$720,000
NEW CONSTRUCTION

121 NE 5th St Unit 1913 Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $5,336/month

Total Views 33
1 Bed
1.5 Baths
591 Sq Ft
$1,218 Price per Sq Ft

Highlights

  • Doorman
  • 1-minute walk to College North
  • Under Construction
  • Community Cabanas
  • Fitness Center
  • Bay View

About This Home

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 1⁄2 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

Listing Agent

Carolina Lara-arashiro

One Sotheby's International Realty License #3239403 Listed on: 02/01/2026

One Sotheby's International Realty

Co-Listing Agent

Andre Duek Roberto de Lima

One Sotheby's International Realty License #3461515

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2025 | Under Construction

HOA Fees

  • $870 Monthly HOA Fees

Parking

  • 1 Car Parking Space

Property Views

  • Bay
  • Skyline

Home Design

  • Entry on the 19th floor

Interior Spaces

  • 591 Sq Ft Home
  • Furnished
  • Built-In Features
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • Closet Cabinetry
  • Bathtub
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Balcony
  • East Facing Home

Community Details

Overview

  • 448 Units
  • High-Rise Condominium
  • 501 First Residences Condos
  • 501 First Residences Subdivision
  • 40-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Sauna
  • Clubhouse
  • Business Center
  • Community Center
  • Party Room
  • Lobby
  • Secure Lobby

Recreation

  • Fitness Center
  • Community Cabanas
  • Heated Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator
  • High Impact Door
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2025 | Under Construction

Lot Details

0

HOA Fees

$870 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2025
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: OSIR05
  • Co List Office Phone: 954-522-2831
  • Entry Level: 19
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 501 First Residences
  • Year Built Details: Under Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 720000
  • InternetRemarks: Fully furnished east-facing 1BD/1.5BA at 501 Residences with skyline & bay views. No rental restrictions. Ideal end-user or investment.
  • ShowingTimeFlag: Yes
  • Special Features: 4098

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: Lobby, Built-in Features, Closet Cabinetry, Fire Sprinklers
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Furnished: Furnished
  • Living Area: 591
  • Stories: 40
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Shower, Primary Bath Tub

Exterior Features

  • View: Bay, Skyline, Water View
  • Exterior Features: Open Balcony
  • Direction Faces: East
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: New Construction, Under Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: 501 First Residences
  • Parking Features: 1 Space, Other, Valet

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Smoke Detector, Doorman, Elevator Secure, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 870
  • Amenities: Business Center, Cabana, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Heated Pool, Other, Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2025

Multi Family

  • Number Of Units In Community: 448
  • Number Of Units Total: 448

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2026 02/01/26 For Sale $720,000 -- $1,218 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11955147

MIAMI REALTORS® MLS
Florida Miami/Dade County Miami 33132 Downtown Miami

121 NE 5th St Unit 1913, Miami, FL

For Sale

Condos

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Nearby Homes
Carolina Lara-arashiro
Listing Agent
Carolina Lara-arashiro
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One Sotheby's International Realty
(786) 947-2791