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$995,000
New Listing

121 NE 5th ST 2101
Miami, FL 33132

For Sale|Condominium|Active
2
Beds
2
Total Baths
2
Full Baths
835
SqFt
$1,192
/SqFt
2026
Built
Subdivision:
501 First Residences
County:
Miami-Dade

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121 NE 5th ST 2101121 NE 5th ST 2101121 NE 5th ST 2101121 NE 5th ST 2101
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Rare 2 Bed / 2 Bath at 501 First Residences, Downtown Miami's premier new tower. Perched on the 21st floor with a SE-facing balcony, this residence offers 760 sq ft per county records, with the developer's floor plan reflecting 835 sq ft interior + 180 sq ft balcony for 1,015 sq ft of total living area. Open-concept layout with floor-to-ceiling impact windows, custom Italian kitchen cabinetry, premium appliances, and in-unit washer/dryer. Primary bedroom features a full en-suite bath; second bedroom and additional full bath offer ideal flexibility for guests, roommates, or maximizing rental income. No rental restrictions — Airbnb allowed from day one. Delivered fully furnished and move-in ready. Enjoy 20,000+ sq ft of amenities: rooftop pool, hot tub, fitness center, 24/7 valet, co-working spaces, pet lounge, and media room — without condo-hotel restrictions. Steps from Miami Worldcenter, Brightline, Kaseya Center, and world-class dining. Minutes to Brickell, Wynwood, and MIA. The SE exposure frames iconic views of Biscayne Bay, PortMiami, and the Downtown skyline — among the most photogenic in the building. Unit is brand new and never occupied, offering true first-owner condition. With Downtown Miami's continued growth, strong short-term rental demand, and no income restrictions, this is a rare asset that works equally well as a primary residence, second home, or income-producing investment.

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Listing Snapshot
Price 
$995,000
Days On Site 
0 Days
Bedrooms 
2
Inside Area (SqFt) 
835 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
2026
MLS® Number 
A11998848
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
$1,244 monthly
Sq Ft Source 
Builder
Friends & Family
Recent Activity
22 hours agoListing first seen on site
yesterdayListing updated with changes from the MLS®
General Features
Disclosures 
None
Garage 
Yes
Garage Spaces 
1
Number Of Stories 
40
Parking 
DetachedGarageValet
Pets 
Dogs OKYes
Property Condition 
New Construction
Property Sub Type 
Condominium
Security 
Closed Circuit Camera(s)Fire AlarmKey Card EntrySecurity GuardFire Sprinkler SystemSmoke Detector(s)
Style 
HighRise
Interior Features
Appliances 
DryerDishwasherElectric RangeFreezerDisposalMicrowaveRefrigeratorSelf Cleaning Oven
Cooling 
Central Air
Flooring 
Tile
Furnished 
Furnished
Heating 
Central
Interior 
ElevatorMaster Downstairs
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Exterior Features
Exterior 
BalconyBarbecue
Patio And Porch 
Porch
Pool Features 
AssociationHeated
View 
BayCityWater
Waterview 
BayCityWater
Community Features
Association Amenities 
ClubhouseElevator(s)Fitness CenterBarbecueOtherPicnic AreaPoolSpa/Hot Tub
Association Dues 
1244
Building Access 
21
Financing Terms Available 
CashConventionalFHA
HOA Fee Frequency 
Monthly
MLS Area 
41
Listing courtesy of FL Prime LLC

The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. Information is deemed reliable but not guaranteed. Copyright © 2026, Miami Association of Realtors, Realtor Association of Greater Ft. Lauderdale, and the South Broward Board of Realtors. All rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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