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$605,000
Property Description
BRAND NEW CONSTRUCTION! DEVELOPER UNIT! 1 Bedroom / 1.5 Bathrooms | 561 SF | South-Facing Exceptional opportunity to own a brand-new, fully furnished residence in the heart of Downtown Miami. Thoughtfully designed with premium finishes throughout and move-in ready, this residence offers outstanding investment potential. One of the few residences in the area with no rental restrictions, allowing short-term rentals. Ideally located in the vibrant Miami Worldcenter district. The residence features floor-to-ceiling impact-resistant glass, a private balcony, Italian cabinetry, high-end appliances, and designer furnishings included in the sale. Residents enjoy over 20,000 square feet of resort-style amenities, including a rooftop pool, hydrotherapy spa, HOMAGE fitness center, yoga studio, entertainment lounges, coworking spaces, a chef's kitchen, and much more. Easy to show.
Full Property Details
Full Property Details for 121 NE 5th #3706
General
- Price: $605,000
- Taxes: (2025)
- Status: Active
- Type: Condo
- Source: Martin_County
- MLS ID: A12050437
- Updated: 9/5/2026
- Added to Site: 60 day(s) ago
Interior
- Interior Features: Elevator
- Appliances: Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Refrigerator, Washer
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Additional Information
- Shared Amenities: Elevator(s)
- Pool: Yes
- Pool Description: Community
- Security/Safety: Closed Circuit Camera(s), Lobby Secured, Security Guard, Smoke Detector(s)
Parking
- Parking Features: Other, See Remarks, Valet
Location
- Area: 2410
- County: Miami-Dade
- Subdivision: 501 First Residences
- Driving Directions: 501 First Residences 121 NE 5th St, Miami, FL 33132
Community
- Community Name: 2410
- Assoc. Fees Include: Association Management, Common Areas, Other, Security
- Pets Allowed: Yes
- Adult Community: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Other
Structural Information
- Construction: Other
- Entry Floor Number: 37
- Square Feet: 561
- Living Area: 561 Sq. Ft.
- Year Built: 2025
- Property Condition: New Construction
Lot Features
- Property View: Other
Financial Considerations
- Tax Year: 2025
- Terms: Cash, Conventional, Other
Disclosures and Reports
- Legal Description: 501 First Residences # 3706
- Property ID: 01-41-01-008-2380
Listed by One World Properties
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Schools
Schools serving 121 NE 5th #3706
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Frederick R. Douglass Elementary School 314 Northwest 12th Street, Miami, FL 33136 | PK-5 | 0.7 mi |
Jose De Diego Middle School 3100 Northwest 5th Avenue, Miami, FL 33127 | 6-8 | 2 mi |
Booker T. Washington Senior High School 1200 Northwest 6th Avenue, Miami, FL 33136 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 121 NE 5th #3706
Date
Details
Price
Change
Source
7/08/2026
Listed
$605,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 121 NE 5th #3706
Year
Property Taxes
Change
Tax Assessment
Change
2025
$85,587
—
$4,200,000
-14%
2024
$85,707
5%
$4,900,000
—
2023
$81,451
12%
$4,900,000
40%
2021
$72,937
-9%
$3,489,159
-28%
2022
$79,753
9%
$4,876,638
40%
2021
$72,937
14%
$3,489,180
28%
2019
$64,097
8%
$2,724,608
10%
2018
$59,098
21%
$2,476,917
10%
2017
$48,755
-3%
$2,251,743
—
2016
$50,200
136%
$2,251,764
722%
2015
$21,272
94%
$273,986
10%
2014
$10,970
109%
$249,079
10%
2013
$5,237
—
$226,436
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 121 NE 5th #3706
121 NE 5th #3706, Miami, FL 33132 (MLS# A12050437) is a Condo property with 1 bedroom, 1 full bathroom and 1 partial bathroom. 121 NE 5th #3706 is currently listed for $605,000 and was received on July 08, 2026. Want to learn more about 121 NE 5th #3706? Do you have questions about finding other Condo real estate for sale in Allapattah? You can browse all Allapattah real estate or contact a Coldwell Banker agent to request more information.
