501 First Residences

121 NE 5th St # 3704, Miami FL 33132

1 baths · 544 ft²

For Sale · Active Listing

$500,000

Est. Payment $2,661/mo

MLS Sheet

Bathrooms

544

Sq. Ft.

2025

Year Built

Stories

Days on Market

Description

DEVELOPER UNIT! Studio / 1 Bath | 402 SF | South-Facing Exceptional opportunity to own a brand-new, fully furnished residence in the heart of Downtown Miami. Thoughtfully designed with premium finishes throughout and move-in ready, offering outstanding investment potential. One of the few residences in the area with no rental restrictions, allowing short-term rentals. Ideally located in the vibrant Miami Worldcenter district. The residence features floor-to-ceiling impact-resistant glass, a private balcony, Italian cabinetry, high-end appliances, and designer furnishings included in the sale. Residents enjoy over 20,000 square feet of resort-style amenities, including a rooftop pool, hydrotherapy spa, HOMAGE fitness center, yoga studio, entertainment lounges, coworking spaces, a chef's kitchen, and much more. Easy to show.

Facts

MLS#: A12050355
Subdivision: 501 First Residences
Property Type: Residential
Property Sub Type: Condominium
Year Built: 2025
Lot Size: 0 sqft
Sq. Ft.: 544 ft²
Sq. Mt.: 51 m²
Price per sq. ft.: $919/ft²
Price per sq. mt.: $9,804/m²
Stories: 40
Garage: —
Pool: —
Days on Market: —
Listed: Jul 8, 2026
Last Updated: Jul 8, 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

July 2026

100/100

Buyers marketSellers market

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).

7/8/2026

Listed for sale

$500,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

121 NE 5th St # 3704, Miami FL 33132Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

Beachland Elementary School
PK,KG,1,2,3,4,5 · public · 1.6 mi
IR Prep for Indian River
5,6,7,8,9,10,11,12 · public · 2.3 mi
Adult And Community Education School
UG · public · 2.4 mi
Exceptional Student Education
PK,KG,1,2,3,4,5 · public · 2.4 mi
Vero Beach High School
9,10,11,12 · public · 2.6 mi
Tabernacle Christian School
KG,1,2,3,4,5,6,7,8 · private · 2.6 mi
Saint Edward's School
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 2.6 mi
Tabernacle Baptist Christian School
KG,1,3,4,5,6,7,8 · private · 2.7 mi
Vero Beach Elementary School
PK,KG,1,2,3,4,5 · public · 2.7 mi
St Helen Catholic School
KG,1,2,3,4,5,6,7,8 · private · 2.8 mi

Estimated Monthly Payment

$3,228/mo

Principal & Interest

$2,661

Property Tax

$417

Insurance

$150

HOA

Down Payment20% ($100,000)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 604-3276 info@rangelyadames.com

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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®.

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Updated 8 hours ago