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New construction
    • Price cut: $55K (6/12)
    $594,900

    121 NE 5th St #2411, Miami, FL 33132

    1beds
    597sqft
    : 
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    Condominium
    Built in 2026
    -- sqft lot
    $570,900 Zestimate®
    $996/sqft
    $890/mo HOA

    What's special

    We just reduced the Price 55K for a quick sale, call your investors! Modern 1 Bed + Den condominium located in the heart of Downtown Miami, with exceptional views and prime positioning within the building. This unit is one of the few in the area featuring no rental restrictions, making it ideal for short-term or long-term rental income or personal use with maximum flexibility. Delivered fully furnished in a brand-new building, the residence has never been occupied, presenting a true turnkey opportunity for the next owner. Residents enjoy incredible, top-of-the-line amenities designed to elevate the lifestyle experience, including resort-style common areas and premium building features that support both comfort and strong rental demand. With the best location and one of the most desirable views in the building, the smart layout maximizes space and functionality. Situated steps from top dining, entertainment, shopping, and transit, this property represents a rare opportunity to own in a high-demand urban market with strong investment upside. Seller financing available.
    134 days
    |
    48
    |
    2
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Daniel Rutois 954-447-4445,

    Rutois International Realty LLC

    Source: MIAMI,MLS#: A11975772MLS LogoOriginating MLS: A-Miami Association of REALTORS

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 2
      • Full bathrooms: 2
      Rooms
      • Room types: Den/Library/Office
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Washer/Dryer Leased
      Features
      • Built-in Features, Closet Cabinetry, Custom Mirrors
      • Flooring: Tile
      • Doors: High Impact Doors
      Interior area
      • Total structure area: 659
      • Total interior livable area: 597 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: 1 Space, Valet
      Features
      • Patio & porch: Deck
      • Exterior features: Barbecue
      • Pool features: Association
      • Spa features: Community
      • Has view: Yes
      • View description: Bay, Skyline
      • Has water view: Yes
      • Water view: Bay
      Details
      • Parcel number: 0000005012411

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • CBS Construction
      Condition
      • New Construction
      • New construction: Yes
      • Year built: 2026

      Community & HOA

      Community
      • Security: Doorman, Elevator Secure, Lobby Secured
      • Application fee: $150
      • Pet fee: $150
      • Subdivision: 501 First Residences
      HOA
      • Has HOA: Yes
      • Amenities included: Barbecue, Billiard Room, Business Center, Playground, Clubhouse-Clubroom, Fitness Center, Other, Pool, Sauna, Spa/Hot Tub, Trash
      • HOA fee: $890 monthly
      Location
      • Region: Miami

      Financial & listing details

      • Price per square foot: $996/sqft
      • Date on market: 3/3/2026
      • Listing terms: All Cash,Conventional

        Estimated market value

        $570,900

        $542,000 - $599,000

        $3,611/mo

        Price history

        DateEventPrice
        6/12/2026Price change$594,900-8.5%$996/sqft
        Source: MIAMI #A11975772 Report a problem
        3/4/2026Listed for sale$649,900$1,089/sqft
        Source: MIAMI #A11975772 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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Downtown

        Getting around

        96 / 100
        Walker's Paradise
        100 / 100
        Rider's Paradise
        79 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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