121 NE 5th 501B, Miami, FL 33132 — MLS photo

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121 NE 5th 501B, Miami, FL 33132

Active · Condominium

$475,000

121 NE 5th 501B, Miami, FL 33132

Beds
0
Baths
1
Living area
— sq ft
$ / sq ft
—
Year built
2025
Lot size
—
HOA fee
$563 Monthly
Annual tax
$0

About this property

Brand New Luxury Condo at 501 First Miami – No Rental Restrictions! Be the first to own this pristine, newly delivered residence (Unit 501B) in the heart of Downtown Miami. Located in the highly anticipated 501 First Residences, this unit offers the ultimate flexibility with no rental restrictions, making it a premier choice for high-yield short-term rentals (Airbnb/VRBO) or a sophisticated urban lifestyle. Unit Features: Modern open-concept layout with floor-to-ceiling glass windows. Private balcony with stunning city skyline views. Fully finished and furnished with interiors by award-winning SHIM Projects. High-end Smeg appliances and custom Italian cabinetry. In-unit washer/dryer and smart home technology. Building Amenities: Experience over 20,000 SF of world-class amenities, including a 75-foot rooftop lap pool, a state-of-the-art fitness center by HOMAGE, a lush rooftop greenhouse, co-working spaces, and a private movie theater. Strategically located steps away from Miami Worldcenter, Kaseya Center, and the Brightline station. Don't miss this turnkey investment opportunity!

Property location

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121 NE 5th 501B, Miami, FL 33132

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Flooring
Ceramic Tile, Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Tub Shower, Walk In Closets

Exterior & Structure

Property type
Condominium
Year built
2025
Stories
40
Architectural style
High Rise
Exterior features
Barbecue
Pool
Heated
View
None

Parking

Garage spaces
1
Covered spaces
1
Parking features
Covered, One Space

HOA, Community & Financials

Association fee
$563 Monthly
Fee inclusions
Internet, Parking
Amenities
Billiard Room, Bike Storage, Clubhouse, Elevators, Pool, Spa Hot Tub
Security
Key Card Entry, Lobby Secured
Pets allowed
Dogs Ok, Yes
Annual tax
$0
Subdivision
501 FIRST RESIDENCES
County
Miami-Dade
Days on market
18
MLS listing ID
A11974262
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$740

Cap rate
3.8%
Net yield
3.8%
Cash-on-cash return
-6.7%
Gross yield
6.6%
Mortgage payment
$2,252/mo
Down payment
$118,750
Loan amount
$356,250
Annual NOI
$18,139

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.