$409,000
Miami, FL 33132
MLS# A12015916
Status: Active Under Contract
1 baths
1 / 9
Property Description
Unit 709 presents a opportunity in one of Miami’s most sought-after new developments. This 2025-built studio is designed for maximum utility and appeal in the high-demand Downtown rental market. A thoughtfully designed open studio layout providing 359 square feet of interior living space. Unlike typical urban studios, this unit features a deep 38-square-foot balcony, extending the living area into the city atmosphere. Fully equipped with contemporary Italian cabinetry, premium integrated appliances, and an in-unit washer and dryer. Situated at 121 NE 5th St, residents are positioned at the epicenter of Miami's urban evolution. Steps from the multi-billion dollar Miami Worldcenter project, ensuring long-term desirability and infrastructure support. Directly adjacent to the Brightline station and Metro Mover, providing effortless access to the wider South Florida region. Within walking distance of the Kaseya Center, Museum Park, and the city’s premier dining and nightlife.
Details
Contract Information
Comp Sale YN: No
Occupant Type: Call Listing Agent
Listing Date: 2026-05-08
Status: Active Under Contract
Original List Price: 409000
List Price: $409,000
Current Price: $409,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 1
Postal Zip: 33132
Development Name: 501 FIRST RESIDENCES
Subdivision Number: 8
Special Assessment YN: No
Country: United States
Street Number: 121
Street Direction Prefix: NE
Street Name: 5
Street Suffix: Street
Unit Number: 709
State Or Province: FL
Postal Code: 33132
Subdivision Name: 501 FIRST RESIDENCES
Area: 2410
Elementary School: Frederick Douglass
Middle Or Junior School: Jose De Diego
High School: Booker T. Washington
Parcel Number: 0141010083110
General Property Information
Lease MLS ID: A11966114
Unit Floor #: 7
Living Area Main: 402
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Furnished: Furnished
Stories Total: 40
Property Sub Type: Condominium
Bathrooms Total: 1
Bathrooms Full: 1
Year Built: 2026
Direction Faces: North
Financial Information
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 589
Membership Fee Required YN: No
Association YN: 1
Association Fee: 589
Association Fee Frequency: Monthly
Tax Year: 2026
Tax Legal Description: Condominium Parcel No. 709 of 501 FIRST RESIDENCES CONDOMINIUM
Office/Member Information
DXORIGMLSID: SEF
Application Fee Details
Application Fee Required: Yes
Application Fee: 100
Application Information
1-2 Weeks Approval: 1
Association Approval Required: 1
Amenities
Bike Storage: 1
Business Center: 1
Clubhouse: 1
Community Room: 1
Elevator(s): 1
Fitness Center: 1
Heated Pool: 1
Kitchen Facilities: 1
Library: 1
Lobby: 1
Management: 1
Pool: 1
Sauna: 1
Spa/Hot Tub: 1
Trash Chute: 1
Association Amenities
Maintenance: 1
Association Fee Includes
Common Areas: 1
Elevator: 1
Legal/Accounting: 1
Maintenance Grounds: 1
Maintenance Structure: 1
Pool Service: 1
Security: 1
Sewer: 1
Trash: 1
Water: 1
Dining Area
Dining/Living Room: 1
Electric
Circuit Breakers: 1
Exterior Features
Lighting: 1
Flooring
Ceramic Tile: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Okay To Lease: 1
Parking Features
Valet: 1
Property Condition
New Construction: 1
Possession
Other: 1
View
Other: 1
Heating
Central: 1
Electric: 1
Leasing Restrictions
Leasing - Max Times Per Year: 365
Leasing - Minimum Number of Days: 1
Unit Description
Interior Hallway: 1
High Rise: 1
Window Features
Blinds: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Electric Range: 1
Ice Maker: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Construction Materials
Block: 1
Interior Features
Entrance Foyer: 1
Listing Terms
Cash: 1
Security Features
Fire Alarm: 1
Fire Sprinkler System: 1
Security Patrol: 1
Smoke Detector(s): 1
Water Heater Details
Electric Water Heater: 1
Cooling
Central Air: 1
Electric: 1
Association Type
Condominium: 1
Showing Requirements
Showing Service: 1
Master Bedroom/Bath
Bedroom On Entry Level: 1
Pets Allowed YN
No: 1
Storm Protection
Impact Glass: Complete
Tax Information
Agricultural Exemption: 1
New Construction: 1
Outdoor Living Spaces
Balcony: 1
Porch: 1
Balcony Details
Balcony - Open: 1
Porch Details
Porch - Wrap Around: 1
Contingencies
3rd Party Approval: 1
Price Calculations
Current Price To SqFt: 1017.41
Section Details
Parcel Number MLX: 3110
Status Change Information
Major Change Timestamp: 2026-05-22T16:50:12Z
Major Change Type: Status Change
Status Change Date: 2026-05-22
Under Contract Type: Active Under Contract
Under Contract Date: 2026-05-27
Originating Details
Originating System Key: 465622423
Originating System ID: M00000151
Property Features
Application Information: 1-2 Weeks Approval; Association Approval Required
Association Amenities: Maintenance
Association Fee Includes: Common Areas; Elevator; Legal/Accounting; Maintenance Grounds; Maintenance Structure; Pool Service; Security; Sewer; Trash; Water
Dining Area: Dining/Living Room
Electric: Circuit Breakers
Exterior Features: Lighting
Flooring: Ceramic Tile
Leasing Permitted Details: Okay To Lease
Parking Features: Valet
Property Condition: New Construction
Appliances: Dishwasher; Disposal; Dryer; Electric Range; Ice Maker; Microwave; Refrigerator; Washer
Water Heater Details: Electric Water Heater
Construction Materials: Block
Cooling: Central Air
Association Type: Condominium
Heating: Central; Electric
Interior Features: Entrance Foyer
Listing Terms: Cash
Pets Allowed YN: No
Possession: Other
Security Features: Fire Alarm; Fire Sprinkler System; Security Patrol; Smoke Detector(s)
Tax Information: Agricultural Exemption; New Construction
Unit Description: Interior Hallway; High Rise
View: Other
Window Features: Blinds
Showing Requirements: Showing Service
Outdoor Living Spaces: Balcony; Porch
Balcony Details: Balcony - Open
Porch Details: Porch - Wrap Around
Contingencies: 3rd Party Approval
Listing Office: Cervera Real Estate Inc.
Last Updated: July - 23 - 2026
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