Active · Condominium
$929,000
121 NE 5th ST 1701, Miami, FL 33132
- Beds
- 2
- Baths
- 2
- Living area
- 760 sq ft
- $ / sq ft
- $1,222/sq ft
- Year built
- 2026
- Lot size
- —
- HOA fee
- $1,244 Monthly
- Annual tax
- $0
About this property
Rare 2 Bed / 2 Bath corner residence at 501 First Residences, one of only two southeast-facing corner units in the building, offering some of the most desirable views of Biscayne Bay and the Downtown skyline. Located on the 21st floor, this unit features floor-to-ceiling impact windows, an open layout, Italian kitchen cabinetry, premium appliances, in-unit washer/dryer, and a spacious balcony. No rental restrictions—Airbnb allowed from day one. Delivered fully furnished and move-in ready. Enjoy 20,000+ SF of amenities including rooftop pool, fitness center, spa, co-working spaces, and valet. Prime Downtown location near Brickell, Miami Worldcenter, and Brightline, ideal as a primary residence, second home, or income-producing investment.
Interior & exterior features
Appliances
- Dryer
- Dishwasher
- Electric Range
- Microwave
- Refrigerator
- Washer
Cooling
- Central Air
Heating
- Central
Views
- Water
Parking
- One Space
Interior features
- Handicap Access
- Other
- Walk In Closets
Exterior features
- Balcony
Pool
- Association
security
- Key Card Entry
association_amenities
- Fitness Center
- Pool
association_fee_includes
- Cable Tv
- Internet
- Parking
- Water
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
-$2,659
- Cap rate
- 2.3%
- Net yield
- 2.3%
- Cash-on-cash return
- -12.3%
- Gross yield
- 5.1%
- Mortgage payment
- $4,404/mo
- Down payment
- $232,250
- Loan amount
- $696,750
- Annual NOI
- $20,937
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.