Price reducedMLS® A12026255

$500,000

↓ Price reduced $35,000 on Oct 20, 2026

121 NE 5th Street 510, Miami, FL 33132

Beds: 1
Baths: 2
Sqft: 545

Est. payment$3,736/mo

Home type: Condominium
Year built: 2025
Lot size: —
Price / sqft: $917
HOA: $892/mo
Community: 501 First Residences

Property description

Fully furnished 1-bedroom + den, 2-bath residence at the brand-new 501 First Residences. No rental restrictions Unit 510 offers 597 SF with views of Biscayne Bay, the Kaseya Center, and the Freedom Tower. Turn-key unit featuring a European-style kitchen with Bosch appliances, private bedroom suite with built-ins, spa-style bath with rain shower, in-unit washer/dryer, and floor-to-ceiling windows with roller shades.Amenities include a rooftop pool, cinema, co-working lounge, and fitness center.

Listing activity

Days on market: 149
Listed: May 27, 2026
MLS listing updated: Oct 20, 2026
Feed last checked: 10 minutes ago

Listed by Marcella Reyes · United Realty Group Inc

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): 2
Full bathrooms: 2
Half bathrooms: 0

Rooms & features

Rooms: 0
Interior features: Elevator
Flooring: Marble, Slate
Appliances: Electric Water Heater, Dishwasher, Disposal, Dryer, Trash Compactor

Heating & cooling

Heating: Central
Cooling: Central Air

Property

Parking

Garage spaces: 1
Garage: Yes
Covered spaces: 1
Parking features: Valet
Attached garage: No

Exterior

Stories: 40
Building area: 545 sqft
Entry level: 1
Exterior features: Other
Waterfront property: No

Construction

Type & style

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

Materials

Construction: Block
Property condition: New Construction

Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision: 501 First Residences
MLS area: 2410
Security: Fire Alarm, Key Card Entry
Pets allowed: Yes
55+ community: No

Association

Has association: Yes
Association fee: $892 monthly
Estimated monthly dues: $892
Amenities: Maintenance, Pool, Clubhouse, Elevator(s), Fitness Center, Picnic Area

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: A12026255
Possession: Close Of Escrow
Original list price: $550,000
Parcel number: 0141010083430
Annual property tax: $0
Tax year: 2025
Tax legal description: 501 First Residences

Additional MLS details

Reported by the listing source

Association Amenities: Maintenance, Pool, Clubhouse, Elevator(s), Fitness Center, Picnic Area
Association Fee Frequency: Monthly
Association: Yes
Bathrooms Total Decimal: 2
Bathrooms Total Integer: 2
Building Area Total: 545
Construction Materials: Block
County Or Parish: Miami-Dade
Days On Market: 149
Elementary School: Frederick Douglass
High School: Booker T. Washington
List Price: 500000
Listing Contract Date: 2026-05-27
Living Area: 545
MLSArea Major: 2410
Middle Or Junior School: Jose De Diego
Mls Status: Active
On Market Date: 2026-05-27
Photos Count: 54
Postal Code: 33132
Price Change Timestamp: 2026-10-20T17:23:02Z
Property Sub Type: Condominium
Property Type: Residential
Rooms Total: 0
Security Features: Fire Alarm, Key Card Entry
Senior Community: No
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-05-27T04:00:00Z
Stories Total: 40
Subdivision Name: 501 First Residences
Tax Annual Amount: 0
Bathrooms Full: 2
Bedrooms Total: 1
Waterfront: No
Bathrooms Half: 0
Financial Information: Estimated Monthly Assoc Recurring Fee: 892

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 27, 2026	ListedMIAMI REALTORS® MLS	$550,000$1,009/sqft
Oct 20, 2026	Price reducedMIAMI REALTORS® MLS	$500,000$917/sqft

Public tax history

Year	Property taxes	Assessment
2025	$0	—

Payment calculator

Estimated monthly payment$3,736/moIllustrative estimate, not a loan offer.

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

Principal & interest: $2,594
Property taxes: $0
Insurance: $250
Association dues: $892

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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