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121 NE 5th St # 3405, Miami FL 33132

Condo/Co-op For Sale
$588,000

BTC: 9.30379747

ETH: 309.04427532

New
1 bds
1 ba
489 sqft

Overview

Experience elevated living in this spectacular high-floor residence at 501 First Residences, located in the heart of Downtown Miami. This modern unit features breathtaking skyline views, floor-to-ceiling impact windows, high ceilings, elegant finishes, and an open-concept layout designed for today's lifestyle. The contemporary kitchen offers premium cabinetry, quartz countertops, and stainless steel appliances, seamlessly connecting to the spacious living and dining areas. Enjoy world-class amenities, including a resort-style rooftop pool, state-of-the-art fitness center, yoga studio, co-working spaces, social lounges, game room, concierge, valet, and 24-hour security. Perfectly positioned just steps from Miami Worldcenter, Brightline, Kaseya Center, Bayside Marketplace, Museum Park, top restaurants, shopping, nightlife, and Miami's beautiful waterfront. One of the few luxury buildings allowing short-term rentals, this residence presents an exceptional opportunity for investors, seasonal owners, or anyone seeking maximum flexibility and income potential. Whether you're looking for a primary residence, vacation home, or high-performing investment property, this is your chance to own in one of Miami's fastest-growing and most exciting neighborhoods.

Location

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

Details

Type:
Residential
Parking:
Valet
Year Built:
2025
Lot:
No Data
Heating:
Central
Price/sqft:
$1,202
Cooling:
Other
HOA:
$802

Valuation

Our model vs. what's actually selling nearby.
Estimate
$509,900
$381K – $763K
Confidence Low
List vs. estimate
$78K above estimate
List $588,000 · +15.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,202
+114.6% vs. city median $560
Based on
245 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $537K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

HOA
$802/mo
View
Bay
Garage
1 car garage
All facts and features

  • Flooring

    • Other

    Heating

    • Central

    Cooling

    • Other

    Appliances

    • Dishwasher

    • Disposal

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • Valet

    Property

    • Exterior Features: None

    Other Property Information

    • Parcel Number: 01-41-01-008-2010

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $802

    • HOA Frequency: Monthly

  • Source details

    • MLS ID: A12054926

    Other facts

    • Architectural Style: Corner Unit / High Rise

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 489

    • Subdivision Name: 501 First Residence

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
778
median $647K
Active
Same city
Miami
12,444
median $635K
Active
Same type
Condo/Co-op
6,594
median $495K
Active
Similar price
$411K – $764K
4,008
median $565K
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: Brosda & Bentley Realtors, LLC