Condo in 121 NE 5th Street 711, Miami, FL 33132 for sale with MLS# A12029991

SELLER MOTIVATED! PRICE REDUCED $69,000 FOR IMMEDIATE SALE. Rare opportunity to own one of Downtown Miami's most investor-friendly residences. Brand-new, never occupied, and fully furnished with premium designer upgrades throughout. Truly turnkey-just bring your suitcase. Every detail has been thoughtfully curated to deliver a luxury experience for owners and guests alike.One of the few residences in the area with NO RENTAL RESTRICTIONS, allowing short-term rentals, long-term rentals, seasonal use, or owner occupancy with maximum flexibility. Ideal for investors seeking strong income potential in Miami's rapidly growing Worldcenter district.Features 1 Bedroom + Den, 2 Full Bathrooms, floor-to-ceiling impact glass, private balcony, Italian cabinetry, premium appliances, and designer furnishings included in the sale. The versatile den easily functions as a guest room or home office.Enjoy over 20,000 SF of luxury amenities including rooftop pool, hydrotherapy spa, HOMAGE fitness center, yoga studio, entertainment lounges, co-working spaces, chef's kitchen, and more.Seller may contribute up to $10,000 toward Buyer's closing costs, subject to offer terms and lender approval. EASY TO SHOW. Bring all offers.

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Days on the market

121 NE 5th Street 711, Miami, FL 33132

Price
Price:
$594,000.00
Original List Price:
$669,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,091.91
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:
July 24, 2026 12:13 am
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
1
Bathrooms Total:
2
Full Bath:
2
Room Type:
Den
Master Bedroom Bath:
2 Master Baths, Separate Shower, Master Bdrm - Ground, Bedroom On Entry Level
Dining Area:
Dining/Living Room, Breakfast Area, Other
Measures
Living Area:
544 Sqft
Built-Up Area:
544 Sqft
Property Features
View from the Property:
Other, Skyline
Waterfront:
No
Swimming Pool Features:
Private
Security:
Smoke Detector(s), Key Card Entry, Security System, Fire Alarm, Elevator Secure
Furnished:
Furnished
Accessibility:
Accessible Elevator Installed
Appliances:
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Range, Electric Water Heater, Ice Maker, Oven
Interior:
Pantry, Closet Cabinetry, Other, Custom Mirrors, Elevator
Exterior:
Barbecue, Balcony
Patio and Porch:
Deck
Windows:
Other
Air Conditioning
Air Conditioning System:
Other
Heating
Heating System:
Electric, Other
Unit Description:
High Rise, Studio
Balcony Details:
Balcony - Open
Construction
Year Built:
2025
Architectural Style:
Other
Levels:
Two
Construction Materials:
Other, CBS
Flooring:
Tile, Other
Number of stories:
40
Property Condition:
New Construction
Taxes and Expenses
Tax Year:
2025
Association Fee:
$892.00
Association Fee Frequency:
Monthly
Property Tax Details:
New Construction
Parking
Garage
Garage Spaces:
2
Covered Spaces:
2
Parking Features:
Valet
Community
Association
Application Required
Application Fee:
$150.00
Application Information:
3-4 Weeks Approval, Association Approval Required
Association Type:
Homeowner Association
Pets Allowed?
Lease Number Times per Year Allowed:
365
Amenities Provided by the Homeowner's Association (HOA):
Business Center, Pool, Community Room, Bike Storage, Cabana, Clubhouse, Maintenance, Storage, Elevator(s), Fitness Center, Picnic Area, Lobby
Subdivision Name:
501 First Residences
Association Fee Includes:
Sewer, Water, Trash, Cable Tv, Security, Common Areas, Insurance, Internet, Elevator, Roof Repairs
Senior Community:
No
Restrictions:
Other Restrictions, Parking - No Truck, Parking - No Motorcycle, Parking - No Trailer
Minimum Days per Lease:
1
Leasing Permitted
Leasing Permitted Details:
Short Term Rentals Allowed
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Negotiable, Close Of Escrow
Zoning and Legal
Tax Legal Description:
501 FIRST RESIDENCES CONDO UNIT 711 UNDIV 0.22466% INT IN COMMON ELEMENTS OFF REC 35067-4463
Real Estate Folio Number (Parcel Number):
0141010083790
Public Schools Assigned
Elementary School:
Old Kings Elementary
High School:
Booker T. Washington
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
June 2, 2026
Listing Agreement executed on:
June 2, 2026
Price change occurred on:
July 24, 2026 12:13 am
Listing Status Last Changed On:
June 2, 2026 4:00 am
Photos updated on:
July 23, 2026 11:15 pm
Last Modified:
July 23, 2026 11:15 pm
Additional Information
Courtesy of:
Realty One Group Estates
Attribution:
Not provided
Location
Floor Number:
7
Street Name:
5th
Street Number:
121
Unit Number:
711
City:
Miami
State:
Florida
Zip Code:
33132
County:
Miami-Dade
Latitude:
N25° 46' 45.6''
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) 45 Good
☀️ O3 30 Good
🫁 PM2.5 45 Good
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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.