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121 NE 5 St 1500Miami, FL 33132

For Sale

$488,000

Smart Buyer Rebate $2,200

Brand new studio at 501 First Residence Condominium in Downtown Miami. Unit 1500 offers 458 SF with floor to ceiling impact windows, private balcony and stunning 180 ` ocean city views . Fully furnished with brand new bed , mattress, desk, stools and sofa -Trunkey and ready for immediate rental income. Luxury amenities include a rooftop pool (40th floor) sunrise & sunset lounge (38th Floor) fitness center , coworking spaces and party room . Near Metro mover, Miami World Center , Brightline Station, Bayfront Park and entertainment. Prime opportunity in Maimi's high - demand short-term rental market.

Listed by Ying Yan

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License #nonmls

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Florida Homes Realty & Mortgage

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(352)359-7708

Last updated March 12, 2026

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Source: MIAMIRE #A11977341

Listing Facts

  • TypeCondo
  • NeighborhoodMiami Central Business District
  • Bathrooms1
  • Days on Prevu16
  • HOA/Maint. Fees$674/month
  • Taxes$1,007/year
  • Size458 sqft
  • Price per sqft$1,066

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Pets Allowed
  • Air Conditioning
  • Elevator
  • Parking

Location

Mortgage Calculator

Listing History

03/01/2026
Listed by Florida Homes Realty & Mortgage
$488,000

Property Details for 121 NE 5 St 1500

Association

Amenities

  • Association Amenities: Barbecue, Business Center, Community Room, Elevator(s), Exercise Room, Heated Pool, Sauna, Spa/Hot Tub
  • Pets Allowed: Restrictions Or Possible Restrictions

Fees

  • Association Fee: $674.00 Monthly
  • Association Fee Includes: All Amenities, Cable Tv, Common Area, Elevator, Landscaping/Lawn Maintenance, Outside Maintenance, Parking, Pool Service, Trash Removal

Exterior

Construction

  • New Construction: Yes
  • Property Attached: Yes
  • Property Condition: New Construction
  • Stories Total: 40
  • Structure Type: Condo 5+ Stories, Condo
  • Window Features: Skylight
  • Year Built: 2025
  • Year Built Details: New Construction
  • Building Name: 501 First Residence
  • Entry Level: 15
  • Exterior Features: East Of Us1, West Of Us1, Barbeque, Open Balcony

Features

  • Direction Faces: South
  • Patio And Porch Features: Open Balcony
  • View: Bay, Ocean View
  • Waterfront Features: Waterfront
  • Waterfront: Yes

Measurements

  • Building Area Total: 458
  • Building Area Units: Square Feet
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: 00-00-00-000-0000
  • Tax Annual Amount: $1,007.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator
  • Flooring: Ceramic Floor
  • Interior Features: Lobby, First Floor Entry, Elevator, Skylight

Measurements

  • Living Area: 458
  • Living Area Units: Square Feet

Rooms

  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1

Other

Location

  • Subdivision Name: 501 First Residence

Parking

Parking

  • Attached Garage: Yes
  • Covered Spaces: 1
  • Garage Spaces: 1
  • Garage: Yes
  • Parking Features: 1 Space, Valet

Schools

Elementary School

  • Elementary School: Douglass; Frederick

High School

  • High School: Washington; Brooker T

Middle or Junior School

  • Middle Or Junior School: De Diego; Jose

Utilities

Equipment

  • Cooling: Ceiling Fan(s), Central Air
  • Has Cooling: Yes
  • Heating: Central, Electric
  • Has Heating: Yes

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is bedrooms and 1 bathroom in this condo at 121 NE 5 St 1500.

What schools are nearby to 121 NE 5 St 1500?

Nearby schools include the Douglass; Frederick Elementary School, De Diego; Jose Middle School, and Washington; Brooker T High School.

Does this condo have parking?

Yes, there is 1 parking space available for 121 NE 5 St 1500.

Are pets allowed at 121 NE 5 St?

Yes, 121 NE 5 St allows pets. Check the Property Details for any relevant restrictions.

What are the annual taxes for 121 NE 5 St 1500?

Annual taxes for this condo are estimated at $1,007.

How does 121 NE 5 St 1500 compare to other condos in Miami Central Business District?

This condo is listed 76% below the average price for condos in Miami Central Business District and has been on the market for 128 less days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is in the 501 First Residence building.

What is the square footage on this condo?

According to the MLS, this listing is 458 sqft.

121 NE 5 St 1500 is a -bedroom, 1-bath condo for sale in Miami FL 33132. Available on Prevu for 16 days at $488,000. This property features 458 square feet of living space, located in Miami Central Business District. The median listing price for condos in this area is $730,000. Nearby schools include Douglass; Frederick Elementary School, De Diego; Jose Middle School, and Washington; Brooker T High School. The home offers private outdoor space, dishwasher, pets allowed, elevator, air conditioning, parking, and washer/dryer. Browse more condo listings in Miami.

Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.