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$485,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 1 Partial Bath
  • 531 Sq. Ft.
  • Updated 5 hours ago
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PRIME INVESTMENT OPPORTUNITY AT 501 FIRST RESIDENCES! OWN A PIECE OF MIAMI IN THE HEART OF DOWNTOWN! Competitively priced and offered fully furnished, this 1-bedroom, 1.5-bath residence features 582 SF of thoughtfully designed living space in one of Miami's newest short-term rental-friendly developments. ALREADY OPERATING ON SHORT-TERM RENTAL PLATFORMS with a strong reported performance history! Operating financials and rental reports available to serious buyers upon request. A fantastic opportunity for investors seeking an established rental operation rather than starting from scratch! Enjoy contemporary finishes, a modern kitchen, floor-to-ceiling windows and resort-style amenities, including a spectacular rooftop pool overlooking Miami's skyline, fitness facilities and inviting social spaces. UNBEATABLE DOWNTOWN LOCATION near Miami Worldcenter, Kaseya Center, Brightline, Bayside Marketplace, PortMiami's cruise terminals, shopping, dining and entertainment, with Miami International Airport approximately 5 miles away. Continue with the existing property management team or explore your preferred operator, subject to applicable requirements. COMPETITIVELY PRICED FOR ITS SIZE! FINANCIALS AVAILABLE! MOTIVATED SELLER! AN EXCEPTIONAL TURNKEY INVESTMENT OPPORTUNITY. PRICED TO SELL! UPDATED PHOTO OF THE BUILDING'S RESORT AMENITIES COMING THIS WEEK! STAY TUNED!!

Full Property Details for 121 NE 5th St #1813

General

  • Price: $485,000
  • HOA FEE: $875/month
  • Taxes: $8,329 (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A12100451
  • Updated: 10/4/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: Lobby, Fire Sprinklers, Entrance Foyer
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Ice Maker, Microwave
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Primary Bathroom: Combination Tub & Shower

Bedrooms

  • Total Bedrooms: 1
  • Bedroom Features: Entry Level

Other Rooms

  • Dining Room: Dining/Living Room

Additional Information

  • Shared Amenities: Barbecue, Bike Storage, Business Center, Clubhouse-Clubroom, Elevator(s), Exercise Room, Exterior Lighting, Heated Pool, Kitchen Facilities, Pool, Sauna, Spa/Hot Tub, Trash Chute
  • Maint. Includes: All Amenities, Hot Water, Internet/WiFi, Pool Service, Security, Sewer, Trash Removal, Water
  • Security/Safety: Fire Sprinklers, Fire Alarm, Doorman, Elevator Secure, Card Entry, Lobby Secured, TV Camera

Exterior

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

Parking

  • Parking Features: Other, Valet

Location

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

Community

  • Community Name: 501 Residences
  • Association: Yes

Heating & Cooling

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

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo-Hotel, Condo
  • Detached/Attached: Attached
  • Construction: Concrete Block Construction
  • Windows: Clear Impact Glass
  • Entry Floor Number: 18
  • Entry Location: Foyer
  • Building Size: 531
  • Square Feet: 531
  • Living Area: 531 Sq. Ft.
  • Year Built: 2025
  • Property Condition: New Construction

Lot Features

  • Property View: Other View, Water View

Water Features

  • Water View: Yes

Green Features

  • Energy Efficient: HVAC

Financial Considerations

  • Price Per Sq. Ft.: $913.37
  • Association Fee: $875
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $8,329
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Ownership: Self Proprietor/Individual
  • Legal Description: 501 FIRST RESIDENCES CONDO UNIT 1813 UNDIV 0.21929% INT IN COMMON ELEMENTS OFF REC 35067-4463
  • Restrictions: Daily Rentals Allowed, No Restrictions, Ok To Lease, Okay To Lease 1st Year
  • Property ID: 01-41-01-008-4570

Listed by Luxe Properties

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— 121 NE 5th St #1813 —

  • Luxe Properties

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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

Get Pre-Approved

Schools serving 121 NE 5th St #1813

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 #1813 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/04/2026
Listed
$485,000
-30.81%
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 #1813

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 #1813

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

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Listed by Luxe Properties

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121 NE 5th St #1813, Miami, FL 33132 (MLS# A12100451) is a Condo property with 1 bedroom, 1 full bathroom and 1 partial bathroom. 121 NE 5th St #1813 is currently listed for $485,000 and was received on October 04, 2026. Want to learn more about 121 NE 5th St #1813? 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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