Price reducedMLS® A12024881

$857,900

↓ Price reduced $27,000 on Sep 27, 2026

121 NE 5th Street 1712, Miami, FL 33132

Beds: 2
Baths: 2
Sqft: 757

Est. payment$6,180/mo

Home type: Condominium
Year built: 2025
Lot size: —
Price / sqft: $1,133
HOA: $1,300/mo
Community: 501 First Residences

Property description

Luxury 2BD/2BA residence at 501 First Residences in the heart of Downtown Miami. Brand-new and fully furnished, For Sale. Features floor-to-ceiling glass, private balcony with stunning bay and city views, sleek Italian cabinetry, and premium appliances. Enjoy 20,000+ SF of resort-style amenities including rooftop pool, hydrotherapy spa, fitness center by HOMAGE, yoga/meditation spaces, private lounges, chef’s kitchen, media room, and greenhouse retreat. Prime location within walking distance to Bayside Marketplace, Bayfront Park, and Kaseya Center, plus direct access to the Metromover for easy connectivity to Brickell, Design District, and South Beach. Easy to show.

Listing activity

Days on market: 127
Listed: May 25, 2026
MLS listing updated: 2 hours ago
Feed last checked: 12 minutes ago

Listed by Claudia Castano Barroso · Realty One Group Estates

Map

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

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Bathrooms (decimal): 2
Full bathrooms: 2
Half bathrooms: 0

Rooms & features

Rooms: 2
Interior features: Closet Cabinetry, Storage, Other
Flooring: Concrete, Tile, Other
Appliances: Dishwasher, Disposal, Trash Compactor
Furnished: Furnished

Heating & cooling

Heating: Central
Cooling: Central Air

Property

Parking

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

Exterior

Stories: 40
Building area: 757 sqft
Exterior features: Balcony
View: Bay, Skyline, Other
Waterfront: Other
Waterfront property: Yes

Construction

Type & style

Home type: Condominium
Year built: 2025
New construction: Yes

Materials

Construction: Block, CBS, Other
Property condition: New Construction
Faces: East

Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision: 501 First Residences
MLS area: 2410
Security: Elevator Secure, Key Card Entry, Security System
Pets allowed: Pet Restrictions Possible, Yes
55+ community: No

Association

Has association: Yes
Association fee: $1,300 monthly
Estimated monthly dues: $1,300
Amenities: Maintenance, Pool, Community Room, Elevator(s), Fitness Center, Lobby, Sauna, Other

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: A12024881
Possession: Close Of Escrow, Negotiable
Original list price: $949,000
Parcel number: 0141010084310
Annual property tax: $0
Tax year: 2025
Tax legal description: 501 FIRST RESIDENCES CONDO UNIT 1712 UNDIV 0.31236% INT IN COMMON ELEMENTS OFF REC 35067-4463
Special listing conditions: Real Estate Owned

Additional MLS details

Reported by the listing source

Association Amenities: Maintenance, Pool, Community Room, Elevator(s), Fitness Center, Lobby, Sauna, Other
Association Fee Frequency: Monthly
Association: Yes
Bathrooms Total Decimal: 2
Bathrooms Total Integer: 2
Building Area Total: 757
Construction Materials: Block, CBS, Other
County Or Parish: Miami-Dade
Days On Market: 127
Direction Faces: East
Elementary School: Frederick Douglass
High School: Booker T. Washington
List Price: 857900
Listing Contract Date: 2026-05-25
Living Area: 757
MLSArea Major: 2410
Middle Or Junior School: Jose De Diego
Mls Status: Active
On Market Date: 2026-05-25
Photos Count: 83
Postal Code: 33132
Price Change Timestamp: 2026-09-27T14:32:53Z
Property Sub Type: Condominium
Property Type: Residential
Rooms Total: 2
Security Features: Elevator Secure, Key Card Entry, Security System
Senior Community: No
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-05-25T04:00:00Z
Stories Total: 40
Subdivision Name: 501 First Residences
Waterfront Features: Other
Tax Annual Amount: 0
Bathrooms Full: 2
Bedrooms Total: 2
Bathrooms Half: 0
Financial Information: Estimated Monthly Assoc Recurring Fee: 1300

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 25, 2026	ListedMIAMI REALTORS® MLS	$949,000$1,254/sqft
Sep 27, 2026	Price reducedMIAMI REALTORS® MLS	$857,900$1,133/sqft

Public tax history

Year	Property taxes	Assessment
2025	$0	—

Payment calculator

Estimated monthly payment$6,180/moIllustrative estimate, not a loan offer.

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

Principal & interest: $4,451
Property taxes: $0
Insurance: $429
Association dues: $1,300

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

12 homes