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About this home
121 NE 5th St #1500 is a 2025-built home in 501 Firt Residences Condominium, Miami. Inside you'll find 1 bedrooms, 1 bathrooms, and 458 square feet of living space. Listed at $478,000 (about $1,044/sqft), 225 days on market. Flood zone 12086C - confirm flood insurance requirements with your lender. Condo dues run $674 monthly.
A big price improvement ! Welcome to this brand new 501 First Residence Condominium a premier residential community in the heart of Miami. Unit 1500 is a well-designed studio residence offering 458 SF with an efficient open layout, floor-to-ceiling impact windows, and a private balcony providing natural light and urban city ambiance. Delivered fully furnished with a bed, mattress, desk, stools, and a sofa. Everything is brand new and this unit is ready for immediate rental income. This condominium offers amazing amenities: a rooftop pool on the 40th floor, an open-concept sunrise & sunset lounge on the 38th floor, a fitness room, shared workspaces, and a party room. The unit offers a 180-degree ocean view. Right downstairs you have the Miami Downtown light rail/Metro mover, and prime walkability to Miami World Center, Brightline Station, Bayfront Park, dining, entertainment. An ideal investment in one of Miami’s fastest-growing high demand short-term rental markets.
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$478,000
$1,044 per sq ft
Beds and baths
1 beds, 1 baths
Size
458 sq ft
Time on market
225 days
Year built
2025
Monthly payment
About $3,407/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $11 annual tax bill, insurance, and $674/mo in condo dues.
Condo dues
$674/mo
Managed by Talita Dias.
Flood zone
Zone 12086C
That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.
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