Price Check
How this price compares
- List price
- $475,000
- Price per sq ft
- N/A
- Original price
- Unchanged
- Days on market
- 206
This condo in 501 First Residences is listed at $475,000. It has been on the market for 206 days.
Estimated monthly payment
$2,496 /mo
Principal and interest only, based on $95,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $563/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $475,000
- Days on Site
- 206 Days
- Bedrooms
- 0
- Total Baths
- 1
- Full Baths
- 1
- Year Built
- 2025
- Property Type
- Condo
- MLS #
- A11974262
- HOA Fees
- $563 / Monthly
- Subdivision
- 501 FIRST RESIDENCES
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
Brand New Luxury Condo at 501 First Miami – No Rental Restrictions!Be the first to own this pristine, newly delivered residence (Unit 501B) in the heart of Downtown Miami. Located in the highly anticipated 501 First Residences, this unit offers the ultimate flexibility with no rental restrictions, making it a premier choice for high-yield short-term rentals (Airbnb/VRBO) or a sophisticated urban lifestyle.Unit Features:Modern open-concept layout with floor-to-ceiling glass windows.Private balcony with stunning city skyline views.Fully finished and furnished with interiors by award-winning SHIM Projects.High-end Smeg appliances and custom Italian cabinetry.In-unit washer/dryer and smart home technology.Building Amenities:Experience over 20,000 SF of world-class amenities, including a 75-foot rooftop lap pool, a state-of-the-art fitness center by HOMAGE, a lush rooftop greenhouse, co-working spaces, and a private movie theater.Strategically located steps away from Miami Worldcenter, Kaseya Center, and the Brightline station. Don't miss this turnkey investment opportunity!
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2025
- Property Condition
- New Construction
- New Construction
- Yes
- Number of Stories
- 40
- Garage Spaces
- 1
- Parking
- Covered
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Ice Maker / Microwave / Refrigerator / Washer
- Cooling
- Central Air / Electric
- Heating
- Central / Electric
- Flooring
- Ceramic Tile / Tile
- Interior Features
- Tub Shower / Walk In Closets
Exterior Features
- Exterior Features
- Barbecue
- Pool Features
- Heated
Community & HOA
- HOA Fee
- $563 / Monthly
- HOA Includes
- Internet
- Association Amenities
- Billiard Room / Bike Storage / Clubhouse / Elevators / Pool / Parking / Spa Hot Tub
- Security
- Security System / Fire Alarm / Key Card Entry
- Utilities
- Cable Available
- Pets Allowed
- Dogs Ok / Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Ok To Lease
- MLS Area
- 2410
This home's HOA fee works out to $563 a month, 16% below the $674 median across 33 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
- 33
- Under Contract
- 1
- Median List Price
- $500,000
- Median $/Sq Ft
- $1,091
- Avg Days on Market
- 120
Frequently Asked Questions
- How do I schedule a tour of 121 NE 5th 501B, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 121 NE 5th 501B, 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 501B, Miami, FL 33132 still available?
- 121 NE 5th 501B, Miami, FL 33132 is currently listed as Active, and has been on the market 206 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 501B, Miami, FL 33132?
- With 20% down ($95,000) on the $475,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 121 NE 5th 501B, Miami, FL 33132 is about $2,496/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 501B, 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 501B, 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 501B, Miami, FL 33132 have an HOA fee?
- Yes: 121 NE 5th 501B, Miami, FL 33132 carries an HOA fee of about $563 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 501B, Miami, FL 33132?
- 121 NE 5th 501B, 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 501B, Miami, FL 33132?
- Often, yes. The right offer on 121 NE 5th 501B, 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 Core Realty Associates, Inc.
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 June 23, 2026.
$475,000
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Listed by Volkan Yetmisbir, Core Realty Associates, Inc.
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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.
