ActiveMLS® A12033053

$970,000

121 NE 5th Street 2401, Miami, FL 33132

Beds: 2
Baths: 2
Sqft: 760

Est. payment$6,742/mo

Home type: Condominium
Year built: 2025
Lot size: —
Price / sqft: $1,276
HOA: $1,224/mo
Community: 501 FIRST RESIDENCES CONDO

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.

Listing activity

Days on market: 138
Listed: Jun 8, 2026
MLS listing updated: Aug 26, 2026
Feed last checked: 8 minutes ago

Listed by Marla Carolina Rivas · BHHS EWM Realty

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Bathrooms (decimal): 2
Full bathrooms: 2
Half bathrooms: 0

Rooms & features

Rooms: 0
Interior features: Elevator
Flooring: Other
Appliances: Other
Other equipment: Other

Heating & cooling

Heating: Central
Cooling: Central Air

Property

Parking

Garage spaces: 1
Garage: Yes
Carport spaces: 0
Covered spaces: 1
Parking features: Valet
Attached garage: No

Exterior

Stories: 40
Building area: 760 sqft
Exterior features: None
View: Other
Waterfront property: No

Construction

Type & style

Home type: Condominium
Year built: 2025
New construction: No

Materials

Construction: CBS
Property condition: Resale

Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision: 501 FIRST RESIDENCES CONDO
MLS area: 2410
Security: Elevator Secure, Security Guard, Security System
Pets allowed: No
55+ community: No

Association

Has association: Yes
Association fee: $1,224 monthly
Estimated monthly dues: $1,224
Amenities: Elevator(s), Lobby, Other

Lease details

Not reported by the listing source.

Location

Area details

City: Miami
County: Miami-Dade
ZIP code: 33132

Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number: A12033053
Possession: Other
Original list price: $1,050,000
Parcel number: 0141010080550
Annual property tax: $0
Tax year: 2025
Tax legal description: 501 FIRST RESIDENCES CONDO, UNIT 2401

Additional MLS details

Reported by the listing source

Association Amenities: Elevator(s), Lobby, Other
Association Fee Frequency: Monthly
Association: Yes
Bathrooms Total Decimal: 2
Bathrooms Total Integer: 2
Building Area Total: 760
Construction Materials: CBS
County Or Parish: Miami-Dade
Days On Market: 138
Elementary School: Frederick Douglass
High School: Booker T. Washington
List Price: 970000
Listing Contract Date: 2026-06-08
Living Area: 760
MLSArea Major: 2410
Middle Or Junior School: Jose De Diego
Mls Status: Active
On Market Date: 2026-06-08
Photos Count: 34
Postal Code: 33132
Price Change Timestamp: 2026-06-24T15:17:17Z
Property Sub Type: Condominium
Property Type: Residential
Rooms Total: 0
Security Features: Elevator Secure, Security Guard, Security System
Senior Community: No
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-06-08T04:00:00Z
Stories Total: 40
Subdivision Name: 501 FIRST RESIDENCES CONDO
Tax Annual Amount: 0
Bathrooms Full: 2
Bedrooms Total: 2
Waterfront: No
Bathrooms Half: 0
Financial Information: Estimated Monthly Assoc Recurring Fee: 1224

Market value

Automated estimate—No licensed valuation source connected

Estimated sales range—Ask Karim for a local market analysis

Estimated rent—No licensed rental valuation source connected

Price history

Date	Event	Price
Jun 8, 2026	ListedMIAMI REALTORS® MLS	$1,050,000$1,382/sqft
Jun 24, 2026	Price reducedMIAMI REALTORS® MLS	$970,000$1,276/sqft

Public tax history

Year	Property taxes	Assessment
2025	$0	—

Payment calculator

Estimated monthly payment$6,742/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $5,033
Property taxes: $0
Insurance: $485
Association dues: $1,224

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

501 FIRST RESIDENCES CONDO

Miami · Miami-Dade County · 33132

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Frederick DouglassElementary

—

Jose De DiegoMiddle

—

Booker T. WashingtonHigh

—

School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes