121 5th Street Unit 1602, Miami, FL 33132

$574,900 — Active

Property Features

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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

  • Listing ID: A12108736
  • Status: Active
  • Listing Date: 2026-10-19
  • Property Type: Condominium
  • Unit / Building #: 1602
  • Subdivision: 501 FIRST RESIDENCES CONDO
  • County: Miami-Dade
  • MLS Area: 2410
  • Bedrooms: 1
  • Full Bathrooms: 2
  • Living Area Sq Ft: 544
  • Year Built: 2025

Financial

  • List Price: $574,900
  • HOA Fee: $890/mo
  • Taxes: N/A

Features & Amenities

  • View: Other
  • 55+ Community (HOPA): Yes
  • Pets Allowed: Yes
  • Cooling: Electric
  • Heating: Electric
  • Flooring: Ceramic Tile
  • Interior Features: Other
  • Exterior Features: Balcony
  • Community Amenities: Fitness Center, Other, Pool, Heated Pool

Courtesy of EXP Realty LLC
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© 2026 Starfish Real Estate. Listings updated Nov 11, 2026 5:00 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.