Condominium
121 NE 5th # 501B
121 NE 5th # 501B, Miami FL 33132
$475,000
0 Beds · 1 Bath
See estimated monthly costThis listing is courtesy of Core Realty Associates, Inc.. Volkan Yetmisbir
Overview
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!
Facts & features
Interior
- Full bathrooms
- 1
- Walk-In Closet(s)
Building & exterior
- Year built
- 2025
- Garage spaces
- 1
- Covered spaces
- 1
- None
- Barbeque
- 1 Space
- Covered
HOA (homeowners association)
- Association fee
- $563 per month
- Pets allowed
- Yes
- Bike Storage
- Billiard Room
- Clubhouse-Clubroom
- Elevator(s)
- Heated Pool
- Spa/Hot Tub
- Ok To Lease
- Dogs OK
Taxes
- Annual tax
- $0
- Tax year
- 2026
- Parcel number
- 01-02-06-020-1150
Listing
- MLS number
- A11974262
- Property type
- Condominium
- Subdivision
- 501 FIRST RESIDENCES
- On market since
- Mar 1, 2026
- Days on market
- 97
Estimated monthly cost
$3,321 per month
- Principal & interest (30 yr)
- $2,402
- Property tax
- $0
- Insurance (estimated)
- $356
- Association fee
- $563
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- New World School of the Arts
- School For Advanced Studies Wolfson
- Law Enforcement Officers Memorial Senior High
- Downtown Miami Charter School
- RJW The Academy of Arts Sciences
- School Board Adm - Main Building
- Anna Brenner Meyers Telecommunication Complex
- K-12 Distance Learning
- Frederick Douglass Elementary
- Miami-Dade Online Academy
- iPrep Academy
- Primary Learning Center
- School Board Adm -Garage
- Chapman Partnership Early Childhood Center North
- Key Point Academy Downtown
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