Date
Details
Price
Change
Source
6/08/2026
Listed
$1,050,000
—
MLS
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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$1,050,000 Just Listed
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Property Description
Exceptional investment opportunity at 501 First Residences, a newly delivered luxury tower in the heart of Downtown Miami. This high-floor 2BR/2BA residence offers modern finishes, floor-to-ceiling impact glass, a private balcony with skyline views, and a turnkey layout ideal for income production. The building is designed for flexible short-term rentals, allowing daily or short stays, making it highly attractive for Airbnb -style income strategies. Strong demand from tourist, business travelers, and the Miami World center district supports consistent occupancy potential. Residents enjoy resort-style amenities including rooftop pool, fitness center, co-working spaces, concierge, and 24 hour security. Unbeatable location steps form Miami Worldcenter, Brightline, Kaseya Center, Bayfront Park, etc.
Full Property Details
Full Property Details for 121 NE 5th St #2401
General
- Price: $1,050,000
- HOA FEE: $1,224/month
- Taxes: (2025)
- Status: Active
- Type: Condo
- Source: Greater_Miami
- MLS ID: A12033053
- Updated: 6/10/2026
- Added to Site: 5 day(s) ago
Interior
- Interior Features: Lobby, Elevator
- Appliances: Other Equipment/Appliances
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
- Bedroom Features: Entry Level
Additional Information
- Shared Amenities: Elevator(s), Other
- Maint. Includes: Other Maintenance Includes
- Security/Safety: Elevator Secure, Guard At Site, Lobby Secured
Exterior
- Exterior Features: None
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Parking Features: Valet, Limited # Of Vehicle
Location
- Area: 501 First Residences Condo
- County: Miami-Dade County
- Subdivision: 501 FIRST RESIDENCES CONDO
- Building Name: 501 FIRST RESIDENCES COND
Community
- Community Name: 501 First Residences Condo
- Association: Yes
- Units Assoc/Comm: 448
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
- Construction: CBS Construction
- Entry Floor Number: 24
- Building Size: 760
- Square Feet: 760
- Living Area: 760 Sq. Ft.
- Year Built: 2025
Unit Information
- Units in Complex: 448
Lot Features
- Property View: Other View
Financial Considerations
- Price Per Sq. Ft.: $1,381.58
- Association Fee: $1,224
- Assoc Fee Freq.: Monthly
- Tax Year: 2025
- Terms: All Cash, Assumable
Disclosures and Reports
- Legal Description: 501 FIRST RESIDENCES CONDO, UNIT 2401
- Restrictions: Ok To Lease
- Inclusions: Deeded Dock
- Property ID: 01-41-01-008-0550
Listed by BHHS EWM Realty
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— 121 NE 5th St #2401 —
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Schools
Schools serving 121 NE 5th St #2401
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Frederick R. Douglass Elementary School 314 Northwest 12th Street, Miami, FL 33136 | PK-5 | 0.7 mi |
Jose De Diego Middle School 3100 Northwest 5th Avenue, Miami, FL 33127 | 6-8 | 2 mi |
Booker T. Washington Senior High School 1200 Northwest 6th Avenue, Miami, FL 33136 | 9-12 | 0.9 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 #2401
Tax History
Tax History for 121 NE 5th St #2401
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
—
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
Estimate the Cost for 121 NE 5th St #2401
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121 NE 5th St #2401, Miami, FL 33132 (MLS# A12033053) is a Condo property with 2 bedrooms and 2 full bathrooms. 121 NE 5th St #2401 is currently listed for $1,050,000 and was received on June 08, 2026. Want to learn more about 121 NE 5th St #2401? 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.