501 FIRST RESIDENCES
121 NE 5 ST # 709, Miami FL 33132
1 baths · 402 ft²
1
Bathrooms
402
Sq. Ft.
2026
Year Built
40
Stories
130
Days on Market
Description
Unit 709 presents a opportunity in one of Miami’s most sought-after new developments. This 2025-built studio is designed for maximum utility and appeal in the high-demand Downtown rental market. A thoughtfully designed open studio layout providing 359 square feet of interior living space. Unlike typical urban studios, this unit features a deep 38-square-foot balcony, extending the living area into the city atmosphere. Fully equipped with contemporary Italian cabinetry, premium integrated appliances, and an in-unit washer and dryer. Situated at 121 NE 5th St, residents are positioned at the epicenter of Miami's urban evolution. Steps from the multi-billion dollar Miami Worldcenter project, ensuring long-term desirability and infrastructure support. Directly adjacent to the Brightline station and Metro Mover, providing effortless access to the wider South Florida region. Within walking distance of the Kaseya Center, Museum Park, and the city’s premier dining and nightlife.
Facts
- MLS#
- A12015916
- Subdivision
- 501 FIRST RESIDENCES
- Property Type
- Residential
- Property Sub Type
- Condominium
- Year Built
- 2026
- Lot Size
- 0 sqft
- Sq. Ft.
- 402 ft²
- Sq. Mt.
- 37 m²
- Price per sq. ft.
- $970/ft²
- Price per sq. mt.
- $10,541/m²
- Stories
- 40
- Garage
- —
- Pool
- —
- Days on Market
- 130 days
- Listed
- May 8, 2026
- Last Updated
- Sep 15, 2026
- Price/Lot Sq.Ft.
- —
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Market insights for Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
September 2026
61
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 7/27/2026 | Price change | $390,000-4.6% |
| 5/8/2026 | Listed for sale | $409,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
Estimated Monthly Payment
$2,551/mo
Principal & Interest
$2,076
Property Tax
$325
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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