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$665,000

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 1 Partial Bath
  • 511 Sq. Ft.
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Prime investment opportunity in Downtown Miami at 121 NE 5th St, Unit 1506. Modern residence featuring floor-to-ceiling windows, private balcony, and sleek contemporary design. Ideal for primary living, vacation use, or income-producing investment. Located steps from Miami Worldcenter, Brightline, Bayside, top dining, entertainment, and major transit hubs. Positioned in one of Miami's fastest-growing urban corridors. Short-term rentals such as Airbnb allowed (verify building guidelines), offering exceptional income potential. Strong projected demand driven by Miami's expanding tourism market and upcoming global events including the FIFA World Cup. A rare opportunity to own a flexible, high-demand asset in the heart of Miami. Short-term rentals permitted (verify current building guidelines). Strong Airbnb income potential. Prime Downtown Miami location within walking distance to Miami Worldcenter, Kaseya Center, Brightline, PortMiami, and major attractions. High projected demand driven by continued tourism growth and upcoming global events including the FIFA World Cup.

Full Property Details for 121 NE 5th St #1506

General

  • Price: $665,000
  • HOA FEE: $893/month
  • Taxes: $8,000 (2026)
  • Status: Active
  • Type: Condo
  • Source: Regional
  • MLS ID: B26013348
  • Updated: 5/5/2026
  • Added to Site: 48 day(s) ago

Interior

  • Number of Rooms: 3
  • Interior Features: Bedroom on Main Level, Closet Cabinetry, Kitchen/Dining Combo, Living/Dining Room
  • Appliances: Cooktop, Dryer, Dishwasher, Electric Cooktop, Freezer, Disposal, Microwave, Oven, Refrigerator, Washer
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Concrete, Ceramic Tile, Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Floor Baths: 1

Bedrooms

  • Total Bedrooms: 1
  • Bedrooms Main: 1

Other Rooms

  • Laundry: Inside, Washer Dryer Install Allowed

Additional Information

  • Shared Amenities: Billiard Room, Business Center, Clubhouse, Fitness Center, Maintenance Grounds, Gated, Management, Pool, Recreation Facilities, Spa/Hot Tub, Security, Trash
  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Pool/Spa Combo, Association
  • Security/Safety: Building Security, Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Gated Community, Key Card Entry

Parking

  • Parking Features: Valet

Location

  • County: Miami-Dade
  • Subdivision: MIAMI
  • Direction Faces: South

Community

  • Community Name: 2410
  • Association: Yes
  • Assoc. Name: 501 Residences
  • Assoc. Fees Include: Pool(s), Internet
  • Pets Allowed: Yes

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central, Individual

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available

Structural Information

  • Architectural Style: Other
  • Structure Type: Multi Family
  • Construction: Other, Stucco
  • Roof: Other
  • Windows: Blinds
  • Stories/Levels: 1
  • Building Size: 511
  • Square Feet: 511
  • Sq. Ft. Source: Public Records
  • Living Area: 511 Sq. Ft.
  • Year Built: 2025
  • Property Condition: Resale

Lot Features

  • Property View: City
  • Zoning: 6401

Financial Considerations

  • Association Fee: $893
  • Assoc Fee Freq.: Monthly
  • Assessment Amount: $4,200,000
  • Tax Amount: $8,000
  • Tax Year: 2026
  • Terms: Cash, 1031 Exchange

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: MIAMI NORTH PB B-41 LOT 13 BLK 62 LESS S10FT FOR R/W LOT SIZE 7000 SQ FT M/L OR 17180-1196 0496 6
  • Property ID: 141010082160

Listed by Complete Realty Group

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Listing agents

— 121 NE 5th St #1506 —

  • Complete Realty Group

  • Complete Realty Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 121 NE 5th St #1506

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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 121 NE 5th St #1506 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/05/2026
Price Reduced
$665,000
-1.48%
MLS
4/27/2026
Price Reduced
$675,000
-0.74%
MLS
4/09/2026
Listed
$680,000
—
MLS
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 #1506

Year
Property Taxes
Change
Tax Assessment
Change
2024
$85,707
—
$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 #1506

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

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Complete Realty Group

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Co-Listed by Moacyr K Timas

121 NE 5th Street #1506, Miami, FL 33132 (MLS# B26013348) is a Condo property with 1 bedroom, 1 full bathroom and 1 partial bathroom. 121 NE 5th Street #1506 is currently listed for $665,000 and was received on April 09, 2026. Want to learn more about 121 NE 5th Street #1506? 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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