Overview
Description
Best deal at 501 First! Modern 1 Bed + Den condominium located in the heart of Downtown Miami, with exceptional views and prime positioning within the building. This unit is one of the few in the area featuring no rental restrictions, making it ideal for short-term or long-term rental income or personal use with maximum flexibility.
Delivered fully furnished in a brand-new building, the residence has never been occupied, presenting a true turnkey opportunity for the next owner. Residents enjoy incredible, top-of-the-line amenities designed to elevate the lifestyle experience, including resort-style common areas and premium building features that support both comfort and strong rental demand. With the best location and one of the most desirable views in the building, the smart layout maximizes space and functionality.
Situated steps from top dining, entertainment, shopping, and transit, this property represents a rare opportunity to own in a high-demand urban market with strong investment upside.
Virtual Tour
Address
- Street121 5th St #2102
- CityMiami
- Subdivision501 1ST AVE
- CountyMiami-Dade County
- StateFL
- Zip33132
- MLS #A12023677
Interior
- AppliancesDisposal, Dryer, Washer
- Bathrooms Full2
- Bathrooms Half0
- Bathrooms Total Integer2
- Bedrooms Total1
- CoolingCentral Air
- CoolingYes
- Entry Level21
- FlooringCeramic Floor
- HeatingCentral
- HeatingYes
- Interior FeaturesFirst Floor Entry
- Living Area544
- Living Area UnitsSquare Feet
- Other EquipmentElevator
- Rooms Total0
- Security FeaturesDoorman, Elevator Secure, TV Camera
Exterior
- Covered Spaces1
- Exterior FeaturesBarbeque, Courtyard, Open Balcony
- Frontage TypeBay
- Garage Spaces1
- GarageYes
- Lot Size Square Feet0
- Lot Size UnitsSquare Feet
- Parking Features1 Space, Valet
- Patio And Porch FeaturesDeck, Open Balcony
- ViewBay, Skyline
- ViewYes
Structure
- Architectural StyleHigh Rise
- Building Area Total544
- Building Area UnitsSquare Feet
- Building Name501 1ST AVE
- Construction MaterialsConcrete Block Construction
- New ConstructionYes
- Property AttachedYes
- Property ConditionNew Construction
- Stories Total40
- Structure TypeCondo 5+ Stories, Condo
- Year Built2026
- Year Built DetailsNew Construction
Financial
- Association AmenitiesBar, Business Center, Cabana, Clubhouse-Clubroom
- Association Fee890
- Association Fee FrequencyMonthly
- AssociationYes
- Other Expense0
- Parcel Number01-41-01-008-0860
- Pets AllowedMore Than 20 Lbs
- Public Survey Range41
- Public Survey Section1
- Public Survey Township41
- Tax Annual Amount0
- Tax Legal Description501 FIRST RESIDENCES CONDO UNIT 2102 OFF REC 35067-4463
- Tax Year2026
Location
- County Or ParishMiami-Dade County
- MLS Area Major501 1st Ave
- Postal Code33132
- Postal Code Plus42626
- Street Direction PrefixNE
- Street Name5th St
- Street Number121
- Street Number Numeric121
- Subdivision Name501 1ST AVE
- Unit Number2102
- Unparsed Address121 NE 5th St # 2102, Miami FL 33132
Listing Info
- Co-List Agent Direct Phone305-842-4546
- Co-List Agent Emailjaimevga@yahoo.com
- Co-List Agent Full NameJaime Vega
- Co-List Agent Keyf3d1c8fc5588d72e3f530712180d5026
- Co-List Agent MLS ID3246550
- Co-List Agent Office Phone786-953-5870
- Co-List Agent State License3246550
- Co-List Office Key944d422a850fdefe829dbeceb02a553d
- Co-List Office MLS IDREBB01
- Co-List Office NameFlorida Capital Realty
- Co-List Office Phone786-953-5870
- Contract Status Change DateJune 3, 2026
- Days On Market36
- Expiration DateSeptember 30, 2026
- List AORA-Miami Association of REALTORS
- List Agent Direct Phone954-319-2497
- List Agent Emailvalevga33@gmail.com
- List Agent Full NameValeria Vega
- List Agent Key4738d10784979cae09408ad678a5547c
- List Agent MLS ID3472599
- List Agent Office Phone786-953-5870
- List Agent State License3472599
- List Office Fax866-735-7140
- List Office Key944d422a850fdefe829dbeceb02a553d
- List Office MLS IDREBB01
- List Office NameFlorida Capital Realty
- List Office Phone786-953-5870
- List Price625,000
- Listing AgreementExclusive Agency
- Listing Contract DateJune 3, 2026
- Listing IDA12023677
- Listing Key00e261aaad5b05f3e2b37751de668ce5
- Listing TermsAll Cash, Conventional, Cryptocurrency
- Major Change TimestampJune 4, 2026
- Major Change TypeNew
- MLS StatusActive
- Modification TimestampJuly 9, 2026
- On Market DateJune 3, 2026
- Original Entry TimestampJune 4, 2026
- Original List Price625,000
- Originating System IDmiamire
- Originating System Keymiamire
- Originating System NameMiami Association of REALTORS®
- Photos Change TimestampJune 4, 2026
- Photos Count19
- Price Change TimestampMay 22, 2026
- Showing Contact TypeAgent
- Showing InstructionsCall Listing Agent
- Source System Key487168991
- Status Change TimestampJune 4, 2026
- Syndication RemarksBest deal at 501 First! Modern 1 Bed + Den condominium located in the heart of Downtown Miami, with exceptional views and prime positioning within the building. This unit is one of the few in the area featuring no rental restrictions, making it ideal for short-term or long-term rental income or personal use with maximum flexibility. Delivered fully furnished in a brand-new building, the residence has never been occupied, presenting a true turnkey opportunity for the next owner. Residents enjoy incredible, top-of-the-line amenities designed to elevate the lifestyle experience, including resort-style common areas and premium building features that support both comfort and strong rental demand. With the best location and one of the most desirable views in the building, the smart layout maximizes space and functionality. Situated steps from top dining, entertainment, shopping, and transit, this property represents a rare opportunity to own in a high-demand urban market with strong investment upside.
Features & Amenities
Mortgage Calculator
- Principal & interest
- Property tax
- Home insurance
- PMI
- HOA dues
Estimates only and not a loan offer. Taxes, insurance and rates vary — confirm with a lender.
Meet your agent
Valeria Vega
Listing Agent · Florida Capital Realty
Get in touch
Office · 786-953-5870
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