121 NE 5th St

Miami, FL 33132

$3,300/mo

1Beds

1Baths

535Sq ft

2025Year built

CondoType

About this home

Available short-term and long-term. Price is based on long term. Wake up in the heart of Downtown Miami and enjoy everything the city has to offer right outside your door. This brand-new 1-bedroom, 1-bath residence at 501 First Residences combines modern design with everyday convenience, featuring sleek finishes, floor-to-ceiling windows, a spacious open layout, and a private balcony to take in the energy of the city. Whether you're a young professional working in Brickell, a student attending nearby universities, or someone looking for a stylish Miami pied-à-terre, this residence offers the perfect home base. Spend your mornings at a nearby café, catch a Heat game or concert just minutes away, hop on the Brightline for a weekend getaway, and come home to a building designed around comfort and lifestyle. Residents enjoy an impressive collection of amenities including a rooftop pool, fitness center, co-working spaces, social lounges, spa facilities, and 24-hour services. Located steps from Miami Worldcenter, Bayside, Bayfront Park, top restaurants, shopping, entertainment, and major transportation hubs. Be among the first to call one of Downtown Miami's newest addresses home.

Property details

Listing

MLS #: A12039674
Status: For sale
Listed on: Jun 18, 2026
Days on market: 56 days
Listing data updated: Jul 24, 2026

Interior

Beds: 1
Baths: 1
Living area: 535 ft²
Unit: 2408

Building & community

Type: Condo
Year built: 2025
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?