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121 NE 5th St # 1813, Miami FL 33132

Condo/Co-op For Sale
$485,000

BTC: 5.73150555

ETH: 183.01886792

1 days
1 bds
1 ba
531 sqft

Overview

PRIME INVESTMENT OPPORTUNITY AT 501 FIRST RESIDENCES! OWN A PIECE OF MIAMI IN THE HEART OF DOWNTOWN! Competitively priced and offered fully furnished, this 1-bedroom, 1.5-bath residence features 582 SF of thoughtfully designed living space in one of Miami’s newest short-term rental-friendly developments. ALREADY OPERATING ON SHORT-TERM RENTAL PLATFORMS with a strong reported performance history! Operating financials and rental reports available to serious buyers upon request. A fantastic opportunity for investors seeking an established rental operation rather than starting from scratch! Enjoy contemporary finishes, a modern kitchen, floor-to-ceiling windows and resort-style amenities, including a spectacular rooftop pool overlooking Miami’s skyline, fitness facilities and inviting social spaces. UNBEATABLE DOWNTOWN LOCATION near Miami Worldcenter, Kaseya Center, Brightline, Bayside Marketplace, PortMiami’s cruise terminals, shopping, dining and entertainment, with Miami International Airport approximately 5 miles away. Continue with the existing property management team or explore your preferred operator, subject to applicable requirements. COMPETITIVELY PRICED FOR ITS SIZE! FINANCIALS AVAILABLE! MOTIVATED SELLER! AN EXCEPTIONAL TURNKEY INVESTMENT OPPORTUNITY. PRICED TO SELL! UPDATED PHOTO OF THE BUILDING'S RESORT AMENITIES COMING THIS WEEK! STAY TUNED!!

Location

Details

Type:
Residential
Parking:
Other / Valet
Year Built:
2025
Lot:
No Data
Heating:
Central
Price/sqft:
$913
Cooling:
Central Air
HOA:
$875

Valuation

Our model vs. what's actually selling nearby.
Estimate
$540,000
$410K – $775K
Confidence Low
List vs. estimate
$55K below estimate
List $485,000 · -10.2%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$913
+60.4% vs. city median $569
Based on
301 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

Annual tax
$8,329
2025
HOA
$875/mo
View
Other View, Water View
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Disposal

    • Dryer

    • Electric Range

    • Electric Water Heater

    • Ice Maker

    • Microwave

    Other interior features

    • Lobby

    • Fire Sprinklers

    • Entrance Foyer

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Bathrooms: 1

    • Full bathrooms: 1

  • Parking

    • Other

    • Valet

    Property

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 01-41-01-008-4570

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Green energy

    • HVAC

  • Other financial information

    • HOA: $875

    • HOA Frequency: Monthly

    • Annual tax amount: $8,329

  • Source details

    • MLS ID: A12100451

    Other facts

    • Construction Materials: Concrete Block Construction

    • Patio And Porch Features: Open Balcony

    • Window Features: Clear Impact Glass

    • Architectural Style: High Rise

    • Living Area: 531

    • Subdivision Name: 501 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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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: Luxe Properties