$485,000
121 NE 5th Street 1813
501 RESIDENCES
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $485,000
- Price per sq ft
- $913
- Vs. nearby sales
- 69.7% above
- Days on market
- 1
This 1-bedroom condo in ZIP 33132 is listed at $485,000, or $913 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 $538 per square foot, so the asking price is 69.7% above what comparable homes here actually sold for.
Estimated monthly payment
$2,549 /mo
Principal and interest only, based on $97,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $875/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $485,000
- Days on Site
- 1 Days
- Bedrooms
- 1
- Total Baths
- 2
- Full Baths
- 1
- Partial Baths
- 1
- Living Area
- 531 sqft
- Total Sq Ft
- 531 sqft
- Year Built
- 2025
- Property Type
- Condo
- MLS #
- A12100451
- Property Tax
- $8,329 (2025)
- HOA Fees
- $875 / Monthly
- Subdivision
- 501 RESIDENCES
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
PRIME INVESTMENT OPPORTUNITY AT 501 FIRST RESIDENCES! OWN A PIECE OF MIAMI IN THE HEART OF DOWNTOWN! Competitively priced and offered fully furnished, this 1-bedroom, 1.5-bath residence features 582 SF of thoughtfully designed living space in one of Miami’s newest short-term rental-friendly developments. ALREADY OPERATING ON SHORT-TERM RENTAL PLATFORMS with a strong reported performance history! Operating financials and rental reports available to serious buyers upon request. A fantastic opportunity for investors seeking an established rental operation rather than starting from scratch! Enjoy contemporary finishes, a modern kitchen, floor-to-ceiling windows and resort-style amenities, including a spectacular rooftop pool overlooking Miami’s skyline, fitness facilities and inviting social spaces. UNBEATABLE DOWNTOWN LOCATION near Miami Worldcenter, Kaseya Center, Brightline, Bayside Marketplace, PortMiami’s cruise terminals, shopping, dining and entertainment, with Miami International Airport approximately 5 miles away. Continue with the existing property management team or explore your preferred operator, subject to applicable requirements. COMPETITIVELY PRICED FOR ITS SIZE! FINANCIALS AVAILABLE! MOTIVATED SELLER! AN EXCEPTIONAL TURNKEY INVESTMENT OPPORTUNITY. PRICED TO SELL!UPDATED PHOTO OF THE BUILDING'S RESORT AMENITIES COMING THIS WEEK! STAY TUNED!!
Virtual TourGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2025
- Property Condition
- New Construction
- New Construction
- Yes
- Number of Stories
- 40
- Garage Spaces
- 0
- Parking
- Valet
- Living Sq Ft
- 531
- Total Sq Ft
- 531
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Electric Water Heater / Disposal / Ice Maker / Microwave
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Tile
- Interior Features
- Bedroom On Main Level / Entrance Foyer / Living Dining Room / Tub Shower
Exterior Features
- Construction
- Block
- Exterior Features
- Balcony / Lighting / Outdoor Living Area
- Pool Features
- Association / Heated
- Patio & Porch
- Open / Balcony
- View
- Other / Water
Community & HOA
- HOA Fee
- $875 / Monthly
- HOA Includes
- Hot Water / Internet / Pools / Sewer / Security / Trash / Water
- Association Amenities
- Bike Storage / Business Center / Clubhouse / Community Kitchen / Elevators / Fitness Center / Maintenance Grounds / Picnic Area / Pool / Sauna / Spa Hot Tub / Trash
- Security
- Security System / Closed Circuit Cameras / Elevator Secured / Fire Alarm / Fire Sprinkler System / Key Card Entry / Lobby Secured
- Utilities
- Cable Available
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- No Restrictions / Okay To Lease1st Year / Ok To Lease / Short Term Rentals Allowed
- MLS Area
- 2410
Schools
- Elementary School
- Frederick Douglass
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
About the Area
Browse Miami homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Miami includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Miami listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 11,978
- Median List Price
- $639,000
- Median $/Sq Ft
- $497
- Avg Days on Market
- 139
Frequently Asked Questions
- How do I schedule a tour of 121 NE 5th Street 1813, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 121 NE 5th Street 1813, 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 1813, Miami, FL 33132 still available?
- 121 NE 5th Street 1813, 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 1813, Miami, FL 33132?
- With 20% down ($97,000) on the $485,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 121 NE 5th Street 1813, Miami, FL 33132 is about $2,549/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 1813, 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 1813, 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 1813, Miami, FL 33132 have an HOA fee?
- Yes: 121 NE 5th Street 1813, Miami, FL 33132 carries an HOA fee of about $875 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 1813, Miami, FL 33132?
- 121 NE 5th Street 1813, 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 1813, Miami, FL 33132?
- Often, yes. The right offer on 121 NE 5th Street 1813, 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 Luxe Properties
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 October 5, 2026.
$485,000
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Listed by Monica Norena, Luxe Properties
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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 $544 per square foot. The most recent closed on October 2, 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$2,200,000
Sold · October 2, 2026
488 NE 18th Street 3715
3 bed · 4 bath · 2,018 sqft · $1,090/sqft
$75,000 under the asking price
Sold$700,000
Sold · September 30, 2026
888 Biscayne Boulevard 2701
2 bed · 2 bath · 1,315 sqft · $532/sqft
$20,000 under the asking price
Sold$350,000
Sold · September 30, 2026
1750 N Bayshore Drive 4912
1 bed · 1 bath · 791 sqft · $442/sqft
$33,000 under the asking price
Sold$2,025,000
Sold · September 30, 2026
488 NE 18th Street 715
3 bed · 4 bath · 2,018 sqft · $1,003/sqft
$74,000 under the asking price
Sold$270,000
Sold · September 30, 2026
234 NE 3rd Street 909
1 bed · 1 bath · 625 sqft · $432/sqft
$19,000 under the asking price
Sold$415,000
Sold · September 30, 2026
1900 N Bayshore Drive 504
1 bed · 1 bath · 763 sqft · $544/sqft
$10,000 under the asking price
See every recorded sale in ZIP 33132 or find out what your ZIP 33132 home is worth.
