Condo in 121 NE 5th Street 2401, Miami, FL 33132 for sale with MLS# A12033053

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.

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Days on the market

121 NE 5th Street 2401, Miami, FL 33132

Price
Price:
$970,000.00
Original List Price:
$1,050,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,276.31
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:
Price Reduced
Last Major Update on:
June 24, 2026 3:17 pm
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
2
Bathrooms Total:
2
Full Bath:
2
Master Bedroom Bath:
Bedroom On Entry Level
Measures
Living Area:
760 Sqft
Built-Up Area:
760 Sqft
Property Features
View from the Property:
Other
Waterfront:
No
Security:
Security Guard, Security System, Elevator Secure
Appliances:
Other
Interior:
Elevator
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central
Boat and Dock Features:
Deeded Dock
Other Equipment:
Other
Unit Description:
High Rise
Construction
Year Built:
2025
Levels:
Two
Construction Materials:
CBS
Flooring:
Other
Number of stories:
40
Number of Units in the Community or Building:
448
Property Condition:
Resale
Taxes and Expenses
Tax Year:
2025
Association Fee:
$1,224.00
Association Fee Frequency:
Monthly
Property Tax Details:
Tax Reflects No Exemptions
Parking
Garage
Garage Spaces:
1
Covered Spaces:
1
Parking Features:
Valet
Community
Association
Application Required
Application Fee:
$150.00
Application Information:
1-2 Weeks Approval
Association Type:
Condominium, Other
Lease Number Times per Year Allowed:
1
Amenities Provided by the Homeowner's Association (HOA):
Other, Elevator(s), Lobby
Building Name:
12
Subdivision Name:
501 FIRST RESIDENCES CONDO
Senior Community:
No
Restrictions:
Limited # Vehicles
Minimum Days per Lease:
365
Community Dock
Leasing Permitted
Leasing Permitted Details:
Okay To Lease
Terms
Listing Terms Considered by Seller:
Cash, Assumable (The financing currently in place may be assumed)
Buyer Possession:
Other
Zoning and Legal
Tax Legal Description:
501 FIRST RESIDENCES CONDO, UNIT 2401
Real Estate Folio Number (Parcel Number):
0141010080550
Public Schools Assigned
Elementary School:
Tropical (miami-dade)
High School:
Booker T. Washington
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
June 8, 2026
Listing Agreement executed on:
June 8, 2026
Price change occurred on:
June 24, 2026 3:17 pm
Listing Status Last Changed On:
June 8, 2026 4:00 am
Photos updated on:
July 17, 2026 3:55 pm
Last Modified:
July 17, 2026 3:55 pm
Additional Information
Courtesy of:
BHHS EWM Realty
Attribution:
Not provided
Location
Floor Number:
24
Street Name:
5th
Street Number:
121
Unit Number:
2401
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) 45 Good
☀️ O3 30 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.