Sell Your Home
Get a free home valuation
Contact
Tell us about your needs

121 NE 5th St # 1602, Miami FL 33132

Condo/Co-op For Sale
$574,900

BTC: 6.87514949

ETH: 236.38980263

New
1 bds
2 ba
544 sqft

Overview

The ultimate passive-income powerhouse in the heart of Downtown Miami at 501 First Residences! Unit 1602 is a fabulous, fully finished, and designer-furnished 1-bed + den, 2-bath luxury sanctuary optimizing 659 total sq. ft. (597 interior + private balcony). Delivering complete rental freedom with ZERO rental restrictions, you can host daily on platforms like Airbnb from day one. The interior sparkles with 9-foot ceilings, floor-to-ceiling glass, an urban balcony with stunning downtown city vistas, custom Italian cabinetry, and integrated premium Smeg appliances. The multi-functional den and full second bathroom provide unmatched guest flexibility to maximize daily booking rates! Indulge in 20,000+ sq. ft. of elite rooftop amenities: a 75-foot heated lap pool, hot hydrotherapy bath, outdoor movie theatre, world-class HOMAGE Fitness center, and co-working spaces. UNBEATABLE TRANSIT-ORIENTED LOCATION: Steps away from Miami Worldcenter’s retail mega-district, blocks from world-class concerts and Heat games at the Kaseya Center, and a short walk to Bayside Marketplace and MiamiCentral Brightline Station. Capitalize on Miami's booming hospitality market with this premier real estate asset!

Location

Details

Type:
Residential
Parking:
1 Space
Year Built:
2025
Lot:
No Data
Heating:
Electric
Price/sqft:
$1,057
Cooling:
Electric
HOA:
$890

Valuation

Our model vs. what's actually selling nearby.
Estimate
$549,000
$470K – $837K
Confidence Low
List vs. estimate
$25K above estimate
List $574,900 · +4.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,056
+86.2% vs. city median $567
Based on
84 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
$890/mo
View
Other View
Garage
1 car garage
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Electric

    Cooling

    • Electric

    Appliances

    • Dishwasher

    • Dryer

    • Electric Range

    • Electric Water Heater

    • Microwave

    • Refrigerator

    • Washer

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 2

  • Parking

    • 1 Space

    Property

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 01-41-01-008-0810

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $890

    • HOA Frequency: Monthly

  • Source details

    • MLS ID: A12108736

    Other facts

    • Patio And Porch Features: Open Balcony

    • Architectural Style: High Rise

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 544

    • Subdivision Name: 501 FIRST RESIDENCES CONDO

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.

More like this

For Sale
$499,000
Condo/Co-op
1 bds · 1 ba · 526 sqft
DISTRICT 225 CONDO, Miami
225 N Miami Ave # 803, Miami FL 33128
For Sale
$650,000
Condo/Co-op
2 bds · 2 ba · 1,335 sqft
BRICKELL ON THE RIVER N, Miami
31 SE 5th St # 3516, Miami FL 33131
For Sale
$405,000
Condo/Co-op
· 1 ba · 400 sqft
Crosby Miami Worldcenter, Miami
11 NE 6th St # 2315, Miami FL 33132
1676 SW 10th St, Miami FL 33135
For Sale
$700,000
Multi-family
0 room(s) · 3,296 sqft
SHENANDOAH, Miami
1676 SW 10th St, Miami FL 33135
For Sale
$695,000
Condo/Co-op
1 bds · 2 ba · 1,173 sqft
PARAMOUNT MIAMI WORLDCENT, Miami
851 NE 1st Ave # 2406, Miami FL 33132
For Sale
$585,000
Condo/Co-op
2 bds · 2 ba · 1,051 sqft
BRICKELL ON THE RIVER N T, Miami
31 SE 5th St # 1608, Miami FL 33131
For Sale
$415,000
Condo/Co-op
· 1 ba · 727 sqft
NEO VERTIKA CONDO, Miami
690 SW 1st Ct # 501, Miami FL 33130
For Sale
$485,000
Condo/Co-op
1 bds · 1 ba · 746 sqft
PARAISO BAYVIEWS CONDO, Miami
501 NE 31st St # 3907, Miami FL 33137

Market around this address

Live counts in the same area.
View all

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: EXP Realty LLC