Price reducedMLS® B26013348

$545,000

↓ Price reduced $5,000 on Sep 21, 2026

121 NE 5th Street 1506, Miami, FL 33132

Beds: 1
Baths: 2
Sqft: 511

Est. payment$4,661/mo

Home type: Condominium
Year built: 2025
Lot size: 0 sqft
Price / sqft: $1,067
HOA: $893/mo
Community: MIAMI

Property description

Prime investment opportunity in Downtown Miami at 121 NE 5th St, Unit 1506. Modern residence featuring floor-to-ceiling windows, private balcony, and sleek contemporary design. Ideal for primary living, vacation use, or income-producing investment. Located steps from Miami Worldcenter, Brightline, Bayside, top dining, entertainment, and major transit hubs. Positioned in one of Miami's fastest-growing urban corridors. Short-term rentals such as Airbnb allowed (verify building guidelines), offering exceptional income potential. Strong projected demand driven by Miami's expanding tourism market and upcoming global events including the FIFA World Cup. A rare opportunity to own a flexible, high-demand asset in the heart of Miami. Short-term rentals permitted (verify current building guidelines). Strong Airbnb income potential. Prime Downtown Miami location within walking distance to Miami Worldcenter, Kaseya Center, Brightline, PortMiami, and major attractions. High projected demand driven by continued tourism growth and upcoming global events including the FIFA World Cup.

Listing activity

Days on market: 170
Listed: Apr 9, 2026
MLS listing updated: Sep 26, 2026
Feed last checked: 7 minutes ago

Listed by Alberto Primavesi · Complete Realty Group

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 2
Bathrooms (decimal): 1.5
Full bathrooms: 1
Half bathrooms: 1
Main-level bedrooms: 1
Main-level bathrooms: 1

Rooms & features

Rooms: 3
Interior features: Closet Cabinetry
Flooring: Ceramic Tile, Concrete, Tile
Appliances: Freezer, Electric Cooktop, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Oven, Refrigerator, Washer
Laundry: Inside
Fireplace: No
Furnished: Furnished
Window features: Blinds

Heating & cooling

Heating: Central Individual
Cooling: Central Individual, Electric

Property

Parking

Garage: No
Carport: No
Parking spaces: 0
Covered spaces: 0
Parking features: Valet
Attached garage: No

Exterior

Stories: 43
Building area: 511 sqft
Pool: Yes
Pool features: Pool/Spa Combo
View: City
Waterfront property: No

Lot

Lot size: 0 sqft
Lot size (acres): 0 acres
Zoning: 6401

Construction

Type & style

Home type: Condominium
Structure type: Multi Family
Architectural style: Other
Year built: 2025
New construction: No

Materials

Construction: Stucco, Other
Roof: Other
Foundation: Concrete Perimeter
Property condition: Resale
Levels: One
Faces: South

Utilities & green energy

Utilities

Electric: 100 Amp Service
Sewer: Public Sewer
Water: Public
Utilities: Cable Available

Community & HOA

Community

Subdivision: MIAMI
MLS area: 2410
MLS subarea: DADE
Security: Building Security, Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Key Card Entry
Pets allowed: No Restrictions, Yes
55+ community: No

Association

Has association: Yes
Association fee: $893 monthly
Estimated monthly dues: $893
Amenities: Security, Maintenance, Gated, Pool, Billiard Room, Business Center, Community Room, Fitness Center, Game Room, Internet Included, Management, Manager On Site, Spa/Hot Tub, Trash Chute
Services included: Pool Service, Internet
Association name: 501 Residences

Lease details

Not reported by the listing source.

Location

Area details

City: Miami
County: Miami-Dade
ZIP code: 33132

Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number: B26013348
Possession: Close Of Escrow
Original list price: $680,000
Parcel number: 0141010082160
Annual property tax: $8,000
Tax year: 2026
Assessed value: $4,200,000
Tax legal description: MIAMI NORTH PB B-41 LOT 13 BLK 62 LESS S10FT FOR R/W LOT SIZE 7000 SQ FT M/L OR 17180-1196 0496 6
Special listing conditions: Standard

Additional MLS details

Reported by the listing source

Association Amenities: Security, Maintenance, Gated, Pool, Billiard Room, Business Center, Community Room, Fitness Center, Game Room, Internet Included, Management, Manager On Site, Spa/Hot Tub, Trash Chute
Association Fee Frequency: Monthly
Association Fee Includes: Pool Service, Internet
Association: Yes
Bathrooms Total Decimal: 1.5
Bathrooms Total Integer: 2
Building Area Total: 511
Construction Materials: Stucco, Other
County Or Parish: Miami-Dade
Days On Market: 170
Direction Faces: South
Foundation Details: Concrete Perimeter
Laundry Features: Inside
List Price: 545000
Listing Contract Date: 2026-04-09
Living Area: 511
Lot Size Acres: 0
Lot Size Area: 0
MLSArea Major: 2410
MLSArea Minor: DADE
Main Level Bathrooms: 1
Main Level Bedrooms: 1
Mls Status: Active
On Market Date: 2026-04-09
Parking Total: 0
Photos Count: 26
Postal Code: 33132
Price Change Timestamp: 2026-09-21T15:40:14Z
Property Sub Type: Condominium
Property Type: Residential
Rooms Total: 3
Security Features: Building Security, Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Key Card Entry
Senior Community: No
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-04-09T18:37:35Z
Stories Total: 43
Subdivision Name: MIAMI
Tax Assessed Value: 4200000
Water Source: Public
Tax Annual Amount: 8000
Bathrooms Full: 1
Pool Private: Yes
Bedrooms Total: 1
Waterfront: No
Bathrooms Half: 1
Financial Information: Estimated Monthly Assoc Recurring Fee: 893

Market value

Automated estimate—No licensed valuation source connected

Estimated sales range—Ask Karim for a local market analysis

Estimated rent—No licensed rental valuation source connected

Price history

Date	Event	Price
Apr 9, 2026	ListedBeachesMLS	$680,000$1,331/sqft
Sep 21, 2026	Price reducedBeachesMLS	$545,000$1,067/sqft

Public tax history

Year	Property taxes	Assessment
2026	$8,000	$4,200,000

Payment calculator

Estimated monthly payment$4,661/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $2,828
Property taxes: $667
Insurance: $273
Association dues: $893

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

MIAMI

Miami · Miami-Dade County · 33132

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Not reported by the listing source.

School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes