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$600,000 Just Listed

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 2 Full Baths
  • 597 Sq. Ft.
  • Updated 6 days ago
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One of the most flexible investment opportunities in all of Miami right now. This modern 1 Bed + Den is perfectly positioned in the heart of Downtown, offering exceptional views and one of the most desirable lines in the building. What makes this unit stand out? No rental restrictions - Airbnb daily, short-term, or long-term with zero limitations Fully furnished & never lived in - true turnkey, start earning immediately Smart layout with a versatile den (office or guest space) Located in a brand-new luxury building with resort-style amenities Unbeatable location - walk everywhere: Steps from Kaseya Center (concerts, NBA games, major events) Minutes to Miami Worldcenter - one of the largest developments in the U.S. Easy access to the Metromover Close to Brightline for seamless travel to Fort Lauderdale, West Palm & Orlando Quick reach to PortMiami - the cruise capital of the world Why this matters: Downtown Miami is rapidly transforming into the "new Manhattan" - with massive growth, global investment, and skyrocketing demand for flexible rental properties. This is not just a condo - it's a cash-flow machine + appreciation play in one of the hottest markets in the country.

Full Property Details for 121 NE 5th St #902

General

  • Price: $600,000
  • HOA FEE: $892/month
  • Taxes: (2025)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11988136
  • Updated: 3/23/2026
  • Added to Site: 6 day(s) ago

Interior

  • Interior Features: Elevator, Den/Library/Office
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Furnished: Yes
  • Furnishings: Furnished
  • Flooring: Ceramic Floor

Rooms

Bathrooms

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

Bedrooms

  • Total Bedrooms: 1
  • Bedroom Features: Entry Level

Other Rooms

  • Living Room: Den/Library/Office Sq. Ft.
  • Dining Room: Dining/Living Room

Additional Information

  • Shared Amenities: Community Room, Elevator(s), Exercise Room
  • Maint. Includes: All Amenities, Common Area, Elevator, Insurance, Internet/WiFi, Manager, Outside Maintenance, Pool Service, Roof Repairs, Security, Sewer, Trash Removal, Water
  • Security/Safety: Smoke Detector, Doorman
  • Equipment: Elevator

Exterior

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

Parking

  • Parking Features: 1 Space, Valet

Location

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

Community

  • Community Name: 501 First Residences Condo
  • Association: Yes
  • Pets Allowed: Yes

Heating & Cooling

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

Structural Information

  • Architectural Style: High Rise
  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Windows: Blinds
  • Entry Floor Number: 9
  • Square Feet: 597
  • Sq. Ft. Source: Appraisal
  • Living Area: 597 Sq. Ft.
  • Year Built: 2025
  • Property Condition: New Construction

Lot Features

  • Property View: Skyline

Green Features

  • Energy Efficient: Appliances

Financial Considerations

  • Price Per Sq. Ft.: $1,005.03
  • Association Fee: $892
  • Assoc Fee Freq.: Monthly
  • Tax Year: 2025
  • Terms: All Cash, Conventional, Cryptocurrency, FHA

Disclosures and Reports

  • Legal Description: 121 NE 5th Street #902 MIAMI, FL 33132
  • Restrictions: Daily Rentals Allowed, Ok To Lease, Okay To Lease 1st Year
  • Inclusions: None
  • Property ID: 01-41-01-008-0750

Listed by Clients 1st Realty, Inc

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— 121 NE 5th St #902 —

  • Clients 1st Realty, Inc

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 #902

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 #902 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/23/2026
Listed
$600,000
33.33%
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 #902

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 #902

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Home Warranty : Included

Listed by Clients 1st Realty, Inc

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121 NE 5th St #902, Miami, FL 33132 (MLS# A11988136) is a Condo property with 1 bedroom and 2 full bathrooms. 121 NE 5th St #902 is currently listed for $600,000 and was received on March 23, 2026. Want to learn more about 121 NE 5th St #902? 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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