ActiveMLS® A11977341

$478,000

121 NE 5 Street 1500, Miami, FL 33132

Beds: 0
Baths: 1
Sqft: 458

Est. payment$3,477/mo

Home type: Condominium
Year built: 2025
Lot size: —
Price / sqft: $1,044
HOA: $674/mo
Community: 501 First Residence

Property description

Brand new studio at 501 First Residence Condominium in Downtown Miami. Unit 1500 offers 458 SF with floor to ceiling impact windows, private balcony and stunning 180 ` ocean city views . Fully furnished with brand new bed , mattress, desk, stools and sofa -Trunkey and ready for immediate rental income. Luxury amenities include a rooftop pool (40th floor) sunrise & sunset lounge (38th Floor) fitness center , coworking spaces and party room . Near Metro mover, Miami World Center , Brightline Station, Bayfront Park and entertainment. Prime opportunity in Maimi's high - demand short-term rental market.

Listing activity

Days on market: 236
Listed: Mar 1, 2026
MLS listing updated: Sep 9, 2026
Feed last checked: 4 minutes ago

Listed by Salesperson Non Member · Non-MLS Member

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 0
Bathrooms: 1
Bathrooms (decimal): 1
Full bathrooms: 1

Rooms & features

Rooms: 1
Interior features: Elevator
Flooring: Ceramic Tile
Appliances: Electric Water Heater, Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator
Furnished: Furnished
Window features: Skylight(s)

Heating & cooling

Heating: Central, Electric
Cooling: Ceiling Fan(s), Central Air

Property

Parking

Garage spaces: 1
Garage: Yes
Covered spaces: 1
Parking features: Attached, Attached Garage, Garage, Valet
Attached garage: Yes

Exterior

Stories: 40
Building area: 458 sqft
Entry level: 1
Exterior features: Balcony, Barbecue
View: Ocean, Bay
Waterfront: Other, None
Waterfront property: Yes

Lot

Road frontage: East of US-1, West of US-1

Construction

Type & style

Home type: Condominium
Year built: 2025
New construction: Yes

Materials

Property condition: New Construction
Faces: South

Utilities & green energy

Utilities

Utilities: Cable Available

Community & HOA

Community

Subdivision: 501 First Residence
MLS area: 2410
Security: Elevator Secure, Fire Alarm, Key Card Entry, Lobby - Attended, Security System, Smoke Detector(s)
Pets allowed: Pet Restrictions Possible, Yes
55+ community: No

Association

Has association: Yes
Association fee: $674 monthly
Estimated monthly dues: $674
Amenities: Maintenance, Business Center, Community Room, Elevator(s), Fitness Center, Heated Pool, Lobby, Parking, Picnic Area, Sauna, Spa/Hot Tub
Services included: Pool Service, Cable TV, Common Areas, Elevator, Maintenance Grounds, Trash

Lease details

Not reported by the listing source.

Location

Area details

City: Miami
County: Miami-Dade
ZIP code: 33132

Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number: A11977341
Possession: Negotiable
Original list price: $488,000
Parcel number: 0000000000000
Annual property tax: $1,007
Tax year: 2025
Tax legal description: 0

Additional MLS details

Reported by the listing source

Association Amenities: Maintenance, Business Center, Community Room, Elevator(s), Fitness Center, Heated Pool, Lobby, Parking, Picnic Area, Sauna, Spa/Hot Tub
Association Fee Frequency: Monthly
Association Fee Includes: Pool Service, Cable TV, Common Areas, Elevator, Maintenance Grounds, Trash
Association: Yes
Bathrooms Total Decimal: 1
Bathrooms Total Integer: 1
Building Area Total: 458
County Or Parish: Miami-Dade
Days On Market: 236
Direction Faces: South
Elementary School: Frederick Douglass
High School: Booker T. Washington
List Price: 478000
Listing Contract Date: 2026-03-01
Living Area: 458
MLSArea Major: 2410
Middle Or Junior School: Jose De Diego
Mls Status: Active
On Market Date: 2026-03-01
Photos Count: 22
Postal Code: 33132
Price Change Timestamp: 2026-06-30T18:14:59Z
Property Sub Type: Condominium
Property Type: Residential
Road Frontage Type: East of US-1, West of US-1
Rooms Total: 1
Security Features: Elevator Secure, Fire Alarm, Key Card Entry, Lobby - Attended, Security System, Smoke Detector(s)
Senior Community: No
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-03-01T05:00:00Z
Stories Total: 40
Subdivision Name: 501 First Residence
Waterfront Features: Other, None
Tax Annual Amount: 1007
Bathrooms Full: 1
Bedrooms Total: 0
Financial Information: Estimated Monthly Assoc Recurring Fee: 674

Market value

Automated estimate—No licensed valuation source connected

Estimated sales range—Ask Karim for a local market analysis

Estimated rent—No licensed rental valuation source connected

Price history

Date	Event	Price
Mar 1, 2026	ListedMIAMI REALTORS® MLS	$488,000$1,066/sqft
Jun 30, 2026	Price reducedMIAMI REALTORS® MLS	$478,000$1,044/sqft

Public tax history

Year	Property taxes	Assessment
2025	$1,007	—

Payment calculator

Estimated monthly payment$3,477/moIllustrative estimate, not a loan offer.

Loan typeDown payment (%)Interest rate assumption (%)Loan termInsurance / month

Principal & interest: $2,480
Property taxes: $84
Insurance: $239
Association dues: $674

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

501 First Residence

Miami · Miami-Dade County · 33132

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Frederick DouglassElementary

—

Jose De DiegoMiddle

—

Booker T. WashingtonHigh

—

School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

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