$645,000
NEW CONSTRUCTION $15K PRICE DROP

121 NE 5th St Unit 710 Miami, FL 33132

Downtown Miami Neighborhood

Estimated payment $4,957/month

Total Views 92
1 Bed
2 Baths
597 Sq Ft
$1,080 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 Community
  • 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: 645000
  • 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
03/09/2026 03/09/26 Price Changed $645,000 -2.3% $1,080 / 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

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.

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