Basic Information

  • MLS # A12108736
  • Type Condominium
  • Status Active
  • Subdivision/Complex 501 FIRST Residences
  • Year Built 2025
  • Total Sqft 544
  • Date Listed 10/21/2026
  • Days on Market 0
Description

The ultimate passive-income powerhouse in the heart of Downtown Miami at 501 First Residences! Unit 1602 is a fabulous, fully finished, and designer-furnished 1-bed + den, 2-bath luxury sanctuary optimizing 659 total sq. ft. (597 interior + private balcony). Delivering complete rental freedom with ZERO rental restrictions, you can host daily on platforms like Airbnb from day one. The interior sparkles with 9-foot ceilings, floor-to-ceiling glass, an urban balcony with stunning downtown city vistas, custom Italian cabinetry, and integrated premium Smeg appliances. The multi-functional den and full second bathroom provide unmatched guest flexibility to maximize daily booking rates! Indulge in 20,000+ sq. ft. of elite rooftop amenities: a 75-foot heated lap pool, hot hydrotherapy bath, outdoor movie theatre, world-class HOMAGE Fitness center, and co-working spaces. UNBEATABLE TRANSIT-ORIENTED LOCATION: Steps away from Miami Worldcenter’s retail mega-district, blocks from world-class concerts and Heat games at the Kaseya Center, and a short walk to Bayside Marketplace and MiamiCentral Brightline Station. Capitalize on Miami's booming hospitality market with this premier real estate asset!

Amenities

  • Fitness Center
  • Other
  • Pool

Exterior Features

  • Waterfront No
  • Parking Spaces 1
  • Pool Yes
  • View Other
  • Parking Description One Space
  • Exterior Features Balcony
  • Style Condominium

Interior Features

  • Adjusted Sqft 544Sq.Ft
  • Cooling Description Electric
  • Equipment Appliances Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Floor Description Ceramic Tile
  • Heating Description Electric
  • Interior Features Bedroom On Main Level, Other
  • Sqft 544Sq.Ft

Property Features

  • Address 121 NE 5th St #1602
  • Aprox. Lot Size 544
  • Architectural Style High Rise
  • Association Fee Frequency Monthly
  • City Miami
  • County Miami- Dade
  • Covered Spaces 1
  • Furnished Info no
  • Garage 1
  • Listing Terms Cash, Conventional
  • Occupant Type Vacant
  • Parking Features One Space
  • Patio And Porch Features Balcony, Open
  • Pets Allowed No, Yes
  • Pool Features Association, Heated
  • Possession Close Of Escrow
  • Postal City Miami
  • Public Survey Township 1
  • HOA Fees $890
  • Subdivision Complex 501 FIRST Residences
  • Subdivision Info 501 FIRST Residences
  • Tax Amount $0
  • Tax Legal desc 501 FIRST RESIDENCE CONDO
  • Tax Year 2025
  • Terms Considered Cash, Conventional
  • Type of Property Condominium
  • View Other
  • Year Built Details New Construction

121 NE 5th St #1602

Miami, FL 33132

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    The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: EXP Realty LLC. tel: 786-326-8023

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