About This Home

This 1-bedroom, 1-bathroom condo at 121 NE 5TH Street #1500 in Miami, FL is listed for $478,000 ($1,044 per sqft). Built in 2025, the home offers 458 sqft of living space on a N/A lot.

Key Features

  • Built in 2025
  • Waterfront

Property Details

1 story
1 full
1-car garage
#1500
2025

Amenities

WaterfrontA/C
Listing Description

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.

Monthly Cost Estimate

$2,556/mo

20% down · 6.5% · 30 years

Principal$346
Interest$2,071
Insurance$139

Estimates only. Actual payments may vary.

Location

121 NE 5TH Street #1500

Miami, FL 33132

501 FIRT RESIDENCES CONDOMINIUM

Features & Amenities

Interior Features

Ceiling Fans(s)ElevatorHigh CeilingsLiving Room/Dining Room ComboOpen FloorplanSolid Surface CountersWalk-In Closet(s)

Exterior Features

BalconyOutdoor GrillPrivate EntranceSidewalk

Property Details

Flooring

Tile - Ceramic

Construction

Block Concrete

Heating

CentralElectric (Heating)Heat Pump (Heating)

Cooling

Central Air

Appliances

Convection OvenDishwasherDisposalDryerElectric Water HeaterMicrowaveRange HoodRefrigeratorWasher

Questions & Answers

This 1-bedroom, 1-bathroom condo at 121 NE 5TH Street is listed at $478,000 ($1,044/sqft). The estimated monthly payment is $2,556 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 2025, Waterfront. Interior Features: Ceiling Fans(s), Elevator, High Ceilings. Exterior Features: Balcony, Outdoor Grill, Private Entrance.

This property is listed by Ying Yan.

YY

Ying Yan

Agent at Florida Homes Realty and Mortgage LLC

Listed by Florida Homes Realty and Mortgage LLC · Broker phone: (904) 363-8395 · View on Broker Site · Broker website

MLS# GC538024· Source: Stellar MLS· 242 days on PropertySimple

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

121 NE 5TH Street #1500, Miami, FL 33132

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