121 NE 5th St # 3703, Miami FL 33132, MIAMI, FL, 33132
Active39 days on marketListed Jul 7, 2026MLS #A12049623
About this home
121 NE 5th St # 3703, Miami FL 33132
DEVELOPER UNIT! 1 Bed + DEN / 2 Baths | 597 SF | Facing South Exceptional opportunity to own a brand-new, fully furnished residence in the heart of Downtown Miami. Thoughtfully designed with premium finishes and designer furnishings, this turnkey home offers both luxury and outstanding investment potential. One of the few residences in the area with no rental restrictions, allowing short-term rentals, long-term rentals, seasonal use, or full-time owner occupancy with complete flexibility. Ideally located in Miami Worldcenter, this residence is perfect for investors and end users alike. Features include floor-to-ceiling impact glass, a private balcony, Italian cabinetry, premium appliances, and designer furniture included in the sale. Residents enjoy access to more than 20,000 square feet of resort-style amenities, including a rooftop pool, hydrotherapy spa, HOMAGE fitness center, yoga studio, entertainment lounges, co-working spaces, chef's kitchen, and much more. Easy to show.
Facts & features
The home at a glance
1
Bedrooms
2
Bathrooms
597
Sqft
2025
Year built
$1,104
Per sqft
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.
$4,855 /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
$5,459/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.
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.
vs edgeAI estimate
+31.5%
$/sqft vs 501 First Residences
$1,104 vs $1,063
Days on market
39 vs 66 typical
Where $1,104/sqft sits among the 21 homes for sale in 501 First Residences
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)
1 of 21
501 First Residences have cut their price
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 61% 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 # 3703
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Jan ’26$503,000
121 NE 5TH STREET UNIT 0 · same community
1 bd · 2 ba · 597 sqft · $843/sqft · 0 DOM
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 · 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
Cindy Fernandez
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 121 NE 5th St # 3703 — 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 # 3703 — before you fall in love.
See it in person
Schedule a tour
Live availability from Cindy's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
121 NE 5th St # 3703 FAQs
What would the monthly payment be for 121 NE 5th St # 3703, Miami FL 33132?+
With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $4,855/mo — principal and interest, estimated property taxes, the $892/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 # 3703, Miami FL 33132?+
The association fee works out to $892 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 # 3703, 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.
How does the price compare to other homes in Miami?+
At $659,000, this home is listed about 8% 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 # 3703, 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
01Positioned at the premium end
$659,000 runs 61% above the MIAMI 33132 median.
02Other View views
The other view view is part of what you're buying — views hold value independently of the structure.
03Know the monthly fee
The association fee is $892/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 World Properties · Peggy Olin. MLS #A12049623.
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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