121 NE 5th St · Miami, FL 33132 · Downtown

501 First Residences

40-story tower, completed 2025, 448 residences in Downtown. 44 for sale and 27 for rent on Nov 2, 2026.

Tell me your unit and I'll prepare its value myself, from 501 First Residences's closed sales and what is listed now. Then we talk it through.

Phone or email. One is enough.

Thinking about

Goes to Enrique only. No mailing list.

When a unit at 501 First Residences lists or sells, I'll let you know. I send these myself, not a robot.

Phone or email. One is enough.

Alerts for

Goes to Enrique only. No mailing list.

WhatsApp Enrique

At a glance 501 First Residences (121 NE 5th St, Downtown) is a 40-story, 448-unit building completed in 2025. As of Nov 2, 2026, 44 units are for sale and 27 are for rent; the median rent was $2,950 a month over 28 leases in the last 12 months. FEMA flood zone X. Source: Miami Assoc. of REALTORS® MLS via Bridge IDX, Miami-Dade Property Appraiser records and the FEMA flood map.

6 photos from my condo archive

For sale
44
For rent
27
Median rent
$2,950/mo28 leases · 12 mo
Sold
2last 12 months
Built
2025
Floors
40
Residences
448
Flood zone
XFEMA
HOA dues
$1.64/SF/mo · 41 listings

MLS via Bridge IDX · as of Nov 2, 2026 · How these numbers are made

On the market at 501 First Residences.

The weekly MLS snapshot, newest asks first. Each unit opens its full listing: photos, taxes, history. Or check the live feed for today's inventory.

Snapshot as of Nov 2, 2026.

