New construction

Price cut: $4K (5/29)

$495,000

121 NE 5th St #3400, Miami, FL 33132

0beds

456sqft

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Condominium

Built in 2026

-- sqft lot

$-- Zestimate^®

$1,086/sqft

$674/mo HOA

What's special

Unit already generating income in a short rental program with management company. Stunning high-floor residence on the 34th floor at 501 First Residences, offering breathtaking direct east-facing water views of Biscayne Bay. This beautifully designed unit comes fully furnished and completely turn-key, ideal for both personal use and investment. Approved for short-term rentals and currently professionally managed by a short-term rental company, the property offers excellent income potential from day one. Floor-to-ceiling windows fill the space with natural light and showcase spectacular bay views, while modern finishes and a private balcony enhance the living experience. Residents enjoy resort-style amenities and a prime location in the heart of Miami, just moments from dining, entertainment, and waterfront attractions.

129 days

16

1

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 0
Bathrooms: 1
Full bathrooms: 1

Heating

Central

Cooling

Central Air

Appliances

Included: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer

Features

Elevator
Flooring: Ceramic Tile
Doors: High Impact Doors
Windows: Blinds

Interior area

Total interior livable area: 456 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 1
Parking features: 1 Space, Guest, Valet
Attached garage spaces: 1

Features

Exterior features: Balcony
Pool features: Association
Has view: Yes
View description: Bay, Ocean, Water
Has water view: Yes
Water view: Bay,Ocean,Water

Details

Parcel number: 0141010080220

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

Concrete Block Construction, CBS Construction

Condition

New Construction
New construction: Yes
Year built: 2026

Community & HOA

Community

Security: Smoke Detector, Doorman, Elevator Secure, Lobby Secured
Application fee: $150
Pet fee: $100
Subdivision: 501 First

HOA

Has HOA: Yes
Amenities included: Barbecue, Bike Storage, Business Center, Clubhouse-Clubroom, Community Room, Elevator(s), Fitness Center, Pool, Trash
HOA fee: $674 monthly

Location

Region: Miami

Financial & listing details

Price per square foot: $1,086/sqft
Date on market: 3/7/2026
Listing terms: All Cash,Conventional
Ownership: Limited Partnership

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
5/29/2026	Price change	$495,000-0.8%$1,086/sqft
Source: MIAMI #A11978516 Report a problem
4/16/2026	Price change	$499,000-5%$1,094/sqft
Source: MIAMI #A11978516 Report a problem
3/7/2026	Listed for sale	$525,000$1,151/sqft
Source: MIAMI #A11978516 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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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