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121 NE 5 ST # 709, Miami FL 33132

Condo/Co-op For Sale
$379,000

BTC: 4.70924453

ETH: 155.83881579

-$30K (2026/10/08)
166 days
1 ba
359 sqft

Overview

DRASTICALLY REDUCED FOR QUICK SALE! UNIT RENTED UNITL MAY 19, 2027 @ 2,100- BYER HAS TO RESPECT CURRENT LEASE. Unit 709 presents a opportunity in one of Miami’s most sought-after new developments. This 2025-built studio is designed for maximum utility and appeal in the high-demand Downtown rental market. A thoughtfully designed open studio layout providing 359 square feet of interior living space. Unlike typical urban studios, this unit features a deep 38-square-foot balcony, extending the living area into the city atmosphere. Fully equipped with contemporary Italian cabinetry, premium integrated appliances, and an in-unit washer and dryer. Situated at 121 NE 5th St, residents are positioned at the epicenter of Miami's urban evolution. Steps from the multi-billion dollar Miami Worldcenter project, ensuring long-term desirability and infrastructure support. Directly adjacent to the Brightline station and Metro Mover, providing effortless access to the wider South Florida region. Within walking distance of the Kaseya Center, Museum Park, and the city’s premier dining and nightlife.

Location

Florida • Miami • 33132 • Condo/Co-op • For Sale

Details

Type:
Residential
Parking:
Valet
Year Built:
2026
Lot:
No Data
Heating:
Central / Electric
Price/sqft:
$1,056
Cooling:
Central Air / Electric
HOA:
$589

Valuation

Our model vs. what's actually selling nearby.
Estimate
$434,500
$375K – $575K
Confidence Low
List vs. estimate
$55K below estimate
List $379,000 · -12.8%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$1,055
+86.0% vs. city median $567
Based on
52 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $12.6M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

HOA
$589/mo
View
Other View
Furnished
Furnished
Pets
Not allowed
All facts and features

  • Flooring

    • Ceramic Floor

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Water Heater

    • Ice Maker

    • Microwave

    • Electric Range

    • Refrigerator

    • Washer

    Other interior features

    • Interior Hall

    • Lobby

    • Fire Sprinklers

    • Entrance Foyer

    Bedrooms and bathrooms

    • Full bathrooms: 1

  • Parking

    • Valet

    Property

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 01-41-01-008-3110

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $589

    • HOA Frequency: Monthly

  • Source details

    • MLS ID: A12015916

    Other facts

    • Construction Materials: Concrete Block Construction

    • Patio And Porch Features: Open Balcony / Wrap Around

    • Window Features: Complete Impact Glass / Blinds / Impact Glass

    • Direction Faces: North

    • Architectural Style: High Rise

    • Living Area: 359

    • Subdivision Name: 501 FIRST RESIDENCES

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33132
414
median $649K
Active
Same city
Miami
6,218
median $650K
Active
Same type
Condo/Co-op
3,119
median $515K
Active
Similar price
$265K – $492K
1,391
median $385K
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Cervera Real Estate Inc.