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121 NE 5 St 3112Miami, FL 33132

For Sale

$850,000

Smart Buyer Rebate $8,500

This stunning unit located at 501 First Residences in the heart of Downtown Miami offers an exceptional opportunity for both investors and end users. The residence features a sleek contemporary design with high-quality finishes, floor-to-ceiling windows, and open city views, along with beautiful water views of Biscayne Bay that provide abundant natural light. The building allows short-term rentals with no restrictions, making it ideal for generating income through platforms like Airbnb or traditional leasing. The unit offers an efficient layout, a fully equipped kitchen, and bright, comfortable living spaces, along with access to top-tier amenities. Residents enjoy a resort-style pool, fitness center, social areas, and 24/7 security, all within close proximity to Brickell, Miami World Center, public transportation, shopping, and dining. Perfect as a primary residence, vacation home, or high-performing investment property in one of Miami’s fastest-growing neighborhoods.

Listed by Ana Cruz Gonzalez

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License #3552364

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IRG

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786-247-7968

Last updated May 01, 2026

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Source: MIAMIRE #A12000487

Listing Facts

  • TypeCondo
  • NeighborhoodMiami Central Business District
  • Bedrooms2
  • Bathrooms2
  • Days on Prevu18
  • HOA/Maint. Fees$1,240/month
  • Size757 sqft
  • Price per sqft$1,123

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Pets Allowed
  • Parking
  • Swimming Pool

Location

Mortgage Calculator

Listing History

04/13/2026
Listed by IRG
$850,000

Property Details for 121 NE 5 St 3112

Association

Amenities

  • Association Amenities: Business Center, Exercise Room, Pool
  • Pets Allowed: Yes

Fees

  • Association Fee: $1,240.00 Monthly
  • Association Fee Includes: All Amenities, Building Exterior, Common Area, Security

Exterior

Construction

  • New Construction: Yes
  • Property Attached: Yes
  • Property Condition: New Construction
  • Stories Total: 40
  • Structure Type: Condo 5+ Stories, Condo
  • Year Built: 2025
  • Year Built Details: New Construction
  • Architectural Style: Corner Unit
  • Building Name: 501 FIRST
  • Construction Materials: CBS Construction
  • Entry Level: 31
  • Exterior Features: Open Balcony

Features

  • Patio And Porch Features: Open Balcony
  • View: Ocean View, Water View

Measurements

  • Building Area Units: Square Feet
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 01-41-01-008-4450
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Flooring: Ceramic Floor
  • Interior Features: First Floor Entry

Measurements

  • Living Area: 757
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 2

Other

Location

  • Subdivision Name: 501 FIRST RESIDENCES CONDO

Parking

Parking

  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: Valet

Utilities

Equipment

  • Cooling: Electric
  • Has Cooling: Yes
  • Heating: Electric
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 2 bedrooms and 2 bathrooms in this condo at 121 NE 5 St 3112.

Does this condo have parking?

Yes, there is 1 parking space available for 121 NE 5 St 3112.

Are pets allowed at 121 NE 5 St?

Yes, 121 NE 5 St allows pets.

How does 121 NE 5 St 3112 compare to other condos in Miami Central Business District?

This condo is listed 59% below the average price for condos in Miami Central Business District and has been on the market for 126 less days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is in the 501 FIRST building.

What is the square footage on this condo?

According to the MLS, this listing is 757 sqft.

121 NE 5 St 3112 is a 2-bedroom, 2-bath condo for sale in Miami FL 33132. Listed on Prevu for 18 days at $850,000. This residence features 757 square feet of living space, located in Miami Central Business District. The median listing price for condos in this area is $730,000. Property amenities include private outdoor space, dishwasher, pets allowed, parking, swimming pool, and washer/dryer. Explore more condo listings in Miami.

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.