121 NE 5 # 2712, Miami FL 33132, MIAMI, FL, 33132
Active114 days on marketListed Apr 20, 2026MLS #A12004159
About this home
121 NE 5 # 2712, Miami FL 33132
Luxury 2-bedroom, 2-bath residence offering breathtaking water and city views. Available for both short- and long-term stays, fully furnished for a seamless move-in experience. Experience elevated urban living in the heart of vibrant Downtown Miami at 501 First Residences. This brand-new condo showcases floor-to-ceiling glass, a private balcony with stunning skyline vistas, sleek Italian cabinetry, premium appliances. Designed with sophistication and comfort in mind. Indulge in over 20,000 square feet of resort-style amenities, including a spectacular rooftop with a 75-foot lap pool, hot hydrotherapy bath, and dedicated sunrise and sunset decks with panoramic views. Stay active in the state-of-the-art fitness center by HOMAGE Fitness, complete with yoga and meditation spaces and private training rooms. Entertain or unwind in the elegant lounge featuring a private club suite, chef’s kitchen, media room, and a lush greenhouse retreat. This smart, amenity-rich tower is ideally located within walking distance of Bayside Marketplace, Bayfront Park, and the Kaseya Center, and just minutes from Brickell, the Design District, and South Beach. It is also conveniently located next to the main transportation system the metro-mover and within walking distance to Dining, entertainment and shopping stores. Move-in ready and impeccably styled.
Facts & features
The home at a glance
2
Bedrooms
2
Bathrooms
835
Sqft
1
Garage
2026
Year built
$8
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Principal and interest plus estimated taxes and insurance. Run your own numbers below.
$207 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
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
Estimated payment
$207/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. 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.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Miami actives
$8 vs $513
Days on market
114 vs 66 typical
Where $8/sqft sits among the 400 Miami actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Downtown
Get to know Miami. See the full Miami guide →
Downtown — neighborhood snapshot
Population
24,316
Median age
38
Median income
$108,427
Median home value
$557,583
Avg household
2
Households w/ children
1,166
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)
36 of 400
Miami actives have cut their price
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 98% below the MIAMI 33132 median. See the full Miami market guide →
Paper trail
This home's history
Reality check
What actually sold near 121 NE 5 # 2712
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$375,000
218 SE 14th St # 2208, Miami FL 33131
1 bd · 1 ba · 826 sqft · $454/sqft · 28 DOM
Sold · Oct ’25$390,000
218 SE 14th St # 1904, Miami FL 33131
1 bd · 1 ba · 820 sqft · $476/sqft · 81 DOM
Sold · Jun ’26$380,000
218 SE 14th St # 1504, Miami FL 33131
1 bd · 1 ba · 820 sqft · $463/sqft · 48 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
Yumiko Sugawara
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 121 NE 5 # 2712 — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 121 NE 5 # 2712 — before you fall in love.
See it in person
Schedule a tour
Live availability from Yumiko's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
121 NE 5 # 2712 FAQs
What would the monthly payment be for 121 NE 5 # 2712, Miami FL 33132?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $207/mo — principal and interest, estimated property taxes 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.
Are pets allowed at 121 NE 5 # 2712, 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 $6,500, this home is listed about 99% below 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 5 # 2712, Miami FL 33132?+
Frederick R. Douglass Elementary (elementary), District Instructional Center (Dic) (), Booker T. Washington Senior High (high), Jose De Diego Middle School (middle), 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
01Under the MIAMI 33132 market on paper
$6,500 is 98% below the MIAMI 33132 median of $410,000, and at $8/sqft it sits under the Miami average of $651.
02Waterfront living
This home sits directly on the water — the single scarcest feature in Florida inventory and the strongest long-term value anchor.
03The price has already moved
Listed at $11,700, now $6,500 — a $5K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of Global Prestige Real Estate LLC · Jessika Contreras. MLS #A12004159.
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®.
Never miss a listing
New Miami homes, in your inbox
Like 121 NE 5 # 2712, Miami FL 33132 but not quite? A daily digest of every new listing in Miami — straight from the MLS, hours after it goes live. Unsubscribe anytime.
Just watching this one home? Ask Yumiko to ping you on any price or status change →