New Construction
$995,000

121 NE 5th ST # 2101, Miami FL 33132

2  beds
2  baths
835  sqft
Condominium
Built in 2026
$1,192/sqft
$1,244/mo HOA
6 days on market

About this property

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.

Interior Details

Bedrooms & bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Heating & cooling

  • Heating: Central
  • Cooling: Central Air

Features

  • Flooring: Tile
  • Window Features: Complete Impact Glass
  • Door Features: High Impact Doors

Extras

  • Appliances: Dishwasher, Disposal, Dryer, Free-Standing Freezer, Microwave, Electric Range, Refrigerator, Self Cleaning Oven
  • Security & Smart Features: Fire Sprinklers, Fire Alarm, Smoke Detector, Card Entry, Guard At Site, Lobby Secured, Security Patrol, TV Camera
  • Video & virtual tour: View Virtual Tour

Property Details

Parking

  • Garage spaces: 1
  • Parking features: Valet

Features

  • Exterior features: Barbeque, Open Balcony

Public Info

  • Interior Livable Area: 835 sqft
  • Year Built: 2026
  • APN: 01-41-01-008-0520
  • County: Miami-Dade County

Tax Information

  • Annual Tax Amount: $0
  • Tax Year: 2025

HOA Details

  • Has HOA: Yes
  • Amenities included: Barbecue, Business Center, Community Room, Elevator(s), Exercise Room, Heated Pool, Kitchen Facilities, Other, Pool, Private Pool, Spa/Hot Tub
  • HOA fee: $1,244/mo
  • Application fee: $150
  • Pet fee: $0

Price History

4/16/2026 Listed for Sale
Source: Miami REALTORS®
$995,000
$1,191/sqft

Estimated Monthly Payment

Customize assumptions below to estimate your monthly cost.

Est.
$6,739
Principal & Interest $5,163
Property Taxes $0
Home Insurance $332
HOA Fees $1,244

Walk Score

Walk Score
96
Walk Score®
Walker's Paradise
Transit Score
100
Transit Score®
Rider's Paradise
Full Walk Score
Bike Score
79
Bike Score®
Very Bikeable
Kevin McCarthy
Kevin McCarthy
Broker & Executive Director of Luxury Sales






    By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from miamiforward.com and about your inquiry and other home-related matters, but not as a condition of any purchase.






      By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from miamiforward.com and about your inquiry and other home-related matters, but not as a condition of any purchase.