Condominium
121 NE 5th St # 2102
121 NE 5th St # 2102, Miami FL 33132 Get directions
$690,000
1 Bed · 2 Baths · 544 SqFt
See estimated monthly costThis listing is courtesy of Florida Capital Realty. Valeria Vega
Overview
Best deal at 501 First! Modern 1 Bed + Den condominium located in the heart of Downtown Miami, with exceptional views and prime positioning within the building. This unit is one of the few in the area featuring no rental restrictions, making it ideal for short-term or long-term rental income or personal use with maximum flexibility. Delivered fully furnished in a brand-new building, the residence has never been occupied, presenting a true turnkey opportunity for the next owner. Residents enjoy incredible, top-of-the-line amenities designed to elevate the lifestyle experience, including resort-style common areas and premium building features that support both comfort and strong rental demand. With the best location and one of the most desirable views in the building, the smart layout maximizes space and functionality. Situated steps from top dining, entertainment, shopping, and transit, this property represents a rare opportunity to own in a high-demand urban market with strong investment upside.
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
- $890 per month
- Pets allowed
- Yes
- Bar
- Business Center
- Cabana
- Clubhouse-Clubroom
- No Restrictions
- More Than 20 Lbs
Taxes
- Annual tax
- $0
- Tax year
- 2026
- Parcel number
- 01-41-01-008-0860
Listing
- MLS number
- A12023677
- Property type
- Condominium
- Price per SqFt
- $1,268
- Subdivision
- 501 1ST AVE
- On market since
- Jun 3, 2026
- Days on market
- 119
Estimated monthly cost
$4,897 per month
- Principal & interest (30 yr)
- $3,489
- Property tax
- $0
- Insurance (estimated)
- $518
- Association fee
- $890
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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