$600,000
NEW CONSTRUCTION

121 NE 5th St Unit 902 Miami, FL 33132

Downtown Miami Neighborhood
1 Bed
2 Baths
597 Sq Ft
$1,005 Price per Sq Ft

Highlights

  • Doorman
  • 1-minute walk to College North
  • Skyline View
  • Fitness Center
  • New Construction
  • Furnished

About This Home

One of the most flexible investment opportunities in all of Miami right now.
This modern 1 Bed + Den is perfectly positioned in the heart of Downtown, offering exceptional views and one of the most desirable lines in the building.
What makes this unit stand out?
No rental restrictions — Airbnb daily, short-term, or long-term with zero limitations
Fully furnished & never lived in — true turnkey, start earning immediately
Smart layout with a versatile den (office or guest space)
Located in a brand-new luxury building with resort-style amenities
Unbeatable location — walk everywhere:
Steps from Kaseya Center (concerts, NBA games, major events)
Minutes to Miami Worldcenter — one of the largest developments in the U.S.
Easy access to the Metromover
Close to Brightline for seamless travel to Fort Lauderdale, West Palm & Orlando
Quick reach to PortMiami — the cruise capital of the world
Why this matters:
Downtown Miami is rapidly transforming into the “new Manhattan” — with massive growth, global investment, and skyrocketing demand for flexible rental properties.
This is not just a condo — it’s a cash-flow machine + appreciation play in one of the hottest markets in the country.

Listing Agent

Hiliany Munguia

Clients 1st Realty, Inc License #3264711 Listed on: 03/23/2026

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2025 | New Construction

HOA Fees

  • $892 Monthly HOA Fees

Parking

  • 1 Car Parking Space

Home Design

  • Entry on the 9th floor

Interior Spaces

  • 597 Sq Ft Home
  • Furnished
  • Blinds
  • Combination Dining and Living Room
  • Den
  • Ceramic Tile Flooring
  • Skyline Views

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Energy-Efficient Appliances
  • Balcony

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 01-41-01-008-0750

Community Details

Overview

  • High-Rise Condominium
  • 501 First Residences Cond Condos
  • 501 First Residences Condo Subdivision
  • 40-Story Property

Amenities

  • Doorman
  • Valet Parking
  • Community Center
  • Party Room
  • Elevator

Recreation

  • Fitness Center

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 2025 | New Construction

Lot Details

0 Sq Ft Lot

HOA Fees

$892 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2025
  • Property Sub Type: Condominium
  • Architectural Style: High Rise
  • Entry Level: 9
  • Garage Yn: No
  • Horses: No
  • Inclusions: None
  • New Construction: Yes
  • Property Attached Yn: Yes
  • Structure Type: Condo 5+ Stories, Condo
  • Subdivision Name: 501 First Residences Condo
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • CurrentPrice: 600000
  • InternetRemarks: This is not just a condo — it’s a cash-flow machine + appreciation play in one of the hottest markets in the country.
  • Special Features: 4098

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Wall Oven, Washer
  • Interior Amenities: Elevator, Den/Library/Office
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Flooring: Ceramic Floor
  • Furnished: Furnished
  • Living Area: 597
  • Other Equipment: Elevator
  • Stories: 40
  • Window Features: Blinds
  • Bedroom Features: Entry Level
  • Dining Room Features: Dining/Living Room
  • Living Room Features: Den/Library/Office
  • Master Bathroom Features: Shower Only

Exterior Features

  • View: Skyline
  • Exterior Features: Open Balcony
  • Home Warranty: Yes
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: 501 First Residences Cond
  • Parking Features: 1 Space, Valet

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector, Doorman

Condo/Co-op/Association

  • Association Fee: 892
  • Amenities: Community Room, Elevator(s), Exercise Room
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 01-41-01-008-0750

Green Features

  • Efficiency: Appliances

Rental Info

  • Pets Allowed: No, Yes

Tax Info

  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2026 03/23/26 For Sale $600,000 0.0% $1,005 / Sq Ft
03/23/2026 03/23/26 For Rent $4,500 -- --
Source: MIAMI REALTORS® MLS

Source: MIAMI REALTORS® MLS

MLS Number: A11988136

MIAMI REALTORS® MLS
Florida Miami/Dade County Miami 33132 Downtown Miami

121 NE 5th St Unit 902, Miami, FL

For Sale

Condos

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Hiliany Munguia
Listing Agent
Hiliany Munguia
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Clients 1st Realty, Inc
(786) 808-1087
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