New construction

$579,900

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

1beds

597sqft

$4,891/mo

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Condominium

Built in 2026

-- sqft lot

$560,400 Zestimate^®

$971/sqft

$890/mo HOA

What's special

Delivered fully furnishedBrand-new buildingExceptional views

BY FAR THE BEST DEAL IN DOWNTOWN MIAMI! PRICED WELL BELOW MARKET VALUE. PRICE IS FIRM. Investors, take notice! Modern 1 Bed + Den residence in the heart of Downtown Miami, offering exceptional views and one of the most desirable locations within the building. One of the few opportunities in the area with NO RENTAL RESTRICTIONS, providing maximum flexibility for short-term rentals, long-term income, or personal use. Delivered fully furnished in a brand-new building, this is a true turnkey opportunity. Enjoy top-of-the-line resort-style amenities and an outstanding location just steps from dining, entertainment, shopping and transit. The smart layout maximizes space and functionality, while the combination of location, views and rental flexibility makes this an exceptional investment opportunity. SELLER FINANCING AVAILABLE

7 days
45
3

Likely to sell faster than

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, Electric Range, Ice Maker, Microwave, 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

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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: $971/sqft
Date on market: 8/24/2026
Listing terms: All Cash,Conventional

Estimated market value

$560,400

$532,000 - $588,000

$3,790/mo

Price history

Date	Event	Price
8/24/2026	Listed for sale	$579,900-2.5%$971/sqft
Source: MIAMI #A12074753 Report a problem
8/20/2026	Listing removed	$594,900$996/sqft
Source: MIAMI #A11975772 Report a problem
6/12/2026	Price change	$594,900-8.5%$996/sqft
Source: MIAMI #A11975772 Report a problem
3/4/2026	Listed for sale	$649,900$1,089/sqft
Source: MIAMI #A11975772 Report a problem