Miami, FL 33132 121 NE 5 Street 3112
$850,000



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Presented By: IRG
Home Details
This stunning unit located at 501 First Residences in the heart of Downtown Miami offers an exceptional opportunity for both investors and end users. The residence features a sleek contemporary design with high-quality finishes, floor-to-ceiling windows, and open city views, along with beautiful water views of Biscayne Bay that provide abundant natural light. The building allows short-term rentals with no restrictions, making it ideal for generating income through platforms like Airbnb or traditional leasing. The unit offers an efficient layout, a fully equipped kitchen, and bright, comfortable living spaces, along with access to top-tier amenities. Residents enjoy a resort-style pool, fitness center, social areas, and 24/7 security, all within close proximity to Brickell, Miami World Center, public transportation, shopping, and dining. Perfect as a primary residence, vacation home, or high-performing investment property in one of Miami’s fastest-growing neighborhoods.
Presented By: IRG
Interior Features for 121 NE 5 Street 3112
Bedrooms
Total Bedrooms2
Bathrooms
Total Baths2
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramicTile
Heating Y/NYes
Interior AmenitiesBedroomOnMainLevel
Total Stories40
Other Rooms
Entry Level1
General for 121 NE 5 Street 3112
AppliancesDryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
Assoc Fee Paid PerMonthly
Association AmenitiesBusinessCenter, FitnessCenter, MaintenanceGrounds, Pool
Association Fee IncludesCommonAreas, MaintenanceStructure, Security
CityMiami
Construction MaterialsBlock
CoolingElectric
CountyMiami-Dade
Elementary SchoolFrederick Douglass
Full Baths2
Garage Spaces1
Garage Y/NYes
HOA Fee$1240
HeatingElectric
High SchoolBooker T. Washington
Legal Description501 FIRST RESIDENCES CONDO UNIT 3112 UNDIV 0.31236%INT IN COMMON ELEMENTS OFF REC 35067-4463
MLS Area2410
Middle/Junior High SchoolJose De Diego
New ConstructionYes
Occupancy TypeVacant
Patio/Porch FeaturesOpen, Balcony
Pets AllowedNoPetRestrictions, Yes
Pool FeaturesAssociation
PossessionNegotiable
PostalCityMiami
Property ConditionNewConstruction
Property Sub Type AdditionalCondominium
Property SubtypeCondominium
Property TypeResidential
Security FeaturesSecuritySystem
Senior Community Y/NNo
Standard StatusActive
StatusActive
Subdivision Name501 FIRST RESIDENCES CONDO
Tax Annual Amount0
Tax Year2025
Unit Number3112
ViewOcean, Water
Virtual TourClick here
Year Built2025
Exterior for 121 NE 5 Street 3112
Covered Spaces1
Exterior AmenitiesBalcony, OutdoorLivingArea
Parking FeaturesValet
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Booker T. Washington High School
Middle School
Jose De Diego Middle School
Javier Ruiz
Realtor
SQFT • 757