$500,000
121 NE 5th Street 3704
Explore the area: Miami homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $500,000
- Price per sq ft
- $1,244
- Original price
- Unchanged
- Days on market
- 77
This condo in 501 First Residences is listed at $500,000, or $1,244 per square foot. It has been on the market for 77 days.
Estimated monthly payment
$2,628 /mo
Principal and interest only, based on $100,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $589/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $500,000
- Days on Site
- 77 Days
- Bedrooms
- 0
- Total Baths
- 1
- Full Baths
- 1
- Partial Baths
- 0
- Living Area
- 402 sqft
- Total Sq Ft
- 440 sqft
- Year Built
- 2025
- Property Type
- Condo
- MLS #
- A12050355
- HOA Fees
- $589 / Monthly
- Subdivision
- 501 First Residences
- Development
- 501 First Residences
- County
- Miami Dade
- Status
- Active
About This Property
BRAND NEW CONSTRUCTION! DEVELOPER UNIT! Studio / 1 Bath | 402 SF | South-FacingExceptional opportunity to own a brand-new, fully furnished residence in the heart of Downtown Miami. Thoughtfully designed with premium finishes throughout and move-in ready, offering outstanding investment potential.One of the few residences in the area with no rental restrictions, allowing short-term rentals. Ideally located in the vibrant Miami Worldcenter district.The residence features floor-to-ceiling impact-resistant glass, a private balcony, Italian cabinetry, high-end appliances, and designer furnishings included in the sale.Residents enjoy over 20,000 square feet of resort-style amenities, including a rooftop pool, hydrotherapy spa, HOMAGE fitness center, yoga studio, entertainment lounges, coworking spaces, a chef's kitchen, and much more.Easy to show. Photos may not reflect the exact view or orientation of the residence but accurately represent the same floor plan and layout. Please refer to the floor plan for specific details and dimensions.
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
- 402
- Total Sq Ft
- 440
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Range / Disposal / Ice Maker / Refrigerator / Washer
- Cooling
- Central Air
- Heating
- Other
- Flooring
- Other
- Interior Features
- Elevator / Other
- Windows
- Other
Exterior Features
- Construction
- Other
- Exterior Features
- Barbecue / Courtyard / Outdoor Living Area / Other
- Architectural Style
- Other
- Pool Features
- Association
- View
- Other
Community & HOA
- HOA Fee
- $589 / Monthly
- HOA Includes
- Common Areas / Security
- Association Amenities
- Business Center / Clubhouse / Fitness Center / Maintenance Grounds / Management / Other / Picnic Area / Pool / Elevators
- Security
- Security System / Closed Circuit Cameras / Elevator Secured / Key Card Entry / Other / Smoke Detectors / Security Guard
- Pets Allowed
- Yes
- 55+ Community
- Yes
- Financing Terms
- Cash / Conventional / FHA / Other
- Restrictions
- Other Restrictions
- MLS Area
- 2410
This home's HOA fee works out to $589 a month, 21% below the $750 median across 31 homes for sale in 501 First Residences. See 501 First Residences 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
- 31
- Under Contract
- 1
- Median List Price
- $520,000
- Median $/Sq Ft
- $1,091
- Avg Days on Market
- 126
Frequently Asked Questions
- How do I schedule a tour of 121 NE 5th Street 3704, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 121 NE 5th Street 3704, 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 3704, Miami, FL 33132 still available?
- 121 NE 5th Street 3704, Miami, FL 33132 is currently listed as Active, and has been on the market 77 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 3704, Miami, FL 33132?
- With 20% down ($100,000) on the $500,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 121 NE 5th Street 3704, Miami, FL 33132 is about $2,628/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 3704, 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 3704, 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 3704, Miami, FL 33132 have an HOA fee?
- Yes: 121 NE 5th Street 3704, Miami, FL 33132 carries an HOA fee of about $589 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 3704, Miami, FL 33132?
- 121 NE 5th Street 3704, 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 3704, Miami, FL 33132?
- Often, yes. The right offer on 121 NE 5th Street 3704, 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 One World 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 July 19, 2026.
$500,000
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Listed by Peggy Michelle Olin, One World Properties
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Recent Sales
Recently sold homes in 501 First Residences
These are the last 2 recorded closings in 501 First Residences, 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 Residences or find out what your 501 First Residences home is worth.
