Condominium
121 NE 5th St # 2002
121 NE 5th St # 2002, Miami FL 33132
$649,000
1 Bed · 2 Baths · 544 SqFt
See estimated monthly costThis listing is courtesy of Miami Life Realty LLC. Jorge Kupferman
Overview
Beauty Unit in brand new construction at 501 First Residences in Downtown Miami. 544 SF fully furnished and finished. No rental restrictions. Floor-to-ceiling glass, private balcony, European cabinetry and appliances. In unit washer/dryer. . Luxury amenities include a 75-foot rooftop lap pool, hot tub, cold plunge, summer kitchen, a private rooftop theater, and three luxury coworking lounges in the building. 24-hour valet. Contactless package lockers. Prime location with Brickell, Bayside, Miami Worldcenter, Brightline, top dining and entertainment, Kaseya Center, Bayfront Park, Pérez Art Museum, and Frost Museum of Science all less than a 5–10-minute walk away. Ultimate short-term rental potential in one of Miami’s fastest-growing urban areas. This unit features an extra closet and larger tub/shower other studios in this building do not have.
Facts & features
Interior
- Living area (sq ft)
- 544
- Full bathrooms
- 2
- First Floor Entry
Building & exterior
- Year built
- 2026
- Garage spaces
- 1
- Covered spaces
- 1
- Waterfront
- Yes
- Bay
- Skyline
- Barbeque
- Courtyard
- Open Balcony
- 1 Space
- Valet
HOA (homeowners association)
- Association fee
- $800 per month
- Pets allowed
- Yes
- Bar
- Business Center
- Cabana
- Clubhouse-Clubroom
- No Restrictions
Taxes
- Annual tax
- $2,974
- Tax year
- 2025
- Parcel number
- 01-41-01-008-0850
Listing
- MLS number
- A12079665
- Property type
- Condominium
- Price per SqFt
- $1,193
- Subdivision
- 501 1ST AVE
- On market since
- Aug 28, 2026
- Days on market
- 0
Estimated monthly cost
$4,816 per month
- Principal & interest (30 yr)
- $3,282
- Property tax
- $248
- Insurance (estimated)
- $487
- Association fee
- $800
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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