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3D tour

121 NE 5th St #2211

$585,000

1 bd · 2 ba · 659 sqft · 501 First Residences · Downtown

22% below 501 First Residences’s asking median $/sqftPrice cut -7% · was $630,888
Negotiation read: On the market 162 days — longer than this building’s typical ~96 · Already reduced 7% from the original ask.
Status
For sale
Price per sqft
$888/sqft
HOA
$893/mo
Year built
2026
Floor
22
Parking
0
Furnished
View
Other View, Skyline
Waterfront
No
Days on market
162
Listed
Apr 6, 2026
MLS #
A11985345

Highlights from the listing

Pulled from the MLS description. Verify with the listing agent.

Airbnb-ready

STR/Airbnb allowed from day one

About this unit

This brand-new one-bedroom plus den residence at 501 First Residences features two full bathrooms and an open layout. The interior includes floor-to-ceiling impact windows, a sleek European kitchen with premium appliances, and a spacious den that can serve as an office or a second sleeping area. A private balcony provides natural light and city views. The building offers resort-style amenities, including a rooftop pool with panoramic skyline views, a state-of-the-art fitness center, coworking spaces, social lounges, and a 24/7 concierge. Located in the heart of Downtown, the property is steps from the MiamiCentral Brightline Station, Miami Worldcenter, Bayside, and various dining and retail options

Listing courtesy of Potential Property Group — Carolina Preciado (Lic. #3226192) · MLS #A11985345 · Updated Sep 15, 2026

Neighborhood & lifestyle

What's around this home in Downtown — transit, parks, dining and landmarks within reach.

Nearby & transit
MetromoverMetrorail (Government Center)Bayfront ParkBayside MarketplaceKaseya CenterMiami Riverwalk

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