For sale 44 listings · Nov 2, 2026

Unit 2101$995,000$1,192/SF2 bd · 2 ba · 835 sf205 days listed · $1,244/mo HOA · listed by FL Prime LLCFull listing →Unit 3712$995,000$1,314/SF2 bd · 2 ba · 757 sf15 days listed · $150/mo HOA · listed by Canvas Real EstateFull listing →Unit 2401$970,000$1,276/SF2 bd · 2 ba · 760 sf79 days listed · $1,224/mo HOA · listed by BHHS EWM RealtyFull listing →Unit 3401$940,000$1,237/SF2 bd · 2 ba · 760 sf119 days listed · $1,200/mo HOA · listed by Florida Capital RealtyFull listing →Unit 1701$929,000$1,222/SF2 bd · 2 ba · 760 sf182 days listed · $1,244/mo HOA · listed by One Sotheby's International RealtyFull listing →Unit 3312$889,000$1,174/SF2 bd · 2 ba · 757 sf4 days listed · $1,240/mo HOA · listed by United Realty Group IncFull listing →Unit 1712$857,900$1,133/SF2 bd · 2 ba · 757 sf145 days listed · $1,300/mo HOA · listed by Realty One Group EstatesFull listing →Unit 1501$820,000$982/SF2 bd · 2 ba · 835 sf1 day listed · $1,300/mo HOA · listed by INNOVO PROPERTY GROUP INCFull listing →Unit 2102$690,000$1,268/SF1 bd · 2 ba · 544 sf119 days listed · $890/mo HOA · listed by Florida Capital RealtyFull listing →Unit 3703$659,000$1,104/SF1 bd · 2 ba · 597 sf57 days listed · $892/mo HOA · listed by One World PropertiesFull listing →Unit 2002$649,000$1,193/SF1 bd · 2 ba · 544 sf12 days listed · $800/mo HOA · listed by Miami Life Realty LLCFull listing →Unit 3706$605,000$1,078/SF1 bd · 1.5 ba · 561 sf56 days listed · $827/mo HOA · listed by One World PropertiesFull listing →Unit 3313$594,900$1,007/SF1 bd · 1.5 ba · 591 sf191 days listed · $870/mo HOA · listed by The Keyes CompanyFull listing →Unit 2211$585,000$888/SF1 bd · 2 ba · 659 sf162 days listed · $893/mo HOA · listed by Potential Property GroupFull listing →Unit 2411$579,900$971/SF1 bd · 2 ba · 597 sf65 days listed · $890/mo HOA · listed by Rutois International Realty LLCFull listing →Unit 1602$574,900$1,057/SF1 bd · 2 ba · 544 sf2 days listed · $890/mo HOA · listed by EXP Realty LLCFull listing →Unit 3006$570,000$1,115/SF1 bd · 1.5 ba · 511 sf13 days listed · $839/mo HOA · listed by Sieber International, LLCFull listing →Unit 1703$549,900$1,011/SF1 bd · 2 ba · 544 sf1 day listed · $892/mo HOA · listed by Weichert Realtors Capella EstatesFull listing →Unit 1506$545,000$1,067/SF1 bd · 1.5 ba · 511 sf170 days listed · $893/mo HOA · listed by Complete Realty GroupFull listing →Unit 306$529,900$1,041/SF1 bd · 1.5 ba · 509 sflisted today · $750/mo HOA · listed by La Fabrika Realty GroupFull listing →Unit 510$500,000$917/SF1 bd · 2 ba · 545 sf146 days listed · $892/mo HOA · listed by United Realty Group IncFull listing →Unit 3704$500,000$1,244/SF0 bd · 1 ba · 402 sf56 days listed · $589/mo HOA · listed by One World PropertiesFull listing →Unit 3405$499,000$1,020/SF1 bd · 1 ba · 489 sf62 days listed · $802/mo HOA · listed by Brosda & Bentley Realtors, LLCFull listing →Unit 504$499,000$1,390/SF0 bd · 1 ba · 359 sf1 day listed · $562/mo HOA · listed by Realty One Group EvolutionFull listing →Unit 1404$489,0000 bd · 1 ba214 days listed · $588/mo HOA · listed by Exclusive Living R.E. LLCFull listing →Unit 1813$485,000$913/SF1 bd · 1.5 ba · 531 sf18 days listed · $875/mo HOA · listed by Luxe PropertiesFull listing →Unit 2908$485,000$907/SF1 bd · 1 ba · 535 sf177 days listed · $877/mo HOA · listed by Cervera Real Estate Inc.Full listing →Unit 1500$478,000$1,044/SF0 bd · 1 ba · 458 sf192 days listed · $674/mo HOA · listed by Florida Homes Realty & MortgageFull listing →Unit 912A$475,0000 bd · 1 ba227 days listed · $562/mo HOA · listed by Core Realty Associates, Inc.Full listing →Unit 501B$475,0000 bd · 1 ba97 days listed · $563/mo HOA · listed by Core Realty Associates, Inc.Full listing →Unit 1001B$475,000$1,063/SF0 bd · 1 ba · 447 sf265 days listed · $563/mo HOA · listed by Optimar International RealtyFull listing →Unit 3200$468,000$1,136/SF0 bd · 1 ba · 412 sf136 days listed · $589/mo HOA · listed by MAK Realty GroupFull listing →Unit 1012A$450,000$1,312/SF0 bd · 1 ba · 343 sf134 days listed · $563/mo HOA · listed by Affinity International RealtyFull listing →Unit 3309$449,000$1,251/SF0 bd · 1 ba · 359 sf58 days listed · $580/mo HOA · listed by Grand Realty of America, Corp.Full listing →Unit 304$449,000$1,251/SF0 bd · 1 ba · 359 sf5 days listed · $588/mo HOA · listed by BM2 RealtyFull listing →Unit 807$449,000$1,004/SF0 bd · 1 ba · 447 sf264 days listed · $657/mo HOA · listed by Optimar International RealtyFull listing →Unit 401B$439,000$982/SF0 bd · 1 ba · 447 sf265 days listed · $563/mo HOA · listed by Optimar International RealtyFull listing →Unit 2409$435,000$1,212/SF0 bd · 1 ba · 359 sf1 day listed · $589/mo HOA · listed by Affinity International RealtyFull listing →Unit 3304$415,000$1,156/SF0 bd · 1 ba · 359 sf1 day listed · $589/mo HOA · listed by Rich Homes of FloridaFull listing →Unit 1809$410,000$1,142/SF0 bd · 1 ba · 359 sf151 days listed · $589/mo HOA · listed by Miami Residential GroupFull listing →Unit 901A$405,000$983/SF0 bd · 1 ba · 412 sf4 days listed · $675/mo HOA · listed by PFS Realty LLCFull listing →Unit 712B$395,000$966/SF0 bd · 1 ba · 409 sf5 days listed · $669/mo HOA · listed by PFS Realty LLCFull listing →Unit 1909$355,000$989/SF0 bd · 1 ba · 359 sf2 days listed · $589/mo HOA · listed by Rich Homes of FloridaFull listing →Unit 709$345,000$961/SF0 bd · 1 ba · 359 sf177 days listed · $589/mo HOA · listed by Cervera Real Estate Inc.Full listing →

