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Active - Condominium for sale

121 NE 5TH STREET UNIT 1500, Miami, FL

1 bd|1 bth|458 sqft

Facts & features

Condominium Property type
257 days on Beycome
2025 Year built
$1,044 Price/Sqft.
1 car garage Parking

Why you’ll love it

A big price improvement ! 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.

Translating description...

Listings courtesy of FLORIDA HOMES REALTY & MORTGAGE GVILLE as distributed by MLS GRID.

Listed by: Ying Yan • yinggainesvillerealtor@gmail.com • FLORIDA HOMES REALTY & MORTGAGE GVILLE

Co-listed by: FLORIDA HOMES REALTY & MORTGAGE GVILLE

Source: Stellar MLS as distributed by MLS GRID, MLS#: GC538024 Stellar MLS as distributed by MLS GRID logo

Based on info available as of Nov 13, 2026 at 12:33 PM EST.

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Affordability

$310,000$645,000
1%20%
0%90%
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Estimated monthly payment

$2,418/mo

  • Mortgage$2,417
  • Property tax$1
  • HOA fee
  • Homeowners insurance
Due at closing$380,010
Down payment held in escrow$95,600
Closing costs$7,170
beycome credit Est.$9,560

Beycome estimates only. Actual amounts and terms vary by lender and location.

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Travel times

About 501 Firt Residences Condominium

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Flood & climate risk

FEMA Flood Zone X

Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.

More details

Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.

Disclaimer

Based on information submitted to the MLS GRID as of Nov 13, 2026 at 12:33pm EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

$478,000 Listed price

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$9,560 Credit back

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