121 NE 5th St # 2408, Miami FL 33132, MIAMI, FL, 33132
Active59 days on marketListed Jun 18, 2026MLS #A12039674
About this home
121 NE 5th St # 2408, Miami FL 33132
Available short-term and long-term. Price is based on long term. Wake up in the heart of Downtown Miami and enjoy everything the city has to offer right outside your door. This brand-new 1-bedroom, 1-bath residence at 501 First Residences combines modern design with everyday convenience, featuring sleek finishes, floor-to-ceiling windows, a spacious open layout, and a private balcony to take in the energy of the city. Whether you're a young professional working in Brickell, a student attending nearby universities, or someone looking for a stylish Miami pied-à-terre, this residence offers the perfect home base. Spend your mornings at a nearby café, catch a Heat game or concert just minutes away, hop on the Brightline for a weekend getaway, and come home to a building designed around comfort and lifestyle. Residents enjoy an impressive collection of amenities including a rooftop pool, fitness center, co-working spaces, social lounges, spa facilities, and 24-hour services. Located steps from Miami Worldcenter, Bayside, Bayfront Park, top restaurants, shopping, entertainment, and major transportation hubs. Be among the first to call one of Downtown Miami's newest addresses home.
Facts & features
The home at a glance
1
Bedrooms
1
Bathrooms
535
Sqft
2025
Year built
$7
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.
$189 /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
$189/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
$7 vs $511
Days on market
59 vs 66 typical
Where $7/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 99% 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 5th St # 2408
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Mar ’26$626,000
Nearby listing
1 bd · 1 ba · 578 sqft · $1,083/sqft
Sold · Feb ’26$696,900
Nearby listing
1 bd · 1 ba · 578 sqft · $1,206/sqft
Sold · Feb ’26$317,500
185 SE 14 Ter # 1709, Miami FL 33131
1 bd · 1 ba · 600 sqft · $529/sqft · 105 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 5th St # 2408 — 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 # 2408 — 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 5th St # 2408 FAQs
What would the monthly payment be for 121 NE 5th St # 2408, Miami FL 33132?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $189/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 5th St # 2408, Miami FL 33132?+
The listing reports pets: No. 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 $4,000, 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 5th St # 2408, 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.
Keep looking
Similar homes nearby
Listing courtesy of Sieber International, LLC · Vertika Sieber. MLS #A12039674.
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 5th St # 2408, 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 →