$970,000

121 NE 5TH ST #2401, MIAMI, FL 33132

2 beds2 baths760 sq ftCondo or villaBuilt 2025
Updated today, November 3, 2026

This home against Miami

$1,276 per sq ft, 87% over the Miami median
150 days on the market
Price cut $80,000 since it was listed at $1,050,000
1 car garage

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

About this home

Exceptional investment opportunity at 501 First Residences, a newly delivered luxury tower in the heart of Downtown Miami. This high-floor 2BR/2BA residence offers modern finishes, floor-to-ceiling impact glass, a private balcony with skyline views, and a turnkey layout ideal for income production. The building is designed for flexible short-term rentals, allowing daily or short stays, making it highly attractive for Airbnb -style income strategies. Strong demand from tourist, business travelers, and the Miami World center district supports consistent occupancy potential. Residents enjoy resort-style amenities including rooftop pool, fitness center, co-working spaces, concierge, and 24 hour security. Unbeatable location steps form Miami Worldcenter, Brightline, Kaseya Center, Bayfront Park, etc.

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 BHHS EWM Realty. MLS# A12033053.

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

Listed June 6, 2026.

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