Condo in 121 NE 5 Street 1500, Miami, FL 33132 for sale with MLS# A11977341
Brand new studio at 501 First Residence Condominium in Downtown Miami. Unit 1500 offers 458 SF with floor to ceiling impact windows, private balcony and stunning 180 ` ocean city views . Fully furnished with brand new bed , mattress, desk, stools and sofa -Trunkey and ready for immediate rental income. Luxury amenities include a rooftop pool (40th floor) sunrise & sunset lounge (38th Floor) fitness center , coworking spaces and party room . Near Metro mover, Miami World Center , Brightline Station, Bayfront Park and entertainment. Prime opportunity in Maimi's high - demand short-term rental market.
121 NE 5 Street 1500, Miami, FL 33132
Price
- Price:
- $478,000.00
- Original List Price:
- $488,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $1,043.66
- More Listings Same Building:
- 501 First Residences in 121 5 Street Miami
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Residential
- Property Type:
- Condominium
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- June 30, 2026 6:14 pm
Rooms Distribution
- Bathrooms Total:
- 1
- Full Bath:
- 1
- Room Type:
- Convertible Bedroom
- Master Bedroom Bath:
- Master Bdrm - Sitting
- Dining Area:
- Dining/Living Room
Measures
- Living Area:
- 458 Sqft
- Built-Up Area:
- 458 Sqft
Property Features
- View from the Property:
- Ocean, Bay
- Waterfront:
- Yes
- Waterfront Features:
- Other, None
- Security:
- Smoke Detector(s), Key Card Entry, Security System, Fire Alarm, Lobby - Attended, Elevator Secure
- Furnished:
- Furnished
- Appliances:
- Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Electric Range, Electric Water Heater
- Interior:
- Elevator
- Exterior:
- Barbecue, Balcony
- Windows:
- Skylight(s), Skylight(s)
- Air Conditioning
- Air Conditioning System:
- Central Air, Ceiling Fan(s)
- Heating
- Heating System:
- Central, Electric
- Property Entrance Faces:
- South
- Unit Description:
- Studio
- Balcony Details:
- Balcony - Open
- Storm Protection Impact Glass:
- Partial
Construction
- Year Built:
- 2025
- Levels:
- Two
- Entry Level (floor):
- 1
- Flooring:
- Ceramic Tile
- Number of stories:
- 40
- Road Frontage Type:
- East of US-1, West Of Us-1
- Property Condition:
- New Construction
Taxes and Expenses
- Tax Annual Amount:
- $1,007.00
- Tax Year:
- 2025
- Association Fee:
- $674.00
- Association Fee Frequency:
- Monthly
- Property Tax Details:
- New Construction
Parking
- Garage
- Garage Spaces:
- 1
- Covered Spaces:
- 1
- Parking Features:
- Garage, Attached, Valet, Attached Garage
Utilities
- Utilities Available:
- Cable Available
Community
- Association
- Application Required
- Application Fee:
- $150.00
- Application Information:
- No Approvals
- Association Type:
- Homeowner Association, Condominium
- Pets Allowed?:
- Yes, Pet Restrictions Possible
- Amenities Provided by the Homeowner's Association (HOA):
- Business Center, Heated Pool, Sauna, Spa/hot Tub, Community Room, Maintenance, Elevator(s), Fitness Center, Picnic Area, Parking, Lobby
- Subdivision Name:
- 501 First Residence
- Association Fee Includes:
- Maintenance Grounds, Trash, Cable Tv, Common Areas, Elevator, Pool Service
- Senior Community:
- No
- Minimum Days per Lease:
- 0
- Leasing Permitted
- Leasing Permitted Details:
- Okay To Lease During First Year
Terms
- Listing Terms Considered by Seller:
- Cash, Conventional, FHA, VA Loan
- Buyer Possession:
- Negotiable
Zoning and Legal
- Tax Legal Description:
- 0
- Real Estate Folio Number (Parcel Number):
- 0000000000000
Public Schools Assigned
- Elementary School:
- Key Biscayne K-8
- High School:
- Booker T. Washington
- Middle Or Junior School:
- Jose De Diego
Listing History
- Active on the market since:
- March 1, 2026
- Listing Agreement executed on:
- March 1, 2026
- Price change occurred on:
- June 30, 2026 6:14 pm
- Listing Status Last Changed On:
- March 1, 2026 5:00 am
- Photos updated on:
- September 9, 2026 4:04 pm
- Last Modified:
- October 31, 2026 12:46 pm
Additional Information
- Courtesy of:
- Non-MLS Member
- Attribution:
- Not provided
Location
- Floor Number:
- 15
- Street Name:
- 5
- Street Number:
- 121
- Unit Number:
- 1500
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33132
- County:
- Miami-Dade
- Latitude:
- N25° 46' 45.6''
- Longitude:
- W81° 48' 29.5''
- Street Suffix:
- Street
- Street Direction Prefix:
- NE
Property Map
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$109,505
Median Home Value
$545,100
Median Rent
$2,534/mo
Median Age
34
Population
18,244
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