About this home
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,…
Facts & features
- MLS ID
- B26013348
- Property type
- Condominium
- Neighborhood
- Miami
- Building
- 501 FIRST Residences
- Year built
- 2026
- Beds
- 1
- Baths
- 1.5
- Half baths
- 1
- Interior
- 511 sq ft
- Price per sq ft
- $1,076
- HOA
- $893 per month
- Furnished
- Furnished
- Pets
- No
- Waterfront
- No
- Covered parking
- 0
- Floor
- 15
- Listed
- Apr 9, 2026
- Days on market
- 148
- Reduced from
- $680,000
- Property tax
- $8,000 per year (2026)
- Financing accepted
- Cash, Exchange1031
- Exposure
- Faces south
- Appliances
- Built in oven, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Self cleaning oven, Washer
- Interior features
- Bedroom on main level, Closet cabinetry, Kitchen dining combo, Living dining room, Main living area entry level
- Flooring
- Ceramic tile, Concrete, Tile
- Windows
- Blinds
- Parking
- Valet
- Pool
- Association, Community, Pool, Pool spa combo
- Security
- Building security, Fire alarm, Fire sprinkler system, Key card entry, Security gate, Smoke detectors
- Heating
- Central
- Cooling
- Central air, Electric
- HOA covers
- Association management, Internet, Pools, Security
Schools
Zoned public schools by county attendance boundary. Boundaries change — confirm enrollment eligibility with the school district before relying on this. Letter grades and School of Excellence designations are the Florida Department of Education’s, each for the year shown beside it.
- Elementary
- Douglass, Frederick ElementaryB2025-26Florida Department of Education school grade B, 2025-26 school year
- Middle
- de Diego, Jose MiddleB2025-26Florida Department of Education school grade B, 2025-26 school year
- High
- Washington, Booker T. Senior HighB2025-26Florida Department of Education school grade B, 2025-26 school year
Location
121 NE 5th Street 1506
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