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.
Listed by Carolina Lara-Arashiro
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License #3239403
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One Sotheby's International Realty
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305-922-0903
Listed by Andre Duek Roberto de Lima
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License #3461515
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One Sotheby's International Realty
Last updated March 09, 2026
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Source: MIAMIRE #A11972989
Listing Facts
TypeCondo
NeighborhoodMiami Central Business District
Bedrooms1
Bathrooms2
Days on Prevu19
HOA/Maint. Fees$892/month
Size597 sqft
Price per sqft$1,080
Amenities
Dishwasher
Private Outdoor Space
Washer/Dryer
Pets Allowed
Air Conditioning
Parking
Swimming Pool
Location
Mortgage Calculator
Listing History
03/09/2026
Price Decreased
$645,000
02/26/2026
Listed by One Sotheby's International Realty
$660,000
Property Details for 121 NE 5th St 710
Association
Amenities
Association Amenities: Barbecue, Billiard Room, Business Center, Child Play Area, Clubhouse-Clubroom, Exercise Room, Other, Pool, Sauna, Spa/Hot Tub, Trash Chute
Pets Allowed: Restrictions Or Possible Restrictions
Fees
Association Fee: $892.00 Monthly
Association Fee Includes: All Amenities, Common Area, Hot Water, Insurance, Internet/Wi Fi, Landscaping/Lawn Maintenance, Manager, Other Maintenance Includes, Pool Service, Recreation Facilities, Sewer, Trash Removal, Water
General
Number Of Units In Community: 448
Exterior
Construction
Number Of Units Total: 448
Property Attached: Yes
Property Condition: New Construction, Under Construction
How many bedrooms and bathrooms does this condo have?
There is 1 bedroom and 2 bathrooms in this condo at 121 NE 5th St 710.
Does this condo have parking?
Yes, there is 1 parking space available for 121 NE 5th St 710.
Are pets allowed at 121 NE 5th St?
Yes, 121 NE 5th St allows pets. Check the Property Details for any relevant restrictions.
How does 121 NE 5th St 710 compare to other condos in Miami Central Business District?
This condo is listed 69% below the average price for condos in Miami Central Business District and has been on the market for 125 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 Residences building.
What is the square footage on this condo?
According to the MLS, this listing is 597 sqft.
121 NE 5th St 710 is a 1-bedroom, 2-bath condo for sale in Miami FL 33132. On Prevu for 19 days at $645,000. This includes a recent price decrease of $15,000. This residence features 597 square feet of living space, located in Miami Central Business District. The median listing price for condos in this area is $730,000. Additional amenities include private outdoor space, dishwasher, pets allowed, air conditioning, 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.
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.
