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121 NE 5th St # 2002, Miami FL 33132

Condo/Co-op For Sale
$649,000

BTC: 8.23499660

ETH: 265.00612495

1 days
Waterfront
1 bds
2 ba
544 sqft

Overview

Beauty Unit in brand new construction at 501 First Residences in Downtown Miami. 544 SF fully furnished and finished. No rental restrictions. Floor-to-ceiling glass, private balcony, European cabinetry and appliances. In unit washer/dryer. . Luxury amenities include a 75-foot rooftop lap pool, hot tub, cold plunge, summer kitchen, a private rooftop theater, and three luxury coworking lounges in the building. 24-hour valet. Contactless package lockers. Prime location with Brickell, Bayside, Miami Worldcenter, Brightline, top dining and entertainment, Kaseya Center, Bayfront Park, Pérez Art Museum, and Frost Museum of Science all less than a 5–10-minute walk away. Ultimate short-term rental potential in one of Miami’s fastest-growing urban areas.

Location

Details

Type:
Residential
Parking:
1 Space / Valet
Year Built:
2026
Lot:
No Data
Heating:
Central
Price/sqft:
$1,193
Cooling:
Central Air
HOA:
$800

Valuation

Our model vs. what's actually selling nearby.
Estimate
$582,500
$470K – $837K
Confidence Low
List vs. estimate
$66K above estimate
List $649,000 · +11.4%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,193
+111.5% vs. city median $564
Based on
184 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $502K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,974
2025
HOA
$800/mo
View
Bay, Skyline
Waterfront
Yes
Garage
1 car garage
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Disposal

    • Dryer

    • Washer

    Other interior features

    • First Floor Entry

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 2

  • Parking

    • 1 Space

    • Valet

    Property

    • Exterior Features: Barbeque / Courtyard / Open Balcony

    Other Property Information

    • Parcel Number: 01-41-01-008-0850

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $800

    • HOA Frequency: Monthly

    • Annual tax amount: $2,974

  • Source details

    • MLS ID: A12079665

    Other facts

    • Construction Materials: Concrete Block Construction

    • Patio And Porch Features: Deck / Open Balcony

    • Architectural Style: High Rise

    • Waterfront: Yes

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 544

    • Subdivision Name: 501 1ST AVE

Private inquiry
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Market around this address

Live counts in the same area.
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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: Miami Life Realty LLC