121 NE 5th St 2401

About this home

Exceptional investment opportunity at 501 First Residences, a newly delivered luxury tower in the heart of Downtown Miami. This high-floor 2BR/2BA residence offers modern finishes, floor-to-ceiling impact glass, a private balcony with skyline views, and a turnkey layout ideal for income production. The building is designed for flexible short-term rentals, allowing daily or short stays, making it highly attractive for Airbnb -style income strategies. Strong demand from tourist, business travelers, and the Miami World center district supports consistent occupancy potential. Residents enjoy resort-style amenities including rooftop pool, fitness center, co-working spaces, concierge, and 24 hour…

Facts & features

MLS ID

A12033053

Property type

Condominium

Neighborhood

Miami

Building

501 FIRST Residences

Year built

2026

Beds

2

Baths

2

Interior

760 sq ft

Price per sq ft

$1,276

HOA

$1,224 per month

Pets

No

Waterfront

No

Covered parking

1

Floor

24

Listed

Jun 8, 2026

Days on market

79

Reduced from

$1,050,000

Financing accepted

Assumable, Cash

Listing conditions

Listed as is

Interior features

Bedroom on main level, Elevator

Parking

Valet

Security

Elevator secured, Lobby secured, Security guard

Heating

Central

Cooling

Central air

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 St 2401