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$525,000

  • For Sale
  • Active
  • Condo
  • 1 Full Bath
  • 456 Sq. Ft.
See This Home
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Stunning high-floor residence on the 34th floor at 501 First Residences, offering breathtaking direct east-facing water views of Biscayne Bay. This beautifully designed unit comes fully furnished and completely turn-key, ideal for both personal use and investment. Approved for short-term rentals and currently professionally managed by a short-term rental company, the property offers excellent income potential from day one. Floor-to-ceiling windows fill the space with natural light and showcase spectacular bay views, while modern finishes and a private balcony enhance the living experience. Residents enjoy resort-style amenities and a prime location in the heart of Miami, just moments from dining, entertainment, and waterfront attractions.

Full Property Details for 121 NE 5th St #3400

General

  • Price: $525,000
  • HOA FEE: $674/month
  • Taxes: (2026)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11978516
  • Updated: 3/7/2026
  • Added to Site: 23 day(s) ago

Interior

  • Interior Features: Elevator
  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
  • Furnishings: Furnished, Turn Key Furnished
  • Flooring: Ceramic Floor

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Primary Bathroom: Shower Only

Bedrooms

  • Bedroom Features: Entry Level, Studio

Additional Information

  • Shared Amenities: Barbecue, Bike Storage, Business Center, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Pool, Trash Chute
  • Maint. Includes: All Amenities, Cable Tv, Internet/WiFi, Parking, Sewer, Trash Removal, Water
  • Security/Safety: Smoke Detector, Doorman, Elevator Secure, Lobby Secured
  • Equipment: Elevator

Exterior

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

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: 1 Space, Guest, Valet

Location

  • Area: 501 First
  • County: Miami-Dade County
  • Subdivision: 501 First
  • Building Name: 501 first residences
  • Driving Directions: From I-95 S, take Exit 3B (NW 8th St) to Downtown, go east, turn right on NW 3rd Ct, then left on NE 5th St. Building located at 121 NE 5th St.

Community

  • Community Name: 501 First
  • Association: Yes
  • Pets Allowed: 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, CBS Construction
  • Windows: Blinds
  • Doors: High Impact Doors
  • Entry Floor Number: 34
  • Square Feet: 456
  • Sq. Ft. Source: Developer
  • Living Area: 456 Sq. Ft.
  • Year Built: 2026
  • Property Condition: New Construction

Lot Features

  • Property View: Bay, Ocean View, Water View

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $1,151.32
  • Association Fee: $674
  • Assoc Fee Freq.: Monthly
  • Tax Year: 2026
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Ownership: Limited Partnership
  • Legal Description: 501 First Residences condominium book 35067 page 4463
  • Restrictions: Daily Rentals Allowed, Ok To Lease, See Broker Remarks
  • Property ID: 01-41-01-008-0220

Listed by The Keyes Company

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— 121 NE 5th St #3400 —

  • The Keyes Company

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 121 NE 5th St #3400

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 #3400 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/07/2026
Listed
$525,000
16.67%
MLS
2/26/2026
Sold
$450,000
—
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 #3400

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 #3400

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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 The Keyes Company

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121 NE 5th St #3400, Miami, FL 33132 (MLS# A11978516) is a Condo property with 0 bedrooms and 1 full bathroom. 121 NE 5th St #3400 is currently listed for $525,000 and was received on March 07, 2026. Want to learn more about 121 NE 5th St #3400? 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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