About This Home

This 1-bedroom, 2-bathroom condo at 121 NE 5th St #1602 in Miami, FL is listed for $574,900 ($1,057 per sqft). Built in 2025, the home offers 544 sqft of living space on a N/A lot.

Key Features

  • Built in 2025

Property Details

2 full
1-car garage
#1602
2025

Amenities

A/C
Listing Description

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!

Monthly Cost Estimate

$3,965/mo

20% down · 6.5% · 30 years

Principal$416
Interest$2,491
Insurance$168
HOA$890

Estimates only. Actual payments may vary.

Location

121 NE 5th St #1602

Miami, FL 33132

501 FIRST RESIDENCES CONDO

Features & Amenities

Interior Features

Bedroom on Main Level

Exterior Features

Balcony

Property Details

Flooring

Tile - Ceramic

Heating

Electric (Heating)

Cooling

Electric

Appliances

DryerDishwasherElectric RangeElectric Water HeaterMicrowaveRefrigeratorWasher

Questions & Answers

This 1-bedroom, 2-bathroom condo at 121 NE 5th St is listed at $574,900 ($1,057/sqft). The estimated monthly payment is $3,965 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $890/month.

Key features include: Built in 2025. Interior Features: Bedroom on Main Level. Exterior Features: Balcony.

This property is listed by Darnie Labrozzi and can be reached at 7863268023.

DL

Darnie Labrozzi

License 0686940

Agent at EXP REALTY LLC

(786) 326-8023
Agent website

Listed by EXP REALTY LLC · Broker phone: (888) 883-8509 · View on Broker Site

MLS# A12108736· Source: Miami REALTORS®· 1 day on PropertySimple

Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

121 NE 5th St #1602, Miami, FL 33132

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