121 NE 5TH Street #1501
501 First · Miami · FL · 33132
Overview
About this home
15th-floor corner 2BR/2BA at 501 First Residences in Downtown Miami! Brand-new and fully furnished, this turnkey residence features panoramic Biscayne Bay and skyline views, floor-to-ceiling impact glass, a private balcony, Italian cabinetry, and premium appliances. Flexible daily and short-term rentals offer excellent investment potential as soon as you close or personal use. Enjoy 20,000+ SF of resort-style amenities, including rooftop pool, spa, fitness center, lounges, concierge, and 24-hour security. Steps from Miami Worldcenter, Brightline, Kaseya Center, Bayside Marketplace, and Bayfront Park. Easy to show!
Property details
Interior
- Bedrooms
- 2
- Full bathrooms
- 2
- Living area
- 835 sq ft
- Flooring
- Ceramic Tile, Tile
- Cooling
- Central Air
- Heating
- Central
- Laundry
- In Hall
- Features
- None
Exterior & lot
- Construction
- Concrete, Concrete Block - No Stucco
- Roof
- Other
- Stories
- 1
- View
- City, Skyline
- Parking
- Attached Garage, Garage
- Garage spaces
- 1
Community
- Subdivision
- 501 First
- HOA fee
- $1,300 monthly
- Amenities
- Maintenance, Pool, Community Room, Fitness Center, Spa/Hot Tub
- County
- Miami-Dade
Listing & financial
- Property type
- Condominium
- Year built
- 2025
- Annual taxes
- $10,252 (2026)
- Parcel ID
- 0141010080460
- Buyer financing accepted
- Cash, Conventional
- Sale type
- Standard
- MLS #
- B26094312
Sale & tax history
This listing
| Oct 29, 2026 | Listed for sale | $820,000 |
Taxes
2026 property taxes: $10,252. In Florida, taxes are re-assessed after a sale, so a new owner's bill can be different (your homestead exemption can lower it).
Full sale and tax history is public at the county property appraiser (parcel ID 0141010080460). Open the Miami-Dade County Property Appraiser ↗
Location
Approximate location. Street View opens in Google Maps where Google has street photos.
Neighborhood
- Subdivision
- 501 First
- City
- Miami
- County
- Miami-Dade County
- Elementary school
- Frederick Douglass
- Middle school
- Jose De Diego
- High school
- Booker T. Washington
Schools as reported by the listing agent. Always confirm school assignments with the district: Miami-Dade County schools ↗.
Climate, weather & flood risk
Average temperatures by month
Winters are mild, with highs around 77°F from December to February. The coolest nights come in January (about 61°F); the warmest days in July (about 91°F).
| Month | Low | Range | High | Rain |
|---|---|---|---|---|
| Jan | 61° | 76° | 1.8″ | |
| Feb | 63° | 78° | 2.1″ | |
| Mar | 66° | 81° | 2.5″ | |
| Apr | 70° | 84° | 3.4″ | |
| May | 73° | 87° | 6.3″ | |
| Jun | 76° | 89° | 10.5″ | |
| Jul | 78° | 91° | 7.4″ | |
| Aug | 78° | 91° | 9.6″ | |
| Sep | 77° | 89° | 10.2″ | |
| Oct | 74° | 86° | 7.7″ | |
| Nov | 68° | 81° | 3.5″ | |
| Dec | 64° | 78° | 2.4″ |
Average daily low and high (°F) and monthly rainfall (inches). Source: NOAA U.S. Climate Normals 1991–2020, Miami Intl Airport station (8 mi away). Most rain falls in short summer afternoon showers.
Monthly payment
Estimated monthly payment
$6,847/mo
- Principal & interest$4,146
- Property taxes$854
- Home insurance$547
- HOA$1,300
Estimate only, not a loan offer. The rate is an example: ask a lender for today's rates. In Florida, property taxes are re-assessed after a sale, so the seller's last bill is only a starting point; your homestead exemption can lower it. Insurance is a rough estimate; get a real quote, including flood and wind coverage. Talk to a lender we trust →
