Condo in 121 NE 5th Street 3405, Miami, FL 33132 for sale with MLS# A12054926

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.

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121 NE 5th Street 3405, Miami, FL 33132

Price
Price:
$530,000.00
Original List Price:
$588,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,083.84
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:
August 5, 2026 1:56 pm
Other Special Conditions:
Sold As-is
Rooms Distribution
Bedrooms:
1
Bathrooms Total:
1
Full Bath:
1
Measures
Living Area:
489 Sqft
Built-Up Area:
489 Sqft
Property Features
View from the Property:
Bay
Waterfront:
No
Security:
Key Card Entry, Lobby - Attended, Elevator Secure
Appliances:
Dishwasher, Disposal
Interior:
Other
Air Conditioning
Air Conditioning System:
Other
Heating
Heating System:
Central
Unit Description:
Corner/end Unit, High Rise
Construction
Year Built:
2025
Levels:
Two
Flooring:
Other
Number of stories:
40
Property Condition:
New Construction
Taxes and Expenses
Tax Year:
2026
Association Fee:
$802.00
Association Fee Frequency:
Monthly
Property Tax Details:
City/County
Parking
Garage
Garage Spaces:
1
Covered Spaces:
1
Parking Features:
Valet
Community
Association
Application Required
Application Fee:
$150.00
Application Information:
1-2 Weeks Approval
Association Type:
Condominium
Pets Allowed?
Lease Number Times per Year Allowed:
365
Amenities Provided by the Homeowner's Association (HOA):
Maintenance, Fitness Center
Subdivision Name:
501 First Residence
Senior Community:
No
Restrictions:
Other Restrictions
Minimum Days per Lease:
1
Leasing Permitted
Leasing Permitted Details:
Short Term Rentals Allowed
Terms
Listing Terms Considered by Seller:
Cash, Conventional, Cryptocurrency
Buyer Possession:
Close Of Escrow
Zoning and Legal
Tax Legal Description:
501 First Residence
Real Estate Folio Number (Parcel Number):
0141010082010
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 16, 2026
Listing Agreement executed on:
July 16, 2026
Price change occurred on:
August 5, 2026 1:56 pm
Listing Status Last Changed On:
July 16, 2026 4:00 am
Photos updated on:
August 5, 2026 1:02 pm
Last Modified:
August 5, 2026 1:02 pm
Additional Information
Courtesy of:
Brosda & Bentley Realtors, LLC
Attribution:
Not provided
Location
Floor Number:
34
Street Name:
5th
Street Number:
121
Unit Number:
3405
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) 55 Moderate
☀️ O3 40 Good
🫁 PM2.5 55 Moderate
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Ver la Propiedad Ver la propiedad 121 NE 5th Street 3405, Miami, FL 33132
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.