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$649,000 Just Listed
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Property Description
Beauty Unit in brand new construction at 501 First Residences in Downtown Miami. 544 SF fully furnished and finished. No rental restrictions. Floor-to-ceiling glass, private balcony, European cabinetry and appliances. In unit washer/dryer. . Luxury amenities include a 75-foot rooftop lap pool, hot tub, cold plunge, summer kitchen, a private rooftop theater, and three luxury coworking lounges in the building. 24-hour valet. Contactless package lockers. Prime location with Brickell, Bayside, Miami Worldcenter, Brightline, top dining and entertainment, Kaseya Center, Bayfront Park, Pérez Art Museum, and Frost Museum of Science all less than a 5-10-minute walk away. Ultimate short-term rental potential in one of Miami's fastest-growing urban areas.
Full Property Details
Full Property Details for 121 NE 5th St #2002
General
- Price: $649,000
- HOA FEE: $800/month
- Taxes: $2,974 (2025)
- Status: Active
- Type: Condo
- Source: Greater_Miami
- MLS ID: A12079665
- Updated: 8/28/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: First Floor Entry
- Appliances: Disposal, Dryer, Washer
- Flooring: Ceramic Floor
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 1
- Bedroom Features: Entry Level
Additional Information
- Shared Amenities: Bar, Business Center, Cabana, Clubhouse-Clubroom
- Maint. Includes: Cable Tv, Internet/WiFi
- Security/Safety: Doorman, Elevator Secure, TV Camera
- Equipment: Elevator
Exterior
- Exterior Features: Barbecue, Courtyard, Open Balcony
- Deck/Patio: Deck, Open Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Parking Features: 1 Space, Valet
Location
- Area: 501 1st Ave
- County: Miami-Dade County
- Subdivision: 501 1ST AVE
- Building Name: 501 1ST AVE
Community
- Community Name: 501 1st Ave
- 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: 2102
- Building Size: 544
- Square Feet: 544
- Living Area: 544 Sq. Ft.
- Year Built: 2026
- Property Condition: New Construction
Lot Features
- Property View: Bay, Skyline
- Frontage: Bay
Water Features
- Water Front: Yes
- Water View: Yes
Financial Considerations
- Price Per Sq. Ft.: $1,193.01
- Association Fee: $800
- Assoc Fee Freq.: Monthly
- Tax Amount: $2,974
- Tax Year: 2025
- Terms: All Cash, Conventional
Disclosures and Reports
- Legal Description: 501 FIRST RESIDENCES CONDO UNIT 2102 OFF REC 35067 4463
- Restrictions: No Restrictions
- Inclusions: None
- Property ID: 01-41-01-008-0850
Listed by Miami Life Realty LLC
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Schools
Schools serving 121 NE 5th St #2002
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Frederick R. Douglass Elementary School 314 Northwest 12th Street, Miami, FL 33136 | PK-5 | 0.7 mi |
Jose De Diego Middle School 3100 Northwest 5th Avenue, Miami, FL 33127 | 6-8 | 2 mi |
Booker T. Washington Senior High School 1200 Northwest 6th Avenue, Miami, FL 33136 | 9-12 | 0.9 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 #2002
Date
Details
Price
Change
Source
8/28/2026
Listed
$649,000
—
MLS
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
Tax History for 121 NE 5th St #2002
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
—
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
Estimate the Cost for 121 NE 5th St #2002
121 NE 5th St #2002, Miami, FL 33132 (MLS# A12079665) is a Condo property with 1 bedroom and 2 full bathrooms. 121 NE 5th St #2002 is currently listed for $649,000 and was received on August 28, 2026. Want to learn more about 121 NE 5th St #2002? 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.

