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Active Condominium
$850,000
121 NE 5 ST # 3112, Miami FL 33132, Miami, FL 33132
2 Beds
Bedrooms
2 Baths
Bathrooms
757 sqft
Living Area
2025
Year Built
Market Insight

The listing price is 15.2% above the average comparable sale price per square foot. It is priced $407,500 above the median comparable closed price.

About This Property

This stunning unit located at 501 First Residences in the heart of Downtown Miami offers an exceptional opportunity for both investors and end users. The residence features a sleek contemporary design with high-quality finishes, floor-to-ceiling windows, and open city views, along with beautiful water views of Biscayne Bay that provide abundant natural light. The building allows short-term rentals with no restrictions, making it ideal for generating income through platforms like Airbnb or traditional leasing. The unit offers an efficient layout, a fully equipped kitchen, and bright, comfortable living spaces, along with access to top-tier amenities. Residents enjoy a resort-style pool, fitness center, social areas, and 24/7 security, all within close proximity to Brickell, Miami World Center, public transportation, shopping, and dining. Perfect as a primary residence, vacation home, or high-performing investment property in one of Miami’s fastest-growing neighborhoods.

Property Details

Property Type Condominium
Days on Market 44 days
HOA Fee $1,240/mo
Parking — spaces
Pool No
Waterfront No
Community 501 FIRST RESIDENCES CONDO
Pets Allowed Yes

Assigned Schools

Verify with District ↗
School Grades Address Report Card
Douglass, Frederick Elementary
Elementary 305-371-4687
K-5
314 NW 12 St., Miami, FL 33136
de Diego, Jose Middle
Middle 305-573-7229
6-8
3100 NW 5 Ave., Miami, FL 33127
Washington, Booker T. Senior High
High School 305-324-8900
9-12
1200 NW 6th Ave., Miami, FL 33136

Source: County GIS attendance zone boundaries. Assignments are based on property location and may change. Use Miami-Dade County Public Schools's official locator to confirm.

Location

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Comparable Sales

10 closed sales · 1-mile radius · last 12 months · Miami

Est. Market Value
$428,779
Range: $420,000 – $475,000
Listed 98.2% above estimated market value ($421,221 over comps). Buyers should negotiate.
Address
Closed
Price
Beds
Baths
Sqft
vs Ask
398 NE 5th St # 4507, Miami FL 33132
MAP OF MIAMI DADE CO. FL. · 2022
$520,000
Apr 23, 2026
$560,000
$1,176/sf
1
1
442
-7.1%
398 NE 5th St # 1905, Miami FL 33132
MAP OF MIAMI DADE CO. FL. · 2022
$420,000
Apr 20, 2026
$450,000
$950/sf
1
1
442
-6.7%
398 NE 5th St # 3406, Miami FL 33132
THE ELSER · 2022
$450,000
Jan 21, 2026
$499,000
$1,016/sf
1
1
443
-9.8%
398 NE 5th Street # 2506, Miami FL 33132
The Elser · 2022
$475,000
Dec 12, 2025
$489,000
$1,072/sf
1
1
443
-2.9%
398 NE 5th St # 1803, Miami FL 33132
MAP OF MIAMI DADE CO. FL. · 2022
$435,000
Dec 11, 2025
$500,000
$991/sf
1
1
439
-13%
398 NE 5 ST 1906, Miami FL 33132
County records · 2022
$475,000
Dec 18, 2025
$1,072/sf
1
1
443
398 NE 5 ST 2506, Miami FL 33132
County records · 2022
$475,000
Dec 12, 2025
$1,072/sf
1
1
443
151 SE 1st St # 1706, Miami FL 33131
CENTRO CONDO · 2016
$305,000
Oct 13, 2025
$330,000
$709/sf
1
1
430
-7.6%
398 NE 5th St # 3707, Miami FL 33132
MAP OF MIAMI DADE CO. FL. · 2022
$460,000
Jul 24, 2025
$499,000
$1,041/sf
1
1
442
-7.8%
227 NE 2nd St # 2601, Miami FL 33132
MAP OF MIAMI DADE CO. FL.,Yotel Pad Condo · 2022
$385,000
Apr 15, 2026
$410,000
$846/sf
1
1
455
-6.1%
$442,500
Median Sale
$431,250
Trimmed Avg
$975/sf
Avg $/sqft
8 sales
Comps Found

Comp data from Miami MLS. Estimate is automated and does not account for condition, upgrades, or lot features. For a full CMA, contact Dayron Crespo, Broker.

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