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$475,000

  • For Sale
  • Active
  • Condo
  • 1 Full Bath
  • Updated 10 days ago
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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!

Full Property Details for 121 NE 5th #501B

General

  • Price: $475,000
  • HOA FEE: $563/month
  • Taxes: (2026)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11974262
  • Updated: 3/19/2026
  • Added to Site: 29 day(s) ago

Interior

  • Interior Features: Walk-In Closet(s)
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Flooring: Ceramic Floor, Tile

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Primary Bathroom: Combination Tub & Shower

Bedrooms

  • Bedroom Features: Studio

Additional Information

  • Shared Amenities: Bike Storage, Billiard Room, Clubhouse-Clubroom, Elevator(s), Heated Pool, Spa/Hot Tub
  • Maint. Includes: Internet/WiFi, Parking
  • Security/Safety: Fire Alarm, Card Entry, Lobby Secured

Exterior

  • Exterior Features: Barbecue

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: 1 Space, Covered

Location

  • Area: 501 First Residences
  • County: Miami-Dade County
  • Subdivision: 501 FIRST RESIDENCES
  • Building Name: 501 FIRST RESIDENCES

Community

  • Community Name: 501 First Residences
  • Association: Yes
  • Pets Allowed: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central, Electric

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Entry Floor Number: 5
  • Sq. Ft. Source: Developer
  • Year Built: 2025
  • Property Condition: New Construction

Lot Features

  • Property View: None

Financial Considerations

  • Association Fee: $563
  • Assoc Fee Freq.: Monthly
  • Tax Year: 2026
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Restrictions: Ok To Lease
  • Property ID: 01-02-06-020-1150

Listed by Core Realty Associates, Inc.

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Listing agent

— 121 NE 5th #501B —

  • Core Realty Associates, Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 121 NE 5th #501B

School District:Dade County School District
NameGradesDistance
Frederick R. Douglass Elementary School
314 Northwest 12th Street, Miami, FL 33136
PK-50.7 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-82 mi
Booker T. Washington Senior High School
1200 Northwest 6th Avenue, Miami, FL 33136
9-120.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 121 NE 5th #501B Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/01/2026
Listed
$475,000
5.56%
MLS
2/26/2026
Sold
$450,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 121 NE 5th #501B

Year
Property Taxes
Change
Tax Assessment
Change
2025
$85,587
—
$4,200,000
-14%
2024
$85,707
5%
$4,900,000
—
2023
$81,451
12%
$4,900,000
40%
2021
$72,937
-9%
$3,489,159
-28%
2022
$79,753
9%
$4,876,638
40%
2021
$72,937
14%
$3,489,180
28%
2019
$64,097
8%
$2,724,608
10%
2018
$59,098
21%
$2,476,917
10%
2017
$48,755
-3%
$2,251,743
—
2016
$50,200
136%
$2,251,764
722%
2015
$21,272
94%
$273,986
10%
2014
$10,970
109%
$249,079
10%
2013
$5,237
—
$226,436
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 121 NE 5th #501B

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Core Realty Associates, Inc.

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121 NE 5th #501B, Miami, FL 33132 (MLS# A11974262) is a Condo property with 0 bedrooms and 1 full bathroom. 121 NE 5th #501B is currently listed for $475,000 and was received on March 01, 2026. Want to learn more about 121 NE 5th #501B? Do you have questions about finding other Condo real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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