ActiveMLS® A12015916

$390,000

121 NE 5 Street 709, Miami, FL 33132

Beds: 0
Baths: 1
Sqft: 402

Est. payment$2,808/mo

Home type: Condominium
Year built: 2026
Lot size: —
Price / sqft: $970
HOA: $589/mo
Community: 501 FIRST RESIDENCES

Property description

Unit 709 presents a opportunity in one of Miami’s most sought-after new developments. This 2025-built studio is designed for maximum utility and appeal in the high-demand Downtown rental market. A thoughtfully designed open studio layout providing 359 square feet of interior living space. Unlike typical urban studios, this unit features a deep 38-square-foot balcony, extending the living area into the city atmosphere. Fully equipped with contemporary Italian cabinetry, premium integrated appliances, and an in-unit washer and dryer. Situated at 121 NE 5th St, residents are positioned at the epicenter of Miami's urban evolution. Steps from the multi-billion dollar Miami Worldcenter project, ensuring long-term desirability and infrastructure support. Directly adjacent to the Brightline station and Metro Mover, providing effortless access to the wider South Florida region. Within walking distance of the Kaseya Center, Museum Park, and the city’s premier dining and nightlife.

Listing activity

Days on market: 144
Listed: May 8, 2026
MLS listing updated: 2 hours ago
Feed last checked: 4 minutes ago

Listed by Patricio J Orloff · Cervera Real Estate Inc.

Map

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

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 0
Bathrooms: 1
Bathrooms (decimal): 1
Full bathrooms: 1
Half bathrooms: 0

Rooms & features

Rooms: 0
Interior features: Entrance Foyer
Flooring: Ceramic Tile
Appliances: Electric Water Heater, Dishwasher, Disposal, Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Washer
Furnished: Furnished
Window features: Blinds

Heating & cooling

Heating: Central, Electric
Cooling: Central Air, Electric

Property

Parking

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

Exterior

Stories: 40
Patio & porch: Porch - Wrap Around, Porch
Exterior features: Balcony, Lighting
View: Other
Waterfront property: No

Construction

Type & style

Home type: Condominium
Year built: 2026
New construction: Yes

Materials

Construction: Block
Property condition: New Construction
Faces: North

Utilities & green energy

Utilities

Electric: Circuit Breakers

Community & HOA

Community

Subdivision: 501 FIRST RESIDENCES
MLS area: 2410
Security: Fire Alarm, Fire Sprinkler System, Security Patrol, Smoke Detector(s)
Pets allowed: No
55+ community: No

Association

Has association: Yes
Association fee: $589 monthly
Estimated monthly dues: $589
Amenities: Maintenance, Pool, Bike Storage, Business Center, Clubhouse, Community Room, Elevator(s), Fitness Center, Heated Pool, Kitchen Facilities, Library, Lobby, Management, Sauna, Spa/Hot Tub, Trash Chute
Services included: Pool Service, Common Areas, Elevator, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Security, Sewer, Trash, Water

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: A12015916
Possession: Other
Original list price: $409,000
Parcel number: 0141010083110
Annual property tax: $0
Tax year: 2026
Tax legal description: Condominium Parcel No. 709 of 501 FIRST RESIDENCES CONDOMINIUM

Additional MLS details

Reported by the listing source

Association Amenities: Maintenance, Pool, Bike Storage, Business Center, Clubhouse, Community Room, Elevator(s), Fitness Center, Heated Pool, Kitchen Facilities, Library, Lobby, Management, Sauna, Spa/Hot Tub, Trash Chute
Association Fee Frequency: Monthly
Association Fee Includes: Pool Service, Common Areas, Elevator, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Security, Sewer, Trash, Water
Association: Yes
Bathrooms Total Decimal: 1
Bathrooms Total Integer: 1
Construction Materials: Block
County Or Parish: Miami-Dade
Days On Market: 144
Direction Faces: North
Elementary School: Frederick Douglass
High School: Booker T. Washington
List Price: 390000
Listing Contract Date: 2026-05-08
Living Area: 402
MLSArea Major: 2410
Middle Or Junior School: Jose De Diego
Mls Status: Active
On Market Date: 2026-07-27
Patio And Porch Features: Porch - Wrap Around, Porch
Photos Count: 9
Postal Code: 33132
Price Change Timestamp: 2026-07-27T18:38:36Z
Property Sub Type: Condominium
Property Type: Residential
Rooms Total: 0
Security Features: Fire Alarm, Fire Sprinkler System, Security Patrol, Smoke Detector(s)
Senior Community: No
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-07-27T05:35:14Z
Stories Total: 40
Subdivision Name: 501 FIRST RESIDENCES
Tax Annual Amount: 0
Bathrooms Full: 1
Bedrooms Total: 0
Waterfront: No
Bathrooms Half: 0
Financial Information: Estimated Monthly Assoc Recurring Fee: 589

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
May 8, 2026	ListedMIAMI REALTORS® MLS	$409,000$1,017/sqft
Jul 27, 2026	Price reducedMIAMI REALTORS® MLS	$390,000$970/sqft

Public tax history

Year	Property taxes	Assessment
2026	$0	—

Payment calculator

Estimated monthly payment$2,808/moIllustrative estimate, not a loan offer.

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

Principal & interest: $2,024
Property taxes: $0
Insurance: $195
Association dues: $589

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

501 FIRST RESIDENCES

Miami · Miami-Dade County · 33132

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Frederick DouglassElementary

—

Jose De DiegoMiddle

—

Booker T. WashingtonHigh

—

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

Nearby homes

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