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121 NE 5th St # 2102, Miami FL 33132

Condo/Co-op For Sale
$625,000

BTC: 9.76562500

ETH: 357.96105384

New
Waterfront
1 bds
2 ba
544 sqft

Overview

Best deal at 501 First! 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.

Location

Details

Type:
Residential
Parking:
1 Space / Valet
Year Built:
2026
Lot:
No Data
Heating:
Central
Price/sqft:
$1,149
Cooling:
Central Air
HOA:
$890

Valuation

Our model vs. what's actually selling nearby.
Estimate
$585,000
$450K – $850K
Confidence Low
List vs. estimate
$40K above estimate
List $625,000 · +6.8%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,148
+103.6% vs. city median $564
Based on
132 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $586K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

HOA
$890/mo
View
Bay, Skyline
Waterfront
Yes
Garage
1 car garage
Pets
More Than 20 Lbs
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: 01-41-01-008-0860

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $890

    • HOA Frequency: Monthly

  • Source details

    • MLS ID: A12023677

    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
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

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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: Florida Capital Realty