What is the asking price and what does it include?

The list price for 121 NE 5th St # 3103, Miami FL 33132 is $4,500. The property is a Condominium with 1 bedrooms, 2 bathrooms, approximately 544 square feet of living space, on a — lot. List price reflects the home and customarily-attached fixtures; it does not include furniture, art, or detached personal property unless explicitly listed in contract. Final inclusions are determined by the executed purchase contract, not by this page. Contact us if you want a written inclusions/exclusions schedule before drafting an offer.

Where exactly is it, and what is the neighborhood like?

The property sits at 121 NE 5th St # 3103, Miami FL 33132 in Miami, 33132. Coordinates are approximately , . Walkability, transit, distance to beach or bay, and traffic patterns vary block by block and are best evaluated in person; visit at both a weekday rush hour and a weekend afternoon before writing an offer. We do not characterize neighborhoods by demographic composition — Fair Housing Act constraints we take seriously. We will gladly provide objective data on request: distance to nearest grocery, hospital, marina, public school, and major roadway.

What are the property taxes and any homestead implications?

Miami-Dade County real-estate taxes are administered by the Miami-Dade Property Appraiser (current assessment + tax-bill data at https://www.miamidade.gov/pa/property_search.asp). A new buyer's tax bill resets based on the sale price and the buyer's own exemption status; the first full tax bill after purchase is often meaningfully higher than the seller's prior bill. Florida's Homestead Exemption reduces the taxable value for a primary residence — eligibility requirements and filing windows are published at https://www.miamidade.gov/pa/exemptions_homestead.asp. The statewide Florida Department of Revenue property-tax reference is at https://floridarevenue.com/property/.

Is it in a flood zone, and what does that mean for insurance?

Authoritative flood-zone designation for any U.S. address is published by FEMA on the National Flood Hazard Layer at https://msc.fema.gov/portal/home. Coastal South Florida includes properties in multiple flood-risk zones (AE, V, VE, X). Lenders typically require flood insurance in high-risk zones. The FEMA Risk Rating 2.0 methodology (premiums based on elevation, construction type, claims history, distance to water) is documented at https://www.fema.gov/flood-insurance/risk-rating. Florida-specific flood-insurance program data is at https://floridarevenue.com/.

How do you determine the list price?

We analyze recent comparable sales in Miami — similar properties in size, condition, and location that sold within the last three to six months. This Comparative Market Analysis (CMA) helps ensure 4,500 reflects current market value. For a personalized CMA on a specific property or to discuss listing strategy, contact us directly.

How long does it typically take to close on this property?

Most Florida real estate transactions close in 30–45 days from accepted offer, assuming timely financing, inspections, and HOA or condominium questionnaire responses. Condominium sales may take longer if SB-4D structural reports or association approvals are needed. We manage the timeline closely to avoid delays. Contact us for a detailed closing checklist tailored to 121 NE 5th St # 3103, Miami FL 33132.

What financing step do you recommend before touring?

Get pre-approved by a licensed lender before making an offer. A pre-approval letter shows sellers you are a serious buyer and can close. In Florida's competitive market, it is often a practical requirement. We work with trusted local lenders who understand Miami-Dade specifics like flood-zone implications and condominium-warrantability requirements. Call us for lender referrals.

121 NE 5th St # 3103, Miami FL 33132 | Miami-Dade County

Residential Lease Active

121 NE 5th St # 3103, Miami FL 33132 | Miami-Dade County | A12028641

$4,500

Description

Welcome to 501 First Residences unit 3103 at Miami Worldcenter, one of Downtown Miami’s newest residential addresses. Completed in 2025, this never-lived-in residence offers 1 bedroom, 2 full bathrooms, and a spacious den, fully furnished and thoughtfully appointed for an effortless move-in experience.

Designed with flexibility in mind, the layout provides a seamless blend of comfort and functionality. The generous den offers valuable additional space, ideal for a home office, guest area, or creative workspace, while expansive windows fill the residence with natural light and showcase vibrant city views. Carefully selected furnishings and refined details create an inviting atmosphere that feels both comfortable and sophisticated.

Residents enjoy an exceptional collection of amenities located on the building’s highest floors and rooftop, offering panoramic views of Miami’s skyline and Biscayne Bay. Ideally situated within Miami Worldcenter, the residence is moments from acclaimed dining, entertainment, shopping, cultural destinations, and convenient transportation, placing the best of Downtown Miami within easy reach.

Address

Open on Google Maps

Address: 5th St
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33132

Details

Updated on June 1, 2026 at 5:09 pm

Property ID A12028641
Price $4,500
Property Size 544 Square Feet
Bedroom 1
Bathrooms 2
Garage 0
Year Built 2025
Type Condominium
Property Status Residential Lease

Additional details

AvailabilityDate 2026-06-01
BathroomsFull 2
BathroomsHalf 0
BuildingAreaUnits Square Feet
CommunityFeatures Pool, Exercise Room
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-06-01
Cooling Central Air
CoveredSpaces 0
DaysOnMarket 0
DirectionFaces South
EntryLevel 31
ExpirationDate 2026-11-30
Flooring Ceramic Floor
Furnished Furnished
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
LeaseAmountFrequency Monthly
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-779-4850
LotSizeSquareFeet 0
MajorChangeTimestamp June 1, 2026 at 04:59pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp June 1, 2026 at 04:59pm
OnMarketDate 2026-06-01
OriginalEntryTimestamp June 1, 2026 at 04:59pm
OriginalListPrice 4500
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-41-01-008-1300
ParkingFeatures Valet
PetsAllowed No
PhotosCount 0
PostalCode 33132
PostalCodePlus4 2631
PriceChangeTimestamp June 1, 2026 at 04:56pm
PublicSurveyRange 41
PublicSurveySection 37
PublicSurveyTownship 41
ShowingInstructions 24 Hour Notice
SourceSystemKey 502717510
StateOrProvince FL
StatusChangeTimestamp June 1, 2026 at 04:59pm
Stories 40
StoriesTotal 40
StreetDirPrefix NE
StreetName 5th St
StreetNumber 121
StreetNumberNumeric 121
StructureType Condo/Co-Op/Annual, Condo
SyndicationRemarks Welcome to 501 First Residences unit 3103 at Miami Worldcenter, one of Downtown Miami's newest residential addresses. Completed in 2025, this never-lived-in residence offers 1 bedroom, 2 full bathrooms, and a spacious den, fully furnished and thoughtfully appointed for an effortless move-in experience. Designed with flexibility in mind, the layout provides a seamless blend of comfort and functionality. The generous den offers valuable additional space, ideal for a home office, guest area, or creative workspace, while expansive windows fill the residence with natural light and showcase vibrant city views. Carefully selected furnishings and refined details create an inviting atmosphere that feels both comfortable and sophisticated. Residents enjoy an exceptional collection of amenities located on the building's highest floors and rooftop, offering panoramic views of Miami's skyline and Biscayne Bay. Ideally situated within Miami Worldcenter, the residence is moments from acclaimed dining, entertainment, shopping, cultural destinations, and convenient transportation, placing the best of Downtown Miami within easy reach.
TaxLegalDescription 501 First Residences
UnitNumber 3103
Zoning 6401