Now selling

501 First Residences

121 NE 5th St · Built 2025 · 40 floors · 1 residences

40 for sale
Residences
476
Floors
40

Located in the heart of Downtown Miami, 501 First Residences is a modern tower situated in the rapidly developing Worldcenter district. The building offers a variety of views, including those of Biscayne Bay, PortMiami, and the local city skyline. It is positioned within walking distance of the Brightline station, Kaseya Center, and various dining and entertainment venues.

The building features over 20,000 square feet of shared amenities. These include a rooftop pool and hot tub, a state-of-the-art fitness center, a yoga studio, and multiple co-working spaces. Additional common areas include a media room, a pet lounge, a chef's kitchen, a library, and a private rooftop theater. The property also provides 24-hour security and valet services.

Now selling

Designed by Revuelta Architecture International, 501 First Residences offers a sophisticated mid-century modern aesthetic in the vibrant core of Downtown Miami. Residents enjoy a curated lifestyle featuring fully furnished interiors by Shim Projects, high-end Italian cabinetry, and premium appliances. The building features a grand porte-cochère entrance, a stylish lobby with soaring ceilings, and a ground-level culinary concept by GPG Hospitality.

The expansive amenity collection is designed for both relaxation and recreation, featuring a 75-foot resort-style lap pool, a private rooftop movie theater, and a dedicated fitness center by HOMAGE. Residents can enjoy a variety of spaces including a pet lounge, a private workspace, and a 'Greenhouse' urban oasis. The rooftop experience is further enhanced by a game lawn, a private club suite, and a chef’s kitchen.

Located in a high-walk and transit-friendly district, the building provides immediate access to the city's premier cultural landmarks, including the Perez Art Museum and Frost Science Museum. The location offers seamless connectivity to the Brightline rail system, the Design District, and the vibrant waterfront of Bayfront Marketplace.

Floors
40
Residences
476
  • 501 First Residences
501 First rendering501 First rendering501 First rendering501 First rendering501 First rendering

Live near more of Miami

What surrounds 501 First Residences: seasonal events, annual programs and lifestyle indexes, measured from the building.

Distances are straight-line, not walking or driving.

Getting around

Downtown is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:

MetromoverMetrorail (Government Center)Bayfront ParkBayside MarketplaceKaseya CenterMiami Riverwalk

Floor plans

Residence 03 · /11 | ADA floor plan
Residence 03 · /11 | ADA
1 bd · 2 ba · 597 sqft
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Inventory

121 NE 5th St #2002
$649,000$1,193/sqft
1 bd · 2 ba · 544 sqft
121 NE 5th St #2002
Short-term leases OK
Listing courtesy of Miami Life Realty LLC — Jorge Kupferman (Lic. #3111636) · MLS #A12079665
121 NE 5th St #2708
New
$605,000$1,131/sqft
1 bd · 1 ba · 535 sqft
121 NE 5th St #2708
Airbnb-readyShort-term leases OKRental income in place
Listing courtesy of Luxe Properties — Lucas Echeverry (Lic. #3647627) · MLS #A12078643
121 NE 5th St #3712
$995,000$1,314/sqft
2 bd · 2 ba · 757 sqft
121 NE 5th St #3712
Short-term leases OK
Listing courtesy of Canvas Real Estate — Patricia Zacapa Alvarado (Lic. #3534847) · MLS #A12076236
121 NE 5th St #2411
New
$579,900$971/sqft
1 bd · 2 ba · 597 sqft
121 NE 5th St #2411
Seller financingShort-term leases OK
Listing courtesy of Rutois International Realty LLC — Daniel Rutois (Lic. #0638090) · MLS #A12074753
121 NE 5th St #3312
New
$889,000$1,174/sqft
2 bd · 2 ba · 757 sqft
121 NE 5th St #3312
Short-term leases OK
Listing courtesy of United Realty Group Inc — Sandra Sepulveda (Lic. #0665105) · MLS #A12070584
121 NE 5th St #504
New
$499,000$1,390/sqft
0 bd · 1 ba · 359 sqft
121 NE 5th St #504
Rental income in placeShort-term leases OK
Listing courtesy of Realty One Group Evolution — Julio Angulo (Lic. #3659979) · MLS #A12060745
121 NE 5th St #3405
$519,000$1,061/sqft
1 bd · 1 ba · 489 sqft
121 NE 5th St #3405
Short-term leases OK
Listing courtesy of Brosda & Bentley Realtors, LLC — Ekaterina Brosda (Lic. #3062667) · MLS #A12054926
121 NE 5th St #3710
New
$661,000$1,213/sqft
1 bd · 2.5 ba · 545 sqft
121 NE 5th St #3710
Short-term leases OK
Listing courtesy of Premier Elite Realty Inc. — Alvina Nosikovsky (Lic. #3490729) · MLS #A12054781
501 NE 1ST ST #1006
New
$690,000$1,350/sqft
1 bd · 1 ba · 511 sqft
501 NE 1ST ST #1006
Short-term leases OK
Listing courtesy of Grand Realty of America, Corp. — Karina Hazan (Lic. #3259935) · MLS #A12053628
121 NE 5th St #3706
$605,000$1,078/sqft
1 bd · 1.5 ba · 561 sqft
121 NE 5th St #3706
Short-term leases OK
Listing courtesy of One World Properties — Peggy Olin (Lic. #706658) · MLS #A12050437
121 NE 5th St #3704
$500,000$1,244/sqft
0 bd · 1 ba · 402 sqft
121 NE 5th St #3704
Short-term leases OK
Listing courtesy of One World Properties — Peggy Olin (Lic. #706658) · MLS #A12050355
121 NE 5th St #3703
$659,000$1,104/sqft
1 bd · 2 ba · 597 sqft
121 NE 5th St #3703
Short-term leases OK
Listing courtesy of One World Properties — Peggy Olin (Lic. #706658) · MLS #A12049623
See all 32

Location

Nearby buildings within half a mile.

Building facts

Address
121 NE 5th St
Year built
2025
Floors
40
Residences
1
Waterfront
No

Amenities

  • · Rooftop pool
  • · Hot tub
  • · Fitness center
  • · Valet
  • · Co-working spaces
  • · Pet lounge
  • · Media room
  • · Yoga studio
  • · Social lounges
  • · Game room
  • · Concierge
  • · 24-hour security
  • · Hydrotherapy spa
  • · Chef's kitchen
  • · Outdoor cinema
  • · Jacuzzi
  • · Library
  • · Reading room
  • · Private offices
  • · Wellness spaces
  • · Cold plunge
  • · Summer kitchen
  • · Private rooftop theater
  • · Cabanas

Building rules

Parking
24-hour valet

Special assessments & recertification outlook

Clear
  • Built 2025 — its first 25-year structural milestone inspection is due around 2050

Estimated from 501 First Residences’s age and signals in active listings — not an official inspection or reserve report. Always verify the building’s milestone-inspection status and reserves with the association before buying.

Frequently asked

How much do condos at 501 First Residences cost?+

There are 40 condos for sale at 501 First Residences, from $390,000, with a median asking price of $552,500 ($1,142/sqft).

Is 501 First Residences a good time to buy?+

501 First Residences currently has about 240.0 months of supply — a buyer-friendly pace with more negotiating room.

How much are the HOA fees at 501 First Residences?+

HOA / maintenance fees at 501 First Residences run around $801 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

Is 501 First Residences a waterfront building?+

501 First Residences is not directly on the water.

When was 501 First Residences built?+

501 First Residences was built in 2025, 40 stories, 1 residences.

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