Beautiful 1 Bed 1 Den/ 2 Full Baths in the brand new 501 First Residences in Downtown Miami. Spectacular views! Fully furnished and move-in ready, just bring your toothbrush! No rental restrictions-Airbnb allowed. Amazing amenities!!! Don’t miss the opportunity to live in the heart of Miami, where everyone wants to be. Amazing restaurants, coffee places, Apple Store, everything you need is nearby. You can use it as a second home or short-term rental, it’s the perfect combination. It’s not a condo-hotel. Don’t miss it!!!
CondoProperty Type
2026Year Built
$895/moHOA Dues
1 spaceParking
Listed by Gladys Lell• Affinity International Realty
Miami Central Business District, located between Biscayne Bay and the Miami River, is a commercial and cultural Miami neighborhood with a skyline of glass towers and a web of Metromover loops. The neighborhood’s pulse concentrates around Bayfront Park and Biscayne Boulevard, where office lobbies, waterfront promenades, and arena-night crowds share the same blocks. The Adrienne Arsht Center for the Performing Arts anchors the arts calendar, while HistoryMiami Museum and the Olympia Theater add heritage and marquee lights. Brickell Avenue and Flagler Street frame a street grid of mid-century banks, new high-rises, and shaded plazas. Bayside Marketplace and the Baywalk set a breezy edge for lunch breaks and evening strolls. Government Center and MiamiCentral keep the district oriented around transit and downtown routines.
Provided by Walk Score and Local Logic
Market insights
121 NE 5th St #2611 · $598,900
DAYS ON MARKET
190 days
The average home goes pending in 112 days.
SALE-TO-LIST
93.9%
Most homes are selling 6% below list price.
LIST PRICE
$598,900
Median sale price in this area is $378,750. (37% lower than this home)
PRICE DROP
3 price drops
14% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Built-in features
Closet cabinetry
Custom mirrors
Other
Bedrooms
Den
Bathrooms
2 full bathrooms
Kitchen
Dishwasher
Electric range
Disposal
Icemaker
Microwave
Refrigerator
Trash compactor
Laundry & utility
Washer
Dryer
Flooring
Ceramic tile
Heating & cooling
Central heating
Central air conditioning
Exterior features
Barbecue
Deck
Security/high impact doors
Association pool
Has a view
Home design
Condo/Apartment in a 40-story building
New construction
Property is attached
Entry on level 26
Parking
One space with valet
Security
Doorman
Secured elevator
Secured lobby
Construction
Block construction
Utilities
Cable available
HOA & community
Monthly association fee of $895
Association fee covers management, amenities, common areas, hot water, insurance, internet, grounds maintenance, pool(s), recreation facilities, sewer, trash and water
Association amenities include billiard room, business center, clubhouse, elevators, fitness center, barbecue/picnic area, playground, pool, sauna, spa/hot tub and trash service
Financial info
Pets allowed (conditional)
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
1
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
2025
Finished Sq. Ft.
544
Unfinished Sq. Ft.
—
Total Sq. Ft.
544
Year built
2025
Style
Condo/Co-op
County
Miami-Dade County
APN
0141010083970
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 19, 2026.
T6-80-O
Urban Core Transect Zone Open
The Urban Core Zone consists of the highest Density and greatest variety of Uses, including Civic Buildings of regional importance. A network of small blocks has Thoroughfares with wide Sidewalks, with steady tree planting and Buildings set close to the Frontage with frequent doors and windows.
Permitted uses
Include but are not limited to:
Community / recreation center
Religious facility
Restaurant
Housing-Single unit
Housing-Multiple units
Housing-Student
Bed & breakfast
Hotel / motel
Mixed use
Office
Climate risks
5/10 Flood Factor
Estimated 19-29% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 103° expected this year, 28 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Miami, FL • 33132
Average low and high temperatures (°F)
74
62
76
65
78
69
80
73
86
78
87
80
89
81
90
80
87
78
84
77
80
71
77
68
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
53/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
5.3 hrs
3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 121 NE 5th St #2611
$574,921
$24K under list price of $599K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $420K to $785K.