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121 NE 5th St # 2708, Miami FL 33132

Condo/Co-op For Sale
$605,000

BTC: 7.44247612

ETH: 247.03960800

New
Waterfront
1 bds
1 ba
535 sqft

Overview

Turnkey corner 1BR/1BA at 501 First Residences, Miami Worldcenter — a building with NO rental restrictions, where daily Airbnb/short-term rentals are fully permitted. Sold fully furnished and completely turnkey: start renting the day after closing. Currently a successful, income-producing short-term rental built to cover its own carrying costs. Corner unit with a wraparound balcony and city + bay views, full modern kitchen, in-unit washer/dryer, and central A/C. Building offers a rooftop pool + hot tub, fitness center, co-working spaces, resident lounges, BBQ terrace, and secure controlled-access entry. Steps to Metromover/Metrorail; 5 min to Brickell, 10 to Miami Beach, 15 to MIA. A rare, legally short-term-rentable condo in Downtown Miami.

Location

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

Details

Type:
Residential
Parking:
On Street / Valet
Year Built:
2025
Lot:
No Data
Heating:
Central
Price/sqft:
$1,131
Cooling:
Central Air
HOA:
$877

Valuation

Our model vs. what's actually selling nearby.
Estimate
$555,000
$410K – $849K
Confidence Low
List vs. estimate
$50K above estimate
List $605,000 · +9.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,130
+99.6% vs. city median $566
Based on
291 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $606K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

HOA
$877/mo
View
Bay, Skyline
Waterfront
Yes
Furnished
Furnished
Pets
Not allowed
All facts and features

  • Flooring

    • Vinyl

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Ice Maker

    • Microwave

    • Refrigerator

    • Trash Compactor

    • Washer

    Other interior features

    • Closet Cabinetry

    • Elevator

    • Fire Sprinklers

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • On Street

    • Valet

    Property

    • Exterior Features: Open Balcony

    Other Property Information

    • Parcel Number: 01-41-01-008-2960

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $877

    • HOA Frequency: Monthly

  • Source details

    • MLS ID: A12078643

    Other facts

    • Construction Materials: CBS Construction

    • Patio And Porch Features: Open Balcony

    • Architectural Style: Corner Unit / High Rise

    • Waterfront: Yes

    • Living Area: 535

    • Subdivision Name: 501 First 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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Market around this address

Live counts in the same area.
View all
This zip
33132
810
median $627K
Active
Same city
Miami
12,488
median $640K
Active
Same type
Condo/Co-op
6,543
median $495K
Active
Similar price
$423K – $786K
4,123
median $580K
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: Luxe Properties