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$595,000

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 606 Sq. Ft.
  • Updated 3 days ago
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Newly delivered 1BR/1BA corner residence at 501 Residences, offered fully furnished and turnkey, including linens, towels, dishes, and household essentials, making it ideal for immediate rental or move-in. This light-filled unit features northeast exposure with balcony views toward Biscayne Bay. Located just one block from Miami Worldcenter, 501 Residences offers a distinct advantage in Downtown Miami with no hotel component, providing a more residential, less transient environment than nearby condo-hotel buildings. Residents enjoy a full suite of amenities, including a 75' rooftop pool with spa and cold plunge, private dining room with kitchen, TV lounge, co-working lounge, Sunrise and Sunset terraces, The Green House, Sunset Theatre, summer kitchen, bicycle storage, and additional storage. Enjoy modern design, quality finishes, and a prime location surrounded by dining, entertainment, transit, and cultural destinations. Perfect as a primary residence, pied-á-terre, or investment opportunity in one of Downtown Miami's most desirable areas.

Full Property Details for 121 NE 5th St #1608

General

  • Price: $595,000
  • HOA FEE: $877/month
  • Taxes: (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11954365
  • Updated: 2/23/2026
  • Added to Site: 24 day(s) ago

Interior

  • Interior Features: Lobby, Closet Cabinetry, Elevator, Fire Sprinklers
  • Appliances: Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Furnished: Yes
  • Furnishings: Furnished

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Primary Bathroom: Shower Only

Bedrooms

  • Total Bedrooms: 1
  • Bedroom Features: Entry Level

Other Rooms

  • Dining Room: Dining/Living Room

Additional Information

  • Shared Amenities: Business Center, Clubhouse-Clubroom, Exercise Room, Storage, Trash Chute
  • Maint. Includes: All Amenities, Building Exterior, Common Area, Elevator, Manager, Outside Maintenance, Pool Service, Trash Removal
  • Security/Safety: Fire Sprinklers, Smoke Detector, Lobby Secured

Exterior

  • Exterior Features: East Of Us1, Open Balcony
  • Deck/Patio: Open Balcony

Parking

  • Parking Features: Other

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
  • Heating Type: Central

Structural Information

  • Architectural Style: Corner Unit
  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Windows: Complete Impact Glass, Blinds
  • Doors: High Impact Doors
  • Entry Floor Number: 16
  • Square Feet: 606
  • Living Area: 606 Sq. Ft.
  • Year Built: 2025
  • Property Condition: New Construction

Lot Features

  • Property View: Bay, Skyline

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $981.85
  • Association Fee: $877
  • Assoc Fee Freq.: Monthly
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: 501 First Residences
  • Restrictions: See Broker Remarks
  • Property ID: 00-00-00-000-1608

Listed by Compass Florida, LLC

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Listing agent

— 121 NE 5th St #1608 —

  • Compass Florida, 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 #1608

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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 121 NE 5th St #1608 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/19/2026
Price Reduced
$595,000
-8.32%
MLS
2/03/2026
Listed
$649,000
—
MLS
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.

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NMLS#: 1598647

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Listed by Compass Florida, LLC

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121 NE 5th St #1608, Miami, FL 33143 (MLS# A11954365) is a Condo property with 1 bedroom and 1 full bathroom. 121 NE 5th St #1608 is currently listed for $595,000 and was received on February 03, 2026. Want to learn more about 121 NE 5th St #1608? Do you have questions about finding other Condo real estate for sale in Allapattah? You can browse all Allapattah real estate or contact a Coldwell Banker agent to request more information.

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