Premier Brokers International
121 NE 5th Street 3401, Miami, FL 33132
ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A12023650
$940,000

121 NE 5th Street 3401, Miami, FL 33132

Beds
2
Baths
2
Sqft
760
Est. payment$6,547/mo
Home type
Condominium
Year built
2026
Lot size
—
Price / sqft
$1,237
HOA
$1,200/mo
Community
501 1ST

Property description

Stunning rare corner 2 Bedroom, 2 Bathroom residence at 501 First with breathtaking panoramic views of Biscayne Bay and the Miami skyline. Floor-to-ceiling impact glass windows fill the residence with natural light while showcasing spectacular water and city views from every angle. Modern open-concept layout featuring spacious living areas, contemporary finishes, high ceilings, premium appliances, and designer furnishings throughout. Delivered fully furnished in a brand-new building and never previously occupied, offering a true turnkey opportunity. One of the few properties in the area with no rental restrictions, ideal for short-term rentals, long-term income production, or personal use with maximum flexibility. Prime corner positioning within the building provides enhanced privacy and one of the most desirable layouts available. Residents enjoy resort-style amenities including a state-of-the-art fitness center, pool deck, entertainment lounges, concierge services, valet parking, and 24-hour security. Located in the heart of Downtown Miami, steps from Miami Worldcenter, Brightline Station, Kaseya Center, shopping, dining, and entertainment.

Listing activity

Days on market
142
Listed
Jun 3, 2026
MLS listing updated
Oct 2, 2026
Feed last checked
12 minutes ago

Listed by Valeria Vega · Florida Capital Realty

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
2
Bathrooms
2
Bathrooms (decimal)
2
Full bathrooms
2
Half bathrooms
0

Rooms & features

Rooms
0
Flooring
Ceramic Tile
Appliances
Dishwasher, Disposal, Dryer, Washer

Heating & cooling

Heating
Central
Cooling
Central Air
Property

Parking

Garage spaces
1
Garage
Yes
Covered spaces
1
Parking features
Valet
Attached garage
No

Exterior

Stories
40
Building area
760 sqft
Entry level
1
Patio & porch
Patio, Deck
Exterior features
Barbecue
View
Bay, Water
Waterfront
None, Bay
Waterfront property
Yes
Construction

Type & style

Home type
Condominium
Year built
2026
New construction
Yes

Materials

Construction
Block
Property condition
New Construction
Utilities & green energy

Utilities

Utilities
Cable Available
Community & HOA

Community

Subdivision
501 1ST
MLS area
2410
Security
Elevator Secure, Lobby - Attended
Pets allowed
Size Limit, Yes
55+ community
No

Association

Has association
Yes
Association fee
$1,200 monthly
Estimated monthly dues
$1,200
Amenities
Maintenance, Billiard Room, Clubhouse, Elevator(s), Fitness Center, Picnic Area
Services included
Cable TV, Internet
Lease details

Not reported by the listing source.

Location

Area details

City
Miami
County
Miami-Dade
ZIP code
33132
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12023650
Possession
Close Of Escrow
Original list price
$970,000
Parcel number
0141010080650
Annual property tax
$0
Tax year
2026
Tax legal description
501 FIRST RESIDENCES CONDO UNIT 3401 UNDIV 0.31236%INT IN COMMON ELEMENTS OFF REC 35067-4463
Additional MLS details

Reported by the listing source

Association Amenities
Maintenance, Billiard Room, Clubhouse, Elevator(s), Fitness Center, Picnic Area
Association Fee Frequency
Monthly
Association Fee Includes
Cable TV, Internet
Association
Yes
Bathrooms Total Decimal
2
Bathrooms Total Integer
2
Building Area Total
760
Construction Materials
Block
County Or Parish
Miami-Dade
Days On Market
142
Elementary School
Frederick Douglass
High School
Booker T. Washington
List Price
940000
Listing Contract Date
2026-06-03
Living Area
760
MLSArea Major
2410
Middle Or Junior School
Jose De Diego
Mls Status
Active
On Market Date
2026-10-02
Patio And Porch Features
Patio, Deck
Photos Count
39
Postal Code
33132
Price Change Timestamp
2026-10-02T21:42:55Z
Property Sub Type
Condominium
Property Type
Residential
Rooms Total
0
Security Features
Elevator Secure, Lobby - Attended
Senior Community
No
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-10-02T21:42:30Z
Stories Total
40
Subdivision Name
501 1ST
Waterfront Features
None, Bay
Tax Annual Amount
0
Bathrooms Full
2
Bedrooms Total
2
Bathrooms Half
0
Financial Information: Estimated Monthly Assoc Recurring Fee
1200

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
Jun 3, 2026ListedMIAMI REALTORS® MLS$970,000$1,276/sqft
Oct 2, 2026Price reducedMIAMI REALTORS® MLS$940,000$1,237/sqft

Public tax history

YearProperty taxesAssessment
2026$0—

Payment calculator

Estimated monthly payment$6,547/moIllustrative estimate, not a loan offer.
Principal & interest
$4,877
Property taxes
$0
Insurance
$470
Association dues
$1,200

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

501 1ST

Miami · Miami-Dade County · 33132

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Frederick DouglassElementary
—
Jose De DiegoMiddle
—
Booker T. WashingtonHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Florida Capital Realty. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.