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121 NE 5th Street 1506, Miami, FL 33132

$545,000

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https://www.propertypanorama.com/121-NE-5th-Street-Unit-1506-Miami-FL-33132/unbranded

Property Type: Residential Bedrooms: 1 Baths: 2 Square Footage: 511 Status: Active

Current Price: $545,000 List Date: 4/09/2026 Last Modified: 9/26/2026

Overview

Description

Prime investment opportunity in Downtown Miami at 121 NE 5th St, Unit 1506. Modern residence featuring floor-to-ceiling windows, private balcony, and sleek contemporary design. Ideal for primary living, vacation use, or income-producing investment. Located steps from Miami Worldcenter, Brightline, Bayside, top dining, entertainment, and major transit hubs. Positioned in one of Miami's fastest-growing urban corridors. Short-term rentals such as Airbnb allowed (verify building guidelines), offering exceptional income potential. Strong projected demand driven by Miami's expanding tourism market and upcoming global events including the FIFA World Cup. A rare opportunity to own a flexible, high-demand asset in the heart of Miami.

Supplements: Short-term rentals permitted (verify current building guidelines). Strong Airbnb income potential. Prime Downtown Miami location within walking distance to Miami Worldcenter, Kaseya Center, Brightline, PortMiami, and major attractions. High projected demand driven by continued tourism growth and upcoming global events including the FIFA World Cup.

Listing Details MLS# B26013348

General Property Information

Unit Floor #: 15
Property Sub Type: Condominium
Bedrooms Total: Yes
Bathrooms Total: 2
Bathrooms Full: Yes
Bathrooms Half: Yes
Building Area Main: 511
Building Area Source: Public Records
Living Area Main: 511
Living Area Source: Public Records
Accessibility Features YN: No
Year Built: 2025
Gated Community YN: Yes
Senior Community YN: No
Land Lease YN: No
Stories Total: 43
Stories: 43
Direction Faces: South
Fireplace YN: No
Pool Private YN: Yes
Furnished: Furnished
Washer/Dryer Allowed YN: Yes
Year Roof Installed: 2025
LP/Assessed Value: 0.13

Property Features

Application Information: 1-2 Weeks Approval Association Amenities: Gated; Maintenance; Security Association Fee Includes: Internet; Pool Service Dining Area: Dining/Living Room; Kitchen Dining Electric: 100 Amp Service Flooring: Ceramic Tile; Concrete; Tile Foundation Details: Concrete Perimeter Parking Features: Valet Property Condition: Resale Special Listing Conditions: Standard Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Freezer; Microwave; Oven; Refrigerator; Washer; Cooktop Architectural Style: Other Construction Materials: Stucco; Other Cooling: Central Individual Association Type: Condominium Heating: Central Individual Interior Features: Closet Cabinetry Laundry Features: Inside Levels: One Listing Terms: 1031 Exchange; Cash Main Living Area: Entry Level Pets Allowed YN: Yes Pets Allowed: No Restrictions Pool Features: Pool/Spa Combo Possession: Close Of Escrow Restrictions: Buyer Approval Required Roof: Other Security Features: Building Security; Carbon Monoxide Detector(s); Fire Alarm; Fire Sprinkler System; Key Card Entry Sewer: Public Sewer Structure Type: Multi Family Tax Information: City/County Unit Description: Condominium Hotel Utilities: Cable Available Water Source: Public Window Features: Blinds Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Room Types: Kitchen; Living Room; Master Bedroom

Contract Information

Comp Sale YN: No
Original List Price: 680000
Negotiable Seller Concessions YN: No
Occupant Type: Call Listing Agent
Listing Service: Full Service
Seller Represented YN: No

Location and Legal

Country: United States
County Or Parish: Miami-Dade
Street Number: 121
Street Direction Prefix: NE
Street Name: 5th
Street Suffix: Street
Unit Number: 1506
Municipality Type: Incorporated
Municipal Code: 01
State Or Province: FL
Postal Code: 33132
Postal Code +4: 2608
Subdivision Name: MIAMI
Area: 2410
Geographic Area: DADE
Special Assessment YN: No
Parcel Number: 0141010082160
Subdivision Number: 20
Zoning: 6401
Flood Zone: X

Financial Information

Association YN: Yes
Association Deposit YN: No
Association Fee: 893
Association Fee Frequency: Monthly
Association Membership: Mandatory
Application Required YN: Yes
Association Name: 501 Residences
Association Email: Management@501firstresidences.com
Master Association YN: No
Estimated Monthly Assoc Recurring Fee: 893
Membership Fee Required YN: No
Tax Annual Amount: 8000
Tax Year: 2026
Tax Assessed/SOH Value: 4200000
Tax Legal Description: MIAMI NORTH PB B-41 LOT 13 BLK 62 LESS S10FT FOR R/W LOT SIZE 7000 SQ FT M/L OR 17180-1196 0496 6
Assessor Market Value: 4200000

Status Change Information

Major Change Timestamp: 2026-09-21T15:40:14Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-09-21T15:40:14Z
Status Change Date: 2026-04-09

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Co-Ownership

Property Management YN: Yes
Property Management Name: Complete PM
Property Management Phone: 3059056790
Property Management Email: alberto@dtw.city

Main Level Rooms

Main Level Bathrooms: Yes
Main Level Bedrooms: Yes

Pet Details

Pet Fee YN: No

Price Calculations

Current Price To SqFt: 1330.72

Originating Details

Originating System Key: 20260409174739236817000000
Originating System ID: M00000170

Room Information

Room Name
Kitchen
Living Room
Master Bedroom

Listing Office: Complete Realty Group

Last Updated: September - 26 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

121 NE 5th Street 1506, Miami, FL 33132 (MLS# B26013348)