121 NE 5th ST 2101, Miami, FL 33132 — MLS photo

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121 NE 5th ST 2101, Miami, FL 33132

Active · Condominium

$995,000

121 NE 5th ST 2101, Miami, FL 33132

Beds
2
Baths
2
Living area
835 sq ft
$ / sq ft
$1,192/sq ft
Year built
2026
Lot size
—
HOA fee
$1,244 Monthly
Annual tax
$0

About this property

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 location

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121 NE 5th ST 2101, Miami, FL 33132

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
835 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Freezer, Disposal, Microwave, Refrigerator, Self Cleaning Oven
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Closet Cabinetry, Elevator
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
2026
Stories
40
Architectural style
High Rise
Exterior features
Balcony, Barbecue, Security High Impact Doors, Porch
Pool
Association, Heated
View
Bay, Skyline, Water

Parking

Garage spaces
1
Covered spaces
1
Parking features
Detached, Garage, Valet

HOA, Community & Financials

Association fee
$1,244 Monthly
Fee inclusions
Amenities
Amenities
Business Center, Clubhouse, Community Kitchen, Elevators, Fitness Center, Barbecue, Other, Picnic Area, Pool, Spa Hot Tub
Security
Closed Circuit Cameras, Fire Alarm, Key Card Entry, Lobby Secured, Security Guard, Fire Sprinkler System, Smoke Detectors
Pets allowed
Dogs Ok, Yes
Annual tax
$0
Subdivision
501 First Residences
County
Miami-Dade
Days on market
195
MLS listing ID
A11998848
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

-$2,726

Cap rate
2.4%
Net yield
2.4%
Cash-on-cash return
-11.7%
Gross yield
5.1%
Mortgage payment
$4,717/mo
Down payment
$248,750
Loan amount
$746,250
Annual NOI
$23,888

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