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$549,900 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 2 Full Baths
  • 544 Sq. Ft.
  • Updated 5 minutes ago
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BRAND NEW CONSTRUCTION! Beautiful 1 Bed + DEN / 2 Baths. Fully furnished residence in the heart of Downtown Miami. Thoughtfully designed with premium finishes and designer furnishings. Outstanding investment potential. One of the few residences in the area with no rental restrictions, allowing short-term rentals, long-term rentals, seasonal use, or full-time owner occupancy with complete flexibility. Features include floor-to-ceiling impact glass, a private balcony, Italian cabinetry, premium appliances. Residents enjoy access to more than 20,000 square feet of resort-style amenities, including a rooftop pool, hydrotherapy spa, HOMAGE fitness center, yoga studio, entertainment lounges, co-working spaces, chef's kitchen, and much more. Easy to show.

Full Property Details for 121 NE 5th St #1703

General

  • Price: $549,900
  • HOA FEE: $892/month
  • Taxes: (2026)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A12110051
  • Updated: 10/21/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: Other
  • Appliances: Dishwasher, Microwave, Refrigerator
  • Flooring: Ceramic Floor

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 1
  • Bedroom Features: Entry Level, Primary Bath Shower

Additional Information

  • Shared Amenities: Barbecue, Business Center, Elevator(s), Exercise Room, Pool
  • Maint. Includes: Cable Tv, Insurance, Water
  • Security/Safety: Elevator Secure, Card Entry

Exterior

  • Exterior Features: Open Balcony
  • Deck/Patio: Open Balcony

Parking

  • Parking Features: 1 Space, Valet

Location

  • Area: 501 First Residences Condo
  • County: Miami-Dade County
  • Subdivision: 501 First Residences Condo
  • Building Name: 501 First Residences

Community

  • Community Name: 501 First Residences Condo
  • Association: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Construction: Concrete Block Construction
  • Entry Floor Number: 17
  • Building Size: 544
  • Square Feet: 544
  • Living Area: 544 Sq. Ft.
  • Year Built: 2025
  • Property Condition: New Construction

Lot Features

  • Property View: Skyline

Financial Considerations

  • Price Per Sq. Ft.: $1,010.85
  • Association Fee: $892
  • Assoc Fee Freq.: Monthly
  • Tax Year: 2026
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: 501 FIRST RESIDENCES CONDO UNIT 1703 UNDIV 0.22466% INT IN COMMON ELEMENTS OFF REC 35067-4463
  • Restrictions: Corporate Buyer OK, Daily Rentals Allowed, No Restrictions
  • Property ID: 01-41-01-008-1160

Listed by Weichert Realtors Capella Estates

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— 121 NE 5th St #1703 —

  • Weichert Realtors Capella Estates

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 121 NE 5th St #1703

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 #1703 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/20/2026
Listed
$549,900
-21.55%
MLS
8/06/2026
Sold
$701,000
—
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 #1703

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 #1703

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

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Listed by Weichert Realtors Capella Estates

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121 NE 5th St #1703, Miami, FL 33132 (MLS# A12110051) is a Condo property with 1 bedroom and 2 full bathrooms. 121 NE 5th St #1703 is currently listed for $549,900 and was received on October 20, 2026. Want to learn more about 121 NE 5th St #1703? Do you have questions about finding other Condo real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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