561121 NE 5th Street 1506, Miami, FL 33132
$665,000
Property Type:
Residential
Bedrooms:
1
Baths:
2
Square Footage:
511
Status:
Active
Current Price:
$665,000
List Date:
4/09/2026
Last Modified:
5/05/2026
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.
More Information MLS# B26013348
Contract Information
Comp Sale YN: No
Negotiable Seller Concessions YN: No
Occupant Type: Call Listing Agent
Seller Represented YN: No
Listing Date: 2026-04-09
Status: Active
Original List Price: 680000
List Price: $665,000
Current Price: $665,000
Listing Service: Full Service
Location and Legal
County Or Parish: Miami-Dade
Municipality Type: Incorporated
Municipal Code: 01
Geographic Area: DADE
Subdivision Number: 20
Special Assessment YN: No
Flood Zone: X
Country: United States
Street Number: 121
Street Direction Prefix: NE
Street Name: 5th
Street Suffix: Street
Unit Number: 1506
State Or Province: FL
Postal Code: 33132
Postal Code +4: 2608
Subdivision Name: MIAMI
Area: 2410
Parcel Number: 0141010082160
Zoning: 6401
General Property Information
Unit Floor #: 15
Living Area Main: 511
Living Area Source: Public Records
Accessibility Features YN: No
Gated Community YN: Yes
Lot Size Area: 0
Senior Community YN: No
Furnished: Furnished
Land Lease YN: No
Stories Total: 43
Stories: 43
Fireplace YN: No
Pool Private YN: Yes
Washer/Dryer Allowed YN: Yes
Year Roof Installed: 2025
LP/Assessed Value: 0.16
Property Sub Type: Condominium
Bedrooms Total: 1
Bathrooms Total: 2
Bathrooms Full: 1
Bathrooms Half: 1
Building Area Main: 511
Building Area Source: Public Records
Year Built: 2025
Direction Faces: South
Financial Information
Association Deposit YN: No
Application Required YN: Yes
Association Membership: Mandatory
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 Assessed/SOH Value: 4200000
Assessor Market Value: 4200000
Association YN: 1
Association Fee: 893
Association Fee Frequency: Monthly
Tax Annual Amount: 8000
Tax Year: 2026
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
Office/Member Information
DXORIGMLSID: RML
Application Fee Details
Application Fee Required: Yes
Application Fee: 150
Application Information
1-2 Weeks Approval: 1
Amenities
Billiard Room: 1
Business Center: 1
Community Room: 1
Fitness Center: 1
Game Room: 1
Internet Included: 1
Management: 1
Manager On Site: 1
Pool: 1
Spa/Hot Tub: 1
Trash Chute: 1
Association Amenities
Gated: 1
Maintenance: 1
Security: 1
Association Fee Includes
Internet: 1
Pool Service: 1
Dining Area
Dining/Living Room: 1
Kitchen Dining: 1
Electric
100 Amp Service: 1
Flooring
Ceramic Tile: 1
Concrete: 1
Tile: 1
Foundation Details
Concrete Perimeter: 1
Parking Features
Valet: 1
Property Condition
Resale: 1
Special Listing Conditions
Standard: 1
Co-Ownership
Property Management YN: Yes
Property Management Name: Complete PM
Property Management Phone: 3059056790
Property Management Email: alberto@dtw.city
Structure Type
Multi Family: 1
Possession
Close Of Escrow: 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
View
City: 1
Heating
Central Individual: 1
Unit Description
Condominium Hotel: 1
Window Features
Blinds: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Electric Cooktop: 1
Freezer: 1
Microwave: 1
Oven: 1
Refrigerator: 1
Washer: 1
Cooktop: 1
Construction Materials
Stucco: 1
Other: 1
Interior Features
Closet Cabinetry: 1
Laundry Features
Inside: 1
Levels
One: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Pool Features
Pool/Spa Combo: 1
Roof
Other: 1
Security Features
Building Security: 1
Carbon Monoxide Detector(s): 1
Fire Alarm: 1
Fire Sprinkler System: 1
Key Card Entry: 1
Water Source
Public: 1
Architectural Style
Other: 1
Cooling
Central Individual: 1
Electric: 1
Association Type
Condominium: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Main Level Rooms
Main Level Bathrooms: 1
Main Level Bedrooms: 1
Main Living Area
Entry Level: 1
Master Bedroom/Bath
Bedroom On Entry Level: 1
Pets Allowed YN
Yes: 1
Pets Allowed
No Restrictions: 1
Pet Details
Pet Fee YN: No
Restrictions
Buyer Approval Required: 1
Tax Information
City/County: 1
Showing Details
Pet(s) on Premises: No
Room Types
Kitchen: 1
Living Room: 1
Master Bedroom: 1
Price Calculations
Current Price To SqFt: 1330.72
Status Change Information
Major Change Timestamp: 2026-05-05T19:24:42Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-05-05T19:24:42Z
Status Change Date: 2026-04-09
Originating Details
Originating System Key: 20260409174739236817000000
Originating System ID: M00000170
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
Room Information
Kitchen
Living Room
Master Bedroom
Listing Office:
Complete Realty Group
Last Updated: May - 05 - 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.
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