121 NE 5 ST 1500

About this home

Brand new studio at 501 First Residence Condominium in Downtown Miami. Unit 1500 offers 458 SF with floor to ceiling impact windows, private balcony and stunning 180 ` ocean city views . Fully furnished with brand new bed , mattress, desk, stools and sofa -Trunkey and ready for immediate rental income. Luxury amenities include a rooftop pool (40th floor) sunrise & sunset lounge (38th Floor) fitness center , coworking spaces and party room . Near Metro mover, Miami World Center , Brightline Station, Bayfront Park and entertainment. Prime opportunity in Maimi's high - demand short-term rental market.

Facts & features

MLS ID

A11977341

Property type

Condominium

Neighborhood

Miami

Building

501 FIRST Residences

Year built

2026

Baths

1

Interior

458 sq ft

Price per sq ft

$1,044

HOA

$674 per month

Furnished

Furnished

Pets

Yes — conditional

Waterfront

Yes

Covered parking

1

Floor

15

Listed

Mar 1, 2026

Days on market

178

Reduced from

$488,000

Property tax

$1,007 per year (2025)

Financing accepted

Cash, Conventional, FHA, VA loan

Exposure

Faces south

Appliances

Dishwasher, Disposal, Dryer, Electric range, Electric water heater, Microwave, Refrigerator

Interior features

Convertible bedroom, Elevator, First floor entry, Living dining room, Sitting area in primary, Skylights

Exterior features

Balcony, Barbecue, Security high impact doors

Flooring

Ceramic tile

Windows

Skylights

Parking

Attached, Garage, One space, Valet

Pool

Heated

Security

Door man, Elevator secured, Fire alarm, Key card entry, Lobby secured, Smoke detectors

Heating

Central, Electric

Cooling

Ceiling fans, Central air

HOA covers

Amenities, Cable TV, Common areas, Maintenance grounds, Maintenance structure, Parking, Pools, Trash

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 5 ST 1500