501 First Residences 1506
Unit 1506
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501 First Residences Unit 1506 For Sale
$550,000
121 NE 5th Street 1506 · Downtown Miami · Miami
121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 1 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 2 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 3 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 4 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 5 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 6 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 7 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 8 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 9 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 10 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 11 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 12 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 13 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 14 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 15 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 16 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 17 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 18 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 19 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 20 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 21 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 22 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 23 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 24 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 25 of 26121 NE 5th Street 1506, 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132, photo 26 of 26
$550,000Asking Price
$1,076Per SqFt
1/1½Beds/BathsBd/Ba
511SqFt · 47.5 m²
501 First Residences · MLS B26013348 · 162 days on Zilbert · Listed Apr 9, 2026 · 121 NE 5th Street 1506, Downtown Miami, Miami FL 33132Current layoutPhotos first

Property Details

Asking Price$550,000
Price per SqFt$1,076
Maintenance fee$893 Monthly
Property Taxes$8,000 2026
Interior Space511 SqFt
Beds/Baths1/1½
FurnishedYes
Year Built2025
MLS #B26013348

Estimated Costs

An estimate of condo or HOA fees and property taxes

Monthly carry, before financing
$893maintenance · $893 per month
$667taxes · $8,000/yr ÷ 12
$1,560 / monthassociation + taxes, before mortgage and insurance

Fees and taxes based on MLS provided figures, and may not be accurate

From the listing

Prime investment opportunity in Downtown Miami at 121 NE 5th St, Unit 1506. Modern residence featuring floor-to-ceiling windows, private balcony, and sleek contemporary design. Ideal for primary living, vacation use, or income-producing investment. Located steps from Miami Worldcenter, Brightline, Bayside, top dining, entertainment, and major transit hubs. Positioned in one of Miami's fastest-growing urban corridors. Short-term rentals such as Airbnb allowed (verify building guidelines), offering exceptional income potential. Strong projected demand driven by Miami's expanding tourism market and upcoming global events including the FIFA World Cup. A rare opportunity to own a flexible, high-demand asset in the heart of Miami. Short-term rentals permitted (verify current building guidelines). Strong Airbnb income potential. Prime Downtown Miami location within walking distance to Miami Worldcenter, Kaseya Center, Brightline, PortMiami, and major attractions. High projected demand driven by continued tourism growth and upcoming global events including the FIFA World Cup.

Listed by Complete Realty Group

Sales History for This Home · 501 First Residences Unit 1506

Sales history is unavailable for this property

Mark Zilbert
Mark Zilbert
Licensed Real Estate Broker · ONE Sotheby's International Realty · I track every sale at 501 First Residences. Ask me about this home or the neighborhood.
+1 (786) 280-0201

Listed by Complete Realty Group. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami and throughout South Florida.

Location

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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.