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. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

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, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 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
Google Places 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.