$995,000
NEW CONSTRUCTION

121 NE 5th St Unit 2101 Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $7,729/month

Total Views 439
2 Beds
2 Baths
835 Sq Ft
$1,192 Price per Sq Ft

Highlights

  • Valet Parking
  • 1-minute walk to College North
  • Bay View
  • Fitness Center
  • New Construction
  • Two Primary Bathrooms

About This Home

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.

Listing Agent

Tomas Furman

FL Prime LLC License #3366332 Listed on: 04/10/2026

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2026 | New Construction

HOA Fees

  • $1,244 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

  • Bay
  • Skyline

Home Design

  • Entry on the 21st floor

Interior Spaces

  • 835 Sq Ft Home
  • Furnished
  • Tile Flooring
  • Video Cameras
  • Dryer

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Free-Standing Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Closet Cabinetry
  • Two Primary Bathrooms
  • 2 Full Bathrooms
  • Primary Bathroom includes a Walk-In Shower

Outdoor Features

  • Balcony
  • Outdoor Grill
  • Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01-41-01-008-0520

Community Details

Overview

  • High-Rise Community
  • 501 First Residences Condos
  • 501 First Residences Subdivision
  • 40-Story Property

Amenities

  • Valet Parking
  • Community Barbecue Grill
  • Community Kitchen
  • Business Center
  • Community Center
  • Party Room
  • Secure Lobby
  • Elevator

Recreation

  • Fitness Center
  • Heated Community Pool
  • Community Spa

Pet Policy

  • Dogs Allowed

Security

  • Security Guard
  • Card or Code Access
  • Complete Impact Glass
  • High Impact Door
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Year Built

Built in 2026 | New Construction

Lot Details

0 Sq Ft Lot

HOA Fees

$1,244 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2026
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 21
  • Garage Yn: Yes
  • Horses: No
  • New Construction: Yes
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 501 First Residences
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 995000
  • InternetRemarks: True 2/2 on 21st fl, SE balcony & views. 760 SF county record / 1,015 SF per developer. Turnkey, furnished. No rental restrictions. STR/Airbnb OK.
  • ShowingTimeFlag: Yes
  • Special Features: 4098

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Free-Standing Freezer
  • Interior Amenities: Closet Cabinetry, Fire Sprinklers
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Furnished: Furnished
  • Living Area: 835
  • Other Equipment: Elevator
  • Stories: 40
  • Window Features: Complete Impact Glass
  • Bedroom Features: Entry Level, Primary Bath Shower
  • Master Bathroom Features: 2 Primary Bathrooms

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Park Building Name: 501 First Residences
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Sprinklers, Fire Alarm, Smoke Detector, Card Entry, Guard At Site, Lobby Secured, Security Patrol, TV Camera

Condo/Co-op/Association

  • Association Fee: 1244
  • Amenities: Barbecue, Business Center, Community Room, Elevator(s), Exercise Room, Heated Pool, Kitchen Facilities, Other, Pool, Private Pool, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 01-41-01-008-0520

Rental Info

  • Pets Allowed: Dogs OK

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
04/10/2026 04/10/26 For Sale $995,000 -- $1,192 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11998848

MIAMI REALTORS® MLS
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