For rent 27 listings · Nov 2, 2026

Unit 1712$4,999/mo$6.60/SF2 bd · 2 ba · 757 sf145 days listed · listed by Realty One Group EstatesFull listing →Unit 2712$4,850/mo$5.81/SF2 bd · 2 ba · 835 sf182 days listed · listed by Global Prestige Real Estate LLCFull listing →Unit 2301$4,700/mo$6.18/SF2 bd · 2 ba · 760 sf41 days listed · listed by AMMOS, LLCFull listing →Unit 1701$4,600/mo$6.05/SF2 bd · 2 ba · 760 sf1 day listed · listed by One Sotheby's International RealtyFull listing →Unit 3203$4,500/mo$8.27/SF1 bd · 2 ba · 544 sf16 days listed · listed by Florida Brokers Intl' RealtyFull listing →Unit 2700$4,500/mo$9.00/SF0 bd · 1 ba · 500 sf89 days listed · listed by MAK Realty GroupFull listing →Unit 2905$4,250/mo$8.69/SF1 bd · 1 ba · 489 sf29 days listed · listed by United Realty Group IncFull listing →Unit 3002$4,200/mo$7.04/SF1 bd · 2 ba · 597 sf141 days listed · listed by Rutois International Realty LLCFull listing →Unit 1607$3,695/mo$9.21/SF0 bd · 1 ba · 401 sf30 days listed · listed by EXP Realty LLCFull listing →Unit 1511$3,650/mo$6.71/SF1 bd · 2.5 ba · 544 sf21 days listed · listed by United Realty Group IncFull listing →Unit 1706$3,400/mo$5.37/SF1 bd · 1.5 ba · 633 sf27 days listed · listed by Oceanica International RealtyFull listing →Unit 1710$3,400/mo$6.24/SF1 bd · 2.5 ba · 545 sf56 days listed · listed by Novalux Realty, LLC.Full listing →Unit 3006$3,300/mo$6.46/SF1 bd · 1.5 ba · 511 sf50 days listed · listed by Sieber International, LLCFull listing →Unit 2708$3,300/mo$6.17/SF1 bd · 1 ba · 535 sf5 days listed · listed by Luxe PropertiesFull listing →Unit 2211$3,200/mo1 bd · 2 ba92 days listed · listed by Potential Property GroupFull listing →Unit 912A$3,100/mo0 bd · 1 ba86 days listed · listed by Core Realty Associates, Inc.Full listing →Unit 1506$3,100/mo$6.07/SF1 bd · 1.5 ba · 511 sf162 days listed · listed by Complete Realty GroupFull listing →Unit 2109$3,100/mo$8.64/SF0 bd · 1 ba · 359 sf1 day listed · listed by MAK Realty GroupFull listing →Unit 2107$3,000/mo$7.48/SF0 bd · 1 ba · 401 sf11 days listed · listed by AMMOS, LLCFull listing →Unit 2309$3,000/mo$8.36/SF1 bd · 1 ba · 359 sf28 days listed · listed by Treasure Property Group LLCFull listing →Unit 2706$3,000/mo$5.35/SF1 bd · 1.5 ba · 561 sf170 days listed · listed by Opa Locka Real Estate LLCFull listing →Unit 1400$2,995/mo$7.27/SF0 bd · 1 ba · 412 sf98 days listed · listed by Compass Florida, LLCFull listing →Unit 2604$2,900/mo$7.21/SF0 bd · 1 ba · 402 sf101 days listed · listed by Opa Locka Real Estate LLCFull listing →Unit 504$2,800/mo$7.80/SF0 bd · 1 ba · 359 sf93 days listed · listed by Realty One Group EvolutionFull listing →Unit 707$2,800/mo$6.98/SF0 bd · 1 ba · 401 sflisted today · listed by Coldwell Banker RealtyFull listing →Unit 3209$2,700/mo$7.52/SF0 bd · 1 ba · 359 sf14 days listed · listed by Blackbook PropertiesFull listing →Unit 512A$2,500/mo$6.11/SF0 bd · 1 ba · 409 sf15 days listed · listed by Novaverse Real EstateFull listing →

