Coconut Grove New Developments 2026: The Complete Guide to Every New Luxury Project

There are multiple listings for this address:
121 NE 5th Street # 1001B
Miami, FL, 33132
$475,000
Beds
1 Baths
447 SqFt
0 Acres
Add
MLS #A11961966 image #0
501 First Residences in the heart of Downtown Miami. Unit 1001B offers 385 SF (36 m²) with a modern open layout, floor-to-ceiling glass, and a private balcony delivering natural light and an efficient, guest-friendly design. The residence comes turnkey furnished with blinds and sofa bed, includes private storage, and is located in a building that permits short-term rentals with no minimum lease restrictions, making it an excellent addition to any income-producing portfolio. Residents and guests enjoy access to resort-style amenities, fitness facilities, social and co-working areas, and proximity to Miami Worldcenter, Brightline, shopping, dining, and entertainment venues. A compact, income-ready unit optimized for high-demand short-term rental use.

Property Details

Price:
$475,000
MLS #:
A11961966
Status:
Active
Beds:
0
Baths:
1
Type:
Condo
Subtype:
Condominium
Subdivision:
501 First Residences
Neighborhood:
501firstresidences
Listed Date:
Feb 9, 2026
Finished Sq Ft:
447
Year Built:
2025
Newconstruction501 First Residences501firstresidences501 First ResidencesDaily Rentals AllowedRestrictions Or Possible Restrictions

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Schools

Interior

Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
Bathrooms
1 Full Bathroom
Cooling
Central Air
Flooring
Ceramic Floor
Heating
Central
Interior Features
First Floor Entry

Exterior

Association Amenities
Exercise Room, Kitchen Facilities, Pool
Construction Materials
CBS Construction
Direction Faces
South
New Construction YN
1
Patio And Porch Features
Patio
Security Features
Doorman, Elevator Secure, Lobby Secured
Stories
40

Financial

Map

Community

Subdivisions in Miami

Market Summary

Current real estate data for Condo in Miami as of Jun 15, 2026
4,812
Condo Listed
169
Avg DOM
673
Avg $ / SqFt
$998,046
Avg List Price

Property Summary

    Located in the 501 First Residences subdivision, 121 NE 5th Street # 1001B Miami FL is a Condo for sale in Miami, FL, 33132. It is listed for $475,000 and features 0 beds, 1 baths, and has approximately 447 square feet of living space, and was originally constructed in 2025. The current price per square foot is $1,063. The average price per square foot for Condo listings in Miami is $673. The average listing price for Condo in Miami is $998,046. To schedule a showing of MLS#a11961966 at 121 NE 5th Street # 1001B in Miami, FL, contact your Julien Drieu agent at 7862380927.

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121 NE 5th Street # 1001B
Miami, FL
121 NE 5th Street # 1001B
Miami, FL, 33132
$2,900
Beds
1 Baths
447 SqFt
0 Acres
Add
MLS #A12018413 image #0
501 First Residences in the heart of Downtown Miami. Unit 1001B offers 385 SF (36 m²) with a modern open layout, floor-to-ceiling glass, and a private balcony delivering natural light and an efficient, guest-friendly design. The residence comes turnkey furnished with blinds and sofa bed, includes private storage, and is located in a building that permits short-term rentals with no minimum lease restrictions, making it an excellent addition to any income-producing portfolio. Residents and guests enjoy access to resort-style amenities, fitness facilities, social and co-working areas, and proximity to Miami Worldcenter, Brightline, shopping, dining, and entertainment venues. A compact, income-ready unit optimized for high-demand short-term rental use.

Property Details

Price:
$2,900
MLS #:
A12018413
Status:
Pending
Beds:
0
Baths:
1
Type:
Rental
Subtype:
Condominium
Subdivision:
501 First Residences
Neighborhood:
501firstresidences
Listed Date:
May 13, 2026
Finished Sq Ft:
447
Year Built:
2025
Newconstruction501 First Residences501firstresidences501 First ResidencesDaily Rentals AllowedRestrictions Or Possible Restrictions

Ask a Question

See this Listing

Send
  

Schools

Interior

Appliances
Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
Bathrooms
1 Full Bathroom
Cooling
Central Air
Flooring
Ceramic Floor
Heating
Central
Interior Features
First Floor Entry

Exterior

Association Amenities
Exercise Room, Kitchen Facilities, Pool
Construction Materials
CBS Construction
Direction Faces
South
New Construction YN
1
Patio And Porch Features
Patio
Security Features
Doorman, Elevator Secure, Lobby Secured
Stories
40

Financial

Map

Community

Subdivisions in Miami

Market Summary

Current real estate data for Rental in Miami as of Jun 15, 2026
4,812
Rental Listed
169
Avg DOM
673
Avg $ / SqFt
$998,046
Avg List Price

Property Summary

    Located in the 501 First Residences subdivision, 121 NE 5th Street # 1001B Miami FL is a Rental for sale in Miami, FL, 33132. It is listed for $2,900 To schedule a showing of MLS#a12018413 at 121 NE 5th Street # 1001B in Miami, FL, contact your Julien Drieu agent at 7862380927.

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