121 NE 5th ST # 2101, Miami, FL 33132

About This Home

Rare 2 Bed / 2 Bath at 501 First Residences, Downtown Miami's premier new tower. Perched on the 21st floor with a SE-facing balcony, this residence offers 760 sq ft per county records, with the developer's floor plan reflecting 835 sq ft interior + 180 sq ft balcony for 1,015 sq ft of total living area. Open-concept layout with floor-to-ceiling impact windows, custom Italian kitchen cabinetry, premium appliances, and in-unit washer/dryer. Primary bedroom features a full en-suite bath; second bedroom and additional full bath offer ideal flexibility for guests, roommates, or maximizing rental income. No rental restrictions — Airbnb allowed from day one. Delivered fully furnished and move-in ready. Enjoy 20,000+ sq ft of amenities: rooftop pool, hot tub, fitness center, 24/7 valet, co-working spaces, pet lounge, and media room — without condo-hotel restrictions. Steps from Miami Worldcenter, Brightline, Kaseya Center, and world-class dining. Minutes to Brickell, Wynwood, and MIA. The SE exposure frames iconic views of Biscayne Bay, PortMiami, and the Downtown skyline — among the most photogenic in the building. Unit is brand new and never occupied, offering true first-owner condition. With Downtown Miami's continued growth, strong short-term rental demand, and no income restrictions, this is a rare asset that works equally well as a primary residence, second home, or income-producing investment.

Property Details

Bathrooms Full

2

Interior Features

Closet Cabinetry, Fire Sprinklers

Appliances

Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Free-Standing Freezer

Flooring

Tile

Heating

Central

Cooling

Central Air

Furnished

Furnished

Architectural Style

High Rise

Garage Spaces

1

Parking Features

Valet

Property Condition

New Construction

Building & Association

Building Name

501 First Residences

Stories Total

40

Entry Level

21

Association

Yes

Association Fee

$1,244

Association Fee Frequency

Monthly

Association Amenities

Barbecue, Business Center, Community Room, Elevator(s), Exercise Room, Heated Pool, Kitchen Facilities, Other, Pool, Private Pool, Spa/Hot Tub

Pets Allowed

Dogs OK

Security Features

Fire Sprinklers, Fire Alarm, Smoke Detector, Card Entry, Guard At Site, Lobby Secured, Security Patrol, TV Camera

Lot & Construction

Lot Size Square Feet

0

Waterfront

No

View

Bay, Skyline, Water View

Exterior Features

Barbeque, Open Balcony

New Construction

Yes

Public Records

Parcel Number

01-41-01-008-0520

Tax Annual Amount

0

Tax Year

2,025

County Or Parish

Miami-Dade County

Location