$545,000
121 NE 5th Street 1506
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $545,000
- Price per sq ft
- $1,067
- Vs. nearby sales
- 111.7% above
- Days on market
- 170
This 1-bedroom condo in ZIP 33132 is listed at $545,000, or $1,067 per square foot. The asking price has come down 19.9% from its original $680,000. It has been on the market for 170 days. The 6 most recent condo sales in the closings shown below sold at a median of $504 per square foot, so the asking price is 111.7% above what comparable homes here actually sold for.
Estimated monthly payment
$2,864 /mo
Principal and interest only, based on $109,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $893/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $545,000
- Days on Site
- 170 Days
- Bedrooms
- 1
- Total Baths
- 2
- Full Baths
- 1
- Partial Baths
- 1
- Living Area
- 511 sqft
- Total Sq Ft
- 511 sqft
- Year Built
- 2025
- Property Type
- Condo
- MLS #
- B26013348
- Property Tax
- $8,000 (2026)
- HOA Fees
- $893 / Monthly
- Subdivision
- MIAMI
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Standard
About This Property
Prime investment opportunity in Downtown Miami at 121 NE 5th St, Unit 1506. Modern residence featuring floor-to-ceiling windows, private balcony, and sleek contemporary design. Ideal for primary living, vacation use, or income-producing investment. Located steps from Miami Worldcenter, Brightline, Bayside, top dining, entertainment, and major transit hubs. Positioned in one of Miami's fastest-growing urban corridors. Short-term rentals such as Airbnb allowed (verify building guidelines), offering exceptional income potential. Strong projected demand driven by Miami's expanding tourism market and upcoming global events including the FIFA World Cup. A rare opportunity to own a flexible, high-demand asset in the heart of Miami. Short-term rentals permitted (verify current building guidelines). Strong Airbnb income potential. Prime Downtown Miami location within walking distance to Miami Worldcenter, Kaseya Center, Brightline, PortMiami, and major attractions. High projected demand driven by continued tourism growth and upcoming global events including the FIFA World Cup.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2025
- Property Condition
- Resale
- Number of Stories
- 43
- Levels
- One
- Parking
- Valet
- Direction Faces
- South
- Lot Size (Acres)
- 0
- Living Sq Ft
- 511
- Total Sq Ft
- 511
- Structure Type
- Multi Family
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 6401
Interior Features
- Appliances
- Cooktop / Dryer / Dishwasher / Electric Cooktop / Freezer / Disposal / Microwave / Oven / Refrigerator / Washer
- Cooling
- Central Air / Electric
- Heating
- Central / Individual
- Flooring
- Concrete / Ceramic Tile / Tile
- Interior Features
- Bedroom On Main Level / Closet Cabinetry / Kitchen Dining Combo / Living Dining Room
- Laundry
- Inside / Washer Dryer Install Allowed
- Windows
- Blinds
- Main Level Bedrooms
- 1
- Main Level Baths
- 1
- Total Rooms
- 3
- Furnished
- Furnished
Exterior Features
- Construction
- Other / Stucco
- Roof
- Other
- Architectural Style
- Other
- Private Pool
- Yes
- Pool Features
- Pool Spa Combo / Association
- View
- City
Community & HOA
- HOA Fee
- $893 / Monthly
- HOA Name
- 501 Residences
- HOA Includes
- Pools / Internet
- Association Amenities
- Billiard Room / Business Center / Clubhouse / Fitness Center / Maintenance Grounds / Gated / Management / Pool / Recreation Facilities / Spa Hot Tub / Security / Trash
- Community Features
- Gated / Property Manager On Site
- Security
- Building Security / Carbon Monoxide Detectors / Fire Alarm / Fire Sprinkler System / Gated Community / Key Card Entry
- Utilities
- Cable Available
- Pets Allowed
- No Pet Restrictions / Yes
- Financing Terms
- Cash / Exchange1031
- Restrictions
- Buyer Approval Required
- MLS Area
- 2410
About the Community
Miami is an age-restricted 55+ community in Miami, Miami-Dade County, Florida, governed under the Housing for Older Persons Act (HOPA). Homes are priced from $665,000 to $8,000,000. At least one resident per home must be 55 or older. Pure Equity lists homes in Miami 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
- 5
- Under Contract
- 1
- Median List Price
- $975,000
- Median $/Sq Ft
- $1,046
- Avg Days on Market
- 149
Frequently Asked Questions
- How do I schedule a tour of 121 NE 5th Street 1506, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 121 NE 5th Street 1506, 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 1506, Miami, FL 33132 still available?
- 121 NE 5th Street 1506, Miami, FL 33132 is currently listed as Active, and has been on the market 170 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 5th Street 1506, Miami, FL 33132?
- With 20% down ($109,000) on the $545,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 121 NE 5th Street 1506, Miami, FL 33132 is about $2,864/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 1506, 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 1506, 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 1506, Miami, FL 33132 have an HOA fee?
- Yes: 121 NE 5th Street 1506, Miami, FL 33132 carries an HOA fee of about $893 monthly (501 Residences). HOA dues usually cover community amenities and shared maintenance; ask us for the current budget, rules, and exactly what's included.
- Can I negotiate the price of 121 NE 5th Street 1506, Miami, FL 33132?
- Often, yes. The right offer on 121 NE 5th Street 1506, 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 Complete Realty Group
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.
$545,000
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Listed by Alberto Primavesi, Complete Realty Group
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Recent Sales
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 $517 per square foot. The most recent closed on October 15, 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$230,000
Sold · October 15, 2026
1750 N Bayshore Drive 1407
0 bed · 1 bath · 508 sqft · $453/sqft
$25,000 under the asking price
Sold$450,000
Sold · October 14, 2026
1800 N Bayshore Drive 306
1 bed · 2 bath · 870 sqft · $517/sqft
$25,000 under the asking price
Sold$420,000
Sold · October 14, 2026
1600 NE 1st Avenue 1014
1 bed · 1.5 bath · 857 sqft · $490/sqft
$3,000 under the asking price
Sold$730,000
Sold · October 9, 2026
1900 N Bayshore Drive 3202
2 bed · 2.5 bath · 1,400 sqft · $521/sqft
$25,000 under the asking price
Sold$399,000
Sold · October 9, 2026
20 NE 11th Street 4803A
0 bed · 1 bath · 275 sqft · $1,451/sqft
Sold$370,000
Sold · October 9, 2026
244 Biscayne Boulevard 2604
1 bed · 1 bath · 806 sqft · $459/sqft
$19,000 under the asking price
See every recorded sale in ZIP 33132 or find out what your ZIP 33132 home is worth.
