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$488,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 458 Sq. Ft.
  • Updated 1 day ago
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Welcome to this brand new 501 First Residence Condominium a premier residential community in the heart of Miami. Unit 1500 is a well-designed studio residence offering 458 SF with an efficient open layout, floor-to-ceiling impact windows, and a private balcony providing natural light and urban city ambiance. Delivered fully furnished with a bed, mattress, desk, stools, and a sofa. Everything is brand new and this unit is ready for immediate rental income. This condominium offers amazing amenities: a rooftop pool on the 40th floor, an open-concept sunrise & sunset lounge on the 38th floor, a fitness room, shared workspaces, and a party room. The unit offers a 180-degree ocean view. Right downstairs you have the Miami Downtown light rail/Metro mover, and prime walkability to Miami World Center, Brightline Station, Bayfront Park, dining, entertainment. An ideal investment in one of Miami's fastest-growing high demand short-term rental markets.

Full Property Details for 121 NE 5th St #1500

General

  • Price: $488,000
  • HOA FEE: $674/month
  • Taxes: $10 (2025)
  • Status: Active
  • Type: Condo
  • Source: MidFloridaRegionalMLS
  • MLS ID: GC538024
  • Updated: 3/1/2026
  • Added to Site: 1 day(s) ago

Rental Information

  • Min. Lease: No Minimum

Interior

  • Number of Rooms: 4
  • Interior Features: Ceiling Fan(s), Elevator, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Walk-In Closet(s)
  • Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
  • Furnishings: Furnished
  • Flooring: Ceramic Tile

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1

Other Rooms

  • Laundry: Laundry Closet

Exterior

  • Exterior Features: Balcony, Outdoor Grill, Private Entrance, Sidewalk

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1

Location

  • Area: 33132 - Miami
  • County: Miami-Dade
  • Development Name: 33132 - Miami
  • Subdivision: 501 FIRT RESIDENCES CONDOMINIUM
  • Driving Directions: Follow I-95 South to NW 3rd Ct in Miami. Take exit 3B from I-95 S Drive to NW 5th St
  • Direction Faces: South

Community

  • Community Name: 33132 - Miami
  • Community Features: Clubhouse, Fitness Center, Pool
  • Association: Yes
  • Assoc. Name: Talita Dias
  • Assoc. Fees Include: 24-Hour Guard, Cable TV, Community Pool, Internet, Maintenance Structure, Maintenance Grounds, Pool Maintenance, Trash, Water
  • Pet Restrictions: 65lbs.

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central, Electric, Heat Pump

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available, Cable Connected, Electricity Available, Electricity Connected, Public, Water Available, Water Connected

Structural Information

  • Exterior Const.: Block, Concrete
  • Roof: Built-Up, Other
  • Stories/Levels: One
  • Square Feet: 458
  • Sq. Ft. Source: Builder
  • Year Built: 2025

Lot Features

  • Street/Road Desc.: Concrete

Water Features

  • Water Front: Yes
  • Water Front Desc.: Bay/Harbor

Financial Considerations

  • Assoc Fee Freq.: Monthly
  • Assoc Fee Desc.: Required
  • Condo Fee: $674
  • Condo Fee Freq: Monthly
  • Tax Amount: $10.7
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: 1500 of 501 FIRST RESIDENCES CONDOMINIUM
  • Flood Zone Info: 12086C
  • APN: 1500
  • Property ID: 1500
  • Block/Lot/Section: 4463

Listed by Florida Homes Realty & Mortgage Gville

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— 121 NE 5th St #1500 —

  • Florida Homes Realty & Mortgage Gville

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 121 NE 5th St #1500

School District:Dade County School District
NameGradesDistance
Frederick R. Douglass Elementary School
314 Northwest 12th Street, Miami, FL 33136
PK-50.7 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-82 mi
Booker T. Washington Senior High School
1200 Northwest 6th Avenue, Miami, FL 33136
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 121 NE 5th St #1500 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/01/2026
Listed
$488,000
19.02%
MLS
1/23/2026
Sold
$410,000
—
Public Record
Get Price Alerts and Save Property
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 for 121 NE 5th St #1500

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
—
View All
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 for 121 NE 5th St #1500

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Florida Homes Realty & Mortgage Gville

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121 NE 5th Street #1500, Miami, FL 33132 (MLS# GC538024) is a Condo property with 1 bedroom and 1 full bathroom. 121 NE 5th Street #1500 is currently listed for $488,000 and was received on March 01, 2026. Want to learn more about 121 NE 5th Street #1500? 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.

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