ActiveMLS® A12050437

$605,000

121 NE 5th Street 3706, Miami, FL 33132

Beds: 1
Baths: 2
Sqft: 561

Est. payment$4,269/mo

Home type: Condominium
Year built: 2025
Lot size: —
Price / sqft: $1,078
HOA: $827/mo
Community: 501 First Residences

Property description

BRAND NEW CONSTRUCTION! DEVELOPER UNIT! 1 Bedroom / 1.5 Bathrooms | 561 SF | South-FacingExceptional opportunity to own a brand-new, fully furnished residence in the heart of Downtown Miami. Thoughtfully designed with premium finishes throughout and move-in ready, this residence offers outstanding investment potential.One of the few residences in the area with no rental restrictions, allowing short-term rentals. Ideally located in the vibrant Miami Worldcenter district.The residence features floor-to-ceiling impact-resistant glass, a private balcony, Italian cabinetry, high-end appliances, and designer furnishings included in the sale.Residents enjoy over 20,000 square feet of resort-style amenities, including a rooftop pool, hydrotherapy spa, HOMAGE fitness center, yoga studio, entertainment lounges, coworking spaces, a chef's kitchen, and much more.Easy to show. Photos may not reflect the exact view or orientation of the residence but accurately represent the same floor plan and layout. Please refer to the floor plan for specific details and dimensions.

Listing activity

Days on market: 108
Listed: Jul 8, 2026
MLS listing updated: Sep 2, 2026
Feed last checked: 8 minutes ago

Listed by Peggy Michelle Olin · One World Properties

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

Rooms & features

Rooms: 0
Interior features: Elevator, Other
Flooring: Other
Appliances: Dishwasher, Disposal, Dryer, Electric Range, Ice Maker, Refrigerator, Washer, Other
Window features: Other
Other equipment: Other

Heating & cooling

Heating: Other
Cooling: Central Air

Property

Parking

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

Exterior

Stories: 40
Building area: 623 sqft
Exterior features: Courtyard, Barbecue, Other
View: Other
Waterfront property: No

Construction

Type & style

Home type: Condominium
Architectural style: Other
Year built: 2025
New construction: Yes

Materials

Construction: Other
Property condition: New Construction

Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision: 501 First Residences
MLS area: 2410
Security: Closed Circuit Camera(s), Elevator Secure, Key Card Entry, Security Patrol, Security System, Smoke Detector(s), Other
Pets allowed: Yes
55+ community: Yes

Association

Has association: Yes
Association fee: $827 monthly
Estimated monthly dues: $827
Amenities: Maintenance, Pool, Business Center, Clubhouse, Community Room, Fitness Center, Management, Picnic Area, Other
Services included: Common Areas, Elevator, Security

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: A12050437
Possession: Other
Original list price: $605,000
Parcel number: 0141010082380
Annual property tax: $0
Tax year: 2025
Tax legal description: 501 First Residences # 3706

Additional MLS details

Reported by the listing source

Association Amenities: Maintenance, Pool, Business Center, Clubhouse, Community Room, Fitness Center, Management, Picnic Area, Other
Association Fee Frequency: Monthly
Association Fee Includes: Common Areas, Elevator, Security
Association: Yes
Bathrooms Total Decimal: 1.5
Bathrooms Total Integer: 2
Building Area Total: 623
Construction Materials: Other
County Or Parish: Miami-Dade
Days On Market: 108
Elementary School: Frederick Douglass
High School: Booker T. Washington
List Price: 605000
Listing Contract Date: 2026-07-08
Living Area: 561
MLSArea Major: 2410
Middle Or Junior School: Jose De Diego
Mls Status: Active
On Market Date: 2026-07-08
Photos Count: 62
Postal Code: 33132
Property Sub Type: Condominium
Property Type: Residential
Rooms Total: 0
Security Features: Closed Circuit Camera(s), Elevator Secure, Key Card Entry, Security Patrol, Security System, Smoke Detector(s), Other
Senior Community: Yes
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-07-08T04:00:00Z
Stories Total: 40
Subdivision Name: 501 First Residences
Tax Annual Amount: 0
Bathrooms Full: 1
Bedrooms Total: 1
Waterfront: No
Bathrooms Half: 1
General Property Information: Senior Community: Yes
Financial Information: Estimated Monthly Assoc Recurring Fee: 827

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
Jul 8, 2026	ListedMIAMI REALTORS® MLS	$605,000$1,078/sqft

Public tax history

Year	Property taxes	Assessment
2025	$0	—

Payment calculator

Estimated monthly payment$4,269/moIllustrative estimate, not a loan offer.

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

Principal & interest: $3,139
Property taxes: $0
Insurance: $303
Association dues: $827

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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