$478,000
121 5th Street
Miami, FL 33132
Listing updated: June 5, 2026 at 3:40 AM ET
Listing courtesy of Florida Homes Realty & Mortgage Gville · Ying Yan · MLS #GC538024 · Active · 352-240-1133Property type
Year built
Price / sq ft
HOA dues
Days on market
Garage space
Flood zone
About this home
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.
Local Insight
At $1,044 per square foot for a brand-new one-bedroom in a waterfront building, you're paying a Miami premium—this is solidly mid-to-upper range for the market, so you're buying location and newness rather than getting a deal. The lack of HOA fees is genuinely unusual for a condo this new and waterfront-positioned, which could save you significantly long-term, though you'll want to verify what's actually covered by the building or if maintenance costs are front-loaded into the purchase price. Being in flood zone 12086C means flood insurance will be a real line item in your carrying costs, so factor that into your monthly budget before committing.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history92 days on market
- Status: ActiveApr 13, 2026
- Listed$488,000Mar 1, 2026
- Price reduced$478,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 92
- Subdivision
- 501 Firt Residences Condominium
- County
- Miami-Dade
- Year built
- 2025
- Living area
- 458 sq ft
- Price/sq ft
- $1,044
- Lot size
- 0 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- 12086C
- Garage
- 1 spaces
- Annual taxes
- $11 (2025)
- Parcel #
- 00-00-00-000-1500
- Zoning
- RESI
- MLS #
- GC538024
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Interior Details
- Bedrooms
- 1
- Full bathrooms
- 1
- Flooring
- Ceramic Tile
- Appliances
- Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), Elevator, High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Walk-In Closet(s)
- Laundry
- Laundry Closet
- Stories / Levels
- One
- Direction faces
- South
- New construction
- Yes
Heating & Cooling
- Heating
- Central, Electric, Heat Pump
- Cooling
- Central Air
Parking
- Garage spaces
- 1
- Attached garage
- No
HOA & Financial
- Total monthly fees
- $674/mo
- Total annual fees
- $8,088
- HOA name
- Talita Dias
- CDD
- No
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional, FHA
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Balcony, Outdoor Grill, Private Entrance, Sidewalk
- Construction materials
- Block, Concrete
- Roof
- Built-Up, Other
- Foundation
- Concrete Perimeter, Slab
- Waterfront
- Yes
- Water view
- Yes
- Road surface
- Concrete
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Available, Cable Connected, Electricity Available, Electricity Connected, Public, Water Available, Water Connected
Community
- Pets allowed
- Yes
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Living Room | First | |
| Primary Bedroom | First | |
| Primary Bathroom | First | |
| Kitchen | First |
Listing Details
- Listing date
- 2026-03-01
- On market date
- 2026-03-01
- Original list price
- $488,000
- Occupant type
- Vacant
- MLS area
- 33132 - Miami
- Listing AOR
- Gainesville-Alachua
- Status changed
- 2026-04-13
- Tax legal description
- 1500 of 501 FIRST RESIDENCES CONDOMINIUM
Flood risk
See FEMA for this zone’s designation and insurance requirements.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Follow I-95 South to NW 3rd Ct in Miami. Take exit 3B from I-95 S Drive to NW 5th St
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 5, 2026 at 3:40 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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