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$595,000

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 1 Full Bath
  • 1 Partial Bath
  • 591 Sq. Ft.
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Experience luxury urban living at 501 First Residences, a brand-new 40-story condominium in Downtown Miami with no rental restrictions and exceptional income potential in the vibrant heart of Downtown Miami. This fully furnished 591 SqFt 1 Bed / 1 ½ Bath east-facing residence features expansive skyline and bay views, overlooking Downtown Miami landmarks including the Freedom Tower, PortMiami, and Biscayne Bay. Modern design, floor-to-ceiling windows, private balcony,custom Italian cabinetry and in-unit washer/dryer. Located just steps from Miami Worldcenter, dining, entertainment, transit, and cultural destinations, 501 Residences redefines downtown lifestyle with over 20,000 sq. ft. of resort-style amenities including 24/7 valet, rooftop pool, fitness center, co-working spaces, pet lounge, private club suite, media room, and more. A turn-key opportunity in Miami's most dynamic urban core. Ideal for full-time living or income-generating investment

Full Property Details for 121 NE 5th St #1913

General

  • Price: $595,000
  • HOA FEE: $870/month
  • Taxes: (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11955147
  • Updated: 4/13/2026
  • Added to Site: 155 day(s) ago

Interior

  • Interior Features: Lobby, Built-in Features, Closet Cabinetry, Fire Sprinklers
  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1
  • Bedroom Features: At Least 1 Bedroom Ground Level, Primary Bath Shower, Primary Bath Tub

Additional Information

  • Shared Amenities: Business Center, Cabana, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Heated Pool, Other, Pool, Sauna, Spa/Hot Tub
  • Maint. Includes: Common Area, Elevator, Hot Water, Internet/WiFi, Landscaping/Lawn Maintenance, Manager, Other Maintenance Includes, Parking, Pool Service, Recreation Facilities, Security, Sewer, Trash Removal, Water
  • Security/Safety: Fire Sprinklers, Smoke Detector, Doorman, Elevator Secure, Lobby Secured

Exterior

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

Parking

  • Parking Features: 1 Space, Other, Valet

Location

  • Area: 501 First Residences
  • County: Miami-Dade County
  • Subdivision: 501 First Residences
  • Building Name: 501 First Residences
  • Direction Faces: East

Community

  • Community Name: 501 First Residences
  • Association: Yes
  • Units Assoc/Comm: 448
  • Pets Allowed: Yes

Heating & Cooling

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

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Doors: High Impact Doors
  • Entry Floor Number: 19
  • Square Feet: 591
  • Sq. Ft. Source: Developer
  • Living Area: 591 Sq. Ft.
  • Year Built: 2025
  • Property Condition: New Construction, Under Construction

Unit Information

  • Units in Complex: 448

Lot Features

  • Property View: Bay, Skyline, Water View

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $1,006.77
  • Association Fee: $870
  • Assoc Fee Freq.: Monthly
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: 121 NE 5th Street # 1913 MIAMI, FL 33132
  • Restrictions: Daily Rentals Allowed

Listed by One Sotheby's International Realty

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— 121 NE 5th St #1913 —

  • One Sotheby's International Realty

  • One Sotheby's International Realty

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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 #1913

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 #1913 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/13/2026
Price Reduced
$595,000
-12.5%
MLS
2/27/2026
Price Reduced
$680,000
-5.56%
MLS
2/01/2026
Listed
$720,000
—
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 #1913

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 #1913

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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 One Sotheby's International Realty

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121 NE 5th Street #1913, Miami, FL 33132 (MLS# A11955147) is a Condo property with 1 bedroom, 1 full bathroom and 1 partial bathroom. 121 NE 5th Street #1913 is currently listed for $595,000 and was received on February 01, 2026. Want to learn more about 121 NE 5th Street #1913? 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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