121 NE 5th St # 1602, Miami, FL 33132

About 121 NE 5th St # 1602, Miami, FL 33132

The ultimate passive-income powerhouse in the heart of Downtown Miami at 501 First Residences! Unit 1602 is a fabulous, fully finished, and designer-furnished 1-bed + den, 2-bath luxury sanctuary optimizing 659 total sq. ft. (597 interior + private balcony). Delivering complete rental freedom with ZERO rental restrictions, you can host daily on platforms like Airbnb from day one. The interior sparkles with 9-foot ceilings, floor-to-ceiling glass, an urban balcony with stunning downtown city vistas, custom Italian cabinetry, and integrated premium Smeg appliances. The multi-functional den and full second bathroom provide unmatched guest flexibility to maximize daily booking rates! Indulge in 20,000+ sq. ft. of elite rooftop amenities: a 75-foot heated lap pool, hot hydrotherapy bath, outdoor movie theatre, world-class HOMAGE Fitness center, and co-working spaces. UNBEATABLE TRANSIT-ORIENTED LOCATION: Steps away from Miami Worldcenter’s retail mega-district, blocks from world-class concerts and Heat games at the Kaseya Center, and a short walk to Bayside Marketplace and MiamiCentral Brightline Station. Capitalize on Miami's booming hospitality market with this premier real estate asset!

How This Listing Compares in Miami

Per square foot, it is asking 166% above the Miami median for sales closed over the last twelve months — typical of premium views, newer construction or a top-tier building.

Medians from closed MLS sales in Miami; a starting point, not an appraisal.

Home Features at 121 NE 5th St # 1602, Miami, FL 33132

Bathrooms Full

2

Bathrooms Half

0

Interior Features

Other

Appliances

Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer

Flooring

Ceramic Floor

Heating

Electric

Cooling

Electric

Architectural Style

High Rise

Garage Spaces

1

Parking Features

1 Space

Pool Private

No

Year Built Details

New Construction

Property Condition

New Construction

The Building at 121 NE 5th St # 1602, Miami, FL 33132

Building Name

501 FIRST

Building Area Total

544

Building Area Units

Square Feet

Stories Total

40

Entry Level

16

Association

Yes

Association Fee

$890

Association Fee Frequency

Monthly

Association Amenities

Exercise Room, Heated Pool, Other, Pool

Security Features

Smoke Detector, Lobby Secured, Other

Lot, Views & Construction at 121 NE 5th St # 1602, Miami, FL 33132

Lot Size Square Feet

0

Waterfront

No

View

Other View

Exterior Features

Open Balcony

New Construction

Yes

Taxes & Public Record for 121 NE 5th St # 1602, Miami, FL 33132

Parcel Number

01-41-01-008-0810

Tax Annual Amount

0

Tax Year

2,025

Tax Legal Description

501 FIRST RESIDENCE CONDO

County Or Parish

Miami-Dade County

Map & Neighborhood