121 NE 5th St

Miami, FL 33132

$3,500/mo

1Beds

2Baths

545Sq ft

2025Year built

CondoType

About this home

Experience elevated urban living in this beautifully designed residence at 501 First Residences, one of Downtown Miami's newest luxury buildings. This modern One Bedroom + Den & 2 Bathrooms with 544 sqft. unit offers an open-concept layout with abundant natural light, floor-to-ceiling windows, high ceilings, and a private balcony, creating the perfect space to live, work, and relax. Amenities include Rooftop Pool, Fitness Center, Coworking lounge and more, Building offers Valet Parking Service, residences feature Italian cabinetry, Bosch appliances, smart-home technology, full-size washer and dryer, and built-out closets. Located in the heart of Downtown Miami, 501 First Residences places you just steps from world-class dining, shopping, entertainment, Brightline Station, Miami Worldcenter, Bayside Marketplace, Kaseya Center, and easy access to Brickell, Wynwood, and Miami Beach.

Property details

Listing

MLS #: A12068808
Status: For sale
Listed on: Aug 10, 2026
Days on market: 3 days
Listing data updated: Aug 11, 2026

Interior

Beds: 1
Baths: 2
Living area: 545 ft²
Unit: 2110

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?