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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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121 NE 5th St 2401 , Miami, FL 33132
$970,000
Est. Payment: $5,238.01/mo
2 Bed
2 Bath
760 Sqft
Status: Active | Days on site: 79
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EWM 08 - 3128720
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House Description

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.

Highlights

Listed by Marla Rivas , 786-317-8285 BHHS EWM Realty , 305-361-5600. REALTOR Association of Greater Miami and the Beach

Property Type

Condo/Townhome

HOA Fee

1224 Monthly

Year Built

2025

County

Miami-Dade

Area

41

Neighborhood

501 First Residences Condo

Listing ID

A12033053

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:2
  • Full Bathrooms:2
Air Cond:Central Air
Fireplaces:
Other:
  • Additional:Bedroom on Main Level, Elevator

Exterior Features

Parking Features:Valet
Principal Interest
$5,238
Taxes
$618
HOA
$1,224

Home Price

$970,000

Loan Details

30 yrs
7.144%

Down Payment

20%
$194,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,238.01

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $5,238.01 $618.38 $1,224.00 $7,080.39
Yearly $62,856.13 $7,420.50 $14,688.00 $84,964.63
Total $1,885,683.99 $222,615.00 $440,640.00 $2,548,938.99

Today's Rates

30 Year

7.14%

20 Year

6.83%

15 Year

6.6%

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Market insight data is pulled from the same city as the listing being viewed (Miami, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by REALTOR Association of Greater Miami and the Beach, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-09-23T00:48:36.000Z

© 2026 REALTOR Association of Greater Miami and the Beach