Condo
1
Beds
1
Baths
606
SQUARE FEET
Condominium
Type
2025
Built
$877
HOA / mo
Listing courtesy of
Compass Florida, LLC
Ana Leighton
MLS® #A11954365
Listing information last updated July 3, 2026
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Overview
This condo in South Miami has 1 bedroom and 1 bathroom across 606 square feet, and is listed for sale at $575,000 (about $949 per square foot). Built in 2025.
Newly delivered 1BR/1BA corner residence at 501 Residences, offered fully furnished and turnkey, including linens, towels, dishes, and household essentials, making it ideal for immediate rental or move-in. This light-filled unit features northeast exposure with balcony views toward Biscayne Bay.
Located just one block from Miami Worldcenter, 501 Residences offers a distinct advantage in Downtown Miami with no hotel component, providing a more residential, less transient environment than nearby condo-hotel buildings.
Residents enjoy a full suite of amenities, including a 75’ rooftop pool with spa and cold plunge, private dining room with kitchen, TV lounge, co-working lounge, Sunrise and Sunset terraces, The Green House, Sunset Theatre, summer kitchen, bicycle storage, and additional storage. Enjoy modern design, quality finishes, and a prime location surrounded by dining, entertainment, transit, and cultural destinations. Perfect as a primary residence, pied-à-terre, or investment opportunity in one of Downtown Miami’s most desirable areas.
Listing history
Price reduced
↓ $20,000 from $595,000 · Jul 3, 2026 · MIAMI MLS
$575,000
Listed for sale
Feb 3, 2026 · MIAMI MLS
$649,000
Days on market
as of today
169 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
$877 / mo
Association type
Condo
Pets
Allowed (verify restrictions)
HOA dues include
All AmenitiesBuilding ExteriorCommon AreaElevatorManagerOutside MaintenancePool ServiceTrash Removal
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 #A11954365
Price$575,000
Size606 Square Feet
Bedrooms1
Bathrooms1
Year built2025
TypeCondominium
StatusFor Sale
HOA$877 / mo
Price / Square Feet$949
Features & amenities
Closet Cabinetry
Dryer
East Of Us1
Electric Range
Electric Water Heater
Elevator
Fire Sprinklers
Has a View
Has Cooling System
Has Heating System
Home Owners Association
Ice Maker
Lobby
Microwave
New Construction
Open Balcony
Property Attached
Refrigerator
Washer
Location
121 NE 5th St # 1608, Miami FL 33143
Estimate your payment
$
Est. monthly payment
—
per month
Principal & interest—
Property tax (est.)—
HOA$877
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 · 169 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.