$574,900
1 bd · 2 ba · 544 sq ft · Condominium
121 NE 5th St # 1602, Miami FL 33132
For Sale · Active listing
Est. payment $3,159/mo · Mortgage calculator
Listed by EXP Realty LLC / Darnie Labrozzi
Contact: 786-326-8023 (listing contact).
Shown through Slice Realty. Requests from this page reach Slice Realty / Propiedad Futura, not the listing agent.
About this home
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!
Facts
- MLS #
- A12108736
- Subdivision
- 501 FIRST RESIDENCES CONDO
- Property type
- Residential
- Property subtype
- Condominium
- Sq. ft.
- 544
- Price per sq. ft.
- $1,057 / sq ft
- Year built
- 2025 (New Construction)
- Days on market
- 2
- County
- Miami-Dade County
- Date listed
- Oct 19, 2026
- Last updated
- Oct 22, 2026
Financial considerations
- HOA fee
- $890 monthly
- HOA amenities
- Exercise Room, Heated Pool, Other, Pool
Exterior features
- Waterfront
- No
- View
- Other View
- Additional features
- Open Balcony
Interior features
- Heating
- Electric
- Cooling
- Electric
- Appliances
- Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- Additional features
- Other
Additional features
- Security
- Smoke Detector, Lobby Secured, Other
Mortgage calculator
Includes principal and interest, taxes and insurance.
Rate: Freddie Mac 30-year average (2026-10-22). Estimate only.
Local context (our analysis)
Area stats are available for our covered neighborhoods. See neighborhoods.
Source: Southeast Florida MLS (SEFMLS). Last updated Oct 21, 2026, 9:00 PM ET
Listing data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.