501 First Residences

121 NE 5th St # 504, Miami FL 33132

1 baths · 359 ft²

For Sale · Active Listing

$499,000

Est. Payment $2,656/mo

MLS Sheet Video

Bathrooms

359

Sq. Ft.

2025

Year Built

Garage

Stories

Days on Market

Description

Location!! Unit already generating income in a short rental. This beautifully designed unit comes fully furnished. Approved for short-term rentals. Floor-to-ceiling windows fill the space with natural light and showcase spectacular bay views, while modern finishes and a private balcony. enjoy resort-style amenities and a prime location in the heart of Miami a walking distance from Miami World Center. just moments from dining, entertainment, and waterfront attractions.

Facts

MLS#: A12060745
Subdivision: 501 First Residences
Property Type: Residential
Property Sub Type: Condominium
Year Built: 2025
Lot Size: 0 sqft
Sq. Ft.: 359 ft²
Sq. Mt.: 33 m²
Price per sq. ft.: $1,390/ft²
Price per sq. mt.: $15,121/m²
Stories: 40
Garage: 1 spaces
Pool: —
Days on Market: 1 day
Listed: Jul 27, 2026
Last Updated: Jul 28, 2026
Price/Lot Sq.Ft.: —

Comparable homes

Same ZIP, similar price + bedrooms.

$500,000

— bd · 1 ba · 275 sqft

20 NE 11th St # 3012A, Miami FL 33132

$500,000

— bd · 1 ba · 275 sqft

20 NE 11th St # 3006A, Miami FL 33132

$500,000

— bd · 1 ba · 275 sqft

20 NE 11th St # 3012B, Miami FL 33132

$500,000

— bd · 1 ba · 275 sqft

20 NE 11th St # 3006B, Miami FL 33132

SOLD

$490,000

— bd · 1 ba · 666 sqft

851 NE 1st Avenue # 302, Miami FL 33132

121 NE 5th Street # 1404, Miami FL 33132

$489,000

— bd · 1 ba · —

121 NE 5th Street # 1404, Miami FL 33132

SOLD

$485,000

— bd · 1 ba · 336 sqft

20 NE 11th St # 2503B, Miami FL 33132

$515,000

— bd · 1 ba · 378 sqft

20 NE 11th St # 4202, Miami FL 33132

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).

7/27/2026

Listed for sale

$499,000

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 # 504, Miami FL 33132Directions

GreatSchools Summary Ratings

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

Somerset Academy Charter
KG,1,2,3,4,5 · charter · 0.3 mi
World Hope Academy
9,10,11,12 · private · 0.7 mi
My Academy Preschool and Learning Center
PK,KG,1,2 · private · 0.9 mi
Mini ME Academy
PK,TK,KG · private · 0.9 mi
Grace Baptist Academy
PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.9 mi
Academir Charter School Preparatory
KG,1,2,3,4,5,6,7,8 · charter · 0.9 mi
Herbert A. Ammons Middle School
6,7,8 · public · 1.0 mi
Somerset Academy Charter Middle School
6,7,8 · charter · 1.1 mi
Somerset College Preparatory Academy S Hi Sch
9,10,11,12 · charter · 1.1 mi
South Miami Heights Elementary School
PK,KG,1,2,3,4,5 · public · 1.3 mi

Estimated Monthly Payment

$3,222/mo

Principal & Interest

$2,656

Property Tax

$416

Insurance

$150

HOA

Down Payment20% ($99,800)

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) 833-0020 info@rangelyadames.com

Hablo Español

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.

Updated 11 hours ago