$499,000
121 NE 5th Street 3405
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $499,000
- Price per sq ft
- $1,020
- Original price
- $588,000
- Days on market
- 76
This 1-bedroom condo in 501 First Residence is listed at $499,000, or $1,020 per square foot. The asking price has come down 15.1% from its original $588,000. It has been on the market for 76 days.
Estimated monthly payment
$2,622 /mo
Principal and interest only, based on $99,800 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $802/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $499,000
- Days on Site
- 76 Days
- Bedrooms
- 1
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 489 sqft
- Total Sq Ft
- 489 sqft
- Year Built
- 2025
- Property Type
- Condo
- MLS #
- A12054926
- HOA Fees
- $802 / Monthly
- Subdivision
- 501 First Residence
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
Experience elevated living in this spectacular high-floor residence at 501 First Residences, located in the heart of Downtown Miami. This modern unit features breathtaking skyline views, floor-to-ceiling impact windows, high ceilings, elegant finishes, and an open-concept layout designed for today's lifestyle. The contemporary kitchen offers premium cabinetry, quartz countertops, and stainless steel appliances, seamlessly connecting to the spacious living and dining areas.Enjoy world-class amenities, including a resort-style rooftop pool, state-of-the-art fitness center, yoga studio, co-working spaces, social lounges, game room, concierge, valet, and 24-hour security. Perfectly positioned just steps from Miami Worldcenter, Brightline, Kaseya Center, Bayside Marketplace, Museum Park, top restaurants, shopping, nightlife, and Miami's beautiful waterfront.One of the few luxury buildings allowing short-term rentals, this residence presents an exceptional opportunity for investors, seasonal owners, or anyone seeking maximum flexibility and income potential. Whether you're looking for a primary residence, vacation home, or high-performing investment property, this is your chance to own in one of Miami's fastest-growing and most exciting neighborhoods.
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
- Parking
- Valet
- Living Sq Ft
- 489
- Total Sq Ft
- 489
Interior Features
- Appliances
- Dishwasher / Disposal
- Cooling
- Other
- Heating
- Central
- Flooring
- Other
- Interior Features
- None / Other
Exterior Features
- Exterior Features
- None
- View
- Bay
Community & HOA
- HOA Fee
- $802 / Monthly
- Association Amenities
- Fitness Center / Maintenance Grounds
- Security
- Elevator Secured / Key Card Entry / Lobby Secured
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional / Cryptocurrency
- Restrictions
- Other Restrictions / Ok To Lease / Short Term Rentals Allowed
- MLS Area
- 2410
This home's HOA fee works out to $802 a month, in line with 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 5th Street 3405, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 121 NE 5th Street 3405, 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 3405, Miami, FL 33132 still available?
- 121 NE 5th Street 3405, Miami, FL 33132 is currently listed as Active, and has been on the market 76 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 3405, Miami, FL 33132?
- With 20% down ($99,800) on the $499,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 121 NE 5th Street 3405, Miami, FL 33132 is about $2,622/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 3405, 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 3405, 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 3405, Miami, FL 33132 have an HOA fee?
- Yes: 121 NE 5th Street 3405, Miami, FL 33132 carries an HOA fee of about $802 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 3405, Miami, FL 33132?
- 121 NE 5th Street 3405, 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 3405, Miami, FL 33132?
- Often, yes. The right offer on 121 NE 5th Street 3405, 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 Brosda & Bentley Realtors, LLC
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 July 19, 2026.
$499,000
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Listed by Ekaterina D Brosda, Brosda & Bentley Realtors, LLC
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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.
