# 121 NE 5TH STREET, MIAMI, FL 33132

> **TL;DR:** 1bd/1ba condo, $488,000 ($1066/sqft), built 2025, 458 sqft.
> Waterfront. Est. $2,115/mo. Listed 44 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $488,000 |
| Price/sqft | $1066 |
| Bedrooms | 1 |
| Bathrooms | 1 full |
| Square Feet | 458 |
| Year Built | 2025 |
| Property Type | Condo (Condominium) |
| Status | For Sale |
| Days on Market | 44 |

## Why This Home Stands Out

- **Waterfront** - Direct water access

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,115 |
| **Total** | **$2,115** |

## Key Amenities

- Waterfront

## Property Highlights

- Built in 2025
- Waterfront

## Description

### Agent Description
Welcome to this brand new 501 First Residence Condominium a premier residential community in the heart of Miami.
 Unit 1500 is a well-designed studio residence offering 458 SF with an efficient open layout, floor-to-ceiling impact windows, and a private balcony providing natural light and urban city ambiance. Delivered fully furnished with a bed, mattress, desk, stools, and a sofa. Everything is brand new and this unit is ready for immediate rental income. 
This condominium offers amazing amenities: a rooftop pool on the 40th floor, an open-concept sunrise & sunset lounge on the 38th floor, a fitness room, shared workspaces, and a party room. The unit offers a 180-degree ocean view. Right downstairs you have the Miami Downtown light rail/Metro mover, and prime walkability to Miami World Center, Brightline Station, Bayfront Park, dining, entertainment. An ideal investment in one of Miami’s fastest-growing high demand short-term rental markets.

## Location

- **Address:** 121 NE 5TH STREET, MIAMI, FL 33132
- **County:** Miami-Dade
- **Neighborhood:** 501 FIRT RESIDENCES CONDOMINIUM
- **Coordinates:** 25.779342, -80.191684
- **Google Maps:** https://www.google.com/maps?q=25.779342,-80.191684

## Listing Agent

- **Name:** Ying Yan
- **Brokerage:** FLORIDA HOMES REALTY & MORTGAGE GVILLE
- **Phone:** 3523597708
- **Email:** yinggainesvillerealtor@gmail.com

## Primary Photo

![121 NE 5TH STREET - Primary Photo](http://lh.rdcpix.com/7ee6ef5930bc06b856e5663c00364b23l-f2564500259r.jpg)

*36 total photos available on [listing page](https://www.propertysimple.com/listing/121-ne-5th-street-miami-fl-33132-gc538024)*

---

**MLS#:** GC538024 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/121-ne-5th-street-miami-fl-33132-gc538024)

---

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