Under contract 3

  • Unit 2611$598,900 · 1 bd
  • Unit 3713$3,690/mo · 1 bd
  • Unit 2408$3,000/mo · 1 bd

Listings matched to this building's recorded addresses. I don't have to be the listing agent to show you any unit or to negotiate for you. Search condos in 33132

The read on 501 First Residences.

Activity as of Nov 2, 2026
  • A renters' building. Leases outnumbered sales 14 to 1 over the last 12 months (28 leases, 2 sales), at a median $2,950 a month.
Read the full record 4 paragraphs and 10 facts, every figure from the MLS and county record

501 First Residences is a 40-story tower at 121 NE 5th St in Downtown, completed in 2025. 448 residences are on record for the building. Aria Development Group developed it; the architect is Revuelta Architecture International. Interiors are by Shim Projects. Only one Downtown building in the atlas has a later completion year.

On November 2, 2026, 44 units were listed for sale, asking $345K to $995K (median ask $1,078/SF across 41 listings). One more was under contract. Two sales closed between November 2, 2025 and November 2, 2026, from $370K to $391K, $854/SF.

27 units were offered for rent at $2,500 to $4,999 a month. 28 leases were signed over the same 12 months, at a median $2,950 a month (range $2,100 to $4,500). Leases outnumbered sales 14 to 1 over that year, so renters are a large share of who lives here.

Association rules on file: short-term rentals allowed.

Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records and my condo archive. Blanks mean the record doesn't state it; nothing here is estimated.

The record

Address
121 NE 5th St, Miami 33132
Neighborhood
Downtown
Developer
Aria Development Group
Architect
Revuelta Architecture International
Interior design
Shim Projects
Year built
2025
Floors
40
Residences on file
448
Recorded MLS listings
73
Also recorded as
121 NE 5th Steet

The numbers at 501 First Residences.

Every sale and lease the MLS has recorded at this address, sales first.

MLS via Bridge IDX · as of Nov 2, 2026
Show all closings 2 sales · 28 leases on record since 2026

Closed sales Nov 2, 2024 to Nov 2, 2026 · 2

UnitBDBASFAskedClosed$/SFClose dateDOM
801B01–$395,000$370,000–Aug 25, 2026138
912B01458$414,500$391,000$854Jul 9, 202653

