
Property photos —
MIAMI REALTORS® MLS↓ Price reduced $89,000 on Sep 16, 2026
121 NE 5th Street 3405, Miami, FL 33132
- Beds
- 1
- Baths
- 1
- Sqft
- 489
- Home type
- Condominium
- Year built
- 2025
- Lot size
- —
- Price / sqft
- $1,020
- HOA
- $802/mo
- Community
- 501 First Residence
Property description
Experience elevated living in this spectacular high-floor residence at 501 First Residences, located in the heart of Downtown Miami. This modern unit features breathtaking skyline views, floor-to-ceiling impact windows, high ceilings, elegant finishes, and an open-concept layout designed for today's lifestyle. The contemporary kitchen offers premium cabinetry, quartz countertops, and stainless steel appliances, seamlessly connecting to the spacious living and dining areas.Enjoy world-class amenities, including a resort-style rooftop pool, state-of-the-art fitness center, yoga studio, co-working spaces, social lounges, game room, concierge, valet, and 24-hour security. Perfectly positioned just steps from Miami Worldcenter, Brightline, Kaseya Center, Bayside Marketplace, Museum Park, top restaurants, shopping, nightlife, and Miami's beautiful waterfront.One of the few luxury buildings allowing short-term rentals, this residence presents an exceptional opportunity for investors, seasonal owners, or anyone seeking maximum flexibility and income potential. Whether you're looking for a primary residence, vacation home, or high-performing investment property, this is your chance to own in one of Miami's fastest-growing and most exciting neighborhoods.
Listing activity
- Days on market
- 62
- Listed
- Jul 16, 2026
- MLS listing updated
- Sep 16, 2026
- Feed last checked
- 10 minutes ago
Listed by Ekaterina D Brosda · Brosda & Bentley Realtors, LLC
Map
Map location is based on MLS-supplied coordinates. Verify the location before relying on it.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms
- 1
- Bathrooms
- 1
- Bathrooms (decimal)
- 1
- Full bathrooms
- 1
- Half bathrooms
- 0
Rooms & features
- Rooms
- 0
- Interior features
- Other
- Flooring
- Other
- Appliances
- Dishwasher, Disposal
Heating & cooling
- Heating
- Central
- Cooling
- Other
Property
Parking
- Garage spaces
- 1
- Garage
- Yes
- Covered spaces
- 1
- Parking features
- Valet
- Attached garage
- No
Exterior
- Stories
- 40
- Building area
- 489 sqft
- Exterior features
- None
- View
- Bay
- Waterfront property
- No
Construction
Type & style
- Home type
- Condominium
- Year built
- 2025
- New construction
- Yes
Materials
- Property condition
- New Construction
Utilities & green energy
Not reported by the listing source.
Community & HOA
Community
- Subdivision
- 501 First Residence
- MLS area
- 2410
- Security
- Elevator Secure, Key Card Entry, Lobby - Attended
- Pets allowed
- Yes
- 55+ community
- No
Association
- Has association
- Yes
- Association fee
- $802 monthly
- Estimated monthly dues
- $802
- Amenities
- Maintenance, Fitness Center
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
- A12054926
- Possession
- Close Of Escrow
- Original list price
- $588,000
- Parcel number
- 0141010082010
- Annual property tax
- $0
- Tax year
- 2026
- Tax legal description
- 501 First Residence
Additional MLS details
Reported by the listing source
- Association Amenities
- Maintenance, Fitness Center
- Association Fee Frequency
- Monthly
- Association
- Yes
- Bathrooms Total Decimal
- 1
- Bathrooms Total Integer
- 1
- Building Area Total
- 489
- County Or Parish
- Miami-Dade
- Days On Market
- 62
- Elementary School
- Frederick Douglass
- High School
- Booker T. Washington
- List Price
- 499000
- Listing Contract Date
- 2026-07-16
- Living Area
- 489
- MLSArea Major
- 2410
- Middle Or Junior School
- Jose De Diego
- Mls Status
- Active
- On Market Date
- 2026-07-16
- Photos Count
- 51
- Postal Code
- 33132
- Price Change Timestamp
- 2026-09-16T23:08:22Z
- Property Sub Type
- Condominium
- Property Type
- Residential
- Rooms Total
- 0
- Security Features
- Elevator Secure, Key Card Entry, Lobby - Attended
- Senior Community
- No
- Standard Status
- Active
- State Or Province
- FL
- Status Change Timestamp
- 2026-07-16T04:00:00Z
- Stories Total
- 40
- Subdivision Name
- 501 First Residence
- Tax Annual Amount
- 0
- Bathrooms Full
- 1
- Bedrooms Total
- 1
- Waterfront
- No
- Bathrooms Half
- 0
- Financial Information: Estimated Monthly Assoc Recurring Fee
- 802
Market value
Price history
| Date | Event | Price |
|---|---|---|
| Jul 16, 2026 | ListedMIAMI REALTORS® MLS | $588,000$1,202/sqft |
| Sep 16, 2026 | Price reducedMIAMI REALTORS® MLS | $499,000$1,020/sqft |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2026 | $0 | — |
Payment calculator
- Principal & interest
- $2,589
- Property taxes
- $0
- Insurance
- $250
- Association dues
- $802
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 ResidenceMiami · Miami-Dade County · 33132
Climate risk
—No licensed climate-risk source is connected.
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