What is the asking price and what does it include?

The list price for 121 NE 5 # 2712, Miami FL 33132 is $6,500. The property is a Condominium with 2 bedrooms, 2 bathrooms, approximately 835 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 5 # 2712, Miami FL 33132 in Miami, 33132. Coordinates are approximately 25.7791319, -80.1918147. 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 6,500 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 5 # 2712, 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.

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Get Pre-Approved !

Home
Condominium
121 NE 5 # 2712, Miami FL 33132 | Miami-Dade County | A12004159

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121 NE 5 # 2712, Miami FL 33132 | Miami-Dade County | A12004159

121 NE 5 # 2712, Miami FL 33132

Residential Lease Active

$6,500

48 More

Type
Condominium

2
Bedrooms

2
Bathrooms

1
Garage

835 Square Feet
Area Size

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Residential Lease Active

121 NE 5 # 2712, Miami FL 33132 | Miami-Dade County | A12004159

121 NE 5 # 2712, Miami FL 33132

$6,500

Description

Luxury 2-bedroom, 2-bath residence offering breathtaking water and city views. Available for both short- and long-term stays, fully furnished for a seamless move-in experience.
Experience elevated urban living in the heart of vibrant Downtown Miami at 501 First Residences. This brand-new condo showcases floor-to-ceiling glass, a private balcony with stunning skyline vistas, sleek Italian cabinetry, premium appliances. Designed with sophistication and comfort in mind.
Indulge in over 20,000 square feet of resort-style amenities, including a spectacular rooftop with a 75-foot lap pool, hot hydrotherapy bath, and dedicated sunrise and sunset decks with panoramic views. Stay active in the state-of-the-art fitness center by HOMAGE Fitness, complete with yoga and meditation spaces and private training rooms. Entertain or unwind in the elegant lounge featuring a private club suite, chef’s kitchen, media room, and a lush greenhouse retreat.
This smart, amenity-rich tower is ideally located within walking distance of Bayside Marketplace, Bayfront Park, and the Kaseya Center, and just minutes from Brickell, the Design District, and South Beach. It is also conveniently located next to the main transportation system the metro-mover and within walking distance to Dining, entertainment and shopping stores.
Move-in ready and impeccably styled.

Address

Open on Google Maps

Address: 5
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33132
Area: 501 FIRST RESIDENCES CONDO, 501 FIRST RESIDENCES

Details

Updated on June 4, 2026 at 4:19 pm

Property ID A12004159
Price $6,500
Property Size 835 Square Feet
Bedrooms 2
Bathrooms 2
Garage 1
Year Built 2026
Type Condominium
Property Status Residential Lease

Additional details

ArchitecturalStyle High Rise, Other
AssociationAmenities Activity Room, Community Pool, Exercise Room, Other, Security Patrol
AvailabilityDate 2026-06-01
BathroomsFull 2
BathroomsHalf 0
BuildingAreaUnits Square Feet
BuildingName 501 FIRST RESIDENCES CONDO
CommunityFeatures Recreation Facilities, Additional Amenities, Pool, Exercise Room, Game Room, Management On Site, Sauna, Spa/Hot Tub
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2026-04-20
Cooling Central Air
CoveredSpaces 1
DaysOnMarket 45
DirectionFaces East
DoorFeatures High Impact Doors
EntryLevel 27
ExpirationDate 2027-04-19
Flooring Ceramic Floor, Other
FrontageType Bay
Furnished Furnished
Heating Central
Inclusions Other
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
LeaseAmountFrequency Monthly
LeaseConsideredYN 1
LeaseRenewalOptionYN 1
LeaseTerm 1 Year With Renewal Option, Short Term Lease, Month To Month
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-355-7504
LotSizeSquareFeet 0
MLSAreaMajor 501 First Residences Condo
MajorChangeTimestamp June 4, 2026 at 03:57pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp June 4, 2026 at 03:57pm
OnMarketDate 2026-04-20
OriginalEntryTimestamp April 20, 2026 at 04:32pm
OriginalListPrice 11700
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-41-01-008-4410
ParkingFeatures 1 Space, Valet, Limited # Of Vehicle
PatioAndPorchFeatures Open Balcony
PetsAllowed Restrictions Or Possible Restrictions
PhotosChangeTimestamp April 20, 2026 at 04:34pm
PhotosCount 53
PoolFeatures Community, Other
PostalCode 33132
PreviousListPrice 11700
PriceChangeTimestamp June 4, 2026 at 03:57pm
PropertyCondition New Construction
PublicSurveyRange 41
PublicSurveySection 1
PublicSurveyTownship 41
Roof Concrete
SecurityFeatures Key Card Entry, Building Security, Gated with Guard, Intercom In Lobby, Lobby Attended, Security Patrol
Sewer Sewer
ShowingInstructions Other Showing Instruction, See Broker Remarks
SourceSystemKey 457091776
SpaFeatures Community
StateOrProvince FL
StatusChangeTimestamp April 20, 2026 at 04:32pm
Stories 40
StoriesTotal 40
StreetDirPrefix NE
StreetName 5
StreetNumber 121
StreetNumberNumeric 121
StructureType Condo/Co-Op/Seasonal, Condo
SyndicationRemarks Luxury 2-bedroom, 2-bath residence offering breathtaking water and city views. Available for both short- and long-term stays, fully furnished for a seamless move-in experience. Experience elevated urban living in the heart of vibrant Downtown Miami at 501 First Residences. This brand-new condo showcases floor-to-ceiling glass, a private balcony with stunning skyline vistas, sleek Italian cabinetry, premium appliances. Designed with sophistication and comfort in mind. Indulge in over 20, 000 square feet of resort-style amenities, including a spectacular rooftop with a 75-foot lap pool, hot hydrotherapy bath, and dedicated sunrise and sunset decks with panoramic views. Stay active in the state-of-the-art fitness center by HOMAGE Fitness, complete with yoga and meditation spaces and private training rooms. Entertain or unwind in the elegant lounge featuring a private club suite, chef’s kitchen, media room, and a lush greenhouse retreat. This smart, amenity-rich tower is ideally located within walking distance of Bayside Marketplace, Bayfront Park, and the Kaseya Center, and just minutes from Brickell, the Design District, and South Beach. It is also conveniently located next to the main transportation system the metro-mover and within walking distance to Dining, entertainment and shopping stores. Move-in ready and impeccably styled.
TaxLegalDescription 501 FIRST RESIDENCES CONDO UNIT 2712 UNDIV 0.31236%
UnitNumber 2712
View Bay, Other, Water
WaterSource Municipal Water
WindowFeatures Blinds, High Impact Windows, Sliding
YearBuiltDetails New Construction