Condominium for sale
$574,900
121 NE 5th St #1602Miami, FL 33132
- 1 Beds
- 2 Baths
- 544 Sq ft
- 2025 Built
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!
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!
Details
- MLS #
- A12108736
- Property type
- Condominium
- Status
- Active
- Days on market
- 2
- Neighborhood
- 501 FIRST RESIDENCES CONDO
- County
- Miami-Dade County
- HOA / association fee
- $890 monthly
- Waterfront
- No
- Private pool
- No
- View
- Other View
- Garage spaces
- 1
- Cooling
- Electric
- Interior features
- Other
- Exterior features
- Open Balcony
- Appliances
- Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Location
Estimated payment
$4,659/mo with 20% down at 6.5% for 30 years, including taxes and HOA, before insurance.
Adjust in the mortgage calculatorListing courtesy of EXP Realty LLC · Darnie Labrozzi. Listing last updated October 21, 2026 9:00 PM.
