121 NE 5TH STREET UNIT 1413, MIAMI, FL, 33132
Active2 days on marketListed Oct 20, 2026MLS #O6451328
About this home
121 NE 5TH STREET UNIT 1413
Furnished 1-bedroom, 1.5-bath residence on the 14th floor of 501 First Residences, downtown Miami's newest residential tower, completed in 2025. Enjoy views of Biscayne Bay and the Miami skyline from the living area and private balcony. Sold fully furnished with a complete appliance package, in-unit washer and dryer, and 1 parking space included. Resort-style amenities include a rooftop pool deck, fitness center, clubhouse with sunset lounge, co-working spaces, a library, and an on-site pet spa, plus 24-hour concierge and security. The HOA fee includes water and internet. Short-term rentals are permitted and the unit is currently operated as a short-term rental — an ideal opportunity for investors or as a Miami pied-a-terre, just steps from Bayfront Park, the Kaseya Center, Bayside Marketplace, and the Metrorail. Information deemed reliable but not guaranteed; buyer to verify all details.
Facts & features
The home at a glance
1
Bedrooms
1.5
Bathrooms
531
Sqft
0 ac
Lot size
2025
Year built
One
Levels
$998
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 — not generic estimates.
$4,835 /mo · 3.5% down FHA, 30-yr fixed at 7.5%
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
$4,835/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Can I afford this home? → See what you can comfortably afford from your income, debts and savings.
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
$998 vs $398
Days on market
2 vs 44 typical
Where $998/sqft sits among the 34 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 → $688K
Miami median sold, yr/yr
97.9%
Sale-to-list ratio (12 mo)
15 of 34
Miami actives have cut their price
Median sold price, Miami, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 5% 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 STREET UNIT 1413
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Nov ’25$385,000
1800 N BAYSHORE DRIVE UNIT 3704
1 bd · 1 ba · 842 sqft · $457/sqft · 19 DOM
Sold · Jan ’26$296,318
253 NE 2ND STREET UNIT 622
1 bd · 1.5 ba · 978 sqft · $303/sqft · 0 DOM
Sold · Jul ’26$700,000
1040 BISCAYNE BOULEVARD UNIT 1406
2 bd · 2.5 ba · 1,123 sqft · $623/sqft · 0 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
Bridget McLennon
Real Estate Agent · CENTURY 21 Edge
Tours, negotiation, and every question about 121 NE 5TH STREET UNIT 1413 — 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 STREET UNIT 1413 — before you fall in love.
See it in person
Schedule a tour
Live availability from Bridget's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
121 NE 5TH STREET UNIT 1413 FAQs
What would the monthly payment be for 121 NE 5TH STREET UNIT 1413?+
With 3.5% down on a 30-year FHA loan at 7.5%, the all-in payment lands around $4,835/mo — principal and interest, the actual property-tax bill 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.
What are the property taxes on 121 NE 5TH STREET UNIT 1413?+
The most recent tax bill on record (2026) was $9,633. 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 STREET UNIT 1413?+
The listing reports pets: Cats OK, Dogs OK. 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 $529,900, this home is priced right at the Miami median.
Which schools are assigned to 121 NE 5TH STREET UNIT 1413?+
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 FLORIDA HOMES REALTY & MORTGAGE · Jing Wang. MLS #O6451328.
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 Stellar MLS.
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