121 NE 5th 501B

About this home

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…

Facts & features

MLS ID

A11974262

Property type

Condominium

Neighborhood

Miami

Building

501 FIRST Residences

Year built

2026

Baths

1

HOA

$563 per month

Pets

Yes — dogs

Waterfront

No

Covered parking

1

Floor

5

Listed

Mar 1, 2026

Days on market

18

Financing accepted

Cash, Conventional

Listing conditions

Listed as is

Appliances

Dishwasher, Dryer, Electric range, Electric water heater, Ice maker, Microwave, Refrigerator, Washer

Interior features

Tub shower, Walk in closets

Exterior features

Barbecue

Flooring

Ceramic tile, Tile

Parking

Covered, One space

Pool

Heated

Security

Key card entry, Lobby secured

Heating

Central, Electric

Cooling

Central air, Electric

HOA covers

Internet, Parking

Schools

Zoned public schools by county attendance boundary. Boundaries change — confirm enrollment eligibility with the school district before relying on this. Letter grades and School of Excellence designations are the Florida Department of Education’s, each for the year shown beside it.

Elementary

Douglass, Frederick ElementaryB2025-26Florida Department of Education school grade B, 2025-26 school year

Middle

de Diego, Jose MiddleB2025-26Florida Department of Education school grade B, 2025-26 school year

High

Washington, Booker T. Senior HighB2025-26Florida Department of Education school grade B, 2025-26 school year

Location

121 NE 5th 501B