Condo
1
Beds
1.5
Baths
591
SQUARE FEET
Condominium
Type
2025
Built
$870
HOA / mo
Listing courtesy of
One Sotheby's International Realty
Carolina Lara-Arashiro
MLS® #A11955147
Listing information last updated April 13, 2026
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Overview
This condo in Downtown Miami has 1 bedroom and 1.5 bathrooms across 591 square feet, and is listed for sale at $595,000 (about $1,007 per square foot). Built in 2025.
Experience luxury urban living at 501 First Residences, a brand-new 40-story condominium in Downtown Miami with no rental restrictions and exceptional income potential in the vibrant heart of Downtown Miami. This fully furnished 591 SqFt 1 Bed / 1 ½ Bath east-facing residence features expansive skyline and bay views, overlooking Downtown Miami landmarks including the Freedom Tower, PortMiami, and Biscayne Bay. Modern design, floor-to-ceiling windows, private balcony,custom Italian cabinetry and in-unit washer/dryer. Located just steps from Miami Worldcenter, dining, entertainment, transit, and cultural destinations, 501 Residences redefines downtown lifestyle with over 20,000 sq. ft. of resort-style amenities including 24/7 valet, rooftop pool, fitness center, co-working spaces, pet lounge, private club suite, media room, and more. A turn-key opportunity in Miami’s most dynamic urban core. Ideal for full-time living or income-generating investment
Listing history
Price reduced
↓ $85,000 from $680,000 · Apr 13, 2026 · MIAMI MLS
$595,000
Listed for sale
Feb 1, 2026 · MIAMI MLS
$720,000
Days on market
as of today
171 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
$870 / mo
Association type
Homeowners
Pets
Allowed (verify restrictions)
HOA dues include
Common AreaElevatorHot WaterInternet/WiFiLandscaping/Lawn MaintenanceManagerOther Maintenance IncludesParkingPool 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 #A11955147
Price$595,000
Size591 Square Feet
Bedrooms1
Bathrooms1.5
Year built2025
TypeCondominium
StatusFor Sale
HOA$870 / mo
Price / Square Feet$1,007
Features & amenities
Built-in Features
Closet Cabinetry
Dishwasher
Dryer
Electric Range
Fire Sprinklers
Has a View
Has Cooling System
Has Heating System
Home Owners Association
Lobby
Microwave
Open Balcony
Property Attached
Refrigerator
Washer
Location
121 NE 5th Street # 1913, Miami FL 33132
Estimate your payment
$
Est. monthly payment
—
per month
Principal & interest—
Property tax (est.)—
HOA$870
Down (20%)—
Estimate only — not a Loan Estimate, pre-approval, or commitment. Taxes, insurance & HOA vary. Confirm with a licensed lender.
Questions, answered
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List your rental →Listing data © MIAMI MLS · IDX information deemed reliable but not guaranteed · 171 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.