Condominium
121 NE 5th St # 1703
121 NE 5th St # 1703, Miami FL 33132 Get directions
$549,900
1 Bed · 2 Baths · 544 SqFt
See estimated monthly costThis listing is courtesy of Weichert Realtors Capella Estates. Alejandra Restrepo
Overview
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.
Facts & features
Interior
- Living area (sq ft)
- 544
- Full bathrooms
- 2
- Other
Building & exterior
- Year built
- 2025
- Skyline
- Open Balcony
- 1 Space
- Valet
HOA (homeowners association)
- Association fee
- $892 per month
- Pets allowed
- Yes
- Barbecue
- Business Center
- Elevator(s)
- Exercise Room
- Pool
- Corporate Buyer OK
- Daily Rentals Allowed
- No Restrictions
Taxes
- Annual tax
- $0
- Tax year
- 2026
- Parcel number
- 01-41-01-008-1160
Listing
- MLS number
- A12110051
- Property type
- Condominium
- Price per SqFt
- $1,011
- Subdivision
- 501 First Residences Condo
- On market since
- Oct 20, 2026
- Days on market
- 1
Estimated monthly cost
$4,085 per month
- Principal & interest (30 yr)
- $2,781
- Property tax
- $0
- Insurance (estimated)
- $412
- Association fee
- $892
An estimate for comparison only — not a loan offer, a quote, or a commitment to lend. Actual taxes, insurance and financing terms will differ.
Location
Nearby schools
- New World School of the Arts
- School For Advanced Studies Wolfson
- Law Enforcement Officers Memorial Senior High
- Downtown Miami Charter School
- RJW The Academy of Arts Sciences
- School Board Adm - Main Building
- Anna Brenner Meyers Telecommunication Complex
- K-12 Distance Learning
- Frederick Douglass Elementary
- Miami-Dade Online Academy
- iPrep Academy
- Primary Learning Center
- School Board Adm -Garage
- Chapman Partnership Early Childhood Center North
- Key Point Academy Downtown
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