$595,000
NEW CONSTRUCTION $36K PRICE DROP

121 NE 5th St Unit 2211 Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $4,771/month

Total Views 2,366
1 Bed
2 Baths
659 Sq Ft
$903 Price per Sq Ft

Highlights

  • Doorman
  • 1-minute walk to College North
  • Media Room
  • Bar or Lounge
  • Fitness Center
  • New Construction

About This Home

Turn Key Brand new 1 Bedroom + Den, 2 full baths at 501 First Residences, Miami’s newest short-term-rental–friendly tower in the heart of Downtown. This modern residence features an open layout, floor-to-ceiling impact windows, a sleek European kitchen with premium appliances, and a spacious den that functions as a second sleeping area or office. The private balcony offers city views and abundant natural light.
Enjoy resort-style amenities including a rooftop pool with panoramic skyline views, state-of-the-art fitness center, coworking spaces, social lounges, and 24/7 concierge. STR/Airbnb allowed from day one, making it ideal for investors seeking high occupancy and strong returns.
Unbeatable location: steps from MiamiCentral Brightline Station, Miami Worldcenter, Bayside, Kaseya Center, museums, dining, and retail. Quick access to Brickell, Wynwood, Miami Beach, and MIA Airport.
Move-in ready, fully flexible, and perfectly positioned for both living and investment.

Listing Agent

Carolina Preciado

Potential Property Group Brokerage Email: info@ppgmiami.com License #3226192 Listed on: 04/06/2026

Potential Property Group

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2026 | New Construction

HOA Fees

  • $893 Monthly HOA Fees

Home Design

  • Entry on the 22nd floor
  • Concrete Block With Brick

Interior Spaces

  • 659 Sq Ft Home
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Media Room
  • Den
  • Recreation Room
  • Sun or Florida Room
  • Ceramic Tile Flooring
  • Skyline Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • Two Primary Bathrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Balcony
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Energy-Efficient Appliances

Listing and Financial Details

  • Assessor Parcel Number 01-01-06-020-1150

Community Details

Overview

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

Amenities

  • Doorman
  • Valet Parking
  • Community Barbecue Grill
  • Sauna
  • Clubhouse
  • Business Center
  • Community Center
  • Party Room
  • Community Library
  • Bar or Lounge
  • Laundry Facilities
  • Elevator

Recreation

  • Fitness Center
  • Heated Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Security Guard
  • Secure Elevator
  • High Impact Door

Property Details

Home Type

Condominium

Year Built

Built in 2026 | New Construction

Lot Details

6,970 Sq Ft Lot

HOA Fees

$893 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2026
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 22
  • Garage Yn: No
  • Horses: No
  • New Construction: Yes
  • Structure Type: Co-Op 5+ Stories, Condo
  • Subdivision Name: 501 First Residences
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • Attribution Contact: info@ppgmiami.com
  • CurrentPrice: 595000
  • InternetRemarks: Turn Key new 1BD +Den/2BA STR/Airbnb friendly. Modern, European kitchen, impact windows, Luxury amenities: rooftop pool, gym, coworking, concierge.
  • ShowingTimeFlag: Yes
  • Special Features: 4098

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Trash Compactor, Washer
  • Interior Amenities: Elevator, Entrance Foyer, Den/Library/Office, Family Room, Florida Room, Media Room, Recreation Room
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Entry Location: Foyer
  • Flooring: Ceramic Floor
  • Living Area: 659
  • Other Equipment: Elevator
  • Stories: 40
  • Bedroom Features: Other
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Den/Library/Office, Family Room, Florida Room, Media Room, Recreation Room
  • Master Bathroom Features: 2 Primary Bathrooms

Exterior Features

  • View: Other View, Skyline
  • Exterior Features: Barbeque, Open Balcony
  • Construction Type: Concrete Block With Brick
  • Patio And Porch Features: Open Balcony
  • Pool Private: Yes
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: 501 First Residences
  • Parking Features: Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Elevator Secure, Guard At Site

Condo/Co-op/Association

  • Association Fee: 893
  • Amenities: Bar, Barbecue, Business Center, Clubhouse-Clubroom, Laundry, Community Room, Elevator(s), Exercise Room, Heated Pool, Library, Pool, Private Pool, Sauna, Spa/Hot Tub
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-01-06-020-1150

Green Features

  • Efficiency: Appliances

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2025

Matterport 3D Tour

Floorplan

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax 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.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $85,587 $4,200,000 $4,200,000
2024 $86,140 $4,094,096
2023 $86,140 $3,721,906 $0 $0
2022 $84,695 $3,626,451 $0 $0
2021 $72,937 $3,296,774 $0 $0
2020 $68,743 $3,489,180 $3,487,500 $1,680
2019 $64,097 $3,376,701 $3,375,000 $1,701
2018 $59,098 $3,376,722 $3,375,000 $1,722
2017 $48,755 $2,251,743 $0 $0
2016 $50,200 $2,251,764 $0 $0
2015 $21,272 $273,986 $0 $0
2014 $10,970 $249,079 $0 $0
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
06/15/2026 06/15/26 For Rent $3,700 0.0% --
06/10/2026 06/10/26 Price Changed $595,000 -5.7% $903 / Sq Ft
04/06/2026 04/06/26 For Sale $630,888 -- $957 / Sq Ft
Source: MIAMI REALTORS® MLS

About the Listing Agent

Carolina Preciado
Carolina Preciado

Potential Property Group

(786) 829-2612

Section Image

With more than two decades of experience in the U.S. real estate market, Carolina Preciado has built a reputation as a trusted real estate professional known for her market expertise, strategic negotiation skills, and unwavering commitment to delivering exceptional results.

As the Broker-Owner of Potential Property Group, Carolina has played a key role in growing a full-service real estate firm that specializes in residential, commercial, investment, and property management services

View Carolina's Profile

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Source: MIAMI REALTORS® MLS

MLS Number: A11985345

MIAMI REALTORS® MLS

APN: 01-0106-020-1150

Florida Miami/Dade County Miami 33132 Downtown Miami

121 NE 5th St Unit 2211, 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.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Carolina Preciado
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Potential Property Group
(786) 829-2612
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