Leases signed Nov 2, 2025 to Nov 2, 2026 · 28

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
211012545$3,500/mo$3,500/mo$6.42Oct 31, 202654
341112544$3,199/mo$3,199/mo$5.88Oct 11, 202665
331311.5531$3,050/mo$3,000/mo$5.65Oct 1, 2026139
1101A01412$2,950/mo$2,800/mo$6.80Oct 1, 20262
512B01409$2,450/mo$2,350/mo$5.75Oct 1, 202660
281012545$2,990/mo$3,000/mo$5.50Sep 20, 202636
120901359$2,650/mo$2,650/mo$7.38Sep 19, 202616
201311.5531$3,450/mo$3,200/mo$6.03Sep 1, 202619
90212–$3,450/mo$3,450/mo–Aug 24, 2026154
301311.5–$3,100/mo$3,000/mo–Aug 24, 202638
70901402$2,100/mo$2,100/mo$5.22Aug 20, 2026111
180811535$3,350/mo$3,200/mo$5.98Aug 3, 20265
180001412$2,950/mo$2,950/mo$7.16Aug 3, 20265
51012597$2,800/mo$2,800/mo$4.69Jul 22, 2026147
140401–$2,495/mo$2,650/mo–Jun 20, 202688

The 15 most recent of 28.

Data: Miami Assoc. of REALTORS® MLS via Bridge IDX, as of Nov 2, 2026. Listings matched to this building's recorded addresses; pending includes under-contract. Closed listings shown as records only, no photos. Blanks mean the record doesn't state it. How these numbers are made

The file on 501 First Residences.

The rules on record, the documents in my files, the two Florida checks every buyer should run, and the buildings around it. Each card opens.

Rules

What 501 First Residences allows

Short-term / Airbnb
Allowed

Rules change: I confirm the current bylaws and application requirements before you write an offer or sign a lease.

FEMA flood zone

X

Outside FEMA's Special Flood Hazard Area. Flood insurance is optional, and still worth pricing.

What the zone means
  • Minimal flood hazard on FEMA's current map.
  • The zone is a map line, not a premium. Ask the association for its master flood policy, and get a flood quote for the specific unit before you commit.

FEMA National Flood Hazard Layer, checked at the building's mapped location on Oct 12, 2026. Open the official map ↗

Milestone structural inspection

Due 2055

Due by statute by December 31, 2055, 30 years after 2025, then every 10 years.

What the deadline means
  • Miami-Dade sets 25 years for condo buildings within three miles of the coastline, which would be December 31, 2050.
  • Based on year built 2025 (MLS record). The statute counts from the certificate of occupancy date, which can differ.
  • The association must give every owner the inspector's summary. Ask for it, and for the structural integrity reserve study, before you commit.

Fla. Stat. § 553.899(3) ↗ and Miami-Dade recertification ↗, read Oct 9, 2026. What the deadline means for buyers

Nearby

Around 501 First Residences

5 more nearby

Compare with the two nearest →Every Downtown building →Distances are straight-line. Building data from Miami Assoc. of REALTORS® MLS records via Bridge IDX.

Own here, or looking here

Owners: tell me your unit and I'll prepare its value myself. Buyers and renters: I'll tell you when a unit here lists or sells. Either way it starts a conversation with me, not a mailing list.

Own here?

Get your unit's value

Tell me your unit and I'll prepare its value myself, from 501 First Residences's closed sales and what is listed now. Then we talk it through.

Phone or email. One is enough.

Thinking about

Goes to Enrique only. No mailing list.

Looking here?

Get alerts when a unit lists or sells

When a unit at 501 First Residences lists or sells, I'll let you know. I send these myself, not a robot.

Phone or email. One is enough.

Alerts for

Goes to Enrique only. No mailing list.

Enrique Ponte Ojeda on a balcony overlooking the water in Miami
I read the building before you buy or sell a unit in it.Closed history, the association's rules, what is really for sale and what it should trade at. Then we talk.
Enrique Ponte Ojeda
Licensed Florida Real Estate Agent · Carmona Realty Group

Or reach me directly

iMessage
Call / Text786-578-6900 Emaileponteojeda@gmail.com