Date
Details
Price
Change
Source
6/18/2026
Listed
$468,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/19
$468,000
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1/19
Property Description
A move-in-ready, fully furnished studio in a building that permits short-term rentals a key differentiator in Downtown Miami, where Airbnb-approved inventory is limited and commands a premium. The 411 SqFt layout includes a 38 SF balcony above-average outdoor space for the segment plus integrated premium appliances and in-unit washer/dryer, reducing furnishing and turnover costs whether you're targeting nightly stays or longer-term leases. Location is the core thesis: directly adjacent to the Brightline station and Metromover, and steps from the Miami Worldcenter development a multi-billion-dollar project anchoring sustained demand and infrastructure investment in the corridor. Proximity to the Kaseya Center, Museum Park, and Downtown's dining and entertainment scene drives consistent guest and tenant appeal. Building amenities (rooftop pool, fitness center, co-working spaces, 24-hour concierge) support premium nightly rates and strong occupancy. A brand-new 2025 build minimizes near-term capex and maintenance risk a low-friction, flexible-use addition to any rental portfolio.
Full Property Details
Full Property Details for 121 NE 5th St #3200
General
- Price: $468,000
- HOA FEE: $589/month
- Taxes: (2026)
- Status: Active
- Type: Condo
- Source: Greater_Miami
- MLS ID: A12039927
- Updated: 7/9/2026
- Added to Site: 23 day(s) ago
Interior
- Interior Features: Interior Hall, Lobby, First Floor Entry, Closet Cabinetry, Elevator
- Appliances: Dishwasher, Dryer, Microwave, Other Equipment/Appliances, Refrigerator, Washer
- Flooring: Ceramic Floor
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Bedroom Features: Entry Level, Primary Bath Shower, Studio
Additional Information
- Shared Amenities: Barbecue, Business Center, Clubhouse-Clubroom, Elevator(s), Exercise Room, Heated Pool, Pool, Spa/Hot Tub, Trash Chute
- Maint. Includes: All Amenities, Hot Water, Internet/WiFi, Sewer, Trash Removal, Water
- Security/Safety: Smoke Detector, Doorman, Elevator Secure, Lobby Secured
- Equipment: Elevator
Exterior
- Exterior Features: Barbecue
Parking
- Parking Features: 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
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
- Entry Floor Number: 3200
- Building Size: 412
- Square Feet: 412
- Living Area: 412 Sq. Ft.
- Year Built: 2025
Lot Features
- Property View: Bay, Water View
Water Features
- Water View: Yes
Financial Considerations
- Price Per Sq. Ft.: $1,135.92
- Association Fee: $589
- Assoc Fee Freq.: Monthly
- Tax Year: 2026
- Terms: Cash
Disclosures and Reports
- Legal Description: 501 FIRST RESIDENCES CONDO UNIT 3200 UNDIV 0.16997% IN
- Restrictions: Daily Rentals Allowed, No Restrictions
- Property ID: 01-41-01-008-0200
Listed by MAK Realty Group
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Listing agent
— 121 NE 5th St #3200 —
MAK Realty Group
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Schools
Schools serving 121 NE 5th St #3200
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 #3200
Tax History
Tax History for 121 NE 5th St #3200
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 #3200
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121 NE 5th St #3200, Miami, FL 33132 (MLS# A12039927) is a Condo property with 0 bedrooms and 1 full bathroom. 121 NE 5th St #3200 is currently listed for $468,000 and was received on June 18, 2026. Want to learn more about 121 NE 5th St #3200? 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.