How do I schedule a tour of 121 NE 5TH Street 1501, Miami, FL 33132?

Use the Tour button on this listing to request a showing of 121 NE 5TH Street 1501, 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 5TH Street 1501, Miami, FL 33132 still available?

121 NE 5TH Street 1501, Miami, FL 33132 is currently listed as Active, and has been on the market 1 day. 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 5TH Street 1501, Miami, FL 33132?

With 20% down ($164,000) on the $820,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 121 NE 5TH Street 1501, Miami, FL 33132 is about $4,309/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 5TH Street 1501, Miami, FL 33132?

Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 121 NE 5TH Street 1501, 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 5TH Street 1501, Miami, FL 33132 have an HOA fee?

Yes: 121 NE 5TH Street 1501, Miami, FL 33132 carries an HOA fee of about $1,300 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 5TH Street 1501, Miami, FL 33132?

121 NE 5TH Street 1501, 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 5TH Street 1501, Miami, FL 33132?

Often, yes. The right offer on 121 NE 5TH Street 1501, 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.

Active

1 Day on Market

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$820,000

121 NE 5TH Street 1501

Miami, FL 33132

501 First

Explore the area: Miami homes for sale · Miami Dade County real estate

Price Check

How this price compares

List price: $820,000
Price per sq ft: $982
Vs. nearby sales: 74.1% above
Days on market: 1

This 2-bedroom condo in ZIP 33132 is listed at $820,000, or $982 per square foot. It has been on the market for 1 day. The 6 most recent condo sales in the closings shown below sold at a median of $564 per square foot, so the asking price is 74.1% above what comparable homes here actually sold for.

Bedrooms

Bathrooms

835

Living Sq Ft

2025

Year Built

Estimated monthly payment

$4,309 /mo

Principal and interest only, based on $164,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,300/mo HOA are not included.

Customize this estimate

Listing Snapshot

Price: $820,000
Days on Site: 1 Days
Bedrooms: 2
Total Baths: 2
Full Baths: 2
Partial Baths: 0
Living Area: 835 sqft
Total Sq Ft: 835 sqft
Year Built: 2025
Property Type: Condo
MLS #: B26094312
Property Tax: $10,253 (2026)
HOA Fees: $1,300 / Monthly
Subdivision: 501 First
County: Miami Dade
Status: Active
Special Conditions: Standard

About This Property

15th-floor corner 2BR/2BA at 501 First Residences in Downtown Miami! Brand-new and fully furnished, this turnkey residence features panoramic Biscayne Bay and skyline views, floor-to-ceiling impact glass, a private balcony, Italian cabinetry, and premium appliances. Flexible daily and short-term rentals offer excellent investment potential as soon as you close or personal use. Enjoy 20,000+ SF of resort-style amenities, including rooftop pool, spa, fitness center, lounges, concierge, and 24-hour security. Steps from Miami Worldcenter, Brightline, Kaseya Center, Bayside Marketplace, and Bayfront Park. Easy to show!

MLS media link

General Features

Property Type: Condo
Status: Active
Year Built: 2025
Property Condition: Resale
Number of Stories: 40
Levels: One
Garage Spaces: 1
Attached Garage: Yes
Parking: Attached / Garage
Direction Faces: Southeast
Lot Size (Acres): 0
Living Sq Ft: 835
Total Sq Ft: 835
Structure Type: Multi Family
Sewer: Public Sewer
Water Source: Public
Zoning: 6401

Interior Features

Appliances: Cooktop / Dryer / Dishwasher / Electric Cooktop / Oven / Refrigerator / Washer
Cooling: Central Air
Heating: Central
Flooring: Ceramic Tile / Tile
Interior Features: Bedroom On Main Level / None
Laundry: In Hall / Washer Dryer Install Allowed
Windows: Solar Screens
Main Level Bedrooms: 2
Main Level Baths: 2
Total Rooms: 3

Exterior Features

Construction: Block / Concrete
Roof: Other
Pool Features: Association
View: City / Skyline

Community & HOA

HOA Fee: $1,300 / Monthly
HOA Includes: Security / Trash / Water
Association Amenities: Clubhouse / Fitness Center / Maintenance Grounds / Pool / Spa Hot Tub
Security: Lobby Secured
Utilities: Water Connected
Pets Allowed: Call / Yes
Financing Terms: Cash / Conventional
Restrictions: Okay To Lease1st Year / Ok To Lease / See Remarks / Short Term Rentals Allowed
MLS Area: 2410

Schools

Elementary School: Frederick Douglass
Middle School: Jose De Diego
High School: Booker T. Washington

About the Community

501 First

View Community Details →

Homes for Sale: 2
Under Contract: 0
Median List Price: $615,000
Median $/Sq Ft: $1,062
Avg Days on Market: 80

View all 2 homes for sale in 501 First →

Frequently Asked Questions

How do I schedule a tour of 121 NE 5TH Street 1501, Miami, FL 33132?: Use the Tour button on this listing to request a showing of 121 NE 5TH Street 1501, 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 5TH Street 1501, Miami, FL 33132 still available?: 121 NE 5TH Street 1501, Miami, FL 33132 is currently listed as Active, and has been on the market 1 day. 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 5TH Street 1501, Miami, FL 33132?: With 20% down ($164,000) on the $820,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 121 NE 5TH Street 1501, Miami, FL 33132 is about $4,309/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 5TH Street 1501, Miami, FL 33132?: Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 121 NE 5TH Street 1501, 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 5TH Street 1501, Miami, FL 33132 have an HOA fee?: Yes: 121 NE 5TH Street 1501, Miami, FL 33132 carries an HOA fee of about $1,300 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 5TH Street 1501, Miami, FL 33132?: 121 NE 5TH Street 1501, 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 5TH Street 1501, Miami, FL 33132?: Often, yes. The right offer on 121 NE 5TH Street 1501, 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 INNOVO PROPERTY GROUP INC

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 November 14, 2026.

$820,000

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Listed by Bart M Simon, INNOVO PROPERTY GROUP INC

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Recently sold homes in ZIP 33132

These are the last 6 recorded closings in ZIP 33132, with the price each home actually sold for rather than what it was listed at. They closed at a median of $570 per square foot. The most recent closed on November 9, 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.