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.
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