ActiveMLS® A12110051

$549,900

121 NE 5th Street 1703, Miami, FL 33132

Beds: 1
Baths: 2
Sqft: 544

Est. payment$4,020/mo

Home type: Condominium
Year built: 2025
Lot size: —
Price / sqft: $1,011
HOA: $892/mo
Community: 501 First Residences Condo

Property description

BRAND NEW CONSTRUCTION! Beautiful 1 Bed + DEN / 2 Baths. Fully furnished residence in the heart of Downtown Miami. Thoughtfully designed with premium finishes and designer furnishings. Outstanding investment potential. One of the few residences in the area with no rental restrictions, allowing short-term rentals, long-term rentals, seasonal use, or full-time owner occupancy with complete flexibility. Features include floor-to-ceiling impact glass, a private balcony, Italian cabinetry, premium appliances. Residents enjoy access to more than 20,000 square feet of resort-style amenities, including a rooftop pool, hydrotherapy spa, HOMAGE fitness center, yoga studio, entertainment lounges, co-working spaces, chef's kitchen, and much more. Easy to show.

Listing activity

Days on market: 5
Listed: Oct 20, 2026
MLS listing updated: Oct 21, 2026
Feed last checked: 4 minutes ago

Listed by Alejandra Restrepo · Weichert Realtors Capella Estates

Map

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

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 1
Bathrooms: 2
Bathrooms (decimal): 2
Full bathrooms: 2
Half bathrooms: 0

Rooms & features

Rooms: 0
Interior features: Other
Flooring: Ceramic Tile
Appliances: Dishwasher, Microwave, Refrigerator

Heating & cooling

Heating: Central
Cooling: Central Air

Property

Parking

Garage spaces: 0
Carport spaces: 0
Covered spaces: 0
Parking features: Valet
Attached garage: No

Exterior

Stories: 40
Building area: 544 sqft
Exterior features: Balcony
View: Skyline
Waterfront property: No

Construction

Type & style

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

Materials

Construction: Block
Property condition: New Construction

Utilities & green energy

Not reported by the listing source.

Community & HOA

Community

Subdivision: 501 First Residences Condo
MLS area: 2410
Security: Elevator Secure, Key Card Entry
Pets allowed: Yes
55+ community: No

Association

Has association: Yes
Association fee: $892 monthly
Estimated monthly dues: $892
Amenities: Pool, Business Center, Elevator(s), Fitness Center, Picnic Area
Services included: Cable TV, Insurance, Water

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: A12110051
Possession: Negotiable
Original list price: $549,900
Parcel number: 0141010081160
Annual property tax: $0
Tax year: 2026
Tax legal description: 501 FIRST RESIDENCES CONDO UNIT 1703 UNDIV 0.22466% INT IN COMMON ELEMENTS OFF REC 35067-4463

Additional MLS details

Reported by the listing source

Association Amenities: Pool, Business Center, Elevator(s), Fitness Center, Picnic Area
Association Fee Frequency: Monthly
Association Fee Includes: Cable TV, Insurance, Water
Association: Yes
Bathrooms Total Decimal: 2
Bathrooms Total Integer: 2
Building Area Total: 544
Construction Materials: Block
County Or Parish: Miami-Dade
Days On Market: 5
Elementary School: Frederick Douglass
High School: Booker T. Washington
List Price: 549900
Listing Contract Date: 2026-10-20
Living Area: 544
MLSArea Major: 2410
Middle Or Junior School: Jose De Diego
Mls Status: Active
On Market Date: 2026-10-20
Photos Count: 16
Postal Code: 33132
Property Sub Type: Condominium
Property Type: Residential
Rooms Total: 0
Security Features: Elevator Secure, Key Card Entry
Senior Community: No
Standard Status: Active
State Or Province: FL
Status Change Timestamp: 2026-10-20T04:00:00Z
Stories Total: 40
Subdivision Name: 501 First Residences Condo
Tax Annual Amount: 0
Bathrooms Full: 2
Bedrooms Total: 1
Waterfront: No
Bathrooms Half: 0
Financial Information: Estimated Monthly Assoc Recurring Fee: 892

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
Oct 20, 2026	ListedMIAMI REALTORS® MLS	$549,900$1,011/sqft

Public tax history

Year	Property taxes	Assessment
2026	$0	—

Payment calculator

Estimated monthly payment$4,020/moIllustrative estimate, not a loan offer.

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

Principal & interest: $2,853
Property taxes: $0
Insurance: $275
Association dues: $892

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 Residences Condo

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

12 homes