$574,900

121 NE 5TH ST #1602, MIAMI, FL 33132

1 bed2 baths544 sq ftCondo or villaBuilt 2025
Updated today, November 3, 2026

This home against Miami

$1,057 per sq ft, 55% over the Miami median
17 days on the market
1 car garage

Miami today: 4,362 homes for sale, median list price $733,250.

About this home

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!

Zoned schools

Elementary: Frederick R. Douglass Elementary
Middle: Jose de Diego Middle School
High: Booker T. Washington Senior High

From Miami-Dade County Public Schools attendance zones.

Near this home

Park: Henderson Park, 0.1 mi
Beach: Hobie Island Beach, 2 mi
Grocery: Sedano's Supermarket, 0.5 mi

Distances from the center of MIAMI.

Listing courtesy of EXP Realty LLC. MLS# A12108736.

Listing information is provided by the MLS and is deemed reliable but not guaranteed.

Listed October 17, 2026.

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