121 NE 5th Street, Miami, FL 33132
  • $995,000

Description

Rare 2 Bed / 2 Bath at 501 First Residences, Downtown Miami’s premier new tower. Perched on the 21st floor with a SE-facing balcony, this residence offers 760 sq ft per county records, with the developer’s floor plan reflecting 835 sq ft interior + 180 sq ft balcony for 1, 015 sq ft of total living area.Open-concept layout with floor-to-ceiling impact windows, custom Italian kitchen cabinetry, premium appliances, and in-unit washer/dryer. Primary bedroom features a full en-suite bath; second bedroom and additional full bath offer ideal flexibility for guests, roommates, or maximizing rental income. No rental restrictions — Airbnb allowed from day one. Delivered fully furnished and move-in ready.Enjoy 20, 000+ sq ft of amenities: rooftop pool, hot tub, fitness center, 24/7 valet, co-working spaces, pet lounge, and media room — without condo-hotel restrictions.Steps from Miami Worldcenter, Brightline, Kaseya Center, and world-class dining. Minutes to Brickell, Wynwood, and MIA.The SE exposure frames iconic views of Biscayne Bay, PortMiami, and the Downtown skyline — among the most photogenic in the building. Unit is brand new and never occupied, offering true first-owner condition. With Downtown Miami’s continued growth, strong short-term rental demand, and no income restrictions, this is a rare asset that works equally well as a primary residence, second home, or income-producing investment.

  • Address: 121 NE 5th Street
  • City: Miami
  • State/County: FL
  • Zip/Postal Code: 33132

Details

Updated on July 24, 2026 at 4:11 pm
  • MLS # A11998848
  • Price $995,000
  • Bedrooms 2
  • Bathrooms 2
  • Garage 1.0
  • Garage Size x x
  • Year Built 2026
  • Property Status Active
  • Office Name FL Prime LLC
  • Agent Name Tomas Furman

Additional Details

  • Listing Terms Cash, Conventional, FHA
  • Association Fee 1244.0
  • Cooling Central Air
  • Heating Central
  • Flooring Tile
  • County Miami-Dade
  • Property Type Residential
  • Pool Private, Association, Heated
  • Parking Detached, Garage, Valet
  • Elementary School Frederick Douglass
  • Middle School Jose De Diego
  • High School Booker T. Washington
  • Community Features Home Owners Association

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