Price Check
How this price compares
- List price
- $449,000
- Price per sq ft
- $1,251
- Original price
- Unchanged
- Days on market
- 75
This condo in 501 First Residences is listed at $449,000, or $1,251 per square foot. It has been on the market for 75 days.
Estimated monthly payment
$2,360 /mo
Principal and interest only, based on $89,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $588/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $449,000
- Days on Site
- 75 Days
- Bedrooms
- 0
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 359 sqft
- Total Sq Ft
- 359 sqft
- Year Built
- 2025
- Property Type
- Condo
- MLS #
- A12051789
- HOA Fees
- $588 / Monthly
- Subdivision
- 501 First Residences
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
Experience the ultimate investment opportunity at 501 First Residences in the heart of Downtown Miami! This fully furnished turnkey studio offers modern finishes, an open-concept layout, floor-to-ceiling impact windows, a contemporary kitchen with stainless steel appliances and quartz countertops, in-unit washer and dryer, and a private balcony. Designed for maximum flexibility, the building allows short-term rentals with no rental restrictions, making it ideal for Airbnb, vacation rentals, or corporate stays. Residents enjoy resort-style amenities including a rooftop pool, fitness center, spa, co-working spaces, game room, lounge, café, valet parking, and 24-hour concierge and security. Located just steps from Miami Worldcenter, Brightline Station, Kaseya Center, Bayside Marketplace, Museum Park, top restaurants, shopping, entertainment, and with easy access to Miami Beach, Brickell, Wynwood, and the Design District. Whether you’re looking for a high-performing income-producing property or a stylish city residence, Unit 304 offers exceptional value in one of Miami’s fastest-growing neighborhoods.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2025
- Property Condition
- Resale
- Number of Stories
- 40
- Garage Spaces
- 0
- Parking
- Valet
- Living Sq Ft
- 359
- Total Sq Ft
- 359
Interior Features
- Appliances
- Dryer / Microwave / Refrigerator / Washer
- Cooling
- Other
- Heating
- Other
- Interior Features
- Built In Features / Closet Cabinetry / Elevator / Kitchen Island / Separate Shower
Exterior Features
- Construction
- Block
- Exterior Features
- Other
- Architectural Style
- Other
- Pool Features
- Association
- View
- Other
Community & HOA
- HOA Fee
- $588 / Monthly
- HOA Includes
- Internet
- Association Amenities
- Fitness Center / Maintenance Grounds / Pool / Sauna / Spa Hot Tub
- Community Features
- Home Owners Association
- Security
- Security System / Fire Alarm / Key Card Entry / Security Guard
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Ok To Lease / Short Term Rentals Allowed
- MLS Area
- 2410
This home's HOA fee works out to $588 a month, 22% below the $750 median across 31 homes for sale in 501 First Residences. See 501 First Residences HOA fees
Schools
- Elementary School
- Frederick Douglass
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
About the Community
501 First Residences is a community in Miami, Miami-Dade County, Florida. Active listings are priced from $375,000 to $995,000. Homes were built between 2025 and 2026. Pure Equity lists homes in 501 First Residences and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 31
- Under Contract
- 1
- Median List Price
- $520,000
- Median $/Sq Ft
- $1,091
- Avg Days on Market
- 126
Frequently Asked Questions
- How do I schedule a tour of 121 NE 5th Street 304, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 121 NE 5th Street 304, Miami, FL 33132. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 121 NE 5th Street 304, Miami, FL 33132 still available?
- 121 NE 5th Street 304, Miami, FL 33132 is currently listed as Active, and has been on the market 75 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 121 NE 5th Street 304, Miami, FL 33132?
- With 20% down ($89,800) on the $449,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 121 NE 5th Street 304, Miami, FL 33132 is about $2,360/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 121 NE 5th Street 304, Miami, FL 33132?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 121 NE 5th Street 304, Miami, FL 33132. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 121 NE 5th Street 304, Miami, FL 33132 have an HOA fee?
- Yes: 121 NE 5th Street 304, Miami, FL 33132 carries an HOA fee of about $588 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 121 NE 5th Street 304, Miami, FL 33132?
- 121 NE 5th Street 304, Miami, FL 33132 is zoned for Frederick Douglass (elementary), Jose De Diego (middle), Booker T. Washington (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 121 NE 5th Street 304, Miami, FL 33132?
- Often, yes. The right offer on 121 NE 5th Street 304, Miami, FL 33132 depends on how it's priced against comparable condo sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of BM2 Realty
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated July 19, 2026.
$449,000
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Listed by Margarita Zapata, BM2 Realty
Map & Location
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Recent Sales
Recently sold homes in 501 First Residences
These are the last 2 recorded closings in 501 First Residences, with the price each home actually sold for rather than what it was listed at. They closed at a median of $854 per square foot. The most recent closed on August 25, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$370,000
Sold · August 25, 2026
121 NE 5 Street 801B
0 bed · 1 bath
$25,000 under the asking price
Sold$391,000
Sold · July 9, 2026
121 NE 5th Street 912B
0 bed · 1 bath · 458 sqft · $854/sqft
$23,500 under the asking price
See every recorded sale in 501 First Residences or find out what your 501 First Residences home is worth.
