Condo Listing
501 FIRST Residences · #2101
$995,000
121 NE 5th ST #2101, Miami, FL, 33132 · Downtown Miami

121 NE 5th ST #2101, Miami, FL, 33132 · Downtown Miami

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Listed HOA: $1,244 · Taxes: not provided
$6,825/mo
Property taxes were not provided. Enter an annual estimate below to include them in this total.
$199,000 down
Principal & interest is exact for these inputs. Tax and HOA come from the listing; rate, insurance are editable estimates. Not a loan offer.
Rare 2 Bed / 2 Bath at 501 First Residences, Downtown Miami's premier new tower. Perched on the 21st floor with a SE-facing balcony, this residence offers 760 sq ft per county records, with the developer's floor plan reflecting 835 sq ft interior + 180 sq ft balcony for 1,015 sq ft of total living area. Open-concept layout with floor-to-ceiling impact windows, custom Italian kitchen cabinetry, premium appliances, and in-unit washer/dryer. Primary bedroom features a full en-suite bath; second bedroom and additional full bath offer ideal flexibility for guests, roommates, or maximizing rental income. No rental restrictions — Airbnb allowed from day one. Delivered fully furnished and move-in ready. Enjoy 20,000+ sq ft of amenities: rooftop pool, hot tub, fitness center, 24/7 valet, co-working spaces, pet lounge, and media room — without condo-hotel restrictions. Steps from Miami Worldcenter, Brightline, Kaseya Center, and world-class dining. Minutes to Brickell, Wynwood, and MIA. The SE exposure frames iconic views of Biscayne Bay, PortMiami, and the Downtown skyline — among the most photogenic in the building. Unit is brand new and never occupied, offering true first-owner condition. With Downtown Miami's continued growth, strong short-term rental demand, and no income restrictions, this is a rare asset that works equally well as a primary residence, second home, or income-producing investment.
501 FIRST Residences is a 40-story condominium tower at 501 NE 1st Avenue in Downtown Miami, developed by Aria Development Group with AQARAT. Revuelta Architecture International designed the building, Shim Projects created the interiors and Beauchamp Construction served as general contractor. The tower was conceived for the short-term rental market: at launch the developer marketed residences with no rental restrictions, allowing owners to list units on platforms such as Airbnb and Vrbo for stays as short as one night. Buyers should confirm the association's current rental rules before making an offer. Residences are studios, one-bedrooms and two-bedrooms ranging from about 385 to 835 square feet, delivered fully furnished. Announced finishes include custom Italian cabinetry and countertops, floor-to-ceiling glass, built-out closets, in-unit washers and dryers and private balconies. The site sits on the western edge of the Miami Worldcenter district, a short walk from Brightline's MiamiCentral station, Kaseya Center and the museums along Biscayne Boulevard. More than 20,000 square feet of indoor and outdoor amenities include a two-level rooftop with a 75-foot lap pool, a hydrotherapy bath and a movie theater, a HOMAGE-designed fitness center with yoga space and a sunrise terrace, a planted Greenhouse lounge, a club suite with a chef's kitchen and media room, coworking spaces, a pet lounge and secure bicycle storage. The lobby adds 24/7 valet, Luxer One package lockers and ground-floor food and beverage by GPG Hospitality. Construction is complete. The tower has received its certificate of occupancy, which Aria marked with a rooftop celebration in July 2026, and owner closings are now on record. Browse the current 501 FIRST Residences listings on this page to compare available furnished units and recent sale prices.
| Apt# | Model | Bed / Baths | Floors | Interior + Ext (Sq Ft) |
|---|---|---|---|---|
| 01, 12 | ADA | Unit 01 / 12 | ADA | 2 / 2 | 12 - 37 | 835 + 110 |
| 01A, 12B | Unit 01A / 12B | Studio / 1 | 3 - 11 | 475 + 75 |
| 01B, 12A | Unit 01B / 12A | Studio / 1 | 3 - 11 | 384 + 36 |
| 02, 10 | ADA | Unit 02 / 10 | ADA | 1 + Den / 2 | 3 - 37 | 597 + 62 |
| 03, 11 | ADA | Unit 03 / 11 | ADA | 1 + Den / 2 | 3 - 37 | 597 + 62 |
| 04, 09 | Unit 04 / 09 | Studio / 1 | 3 - 37 | 402 + 38 |
| 05 | Unit 05 | 1 / 1 | 3 - 37 | 551 + 68 |
| 06 | ADA | Unit 06 | ADA | 1 / 1.5 | 3 - 37 | 561 + 62 |
| 07 | Unit 07 | Studio / 1 | 3 - 37 | 443 + 39 |
| 08 | Unit 08 | ADA | 1 / 1 | 3 - 37 | 606 + 86 |
| 13 | Unit 13 | 1 / 1.5 | 12 - 37 | 582 + 63 |
Floor plans and unit details are subject to change. Contact us for the most current information.
121 NE 5th ST #2101, Miami, FL, 33132