Coconut Grove New Developments 2026: The Complete Guide to Every New Luxury Project

121 NE 5 ST # 1500
Miami, FL, 33132
$488,000
Beds
1 Baths
458 SqFt
0 Acres
Add
MLS #A11977341 image #0
Brand new studio at 501 First Residence Condominium in Downtown Miami. Unit 1500 offers 458 SF with floor to ceiling impact windows, private balcony and stunning 180 ` ocean city views . Fully furnished with brand new bed , mattress, desk, stools and sofa -Trunkey and ready for immediate rental income. Luxury amenities include a rooftop pool (40th floor) sunrise & sunset lounge (38th Floor) fitness center , coworking spaces and party room . Near Metro mover, Miami World Center , Brightline Station, Bayfront Park and entertainment. Prime opportunity in Maimi’s high – demand short-term rental market.

Property Details

Price:
$488,000
MLS #:
A11977341
Status:
Active
Beds:
0
Baths:
1
Type:
Condo
Subtype:
Condominium
Subdivision:
501 First Residence
Neighborhood:
501firstresidence
Listed Date:
Mar 1, 2026
Finished Sq Ft:
458
Total Sq Ft:
458
Year Built:
2025
WaterfrontNewconstruction501 First Residence501firstresidence501 First ResidenceDouglass; FrederickDe Diego; JoseWashington; Brooker TOkay To Lease 1st YearRestrictions Or Possible Restrictions

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Schools

Elementary School:
Douglass; Frederick
Middle School:
de Diego; Jose
High School:
Washington; Brooker T

Interior

Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator
Bathrooms
1 Full Bathroom
Cooling
Ceiling Fan(s), Central Air
Flooring
Ceramic Floor
Heating
Central, Electric
Interior Features
Lobby, First Floor Entry, Elevator, Skylight

Exterior

Association Amenities
Barbecue, Business Center, Community Room, Elevator(s), Exercise Room, Heated Pool, Sauna, Spa/Hot Tub
Attached Garage YN
1
Covered Spaces
1
Direction Faces
South
Exterior Features
East Of Us1, West Of Us1, Barbeque, Open Balcony
Garage Spaces
1
New Construction YN
1
Parking Features
1 Space, Valet
Patio And Porch Features
Open Balcony
Security Features
Smoke Detector, Doorman, Elevator Secure, Card Entry, Fire Alarm, Lobby Secured
View
Bay, Ocean View
Waterfront Features
Waterfront
Window Features
Skylight

Financial

HOA Fee
$674
HOA Fee Frequency
Monthly
Tax Year
2025
Taxes
$1,007

Map

Community

Subdivisions in Miami

Market Summary

Current real estate data for Condo in Miami as of Jun 16, 2026
4,812
Condo Listed
170
Avg DOM
673
Avg $ / SqFt
$998,046
Avg List Price

Property Summary

    Located in the 501 First Residence subdivision, 121 NE 5 ST # 1500 Miami FL is a Condo for sale in Miami, FL, 33132. It is listed for $488,000 and features 0 beds, 1 baths, and has approximately 458 square feet of living space, and was originally constructed in 2025. The current price per square foot is $1,066. The average price per square foot for Condo listings in Miami is $673. The average listing price for Condo in Miami is $998,046. To schedule a showing of MLS#a11977341 at 121 NE 5 ST # 1500 in Miami, FL, contact your Julien Drieu agent at 7862380927.

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