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$594,000 -$5,000 (-0.83%) Price Reduced

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 2 Full Baths
  • 544 Sq. Ft.
  • Updated 16 hours ago
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SELLER MOTIVATED! PRICE REDUCED $69,000 FOR IMMEDIATE SALE. Rare opportunity to own one of Downtown Miami's most investor-friendly residences. Brand-new, never occupied, and fully furnished with premium designer upgrades throughout. Truly turnkey-just bring your suitcase. Every detail has been thoughtfully curated to deliver a luxury experience for owners and guests alike. One of the few residences in the area with NO RENTAL RESTRICTIONS, allowing short-term rentals, long-term rentals, seasonal use, or owner occupancy with maximum flexibility. Ideal for investors seeking strong income potential in Miami's rapidly growing Worldcenter district. Features 1 Bedroom + Den, 2 Full Bathrooms, floor-to-ceiling impact glass, private balcony, Italian cabinetry, premium appliances, and designer furnishings included in the sale. The versatile den easily functions as a guest room or home office. Enjoy over 20,000 SF of luxury amenities including rooftop pool, hydrotherapy spa, HOMAGE fitness center, yoga studio, entertainment lounges, co-working spaces, chef's kitchen, and more. Seller may contribute up to $10,000 toward Buyer's closing costs, subject to offer terms and lender approval. EASY TO SHOW. Bring all offers.

Full Property Details for 121 NE 5th St #711

General

  • Price: $594,000
  • HOA FEE: $892/month
  • Taxes: (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A12029991
  • Updated: 7/23/2026
  • Added to Site: 52 day(s) ago

Interior

  • Interior Features: Lobby, Closet Cabinetry, Custom Mirrors, Other, Pantry, Den/Library/Office
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Self-Cleaning Oven, Washer
  • Furnishings: Furnished, Turn Key Furnished
  • Flooring: Other, Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Primary Bathroom: 2 Primary Bathrooms, Shower Only

Bedrooms

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

Other Rooms

  • Living Room: Den/Library/Office Sq. Ft.
  • Dining Room: Breakfast Area, Dining/Living Room, Other

Additional Information

  • Shared Amenities: Barbecue, Bike Storage, Business Center, Cabana, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Storage, Pool, Private Pool
  • Maint. Includes: All Amenities, Cable Tv, Common Area, Elevator, Insurance, Internet/WiFi, Roof Repairs, Security, Sewer, Trash Removal, Water
  • Security/Safety: Fire Alarm, Smoke Detector, Elevator Secure, Card Entry, Lobby Secured
  • Equipment: Elevator

Exterior

  • Exterior Features: Other, Barbecue, Open Balcony
  • Deck/Patio: Deck, Open Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Covered Spaces: 2
  • Parking Features: 2 Or More Spaces, None, Valet, No Motorcycle, No Rv/Boats, No Trucks/Trailers

Location

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

School Information

  • Elementary School: Wheatley; Phyllis
  • High School: School for Adv Studies Wolfson

Community

  • Community Name: 501 First Residences
  • Association: Yes

Heating & Cooling

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

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Construction: CBS Construction, Other
  • Windows: Clear Impact Glass, High Impact Windows, Impact Glass, Other Windows
  • Entry Floor Number: 7
  • Building Size: 544
  • Square Feet: 544
  • Living Area: 544 Sq. Ft.
  • Year Built: 2025
  • Property Condition: New Construction

Lot Features

  • Property View: Other View, Skyline

Financial Considerations

  • Price Per Sq. Ft.: $1,091.91
  • Association Fee: $892
  • Assoc Fee Freq.: Monthly
  • Tax Year: 2025
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Ownership: Corporation
  • Legal Description: 501 FIRST RESIDENCES CONDO UNIT 711 UNDIV 0.22466% INT IN COMMON ELEMENTS OFF REC 35067-4463
  • Restrictions: Daily Rentals Allowed, Exterior Alterations, Other Restrictions
  • Inclusions: None
  • Property ID: 01-41-01-008-3790

Listed by Realty One Group Estates

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— 121 NE 5th St #711 —

  • Realty One Group Estates

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 #711

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 #711 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/23/2026
Price Reduced
$594,000
-0.83%
MLS
6/13/2026
Price Reduced
$599,000
-6.26%
MLS
6/11/2026
Price Reduced
$639,000
-4.48%
MLS
6/02/2026
Listed
$669,000
—
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 #711

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 #711

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Listed by Realty One Group Estates

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121 NE 5th St #711, Miami, FL 33132 (MLS# A12029991) is a Condo property with 1 bedroom and 2 full bathrooms. 121 NE 5th St #711 is currently listed for $594,000 and was received on June 02, 2026. Want to learn more about 121 NE 5th St #711? 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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