For sale

Price cut: $80K (6/24)

$970,000

121 NE 5th St #2401, Miami, FL 33132

2beds

760sqft

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Condominium

Built in 2025

-- sqft lot

$-- Zestimate^®

$1,276/sqft

$1,224/mo HOA

What's special

Modern finishesRooftop poolFloor-to-ceiling impact glass

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.

38 days

49

3

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Central

Cooling

Central Air

Appliances

Included: Other

Features

Lobby, Elevator
Flooring: Other

Interior area

Total structure area: 760
Total interior livable area: 760 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 1
Parking features: Valet, Limited # Of Vehicle
Garage spaces: 1

Features

Exterior features: None
Has view: Yes
View description: Other

Details

Parcel number: 0141010080550
Other equipment: Other

Construction

Type & style

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

Materials

CBS Construction

Condition

Year built: 2025

Community & HOA

Community

Security: Elevator Secure, Security Guard, Lobby Secured
Application fee: $150
Subdivision: 501 First Residences Condo

HOA

Has HOA: Yes
Amenities included: Elevator(s), Other
HOA fee: $1,224 monthly

Location

Region: Miami

Financial & listing details

Price per square foot: $1,276/sqft
Date on market: 6/8/2026
Listing terms: All Cash,Assumable

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/24/2026	Price change	$970,000-7.6%$1,276/sqft
Source: MIAMI #A12033053 Report a problem
6/9/2026	Listed for sale	$1,050,000$1,382/sqft
Source: MIAMI #A12033053 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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