ActiveMLS® A12074753

$579,900

121 NE 5th Street 2411, Miami, FL 33132

Beds: 1
Baths: 2
Sqft: 597

Est. payment$4,189/mo

Home type: Condominium
Year built: 2026
Lot size: —
Price / sqft: $971
HOA: $890/mo
Community: 501 First Residences

Property description

BY FAR THE BEST DEAL IN DOWNTOWN MIAMI! PRICED WELL BELOW MARKET VALUE. PRICE IS FIRM. Investors, take notice! Modern 1 Bed + Den residence in the heart of Downtown Miami, offering exceptional views and one of the most desirable locations within the building. One of the few opportunities in the area with NO RENTAL RESTRICTIONS, providing maximum flexibility for short-term rentals, long-term income, or personal use. Delivered fully furnished in a brand-new building, this is a true turnkey opportunity. Enjoy top-of-the-line resort-style amenities and an outstanding location just steps from dining, entertainment, shopping and transit. The smart layout maximizes space and functionality, while the combination of location, views and rental flexibility makes this an exceptional investment opportunity. SELLER FINANCING AVAILABLE

Listing activity

Days on market: 65
Listed: Aug 24, 2026
MLS listing updated: Oct 28, 2026
Feed last checked: 13 minutes ago

Listed by Daniel Rutois · Rutois International Realty 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: 2
Bathrooms (decimal): 2
Full bathrooms: 2

Rooms & features

Rooms: 2
Interior features: Built-in Features, Closet Cabinetry, Custom Mirrors
Flooring: Tile
Appliances: Dishwasher, Disposal, Dryer, Electric Range, Ice Maker, Microwave

Heating & cooling

Heating: Central
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: 659 sqft
Patio & porch: Deck
Exterior features: Barbecue
View: Bay, Skyline
Waterfront property: No

Construction

Type & style

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

Materials

Construction: CBS
Property condition: New Construction

Utilities & green energy

Utilities

Utilities: Cable Available

Community & HOA

Community

Subdivision: 501 First Residences
MLS area: 2410
Security: Elevator Secure, Lobby - Attended, Security System
Pets allowed: Pet Restrictions Possible, Yes
55+ community: No

Association

Has association: Yes
Association fee: $890 monthly
Estimated monthly dues: $890
Amenities: Maintenance, Pool, Billiard Room, Business Center, Clubhouse, Fitness Center, Management, Picnic Area, Playground, Sauna, Spa/Hot Tub, Trash Chute, Other
Services included: Recreation Facility, Pool Service, Common Areas, Hot Water, Insurance, Internet, Maintenance Grounds, 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: A12074753
Possession: Close Of Escrow
Original list price: $579,900
Parcel number: 0000005012411
Annual property tax: $0
Tax year: 2026
Tax legal description: 501 First Residences Unit 2411

Additional MLS details

Reported by the listing source

Association Amenities: Maintenance, Pool, Billiard Room, Business Center, Clubhouse, Fitness Center, Management, Picnic Area, Playground, Sauna, Spa/Hot Tub, Trash Chute, Other
Association Fee Frequency: Monthly
Association Fee Includes: Recreation Facility, Pool Service, Common Areas, Hot Water, Insurance, Internet, Maintenance Grounds, Sewer, Trash, Water
Association: Yes
Bathrooms Total Decimal: 2
Bathrooms Total Integer: 2
Building Area Total: 659
Construction Materials: CBS
County Or Parish: Miami-Dade
Days On Market: 65
Elementary School: Frederick Douglass
High School: Booker T. Washington
List Price: 579900
Listing Contract Date: 2026-08-24
Living Area: 597
MLSArea Major: 2410
Middle Or Junior School: Jose De Diego
Mls Status: Active
On Market Date: 2026-08-24
Patio And Porch Features: Deck
Photos Count: 51
Postal Code: 33132
Property Sub Type: Condominium
Property Type: Residential
Rooms Total: 2
Security Features: Elevator Secure, Lobby - Attended, Security System
Senior Community: No
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-08-24T04:00:00Z
Stories Total: 40
Subdivision Name: 501 First Residences
Tax Annual Amount: 0
Bathrooms Full: 2
Bedrooms Total: 1
Waterfront: No
Financial Information: Estimated Monthly Assoc Recurring Fee: 890

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
Aug 24, 2026	ListedMIAMI REALTORS® MLS	$579,900$971/sqft

Public tax history

Year	Property taxes	Assessment
2026	$0	—

Payment calculator

Estimated monthly payment$4,189/moIllustrative estimate, not a loan offer.

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

Principal & interest: $3,009
Property taxes: $0
Insurance: $290
Association dues: $890

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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