Condo in 121 NE 5 Street 709, Miami, FL 33132 for sale with MLS# A12015916

Unit 709 presents a opportunity in one of Miami's most sought-after new developments. This 2025-built studio is designed for maximum utility and appeal in the high-demand Downtown rental market. A thoughtfully designed open studio layout providing 359 square feet of interior living space. Unlike typical urban studios, this unit features a deep 38-square-foot balcony, extending the living area into the city atmosphere. Fully equipped with contemporary Italian cabinetry, premium integrated appliances, and an in-unit washer and dryer. Situated at 121 NE 5th St, residents are positioned at the epicenter of Miami's urban evolution. Steps from the multi-billion dollar Miami Worldcenter project, ensuring long-term desirability and infrastructure support. Directly adjacent to the Brightline station and Metro Mover, providing effortless access to the wider South Florida region. Within walking distance of the Kaseya Center, Museum Park, and the city's premier dining and nightlife.

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Days on the market

121 NE 5 Street 709, Miami, FL 33132

Price
Price:
$390,000.00
Original List Price:
$409,000.00
List Price per Sq Ft (Calculated, Approx.):
$970.14
More Listings Same Building:
501 First Residences in 121 5 Street Miami
Property Status and Type
Listing Type:
For Sale
Status:
Active
Contingency:
Active Under Contract
Listing Category:
Residential
Property Type:
Condominium
Description of Last Important Update:
Price Reduced
Last Major Update on:
July 27, 2026 6:38 pm
Rooms Distribution
Bathrooms Total:
1
Full Bath:
1
Master Bedroom Bath:
Bedroom On Entry Level
Dining Area:
Dining/Living Room
Measures
Living Area:
402 Sqft
Property Features
View from the Property:
Other
Waterfront:
No
Security:
Smoke Detector(s), Fire Sprinkler System, Fire Alarm, Security Patrol
Furnished:
Furnished
Appliances:
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Range, Electric Water Heater, Ice Maker
Interior:
Entrance Foyer
Exterior:
Balcony, Lighting
Patio and Porch:
Porch, Porch - Wrap Around
Windows:
Blinds
Air Conditioning
Air Conditioning System:
Central Air, Electric
Heating
Heating System:
Central, Electric
Property Entrance Faces:
North
Unit Description:
High Rise, Interior Hallway
Balcony Details:
Balcony - Open
Storm Protection Impact Glass:
Complete
Construction
Year Built:
2026
Levels:
Two
Construction Materials:
Block
Flooring:
Ceramic Tile
Number of stories:
40
Property Condition:
New Construction
Taxes and Expenses
Tax Year:
2026
Association Fee:
$589.00
Association Fee Frequency:
Monthly
Property Tax Details:
New Construction, Agricultural Exemption
Parking
Garage Spaces:
0
Covered Spaces:
0
Parking Features:
Valet
Utilities
Electric:
Circuit Breakers
Community
Association
Application Required
Application Fee:
$100.00
Application Information:
1-2 Weeks Approval, Association Approval Required
Association Type:
Condominium
Lease Number Times per Year Allowed:
365
Amenities Provided by the Homeowner's Association (HOA):
Business Center, Heated Pool, Library, Pool, Sauna, Spa/hot Tub, Kitchen Facilities, Community Room, Trash Chute, Bike Storage, Clubhouse, Management, Maintenance, Elevator(s), Fitness Center, Lobby
Subdivision Name:
501 FIRST RESIDENCES
Association Fee Includes:
Maintenance Grounds, Sewer, Water, Trash, Security, Maintenance Structure, Common Areas, Legal/accounting, Elevator, Pool Service
Senior Community:
No
Development Name:
501 FIRST RESIDENCES
Minimum Days per Lease:
1
Leasing Permitted
Leasing Permitted Details:
Okay To Lease
Terms
Listing Terms Considered by Seller:
Cash
Buyer Possession:
Other
Zoning and Legal
Tax Legal Description:
Condominium Parcel No. 709 of 501 FIRST RESIDENCES CONDOMINIUM
Real Estate Folio Number (Parcel Number):
0141010083110
Public Schools Assigned
Elementary School:
Frederick Douglass
High School:
Booker T. Washington
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
July 27, 2026
Listing Agreement executed on:
May 8, 2026
Purchase Contract Date:
May 27, 2026
Price change occurred on:
July 27, 2026 6:38 pm
Listing Status Last Changed On:
July 27, 2026 5:35 am
Photos updated on:
August 5, 2026 6:20 pm
Last Modified:
August 5, 2026 6:20 pm
Additional Information
Courtesy of:
Cervera Real Estate Inc.
Attribution:
Not provided
Location
Floor Number:
7
Street Name:
5
Street Number:
121
Unit Number:
709
City:
Miami
State:
Florida
Zip Code:
33132
County:
Miami-Dade
Latitude:
N25° 46' 45.7''
Longitude:
W81° 48' 29.9''
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

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 55 Moderate
☀️ O3 40 Good
🫁 PM2.5 55 Moderate
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Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.