121 NE 5 ST

Miami, FL 33132

$2,500/mo

0Beds

1Baths

443Sq ft

2026Year built

CondoType

About this home

Live in the heart of vibrant Downtown Miami in this brand-new, fully furnished studio at 501 First Residences. This modern retreat features floor-to-ceiling glass walls, a private balcony with stunning city views, sleek Italian cabinetry, premium Smeg appliances, and high-end finishes by Shim Projects. Every detail is designed for effortless urban living. Enjoy an unmatched resort-style lifestyle with over 20,000 sq ft of premium amenities, including a breathtaking rooftop pool with a 75-foot resort-style lap pool and hot hydrotherapy bath, dedicated sunrise and sunset decks perfect for relaxing with panoramic views, a state-of-the-art fitness center designed by HOMAGE Fitness (with yoga/meditation area and private training rooms), and a sophisticated lounge room featuring a private club suite, chef’s kitchen, media room, and lush greenhouse oasis. This 40-story tower offers smart community features and a prime walkable location just steps from Bayside Marketplace, Bayfront Park, Kaseya Center, and minutes from Brickell, the Design District, and South Beach. Move-in ready and move-in fabulous — experience Downtown Miami living at its finest. Don’t miss your chance to call 501 First home!

Property details

Listing

MLS #: A11991689
Status: For sale
Listed on: Mar 30, 2026
Days on market: 136 days
Listing data updated: Jul 8, 2026

Interior

Beds: 0
Baths: 1
Living area: 443 ft²
Unit: 3507

Building & community

Type: Condo
Year built: 2026
County: Miami-Dade

Days on market, price per ft² and the monthly HOA amount are calculated by this site from the MLS data shown; the association fee is normalized to a monthly figure.

Building structural health (SIRS)

No filing record found

We couldn't find a SIRS filing record for this building in Florida's public DBPR database. That is not a red flag by itself: buildings under three stories are exempt, recent or mailed-in filings may not appear yet, and the name or address on file may differ from this listing.

Questions about this

What is a SIRS and why does it matter?

Since the Surfside collapse, Florida requires condo and co-op buildings three stories or taller to complete a Structural Integrity Reserve Study: an inspection-based plan that forces the association to fund structural repairs (roof, load-bearing walls, plumbing, electrical) instead of deferring them. It matters because underfunded buildings are the ones that surprise owners with large special assessments.

Has this building filed its SIRS?

We didn't find a filing record for this building in the DBPR's public database. Absence of a record does not mean the building is out of compliance — it may be exempt (under three stories), the filing may be recent or on paper, or the recorded name/address may differ. It IS the right question to ask before offering.

What is a special assessment?

A one-off charge the association levies on every owner when reserves don't cover a needed repair — in older coastal buildings they have ranged from a few thousand to over $100,000 per unit. The SIRS exists precisely to make these predictable and funded in advance. Always review the building's budget, reserves and meeting minutes before buying.

What should I check before buying in this building?

Florida law gives buyers the right to review the association's SIRS, milestone inspection reports, budget and reserves — the full study is available from the association by written request. Nilyan requests and walks through these documents with her buyers as part of the offer process.

Source: Florida DBPR public SIRS reporting database. Filing status is self-reported by the association; this is not an audit, inspection or safety certification, and absence of a record does not mean non-compliance. Data as of July 30, 2026.

Want the full structural picture of this building before you offer?