121 NE 5th ST # 1701, Miami FL 33132, MIAMI, FL, 33132
Active123 days on marketListed Apr 14, 2026MLS #A12000476
About this home
121 NE 5th ST # 1701, Miami FL 33132
Rare 2 Bed / 2 Bath corner residence at 501 First Residences, one of only two southeast-facing corner units in the building, offering some of the most desirable views of Biscayne Bay and the Downtown skyline. Located on the 21st floor, this unit features floor-to-ceiling impact windows, an open layout, Italian kitchen cabinetry, premium appliances, in-unit washer/dryer, and a spacious balcony. No rental restrictions—Airbnb allowed from day one. Delivered fully furnished and move-in ready. Enjoy 20,000+ SF of amenities including rooftop pool, fitness center, spa, co-working spaces, and valet. Prime Downtown location near Brickell, Miami Worldcenter, and Brightline, ideal as a primary residence, second home, or income-producing investment.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
1
Garage
2026
Year built
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$6,765 /mo · 10% down Conventional, 30-yr fixed at 6%
The assumptions
Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.
Estimated payment
$7,617/mo
Includes estimated PMI — it drops off once you reach 20% equity. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Where it sits
Inside Edgewater
Get to know Miami. See the full Miami guide →
Edgewater — neighborhood snapshot
Population
19,496
Median age
35
Median income
$117,257
Median home value
$420,344
Avg household
2
Households w/ children
1,579
For the school run
Dade County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Miami market
$508K → $590K
Miami median sold, yr/yr
97.6%
Sale-to-list ratio (12 mo)
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 127% above the MIAMI 33132 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 121 NE 5th ST # 1701
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jul ’26$391,000
121 NE 5th St # 912B, Miami FL 33132 · same community
0 bd · 1 ba · 458 sqft · $854/sqft · 53 DOM
Sold · Jan ’26$503,000
121 NE 5TH STREET UNIT 0 · same community
1 bd · 2 ba · 597 sqft · $843/sqft · 0 DOM
Sold · Dec ’25$218,900
800 N Miami Ave # 1201, Miami FL 33136
1 bd · 1 ba · 593 sqft · $369/sqft · 49 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Nicholas Giaccone
Director of Agent Success · CENTURY 21 Edge
Tours, negotiation, and every question about 121 NE 5th ST # 1701 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 121 NE 5th ST # 1701 — before you fall in love.
See it in person
Schedule a tour
Live availability from Nicholas's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
121 NE 5th ST # 1701 FAQs
What would the monthly payment be for 121 NE 5th ST # 1701, Miami FL 33132?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $6,765/mo — principal and interest, estimated property taxes, the $1,244/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 121 NE 5th ST # 1701, Miami FL 33132?+
The association fee works out to $1,244 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 121 NE 5th ST # 1701, Miami FL 33132?+
The most recent tax bill on record (2025) was $0. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 121 NE 5th ST # 1701, Miami FL 33132?+
The listing reports pets: Restrictions Or Possible Restrictions. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Miami?+
At $929,000, this home is listed about 52% above the Miami median of $610,000. The market section on this page shows how the area is trending.
Which schools are assigned to 121 NE 5th ST # 1701, Miami FL 33132?+
Eneida M. Hartner Elementary School (elementary), Jose De Diego Middle School (middle), District Instructional Center (Dic) (), Booker T. Washington Senior High (high), Instructional Center System Wide (), Title I Migrant Education Program () — Dade County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Positioned at the premium end
$929,000 runs 127% above the MIAMI 33132 median.
02Water View views
The water view view is part of what you're buying — views hold value independently of the structure.
03Know the monthly fee
The association fee is $1,244/mo. That usually buys real services — verify what's covered before comparing this home against fee-free alternatives.
Keep looking
Similar homes nearby
Listing courtesy of One Sotheby's International Realty · Mauricio Perez. MLS #A12000476.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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