Condo
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Listing courtesy of Potential Property Group
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Beds
2
Baths
659
SQUARE FEET
Stock Cooperative
Type
2026
Built
$893
HOA / mo
Listing courtesy of
Potential Property Group
Carolina Preciado
MLS® #A11985345
Listing information last updated July 1, 2026
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Overview
This stock cooperative in Downtown Miami has 1 bedroom and 2 bathrooms across 659 square feet, and is listed for sale at $595,000 (about $903 per square foot). Built in 2026.
Turn Key Brand new 1 Bedroom + Den, 2 full baths at 501 First Residences, Miami’s newest short-term-rental–friendly tower in the heart of Downtown. This modern residence features an open layout, floor-to-ceiling impact windows, a sleek European kitchen with premium appliances, and a spacious den that functions as a second sleeping area or office. The private balcony offers city views and abundant natural light.
Enjoy resort-style amenities including a rooftop pool with panoramic skyline views, state-of-the-art fitness center, coworking spaces, social lounges, and 24/7 concierge. STR/Airbnb allowed from day one, making it ideal for investors seeking high occupancy and strong returns.
Unbeatable location: steps from MiamiCentral Brightline Station, Miami Worldcenter, Bayside, Kaseya Center, museums, dining, and retail. Quick access to Brickell, Wynwood, Miami Beach, and MIA Airport.
Move-in ready, fully flexible, and perfectly positioned for both living and investment.
Listing history
Price reduced
↓ $35,888 from $630,888 · Jun 10, 2026 · MIAMI MLS
$595,000
Listed for sale
Apr 6, 2026 · MIAMI MLS
$630,888
Days on market
as of today
107 days
Building & financials
FROM MIAMI MLSThe carrying-cost and structural facts that close or kill a Miami deal — straight from the listing feed.
HOA / association dues
$893 / mo
Association type
Condo
Pets
Allowed (verify restrictions)
HOA dues include
Building ExteriorCommon AreaHot WaterInsuranceInternet/WiFiOutside MaintenancePool ServiceRecreation FacilitiesSecuritySewerTrash RemovalWater
Dues, taxes, and association data per MIAMI MLS and public records; flood zone from FEMA NFHL. Verify with the HOA, county, and your insurer during due diligence.
Building report · MCR exclusive501 First Residences — recertification, reserves, units & pricing
Property details
MLS #A11985345
Price$595,000
Size659 Square Feet
Bedrooms1
Bathrooms2
Year built2026
TypeStock Cooperative
StatusFor Sale
HOA$893 / mo
Price / Square Feet$903
Features & amenities
Barbeque
Den/Library/Office
Dishwasher
Disposal
Dryer
Electric Range
Electric Water Heater
Elevator
Entrance Foyer
Family Room
Florida Room
Has a View
Has Cooling System
Has Heating System
Has Pool
Home Owners Association
Media Room
Microwave
New Construction
Open Balcony
Recreation Room
Refrigerator
Trash Compactor
Washer
Location
121 NE 5th St # 2211, Miami FL 33132
Estimate your payment
$
Est. monthly payment
—
per month
Principal & interest—
Property tax (est.)—
HOA$893
Down (20%)—
Estimate only — not a Loan Estimate, pre-approval, or commitment. Taxes, insurance & HOA vary. Confirm with a licensed lender.
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List your rental →Listing data © MIAMI MLS · IDX information deemed reliable but not guaranteed · 107 days on market.
We do not advertise a “free” buyer’s agent; buyer-representation compensation is disclosed in writing. Bitcoin pricing is indicative and updates with the market — not financial, tax, or legal advice. Buyer to independently verify all measurements, assessments, and flood & insurance facts.