New construction

$595,000

121 NE 5th St #1913, Miami, FL 33132

1beds

591sqft

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Condominium

Built in 2025

-- sqft lot

$-- Zestimate^®

$1,007/sqft

$870/mo HOA

What's special

Private balconyModern designFloor-to-ceiling windowsRooftop poolCustom italian cabinetry

Experience luxury urban living at 501 First Residences, a brand-new 40-story condominium in Downtown Miami with no rental restrictions and exceptional income potential in the vibrant heart of Downtown Miami. This fully furnished 591 SqFt 1 Bed / 1 ½ Bath east-facing residence features expansive skyline and bay views, overlooking Downtown Miami landmarks including the Freedom Tower, PortMiami, and Biscayne Bay. Modern design, floor-to-ceiling windows, private balcony,custom Italian cabinetry and in-unit washer/dryer. Located just steps from Miami Worldcenter, dining, entertainment, transit, and cultural destinations, 501 Residences redefines downtown lifestyle with over 20,000 sq. ft. of resort-style amenities including 24/7 valet, rooftop pool, fitness center, co-working spaces, pet lounge, private club suite, media room, and more. A turn-key opportunity in Miami’s most dynamic urban core. Ideal for full-time living or income-generating investment

165 days

14

2

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Heating

Electric

Cooling

Electric

Appliances

Included: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer

Features

Lobby, Built-in Features, Closet Cabinetry
Flooring: Tile
Doors: High Impact Doors
Furnished: Yes

Interior area

Total interior livable area: 591 sqft

Video & virtual tour

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Property

Parking

Parking features: 1 Space, Other, Valet

Features

Exterior features: Balcony
Pool features: Association
Spa features: Community
Has view: Yes
View description: Bay, Skyline, Water
Has water view: Yes
Water view: Bay,Water

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Condition

New Construction,Under Construction
New construction: Yes
Year built: 2025

Community & HOA

Community

Security: Fire Sprinkler System, Smoke Detector, Doorman, Elevator Secure, Lobby Secured
Application fee: $150
Pet fee: $150
Subdivision: 501 First Residences

HOA

Has HOA: Yes
Amenities included: Business Center, Cabana, Clubhouse-Clubroom, Community Room, Elevator(s), Fitness Center, Pool, Other, Sauna, Spa/Hot Tub
HOA fee: $870 monthly

Location

Region: Miami

Financial & listing details

Price per square foot: $1,007/sqft
Date on market: 2/1/2026
Listing terms: All Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
4/13/2026	Price change	$595,000-12.5%$1,007/sqft
Source: MIAMI #A11955147 Report a problem
2/27/2026	Price change	$680,000-5.6%$1,151/sqft
Source: MIAMI #A11955147 Report a problem
2/1/2026	Listed for sale	$720,000$1,218/sqft
Source: MIAMI #A11955147 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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