Price Check
How this price compares
- List price
- $478,000
- Price per sq ft
- $1,044
- Original price
- $488,000
- Days on market
- 206
This condo in 501 First Residence is listed at $478,000, or $1,044 per square foot. The asking price has come down 2% from its original $488,000. It has been on the market for 206 days.
Estimated monthly payment
$2,512 /mo
Principal and interest only, based on $95,600 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $674/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $478,000
- Days on Site
- 206 Days
- Bedrooms
- 0
- Total Baths
- 1
- Full Baths
- 1
- Living Area
- 458 sqft
- Total Sq Ft
- 458 sqft
- Year Built
- 2025
- Property Type
- Condo
- MLS #
- A11977341
- Property Tax
- $1,007 (2025)
- HOA Fees
- $674 / Monthly
- Subdivision
- 501 First Residence
- County
- Miami Dade
- Status
- Active
About This Property
Brand new studio at 501 First Residence Condominium in Downtown Miami. Unit 1500 offers 458 SF with floor to ceiling impact windows, private balcony and stunning 180 ` ocean city views . Fully furnished with brand new bed , mattress, desk, stools and sofa -Trunkey and ready for immediate rental income. Luxury amenities include a rooftop pool (40th floor) sunrise & sunset lounge (38th Floor) fitness center , coworking spaces and party room . Near Metro mover, Miami World Center , Brightline Station, Bayfront Park and entertainment. Prime opportunity in Maimi's high - demand short-term rental market.
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2025
- Property Condition
- New Construction
- New Construction
- Yes
- Number of Stories
- 40
- Garage Spaces
- 1
- Attached Garage
- Yes
- Parking
- Attached / Garage / Valet
- Direction Faces
- South
- Living Sq Ft
- 458
- Total Sq Ft
- 458
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Microwave / Refrigerator
- Cooling
- Central Air / Ceiling Fans
- Heating
- Central / Electric
- Flooring
- Ceramic Tile
- Interior Features
- Elevator / Living Dining Room / Sitting Area In Primary
- Windows
- Skylights
- Furnished
- Furnished
Exterior Features
- Exterior Features
- Balcony / Barbecue / Outdoor Living Area
- Pool Features
- Heated
- Patio & Porch
- Open / Balcony
- Waterfront
- Yes
- Waterfront Features
- None / Other
- View
- Bay / Ocean
Community & HOA
- HOA Fee
- $674 / Monthly
- HOA Includes
- Common Areas / Cable Tv / Maintenance Grounds / Pools / Trash
- Association Amenities
- Business Center / Clubhouse / Fitness Center / Maintenance Grounds / Picnic Area / Pool / Parking / Sauna / Spa Hot Tub / Elevators
- Community Features
- Home Owners Association
- Security
- Security System / Elevator Secured / Fire Alarm / Key Card Entry / Lobby Secured / Smoke Detectors
- Utilities
- Cable Available
- Pets Allowed
- Pet Restrictions / Yes
- Financing Terms
- Cash / Conventional / FHA / Va Loan
- Restrictions
- Okay To Lease1st Year / Ok To Lease
- MLS Area
- 2410
This home's HOA fee works out to $674 a month, 16% below the $801 median across 38 homes for sale in 501 First Residence. See 501 First Residence HOA fees
Schools
- Elementary School
- Frederick Douglass
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
About the Community
501 First Residences is a community in Miami, Miami-Dade County, Florida. Active listings are priced from $375,000 to $995,000. Homes were built between 2025 and 2026. Pure Equity lists homes in 501 First Residences and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.
- Homes for Sale
- 38
- Under Contract
- 1
- Median List Price
- $547,450
- Median $/Sq Ft
- $1,078
- Avg Days on Market
- 121
Frequently Asked Questions
- How do I schedule a tour of 121 NE 5 Street 1500, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 121 NE 5 Street 1500, Miami, FL 33132. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 121 NE 5 Street 1500, Miami, FL 33132 still available?
- 121 NE 5 Street 1500, Miami, FL 33132 is currently listed as Active, and has been on the market 206 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 121 NE 5 Street 1500, Miami, FL 33132?
- With 20% down ($95,600) on the $478,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 121 NE 5 Street 1500, Miami, FL 33132 is about $2,512/mo, before property taxes, insurance, and HOA dues. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 121 NE 5 Street 1500, Miami, FL 33132?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 121 NE 5 Street 1500, Miami, FL 33132. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- Does 121 NE 5 Street 1500, Miami, FL 33132 have an HOA fee?
- Yes: 121 NE 5 Street 1500, Miami, FL 33132 carries an HOA fee of about $674 monthly. HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- What schools serve 121 NE 5 Street 1500, Miami, FL 33132?
- 121 NE 5 Street 1500, Miami, FL 33132 is zoned for Frederick Douglass (elementary), Jose De Diego (middle), Booker T. Washington (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 121 NE 5 Street 1500, Miami, FL 33132?
- Often, yes. The right offer on 121 NE 5 Street 1500, Miami, FL 33132 depends on how it's priced against comparable condo sales in Miami, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Non-MLS Member
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$478,000
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Listed by Salesperson Non Member, Non-MLS Member
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Recent Sales
Recently sold homes in 501 First Residence
These are the last 2 recorded closings in 501 First Residence, with the price each home actually sold for rather than what it was listed at. They closed at a median of $854 per square foot. The most recent closed on August 25, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$370,000
Sold · August 25, 2026
121 NE 5 Street 801B
0 bed · 1 bath
$25,000 under the asking price
Sold$391,000
Sold · July 9, 2026
121 NE 5th Street 912B
0 bed · 1 bath · 458 sqft · $854/sqft
$23,500 under the asking price
See every recorded sale in 501 First Residence or find out what your 501 First Residence home is worth.
