Skip to content
All listings
Active
Condominium
$594,000$1,092 / sqft

121 NE 5th St # 711, Miami FL 33132

In 501 First
1
Bedrooms
2
Bathrooms
544 sqft
Interior
2025
Year built
$892 / mo
HOA
Condominium
Type

About this home

SELLER MOTIVATED! PRICE REDUCED $69,000 FOR IMMEDIATE SALE. Rare opportunity to own one of Downtown Miami’s most investor-friendly residences. Brand-new, never occupied, and fully furnished with premium designer upgrades throughout. Truly turnkey—just bring your suitcase. Every detail has been thoughtfully curated to deliver a luxury experience for owners and guests alike. One of the few residences in the area with NO RENTAL RESTRICTIONS, allowing short-term rentals, long-term rentals, seasonal use, or owner occupancy with maximum flexibility. Ideal for investors seeking strong income potential in Miami’s rapidly growing Worldcenter district. Features 1 Bedroom + Den, 2 Full Bathrooms, floor-to-ceiling impact glass, private balcony, Italian cabinetry, premium appliances, and designer furnishings included in the sale. The versatile den easily functions as a guest room or home office. Enjoy over 20,000 SF of luxury amenities including rooftop pool, hydrotherapy spa, HOMAGE fitness center, yoga studio, entertainment lounges, co-working spaces, chef’s kitchen, and more. Seller may contribute up to $10,000 toward Buyer’s closing costs, subject to offer terms and lender approval. EASY TO SHOW. Bring all offers.

Features

  • Lobby
  • Closet Cabinetry
  • Custom Mirrors
  • Other
  • Pantry
  • Den/Library/Office
  • Barbeque
  • Open Balcony
  • Other View
  • Skyline

Location

Approximate — shows the building, not the unit. Open in maps (opens in a new tab)

Estimated loan & HOA

$3,896

Loan payment and HOA only. Property tax and insurance are significant here and are not included.

Principal & interest
$3,004
HOA
$892 / mo

Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.

Schedule a tour

Request a private or video tour with a local agent.

Courtesy of
Realty One Group Estates

Run the numbers

We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.

Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management

Cap rate
Cash-on-cash
Monthly cash flow
Net operating income

Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.

Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.

Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.