121 NE 5 ST # 3112
Miami, FL, 33132
$850,000
2 Beds
2 Baths
757 SqFt
0 Acres
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MLS #A12000487 image #0
This stunning unit located at 501 First Residences in the heart of Downtown Miami offers an exceptional opportunity for both investors and end users. The residence features a sleek contemporary design with high-quality finishes, floor-to-ceiling windows, and open city views, along with beautiful water views of Biscayne Bay that provide abundant natural light. The building allows short-term rentals with no restrictions, making it ideal for generating income through platforms like Airbnb or traditional leasing. The unit offers an efficient layout, a fully equipped kitchen, and bright, comfortable living spaces, along with access to top-tier amenities. Residents enjoy a resort-style pool, fitness center, social areas, and 24/7 security, all within close proximity to Brickell, Miami World Center, public transportation, shopping, and dining. Perfect as a primary residence, vacation home, or high-performing investment property in one of Miami’s fastest-growing neighborhoods.

Property Details

Price:
$850,000
MLS #:
A12000487
Status:
Active
Beds:
2
Baths:
2
Type:
Condo
Subtype:
Condominium
Subdivision:
501 FIRST RESIDENCES CONDO
Neighborhood:
501firstresidencescondo
Listed Date:
Apr 13, 2026
Finished Sq Ft:
757
Year Built:
2025
Corner UnitNewconstruction501 First Residences Condo501firstresidencescondo501 First Residences CondoOk To Lease,okay To Lease 1st YearPets Allowed

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Schools

Interior

Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
Bathrooms
2 Full Bathrooms
Cooling
Electric
Flooring
Ceramic Floor
Heating
Electric
Interior Features
First Floor Entry

Exterior

Architectural Style
Corner Unit
Association Amenities
Business Center, Exercise Room, Pool
Construction Materials
CBS Construction
Covered Spaces
1
Exterior Features
Open Balcony
Garage Spaces
1
New Construction YN
1
Parking Features
Valet
Patio And Porch Features
Open Balcony
Security Features
Lobby Secured
View
Ocean View, Water View

Financial

HOA Fee
$1,240
HOA Fee Frequency
Monthly
Tax Year
2025

Map

Community

Subdivisions in Miami

Market Summary

Current real estate data for Condo in Miami as of Apr 18, 2026
4,788
Condo Listed
166
Avg DOM
674
Avg $ / SqFt
$995,579
Avg List Price

Property Summary

    Located in the 501 FIRST RESIDENCES CONDO subdivision, 121 NE 5 ST # 3112 Miami FL is a Condo for sale in Miami, FL, 33132. It is listed for $850,000 and features 2 beds, 2 baths, and has approximately 757 square feet of living space, and was originally constructed in 2025. The current price per square foot is $1,123. The average price per square foot for Condo listings in Miami is $674. The average listing price for Condo in Miami is $995,579. To schedule a showing of MLS#a12000487 at 121 NE 5 ST # 3112 in Miami, FL, contact your Julien Drieu agent at 7862380927.

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