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121 NE 5th Street 1506, Miami FL 33132
121 NE 5th Street 1506, Miami FL 33132
Florida>Miami>Miami Central Business District

121 NE 5th Street 1506Miami, FL 33132

For Sale

$590,000

Smart Buyer Rebate $5,900

Prime investment opportunity in Downtown Miami at 121 NE 5th St, Unit 1506. Modern residence featuring floor-to-ceiling windows, private balcony, and sleek contemporary design. Ideal for primary living, vacation use, or income-producing investment. Located steps from Miami Worldcenter, Brightline, Bayside, top dining, entertainment, and major transit hubs. Positioned in one of Miami's fastest-growing urban corridors. Short-term rentals such as Airbnb allowed (verify building guidelines), offering exceptional income potential. Strong projected demand driven by Miami's expanding tourism market and upcoming global events including the FIFA World Cup. A rare opportunity to own a flexible, high-demand asset in the heart of Miami. Short-term rentals permitted (verify current building guidelines). Strong Airbnb income potential. Prime Downtown Miami location within walking distance to Miami Worldcenter, Kaseya Center, Brightline, PortMiami, and major attractions. High projected demand driven by continued tourism growth and upcoming global events including the FIFA World Cup.

Listed by Alberto Primavesi

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License #3238899

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Complete Realty Group

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3059056790

Listed by Daniela Lainville

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License #3261343

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Complete Realty Group

Last updated July 24, 2026

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Source: BeachesMLS #B26013348

Listing Facts

  • TypeCondo
  • NeighborhoodMiami Central Business District
  • Bedrooms1
  • Bathrooms1.5
  • Days on Prevu113
  • HOA/Maint. Fees$893/month
  • Taxes$8,000/year
  • Size511 sqft
  • Price per sqft$1,155

Amenities

  • Dishwasher
  • Washer/Dryer
  • Pets Allowed
  • Air Conditioning
  • Parking
  • Swimming Pool
  • Fitness Center

Location

Mortgage Calculator

Listing History

04/09/2026
Listed by Complete Realty Group
$590,000

Property Details for 121 NE 5th Street 1506

Association

Amenities

  • Association Amenities: Pool, Billiard Room, Clubhouse, Fitness Center, Maintenance Grounds, Gated, Management, Recreation Facilities, Spa/Hot Tub, Security, Trash
  • Community Features: Gated
  • Pets Allowed: Yes

Fees

  • Association Fee: $893.00 Monthly
  • Association Fee Includes: Internet

General

  • Association Name: 501 Residences

Exterior

Construction

  • Roof: Other
  • Stories: 1
  • Stories Total: 43
  • Structure Type: Multi Family
  • Window Features: Blinds
  • Year Built: 2025
  • Architectural Style: Other
  • Construction Materials: Other, Stucco
  • Entry Level: 15

Features

  • Direction Faces: South
  • Pool Features: Pool/Spa Combo, Association, Private
  • Pool Private: Yes
  • View: City

Measurements

  • Building Area Total: 511

Financial

Taxes

  • Parcel Number: 0141010082160
  • Tax Annual Amount: $8,000.00
  • Tax Assessed Value: $4,200,000.00
  • Tax Year: 2026

Interior

Features

  • Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Freezer, Disposal, Microwave, Oven, Refrigerator, Washer
  • Flooring: Concrete, Ceramic Tile, Tile

Measurements

  • Living Area: 511
  • Living Area Source: Public Records

Rooms

  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 1
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Rooms Total: 3

Other

Location

  • Subdivision Name: MIAMI

Parking

Parking

  • Parking Features: Valet

Utilities

Equipment

  • Cooling: Central Air, Electric
  • Has Cooling: Yes
  • Electric: 100 Amp Service
  • Heating: Central
  • Has Heating: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There is 1 bedroom and 1.5 bathrooms in this condo at 121 NE 5th Street 1506.

Are pets allowed at 121 NE 5th Street?

Yes, 121 NE 5th Street allows pets.

What are the annual taxes for 121 NE 5th Street 1506?

Annual taxes for this condo are estimated at $8,000.

How does 121 NE 5th Street 1506 compare to other condos in Miami Central Business District?

This condo is listed 49% below the average price for condos in Miami Central Business District and has been on the market for 26 less days than the typical home in this area.

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

This condo is part of the 501 Residences home owners association.

What is the square footage on this condo?

According to the MLS, this listing is 511 sqft.

121 NE 5th Street 1506 is a 1-bedroom, 1.5-bath condo for sale in Miami FL 33132. Available on Prevu for 113 days at $590,000. This home features 511 square feet of living space, located in Miami Central Business District. The median listing price for condos in this area is $599,000. Property amenities include dishwasher, pets allowed, air conditioning, fitness center, parking, swimming pool, and washer/dryer. View other condo listings in Miami.

Based on information from Beaches MLS 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.