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121 NE 5th St #510

$500,000

1 bd · 2 ba · 545 sqft · 501 First Residences · Downtown

14% below 501 First Residences’s asking median $/sqftPrice cut -9% · was $550,000
Negotiation read: On the market 146 days — longer than this building’s typical ~96 · Already reduced 9% from the original ask.
Status
For sale
Price per sqft
$917/sqft
HOA
$892/mo
Year built
2025
Floor
5
Parking
1
Furnished
—
View
None
Waterfront
No
Days on market
146
Listed
May 27, 2026
MLS #
A12026255

Highlights from the listing

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

Short-term leases OK

“No rental restrictions”

About this unit

This fully furnished one-bedroom plus den, two-bath residence at 501 First Residences offers 597 square feet of living space. The unit features floor-to-ceiling windows with roller shades, providing views of Biscayne Bay, the Kaseya Center, and the Freedom Tower. The interior includes a European-style kitchen equipped with Bosch appliances, a private bedroom suite with built-ins, and a spa-style bathroom with a rain shower. An in-unit washer and dryer are also included. Building amenities include a rooftop pool, a cinema, a co-working lounge, and a fitness center

501 First Residences
501 First Residences
121 NE 5th St · 2025 · 40 floors
46 for salefrom $345K$1,067/sqft

Listing courtesy of United Realty Group Inc, Marcella Reyes (Lic. #3047934) · MLS #A12026255 · Updated Oct 20, 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
Explore DowntownDowntown market report

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