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$649,900 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 2 Full Baths
  • 597 Sq. Ft.
  • Updated 39 minutes ago
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Best deal at 501 First! Modern 1 Bed + Den condominium located in the heart of Downtown Miami, with exceptional views and prime positioning within the building. This unit is one of the few in the area featuring no rental restrictions, making it ideal for short-term or long-term rental income or personal use with maximum flexibility. Delivered fully furnished in a brand-new building, the residence has never been occupied, presenting a true turnkey opportunity for the next owner. Residents enjoy incredible, top-of-the-line amenities designed to elevate the lifestyle experience, including resort-style common areas and premium building features that support both comfort and strong rental demand. With the best location and one of the most desirable views in the building, the smart layout maximizes space and functionality. Situated steps from top dining, entertainment, shopping, and transit, this property represents a rare opportunity to own in a high-demand urban market with strong investment upside. Seller financing available.

Full Property Details for 121 NE 5th St #2411

General

  • Price: $649,900
  • HOA FEE: $890/month
  • Taxes: (2026)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11975772
  • Updated: 3/5/2026
  • Added to Site: 2 day(s) ago

Interior

  • Interior Features: Built-in Features, Closet Cabinetry, Custom Mirrors, Den/Library/Office
  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Washer and Dryer (Leased)
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 1
  • Bedroom Features: Other

Other Rooms

  • Living Room: Den/Library/Office Sq. Ft.
  • Dining Room: Dining/Living Room

Additional Information

  • Shared Amenities: Barbecue, Billiard Room, Business Center, Child Play Area, Clubhouse-Clubroom, Exercise Room, Other, Pool, Sauna, Spa/Hot Tub, Trash Chute
  • Maint. Includes: All Amenities, Common Area, Hot Water, Insurance, Internet/WiFi, Landscaping/Lawn Maintenance, Manager, Other Maintenance Includes, Pool Service, Recreation Facilities, Sewer, Trash Removal, Water
  • Security/Safety: Doorman, Elevator Secure, Lobby Secured

Exterior

  • Exterior Features: Barbecue
  • Deck/Patio: Deck

Parking

  • Parking Features: 1 Space, 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
  • Construction: CBS Construction
  • Doors: High Impact Doors
  • Entry Floor Number: 24
  • Building Size: 659
  • Square Feet: 597
  • Living Area: 597 Sq. Ft.
  • Year Built: 2026
  • Property Condition: New Construction

Lot Features

  • Property View: Bay, Skyline

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $1,088.61
  • Association Fee: $890
  • Assoc Fee Freq.: Monthly
  • Tax Year: 2026
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: 501 First Residences Unit 2411
  • Restrictions: Daily Rentals Allowed, No Restrictions
  • Property ID: 00-00-00-501-2411

Listed by Rutois International Realty LLC

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Listing agent

— 121 NE 5th St #2411 —

  • Rutois International Realty LLC

Get Pre-Approved Today

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 #2411

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 #2411 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/03/2026
Listed
$649,900
104.37%
MLS
1/16/2026
Sold
$318,000
—
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 #2411

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 #2411

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

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with our affiliated lender
NMLS#: 1598647

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Listed by Rutois International Realty LLC

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121 NE 5th St #2411, Miami, FL 33132 (MLS# A11975772) is a Condo property with 1 bedroom and 2 full bathrooms. 121 NE 5th St #2411 is currently listed for $649,900 and was received on March 03, 2026. Want to learn more about 121 NE 5th St #2411? 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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