Condo in 121 NE 5th Street 1701, Miami, FL 33132 for sale with MLS# A12000476

Rare 2 Bed / 2 Bath corner residence at 501 First Residences, one of only two southeast-facing corner units in the building, offering some of the most desirable views of Biscayne Bay and the Downtown skyline.Located on the 21st floor, this unit features floor-to-ceiling impact windows, an open layout, Italian kitchen cabinetry, premium appliances, in-unit washer/dryer, and a spacious balcony.No rental restrictions-Airbnb allowed from day one. Delivered fully furnished and move-in ready. Enjoy 20,000+ SF of amenities including rooftop pool, fitness center, spa, co-working spaces, and valet.Prime Downtown location near Brickell, Miami Worldcenter, and Brightline, ideal as a primary residence, second home, or income-producing investment.

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121 NE 5th Street 1701, Miami, FL 33132

Price
Price:
$929,000.00
Original List Price:
$929,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,222.36
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:
Real Estate Owned (REO) Lender/Bank Owned
Listing Category:
Residential
Property Type:
Condominium
Description of Last Important Update:
New Listing
Last Major Update on:
April 14, 2026 4:00 am
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
2
Bathrooms Total:
2
Full Bath:
2
Master Bedroom Bath:
Other
Measures
Living Area:
760 Sqft
Property Features
View from the Property:
Water
Waterfront:
No
Security:
Key Card Entry
Appliances:
Dryer, Dishwasher, Microwave, Refrigerator, Washer, Electric Range
Interior:
Walk-In Closet(s)
Exterior:
Balcony
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central
Unit Description:
Corner/end Unit, High Rise
Balcony Details:
Balcony - Open
Construction
Year Built:
2026
Levels:
Two
Number of stories:
40
Property Condition:
Resale, New Construction
Taxes and Expenses
Tax Year:
2025
Association Fee:
$1,244.00
Association Fee Frequency:
Monthly
Property Tax Details:
City/County
Parking
Garage
Garage Spaces:
1
Covered Spaces:
1
Community
Association
Application Required
Application Fee:
$150.00
Application Information:
1-2 Weeks Approval
Association Type:
Condominium
Pets Allowed?:
Yes, Pet Restrictions Possible
Amenities Provided by the Homeowner's Association (HOA):
Pool, Fitness Center, Parking
Subdivision Name:
501 First Residences
Association Fee Includes:
Water, Cable Tv, Internet
Senior Community:
Yes
Restrictions:
Other Restrictions
Minimum Days per Lease:
0
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
501 FIRST RESIDENCES CONDO UNIT 1701 OFF REC 350674463
Real Estate Folio Number (Parcel Number):
0141010080480
Public Schools Assigned
Elementary School:
Everglades (palm Beach)
High School:
Booker T. Washington
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
April 14, 2026
Listing Agreement executed on:
April 14, 2026
Listing Status Last Changed On:
April 14, 2026 4:00 am
Photos updated on:
July 29, 2026 8:04 pm
Last Modified:
July 29, 2026 8:04 pm
Additional Information
Courtesy of:
One Sotheby's International Realty
Attribution:
Not provided
Location
Floor Number:
17
Street Name:
5th
Street Number:
121
Unit Number:
1701
City:
Miami
State:
Florida
Zip Code:
33132
County:
Miami-Dade
Latitude:
N25° 48' 3.8''
Longitude:
W81° 48' 28''
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.