MIAMI LUXHomes

121 NE 5th St # 1703, Miami, FL 33132

$549,9001 Beds2 Baths544 Sq. Ft.$1,011 / sq. ft.

Miami, FL 33132 · 501 First Residences

Status
Active
Type
Condominium
Year Built
2025
Days on Market
1
MLS #
A12110051
County
Miami-Dade County

About 121 NE 5th St # 1703, Miami, FL 33132

BRAND NEW CONSTRUCTION! Beautiful 1 Bed + DEN / 2 Baths. Fully furnished residence in the heart of Downtown Miami. Thoughtfully designed with premium finishes and designer furnishings. Outstanding investment potential. One of the few residences in the area with no rental restrictions, allowing short-term rentals, long-term rentals, seasonal use, or full-time owner occupancy with complete flexibility. Features include floor-to-ceiling impact glass, a private balcony, Italian cabinetry, premium appliances. Residents enjoy access to more than 20,000 square feet of resort-style amenities, including a rooftop pool, hydrotherapy spa, HOMAGE fitness center, yoga studio, entertainment lounges, co-working spaces, chef's kitchen, and much more. Easy to show.

How This Listing Compares in Miami

Per square foot, it is asking 155% above the Miami median for sales closed over the last twelve months — typical of premium views, newer construction or a top-tier building.

This homeMiami median (12 mo)
Price per sq. ft.$1,011$397
1-bedroom price$549,900$340,000
Days on market151

Medians from closed MLS sales in Miami; a starting point, not an appraisal.

Home Features at 121 NE 5th St # 1703, Miami, FL 33132

Bathrooms Full
2
Bathrooms Half
0
Interior Features
Other
Appliances
Dishwasher, Microwave, Refrigerator
Flooring
Ceramic Floor
Heating
Central
Cooling
Central Air
Architectural Style
High Rise
Garage Spaces
0
Parking Features
1 Space, Valet
Pool Private
No
Year Built Details
New Construction
Property Condition
New Construction

The Building at 121 NE 5th St # 1703, Miami, FL 33132

Building Name
501 First Residences
Building Area Total
544
Building Area Units
Square Feet
Stories Total
40
Entry Level
17
Association
Yes
Association Fee
$892
Association Fee Frequency
Monthly
Association Amenities
Barbecue, Business Center, Elevator(s), Exercise Room, Pool
Security Features
Elevator Secure, Card Entry

Lot, Views & Construction at 121 NE 5th St # 1703, Miami, FL 33132

Lot Size Square Feet
0
Waterfront
No
View
Skyline
Construction Materials
Concrete Block Construction
Exterior Features
Open Balcony
New Construction
Yes

Taxes & Public Record for 121 NE 5th St # 1703, Miami, FL 33132

Parcel Number
01-41-01-008-1160
Tax Annual Amount
0
Tax Year
2,026
Tax Legal Description
501 FIRST RESIDENCES CONDO UNIT 1703 UNDIV 0.22466% INT IN COMMON ELEMENTS OFF REC 35067-4463
County Or Parish
Miami-Dade County

Map & Neighborhood

121 NE 5th St # 1703, Miami, FL 33132 · More homes in Miami

Courtesy of Weichert Realtors Capella Estates

Comparable Listings in Miami

121 NE 5th St # 1703, Miami, FL 33132 at a Glance

Offered for sale in Miami 33132, 121 NE 5th St # 1703 is a condo with 1 bedroom, 2 bathrooms and about 544 square feet of living space, dating to 2025. The asking price is $549,900, on the market since October 20, 2026, with Weichert Realtors Capella Estates as the listing brokerage. Public schools are run by the Miami-Dade County school district. Ask Matthew Gromadzki for a private showing, the full disclosure package, or comparable sales before you make an offer.