026
Listing Status Last Changed On:
April 10, 2026 4:00 am
Photos updated on:
July 23, 2026 12:10 pm
Last Modified:
July 23, 2026 12:10 pm
Additional Information
Courtesy of:
FL Prime LLC
Attribution:
Not provided
Location
Floor Number:
21
Street Name:
5th
Street Number:
121
Unit Number:
2101
City:
Miami
State:
Florida
Zip Code:
33132
County:
Miami-Dade
Latitude:
N25° 46' 45.6''
Longitude:
W81° 48' 29.9''
Street Suffix:
Street
Street Direction Prefix:
NE
Property Map

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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) 55 Moderate
☀️ O3 40 Good
🫁 PM2.5 55 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.