Price Check
How this price compares
- List price
- $550,000
- Price per sq ft
- $1,011
- Vs. nearby sales
- 79.3% above
- Days on market
- 1
This 1-bedroom condo in ZIP 33132 is listed at $550,000, or $1,011 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 $564 per square foot, so the asking price is 79.3% above what comparable homes here actually sold for.
Estimated monthly payment
$2,890 /mo
Principal and interest only, based on $110,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance, and the $890/mo HOA are not included.
Customize this estimateListing Snapshot
- Price
- $550,000
- Days on Site
- 1 Days
- Bedrooms
- 1
- Total Baths
- 2
- Full Baths
- 2
- Partial Baths
- 0
- Living Area
- 544 sqft
- Total Sq Ft
- 544 sqft
- Year Built
- 2025
- Property Type
- Condo
- MLS #
- A12118129
- HOA Fees
- $890 / Monthly
- Subdivision
- 501 1ST AVE
- County
- Miami Dade
- Status
- Active
- Special Conditions
- Listed As Is
About This Property
501 First best floorplan!!! Modern 1 Bed + Den condominium located in the heart of Downtown Miami. This unit features no rental restrictions, making it ideal for short-term or long-term rental income or personal use with maximum flexibility. Delivered fully furnished in a brand-new building, presenting an excellent turnkey opportunity for the next owner. Residents enjoy incredible, top-of-the-line amenities designed to elevate the lifestyle experience, including resort-style common areas and premium building features that supports comfort, security and strong rental demand. With the best location this smart layout maximizes space and functionality. Situated steps from top dining, entertainment, shopping, and transit, this property represents a rare opportunity to own in a high-demand urban market with strong investment upside.
MLS media linkGeneral 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
- 544
- Total Sq Ft
- 544
Interior Features
- Appliances
- Dryer / Dishwasher / Electric Water Heater / Disposal
- Cooling
- Central Air
- Heating
- Central
- Flooring
- Ceramic Tile
- Interior Features
- Bedroom On Main Level / Closet Cabinetry / Bar
- Total Rooms
- 1
- Furnished
- Furnished
Exterior Features
- Construction
- Block
- Exterior Features
- Barbecue / Courtyard / Outdoor Living Area
- Architectural Style
- Other
- Patio & Porch
- Deck
- View
- Other
Community & HOA
- HOA Fee
- $890 / Monthly
- HOA Includes
- Common Areas / Cable Tv / Maintenance Grounds / Maintenance Structure
- Association Amenities
- Business Center / Cabana / Community Kitchen / Fitness Center / Elevators
- Security
- Closed Circuit Cameras / Elevator Secured / Lobby Secured
- Pets Allowed
- Yes
- Financing Terms
- Cash / Conventional
- Restrictions
- Other Restrictions
- MLS Area
- 2410
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
- $649,000
- Median $/Sq Ft
- $1,193
- Avg Days on Market
- 71
Frequently Asked Questions
- How do I schedule a tour of 121 NE 5th Street 802, Miami, FL 33132?
- Use the Tour button on this listing to request a showing of 121 NE 5th Street 802, 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 802, Miami, FL 33132 still available?
- 121 NE 5th Street 802, 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 802, Miami, FL 33132?
- With 20% down ($110,000) on the $550,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 121 NE 5th Street 802, Miami, FL 33132 is about $2,890/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 802, 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 802, 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 802, Miami, FL 33132 have an HOA fee?
- Yes: 121 NE 5th Street 802, Miami, FL 33132 carries an HOA fee of about $890 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 802, Miami, FL 33132?
- 121 NE 5th Street 802, 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 802, Miami, FL 33132?
- Often, yes. The right offer on 121 NE 5th Street 802, 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 Brickell Realty Group International
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 November 14, 2026.
$550,000
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Listed by Luisa F. Chacon, Brickell Realty Group International
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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 $570 per square foot. The most recent closed on November 9, 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$347,000
Sold · November 9, 2026
1750 N Bayshore Drive 3403
1 bed · 1 bath · 791 sqft · $439/sqft
$12,000 under the asking price
Sold$1,100,000
Sold · November 6, 2026
900 Biscayne Boulevard 2602
3 bed · 3 bath · 1,575 sqft · $698/sqft
$99,000 under the asking price
Sold$770,000
Sold · November 2, 2026
1900 N Bayshore Drive 5103
2 bed · 2.5 bath · 1,380 sqft · $558/sqft
$29,000 under the asking price
Sold$530,000
Sold · October 30, 2026
888 Biscayne Boulevard 2511
1 bed · 1.5 bath · 845 sqft · $627/sqft
$69,000 under the asking price
Sold$370,000
Sold · October 30, 2026
1800 N Bayshore Drive 4102
1 bed · 1 bath · 841 sqft · $440/sqft
$23,900 under the asking price
- Photo Coming SoonSold
$575,000
Sold · October 30, 2026
1600 NE 1st Avenue 3120
2 bed · 2 bath · 1,009 sqft · $570/sqft
See every recorded sale in ZIP 33132 or find out what your ZIP 33132 home is worth.
