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121 NE 5th St # 2401, Miami FL 33132

Condo/Co-op For Sale
$1,050,000

BTC: 16.80000000

ETH: 623.99714744

New
2 bds
2 ba
760 sqft

Overview

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.

Location

Florida • Miami • 33132 • Condo/Co-op • For Sale

Details

Type:
Residential
Parking:
Valet / Limited # Of Vehicle
Year Built:
2025
Lot:
No Data
Heating:
Central
Price/sqft:
$1,382
Cooling:
Other
HOA:
$150

Valuation

Our model vs. what's actually selling nearby.
Estimate
$825,000
$540K – $1.4M
Confidence Low
List vs. estimate
$225K above estimate
List $1,050,000 · +27.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,381
+145.3% vs. city median $563
Based on
87 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $571K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

HOA
$150/mo
View
Other View
Pets
Not allowed
All facts and features

  • Flooring

    • Other

    Heating

    • Central

    Cooling

    • Other

    Appliances

    • Other Equipment/Appliances

    Other interior features

    • Lobby

    • Elevator

    Bedrooms and bathrooms

    • Bedrooms: 2

    • Full bathrooms: 2

  • Parking

    • Valet

    • Limited # Of Vehicle

    Property

    • Exterior Features: None

    Other Property Information

    • Parcel Number: 01-41-01-008-0550

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $150

    • HOA Frequency: Monthly

  • Source details

    • MLS ID: A12033053

    Other facts

    • Construction Materials: CBS Construction

    • Architectural Style: High Rise

    • Living Area: 760

    • Subdivision Name: 501 FIRST RESIDENCES CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33132
706
median $635K
Active
Same city
Miami
11,795
median $649K
Active
Same type
Condo/Co-op
6,261
median $499K
Active
Similar price
$735K – $1.4M
2,361
median $930K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: BHHS EWM Realty