$660,000
NEW CONSTRUCTION

121 NE 5th St Unit 710 Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $4,942/month

1 Bed
2 Baths
597 Sq Ft
$1,106 Price per Sq Ft

Highlights

  • Doorman
  • 1-minute walk to College North
  • Skyline View
  • Fitness Center
  • Under Construction
  • Clubhouse

About This Home

Highly desirable and most efficient layout is now available in the brand-new 501 Residences! In the heart of Miami Downtown, a fully furnished and turnkey, 1 Bed + Den / 2 Full Baths features 597 SqFt, exceptionally positioned for short term/long term rentals or for immediate move in.Residents and guests enjoy 20,000+ sq ft of resort-style amenities, including 24/7 valet, rooftop pool and hot-tub with panoramic views, state-of-the-art fitness center, co-working spaces, pet lounge, private club suite, media room, and more. Located just steps from Miami Worldcenter, world-class dining, entertainment, transit, and cultural venues, 501 Residences delivers the ultimate walkable downtown lifestyle. The apartment is fully equipped with household essentials, ready to use, and comes with a designated storage unit too. Without rental restrictions on one hand, but without a hectic hotel component either, this building offers a more refined residential experience than other nearby condo-hotel buildings, making it a perfect short term rental investment, a second home, or a combination of both. Don’t miss this outstanding income producing opportunity in one of Miami’s fastest-growing urban cores.

Listing Agent

Carolina Lara-arashiro

One Sotheby's International Realty License #3239403 Listed on: 02/26/2026

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 2026 | Under Construction

HOA Fees

  • $892 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Entry on the 7th floor

Interior Spaces

  • 597 Sq Ft Home
  • Custom Mirrors
  • Built-In Features
  • Den
  • Tile Flooring
  • Skyline Views

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • Closet Cabinetry
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Deck
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System

Community Details

Overview

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

Amenities

  • Doorman
  • Valet Parking
  • Community Barbecue Grill
  • Sauna
  • Trash Chute
  • Clubhouse
  • Billiard Room
  • Business Center
  • Secure Lobby

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Breed Restrictions

Security

  • Secure Elevator
  • High Impact Door

Property Details

Home Type

Condominium

Year Built

Built in 2026 | Under Construction

Lot Details

0 Sq Ft Lot

HOA Fees

$892 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2026
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Co List Office Mls Id: OSIR05
  • Co List Office Phone: 954-522-2831
  • Entry Level: 7
  • Garage Yn: Yes
  • 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: 660000
  • InternetRemarks: Turnkey furnished 1BD+Den/2BA at 501 Residences. No rental restrictions. Walk to Miami Worldcenter. Resort amenities & prime income potential.
  • ShowingTimeFlag: Yes
  • Special Features: 4098

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Washer
  • Interior Amenities: Built-in Features, Closet Cabinetry, Custom Mirrors, Den/Library/Office
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Door Features: High Impact Doors
  • Flooring: Tile
  • Living Area: 597
  • Stories: 40
  • Bedroom Features: Other
  • Living Room Features: Den/Library/Office

Exterior Features

  • View: Skyline
  • Exterior Features: Barbeque
  • Construction Type: Other
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Property Condition: New Construction, Under Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: 501 First Residences
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: 1 Space, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Doorman, Elevator Secure, Lobby Secured

Condo/Co-op/Association

  • Association Fee: 892
  • Amenities: Barbecue, Billiard Room, Business Center, Child Play Area, Clubhouse-Clubroom, Exercise Room, Other, Pool, Sauna, Spa/Hot Tub, Trash Chute
  • 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
02/26/2026 02/26/26 For Sale $660,000 -- $1,106 / Sq Ft
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11972989

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

121 NE 5th St Unit 710, Miami, FL

For Sale

Condos

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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 Lara-arashiro
Listing Agent
Carolina Lara-arashiro
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One Sotheby's International Realty
(645) 225-1920
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