$595,000
NEW CONSTRUCTION $125K PRICE DROP

121 NE 5th St Unit 1913 Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $4,679/month

Total Views 289
1 Bed
1.5 Baths
591 Sq Ft
$1,007 Price per Sq Ft

Highlights

  • Valet Parking
  • 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

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

Lot Details

  • East Facing Home

HOA Fees

  • $870 Monthly HOA Fees

Parking

  • 1 Open Parking Space

Property Views

  • Bay
  • City

Home Design

  • Entry on the 19th floor

Interior Spaces

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

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Closet Cabinetry
  • Separate Shower in Primary Bathroom
  • Soaking Tub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Heated Pool
  • Balcony
  • Open Patio
  • Outdoor Living Area

Schools

  • Frederick Douglass Elementary School
  • Jose De Diego Middle School
  • Booker T. Washington High School

Utilities

  • Cooling Available
  • Heating Available

Community Details

Overview

  • Association fees include common areas, hot water, internet, ground maintenance, pool(s), recreation facilities, sewer, security, trash, water
  • 501 First Residences Subdivision
  • Community Parking
  • 40-Story Property

Amenities

  • Valet Parking
  • Sauna
  • Clubhouse
  • Business Center
  • Secure Lobby

Recreation

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

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Resident Manager or Management On Site
  • Secure Elevator
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2025 | Under Construction

Lot Details

0 Sq Ft Lot

HOA Fees

$870 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Condominium
  • Property Sub Type Additional: Condominium
  • Year Built: 2025
  • Entry Level: 19
  • New Construction: Yes
  • DelayedMarketingYN: No
  • Special Features: 4098

Interior Features

  • Interior Amenities: Built-in Features, Bathtub, Closet Cabinetry, Main Level Primary, Soaking Tub, Separate Shower
  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Tile
  • Living Area: 591.0
  • Stories: 40

Exterior Features

  • Exterior Features: Balcony, Outdoor Living Area
  • View: Bay, City, Water
  • Pool Features: Association, Heated
  • View: Yes
  • Waterfront: No
  • Direction Faces: East
  • Patio And Porch Features: Open, Balcony
  • Property Condition: New Construction, Under Construction

Garage/Parking

  • Open Parking Spaces: 1.0
  • Garage Yn: No
  • Parking Features: Valet

Utilities

  • Security: Security System, Elevator Secured, Fire Sprinkler System, Lobby Secured, Smoke Detector(s)
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 870.0
  • Pets Allowed: Yes
  • Community Features: Home Owners Association
  • Senior Community: No
  • Amenities: Business Center, Cabana, Clubhouse, Fitness Center, Management, Other, Pool, Parking, Sauna, Spa/Hot Tub, Elevator(s)
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Pets Allowed: Pet Restrictions, Yes

Fee Information

  • Association Fee Includes: Common Areas, Hot Water, Internet, Maintenance Grounds, Pool(s), Recreation Facilities, Sewer, Security, Trash, Water

Schools

  • Elementary School: Frederick Douglass
  • High School: Booker T. Washington
  • Middle Or Junior School: Jose De Diego

Lot Info

  • Mobile Dim Units: Feet

Tax Info

  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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: BeachesMLS (Greater Fort Lauderdale)

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: A11955147

BeachesMLS (Greater Fort Lauderdale)
Florida Miami/Dade County Miami 33132 Downtown Miami

121 NE 5th St Unit 1913, Miami, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS (Greater Fort Lauderdale) All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively 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.

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