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

About This Home

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!

Property Details

Bathrooms Full

2

Bathrooms Half

0

Interior Features

Other

Appliances

Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer

Flooring

Ceramic Floor

Heating

Electric

Cooling

Electric

Architectural Style

High Rise

Garage Spaces

1

Parking Features

1 Space

Property Condition

New Construction

Building & Association

Building Name

501 FIRST

Stories Total

40

Entry Level

16

Association

Yes

Association Fee

$890

Association Fee Frequency

Monthly

Association Amenities

Exercise Room, Heated Pool, Other, Pool

Security Features

Smoke Detector, Lobby Secured, Other

Lot & Construction

Lot Size Square Feet

0

Waterfront

No

View

Other View

Exterior Features

Open Balcony

New Construction

Yes

Public Records

Parcel Number

01-41-01-008-0810

Tax Annual Amount

0

Tax Year

2,025

County Or Parish

Miami-Dade County

Location