ActiveCondominium
121 NE 5th St # 1602, Miami FL 33132
Miami, FL 33132 · MLS #A12108736Photo 1 / 38
The residence
About this property
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!
At a glance
Property details
- Property type
- Condominium
- Listing type
- For sale
- Status
- Active
- Bedrooms
- 1
- Bathrooms
- 2
- Living area
- 544 sq. ft.
- Year built
- 2025
- Lot size
- 0 sq. ft.
- Subdivision
- 501 FIRST RESIDENCES CONDO
- County
- Miami-Dade County
- Days on market
- 24
- Original list price
- $574,900
- Listing date
- October 19, 2026
- MLS record updated
- November 12, 2026
- Association fee
- $890 monthly
- Listing agent
- Darnie Labrozzi
- Listing office
- EXP Realty LLC
- MLS number
- A12108736
Neighborhood & location
Explore 501 FIRST RESIDENCES CONDO
Review nearby homes, local services, commute routes, schools, flood information, and community rules as part of your due diligence. Neighborhood information can change and should be verified with the appropriate local authority.
Schools
School information
- School district
- Miami-Dade County Public Schools
Plan your purchase
Mortgage calculator
- Principal & interest
- $2,907
- Property taxes
- $0
- Homeowners insurance
- $287
- HOA
- $890
- Estimated total
- $4,084
Estimate only. Taxes, insurance, association fees, PMI, interest rate, and lender terms vary. Confirm the actual payment and closing costs with a licensed mortgage professional. Review Florida mortgage and pre-approval guidance.
Continue your search
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Listing courtesy of EXP Realty LLC, 888-883-8509.
Data provided by MIAMI Association of REALTORS®. Information is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified. Property availability, price, and details are subject to change without notice.