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New construction
    • Price cut: $10K (6/5)
    $478,000

    121 NE 5th St #1500, Miami, FL 33132

    0beds
    458sqft
    : 
    $3,939/mo
    Get pre-qualified
    Condominium
    Built in 2025
    -- sqft lot
    $465,700 Zestimate®
    $1,044/sqft
    $674/mo HOA

    What's special

    Private balcony
    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.
    170 days
    11
    0

    Zillow last checked:

    Listing updated:

    Listed by:

    Salesperson Non Member 352-359-7708,

    Non-MLS Member

    Source: MIAMI,MLS#: A11977341MLS LogoOriginating MLS: A-Miami Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 0
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Central, Electric
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator
      Features
      • Lobby, Elevator
      • Flooring: Ceramic Tile
      • Doors: High Impact Doors
      • Windows: Skylight(s)
      Interior area
      • Total structure area: 458
      • Total interior livable area: 458 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: 1 Space, Valet
      • Attached garage spaces: 1
      Features
      • Entry location: First Floor Entry
      • Exterior features: Barbecue, Balcony
      • Spa features: Community
      • Has view: Yes
      • View description: Bay, Ocean
      • Has water view: Yes
      • Water view: Bay,Ocean
      • Waterfront features: Waterfront
      Lot
      • Features: East Of Us1, West Of Us1
      Details
      • Parcel number: 0000000000000

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Condition
      • New Construction
      • New construction: Yes
      • Year built: 2025

      Community & HOA

      Community
      • Security: Smoke Detector, Doorman, Elevator Secure, Card Entry, Fire Alarm, Lobby Secured
      • Application fee: $150
      • Pet fee: $0
      • Subdivision: 501 First Residence
      HOA
      • Has HOA: Yes
      • Amenities included: Barbecue, Business Center, Community Room, Elevator(s), Fitness Center, Pool, Sauna, Spa/Hot Tub
      • HOA fee: $674 monthly
      Location
      • Region: Miami

      Financial & listing details

      • Price per square foot: $1,044/sqft
      • Annual tax amount: $1,007
      • Date on market: 3/1/2026
      • Listing terms: All Cash,Conventional,FHA,VA Loan

        Estimated market value

        $465,700

        $442,000 - $489,000

        $3,098/mo

        Price history

        DateEventPrice
        6/5/2026Price change$478,000-2%$1,044/sqft
        Source: Stellar MLS #GC538024 Report a problem
        3/4/2026Listing removed$3,500$8/sqft
        Source: Zillow Rentals Report a problem
        3/1/2026Listed for sale$488,000$1,066/sqft
        Source: Stellar MLS #GC538024 Report a problem
        2/25/2026Listed for rent$3,500+35.7%$8/sqft
        Source: Zillow Rentals Report a problem
        2/25/2026Listing removed$2,580$6/sqft
        Source: Zillow Rentals Report a problem
        2/12/2026Price change$2,580-3%$6/sqft
        Source: Zillow Rentals Report a problem
        2/4/2026Price change$2,660-0.4%$6/sqft
        Source: Zillow Rentals Report a problem
        1/26/2026Price change$2,670-3.6%$6/sqft
        Source: Zillow Rentals Report a problem
        1/25/2026Price change$2,770-4.5%$6/sqft
        Source: Zillow Rentals Report a problem
        1/23/2026Price change$2,900-3.3%$6/sqft
        Source: Zillow Rentals Report a problem
        1/22/2026Price change$3,000-3.2%$7/sqft
        Source: Zillow Rentals Report a problem
        1/19/2026Price change$3,100-6.1%$7/sqft
        Source: Zillow Rentals Report a problem
        1/17/2026Price change$3,300-5.7%$7/sqft
        Source: Zillow Rentals Report a problem
        1/3/2026Price change$3,500-5.4%$8/sqft
        Source: Zillow Rentals Report a problem
        12/28/2025Price change$3,700-2.6%$8/sqft
        Source: Zillow Rentals Report a problem
        12/26/2025Price change$3,800-5%$8/sqft
        Source: Zillow Rentals Report a problem
        12/23/2025Listed for rent$4,000$9/sqft
        Source: Zillow Rentals Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Downtown

        Getting around

        96 / 100
        Walker's Paradise
        100 / 100
        Rider's Paradise
        76 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Douglass; Frederick
        • Middle: de Diego; Jose
        • High: Washington; Brooker T

        Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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