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$574,900 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 2 Full Baths
  • 544 Sq. Ft.
  • Updated 1 day ago
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The ultimate passive-income powerhouse in the heart of Downtown Miami at 501 First Residences! Unit 1602 is a fabulous, fully finished, and designer-furnished 1-bed + den, 2-bath luxury sanctuary optimizing 659 total sq. ft. (597 interior + private balcony). Delivering complete rental freedom with ZERO rental restrictions, you can host daily on platforms like Airbnb from day one. The interior sparkles with 9-foot ceilings, floor-to-ceiling glass, an urban balcony with stunning downtown city vistas, custom Italian cabinetry, and integrated premium Smeg appliances. The multi-functional den and full second bathroom provide unmatched guest flexibility to maximize daily booking rates! Indulge in 20,000+ sq. ft. of elite rooftop amenities: a 75-foot heated lap pool, hot hydrotherapy bath, outdoor movie theatre, world-class HOMAGE Fitness center, and co-working spaces. UNBEATABLE TRANSIT-ORIENTED LOCATION: Steps away from Miami Worldcenter's retail mega-district, blocks from world-class concerts and Heat games at the Kaseya Center, and a short walk to Bayside Marketplace and MiamiCentral Brightline Station. Capitalize on Miami's booming hospitality market with this premier real estate asset!

Full Property Details for 121 NE 5th St #1602

General

  • Price: $574,900
  • HOA FEE: $890/month
  • Taxes: (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A12108736
  • Updated: 10/21/2026
  • Added to Site: 4 day(s) ago

Interior

  • Interior Features: Other
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Flooring: Ceramic Floor

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 1
  • Bedroom Features: Entry Level, Other

Additional Information

  • Shared Amenities: Exercise Room, Heated Pool, Other, Pool
  • Maint. Includes: Cable Tv, Sewer, Trash Removal, Water
  • Security/Safety: Smoke Detector, Lobby Secured, Other

Exterior

  • Exterior Features: Open Balcony
  • Deck/Patio: Open Balcony

Parking

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

Location

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

Community

  • Community Name: 501 First Residences Condo
  • Association: Yes

Heating & Cooling

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

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Entry Floor Number: 16
  • Building Size: 544
  • Square Feet: 544
  • Living Area: 544 Sq. Ft.
  • Year Built: 2025
  • Property Condition: New Construction

Lot Features

  • Property View: Other View

Financial Considerations

  • Price Per Sq. Ft.: $1,056.8
  • Association Fee: $890
  • Assoc Fee Freq.: Monthly
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: 501 FIRST RESIDENCE CONDO
  • Restrictions: Daily Rentals Allowed
  • Property ID: 01-41-01-008-0810

Listed by EXP Realty LLC

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Listing agent

— 121 NE 5th St #1602 —

  • EXP Realty LLC

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 St #1602

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 St #1602 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/19/2026
Listed
$574,900
-17.99%
MLS
8/06/2026
Sold
$701,000
—
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 St #1602

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 St #1602

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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 EXP Realty LLC

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121 NE 5th St #1602, Miami, FL 33132 (MLS# A12108736) is a Condo property with 1 bedroom and 2 full bathrooms. 121 NE 5th St #1602 is currently listed for $574,900 and was received on October 19, 2026. Want to learn more about 121 NE 5th St #1602? 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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