$970,000
121 NE 5th Street 2401
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $970,000
- Price per sq ft
- $1,276
- Original price
- $1,050,000
- Days on market
- 107
This 2-bedroom condo in ZIP 33132 is listed at $970,000, or $1,276 per square foot. The asking price has come down 7.6% from its original $1,050,000. It has been on the market for 107 days.
Estimated monthly payment
$5,098 /mo
Principal and interest only, based on $194,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $1,224/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $970,000
- Days on Site
- 107 Days
- Bedrooms
- 2
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 760 sqft
- Total Sq Ft
- 760 sqft
- Year Built
- 2025
- Property Type
- Condo
- MLS #
- A12033053
- HOA Fees
- $1,224 / Monthly
- Subdivision
- 501 FIRST RESIDENCES CONDO
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
Exceptional investment opportunity at 501 First Residences, a newly delivered luxury tower in the heart of Downtown Miami. This high-floor 2BR/2BA residence offers modern finishes, floor-to-ceiling impact glass, a private balcony with skyline views, and a turnkey layout ideal for income production. The building is designed for flexible short-term rentals, allowing daily or short stays, making it highly attractive for Airbnb -style income strategies. Strong demand from tourist, business travelers, and the Miami World center district supports consistent occupancy potential. Residents enjoy resort-style amenities including rooftop pool, fitness center, co-working spaces, concierge, and 24 hour security. Unbeatable location steps form Miami Worldcenter, Brightline, Kaseya Center, Bayfront Park, etc.
MLS media linkGeneral Features
- Property Type
- Condo
- Status
- Active
- Year Built
- 2025
- Property Condition
- Resale
- Number of Stories
- 40
- Garage Spaces
- 1
- Parking
- Valet
- Living Sq Ft
- 760
- Total Sq Ft
- 760
Interior Features
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Other
- Interior Features
- Bedroom On Main Level / Elevator
Exterior Features
- Construction
- Block
- Exterior Features
- None
- View
- Other
Community & HOA
- HOA Fee
- $1,224 / Monthly
- Association Amenities
- Elevators / Other
- Community Features
- Other
- Security
- Security System / Elevator Secured / Security Guard
- Pets Allowed
- No
- Financing Terms
- Assumable / Cash
- Restrictions
- Limited Number Vehicles / Ok To Lease
- MLS Area
- 2410
This home's HOA fee works out to $1,224 a month, 46% above the $839 median across 3 homes for sale in this community. See the community's HOA fees
Schools
- Elementary School
- Frederick Douglass
- Middle School
- Jose De Diego
- High School
- Booker T. Washington
About the Community
- Homes for Sale
- 3
- Under Contract
- 0
- Median List Price
- $570,000
- Median $/Sq Ft
- $1,251
- Avg Days on Market
- 59
Frequently Asked Questions
- How do I schedule a tour of 121 NE 5th Street 2401, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 121 NE 5th Street 2401, 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 2401, Miami, FL 33132 still available?
- 121 NE 5th Street 2401, Miami, FL 33132 is currently listed as Active, and has been on the market 107 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 2401, Miami, FL 33132?
- With 20% down ($194,000) on the $970,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 121 NE 5th Street 2401, Miami, FL 33132 is about $5,098/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 2401, 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 2401, 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 2401, Miami, FL 33132 have an HOA fee?
- Yes: 121 NE 5th Street 2401, Miami, FL 33132 carries an HOA fee of about $1,224 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 2401, Miami, FL 33132?
- 121 NE 5th Street 2401, 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 2401, Miami, FL 33132?
- Often, yes. The right offer on 121 NE 5th Street 2401, 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 BHHS EWM Realty
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.
$970,000
Interested in This Property?
Contact us to schedule a showing or ask a question.
Own a home near this one? See what it would sell for today
Listed by Marla Carolina Rivas, BHHS EWM Realty
Map & Location
Featured Communities
Cities in Miami-Dade County
Zip Codes in Miami-Dade County
Property Types
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.
