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$448,500
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Property Description
Modern, turnkey studio in brand new construction at 501 First Residences in Downtown Miami. 475 SF designer fully furnished and finished. No rental restrictions. Revenue the day you close. Floor-to-ceiling glass, private balcony, European cabinetry and appliances. In unit washer/dryer. Dedicated owners' storage literally 5 steps from the unit's front door. 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. This unit features an extra closet and larger tub/shower other studios in this building do not have.
Full Property Details
Full Property Details for 121 NE 5th St #912B
General
- Price: $448,500
- HOA FEE: $650/month
- Taxes: (2026)
- Status: Active
- Type: Condo
- Source: Greater_Miami
- MLS ID: A12006409
- Updated: 4/30/2026
- Added to Site: 10 day(s) ago
Interior
- Interior Features: First Floor Entry
- Appliances: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Primary Bathroom: Combination Tub & Shower
Bedrooms
- Bedroom Features: At Least 1 Bedroom Ground Level
Additional Information
- Shared Amenities: Business Center, Clubhouse-Clubroom, Pool, Sauna, Trash Chute
- Maint. Includes: All Amenities, Hot Water, Internet/WiFi, Parking, Sewer, Trash Removal
- Security/Safety: Doorman, Elevator Secure, Guard At Site, Lobby Secured, Security Patrol, TV Camera
- Equipment: Automatic Garage Door Opener
Exterior
- Exterior Features: Courtyard, Open Balcony
- Deck/Patio: Open Balcony
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Parking Features: None
Location
- Area: 501 First Residences
- County: Miami-Dade County
- Subdivision: 501 First Residences
- Building Name: 501 First Residences
Community
- Community Name: 501 First Residences
- Association: Yes
- Pets Allowed: Yes
- Adult Community: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric
Structural Information
- Architectural Style: Corner Unit, High Rise
- Structure Type: Condo-Hotel, Condo
- Detached/Attached: Attached
- Construction: CBS Construction
- Windows: Clear Impact Glass, Impact Glass
- Entry Floor Number: 9
- Sq. Ft. Source: Owner
- Year Built: 2025
- Property Condition: New Construction
Lot Features
- Property View: Garden View
Green Features
- Energy Efficient: HVAC
Financial Considerations
- Association Fee: $650
- Assoc Fee Freq.: Monthly
- Tax Year: 2026
- Terms: All Cash, Conventional
Disclosures and Reports
- Legal Description: 501FIRSTRESIDENCESCONDOUNIT912BUNDIV 0.16865%INTINCOMMONELEMENTSOFFREC35067-4463
- Restrictions: Corporate Buyer OK, Daily Rentals Allowed, Ok To Lease, Okay To Lease 1st Year
- Property ID: 01-41-01-008-4220
Listed by Lifestyle International Realty
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Schools
Schools serving 121 NE 5th St #912B
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 #912B
Date
Details
Price
Change
Source
4/23/2026
Listed
$448,500
—
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 #912B
Year
Property Taxes
Change
Tax Assessment
Change
2024
$85,707
—
$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 #912B
121 NE 5th St #912B, Miami, FL 33132 (MLS# A12006409) is a Condo property with 0 bedrooms and 1 full bathroom. 121 NE 5th St #912B is currently listed for $448,500 and was received on April 23, 2026. Want to learn more about 121 NE 5th St #912B? 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.

