Condominium at 121 NE 5TH ST #1500, MIAMI
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36 photos

$478,000

121 NE 5TH ST #1500
MIAMI, FL 33132
Listed by Ying Yan · FLORIDA HOMES REALTY & MORTGAGE GVILLE
Bedrooms
1
Bathrooms
1
Living area
458 sqft
Year built
2025

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.

Highlights

WaterfrontNew construction

Property details

MLS #
MFRGC538024
Property type
Condominium
Subdivision
501 FIRT RESIDENCES CONDOMINIUM
Status
Active
Days on market
92
On market date
March 1, 2026
Stories
N/A
Total bathrooms
1
Garage spaces
1
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles · public school directory data (NCES)

ElementaryCharter
DOWNTOWN MIAMI CHARTER SCHOOL
0.49 mi away · Grades 0-6
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
579
Student:teacher ratio
21.4:1
District
MIAMI-DADE
MiddleCharter
MATER ACADEMY EAST MIDDLE SCHOOL
1.31 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
Not yet rated
Local Score not yet available for this school
Enrollment
10
District
MIAMI-DADE
High
SCHOOL FOR ADVANCED STUDIES-WOLFSON
0.23 mi away · Grades 11-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
123
Student:teacher ratio
41.0:1
District
MIAMI-DADE

Walkability

Blended score for MIAMI's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

77
Walkable
out of 100
EPA National Walkability Index
12.2 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores20
Parks20
Schools20
Transit stops20
Pharmacies14

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$3,029/mo
$95,600 down
$382,400 loan
Principal & interest$2,480
Property tax (est.)$398
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated June 5, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.