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$995,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 2 Full Baths
  • 835 Sq. Ft.
  • Updated 1 day ago
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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.

Full Property Details for 121 NE 5th St #2101

General

  • Price: $995,000
  • HOA FEE: $1,244/month
  • Taxes: (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11998848
  • Updated: 4/10/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: Closet Cabinetry, Fire Sprinklers
  • Appliances: Dishwasher, Disposal, Dryer, Free-Standing Freezer, Microwave, Electric Range, Refrigerator, Self-Cleaning Oven
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Primary Bathroom: 2 Primary Bathrooms

Bedrooms

  • Total Bedrooms: 2
  • Bedroom Features: Entry Level, Primary Bath Shower

Additional Information

  • Shared Amenities: Barbecue, Business Center, Community Room, Elevator(s), Exercise Room, Heated Pool, Kitchen Facilities, Other, Pool, Private Pool, Spa/Hot Tub
  • Maint. Includes: All Amenities
  • Security/Safety: Fire Sprinklers, Fire Alarm, Smoke Detector, Card Entry, Guard At Site, Lobby Secured, Security Patrol, TV Camera
  • Equipment: Elevator

Exterior

  • Exterior Features: Barbecue, Open Balcony
  • Deck/Patio: Open Balcony, Open Porch

Parking

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

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: High Rise
  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Windows: Complete Impact Glass
  • Doors: High Impact Doors
  • Entry Floor Number: 21
  • Square Feet: 835
  • Sq. Ft. Source: Developer
  • Living Area: 835 Sq. Ft.
  • Year Built: 2026
  • Property Condition: New Construction

Lot Features

  • Property View: Bay, Skyline, Water View

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $1,191.62
  • Association Fee: $1,244
  • Assoc Fee Freq.: Monthly
  • Tax Year: 2025
  • Terms: All Cash, Conventional, FHA

Disclosures and Reports

  • Legal Description: 501 FIRST RESIDENCES CONDO UNIT 2101 OFF REC 35067-4463
  • Restrictions: Daily Rentals Allowed, Ok To Lease
  • Property ID: 01-41-01-008-0520

Listed by FL Prime LLC

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Listing agent

— 121 NE 5th St #2101 —

  • FL Prime LLC

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 121 NE 5th St #2101

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 #2101 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/10/2026
Listed
$995,000
121.11%
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 St #2101

Year
Property Taxes
Change
Tax Assessment
Change
2024
$85,707
—
$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 #2101

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

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NMLS#: 1598647

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Listed by FL Prime LLC

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121 NE 5th St #2101, Miami, FL 33132 (MLS# A11998848) is a Condo property with 2 bedrooms and 2 full bathrooms. 121 NE 5th St #2101 is currently listed for $995,000 and was received on April 10, 2026. Want to learn more about 121 NE 5th St #2101? 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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