What is the asking price and what does it include?

The list price for 121 NE 5th St # 1809, Miami FL 33132 is $445,000. The property is a Condominium with — bedrooms, 1 bathrooms, approximately 359 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 # 1809, 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 445,000 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 # 1809, 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 # 1809, Miami FL 33132 | Miami-Dade County

Residential Active

121 NE 5th St # 1809, Miami FL 33132 | Miami-Dade County | A12027732

$445,000

Description

Modern studio in the heart of Downtown Miami featuring floor-to-ceiling windows, contemporary finishes and fully furnished. Closets are done, just need to add details to start renting out such as bed bedding and kitchen supplies. Full-service building with resort-style amenities and unbeatable location in Miami World Center near dining, nightlife, and cultural attractions. Unit has not been used. ready for new owner to take over and start renting out or using as a pied a ter in miami.

Investor-friendly building allows daily/short-term rentals, offering strong income potential in a high-demand area.

Address

Open on Google Maps

Address: 5th St
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33132
Area: 501 First

Details

Updated on June 1, 2026 at 5:53 pm

Property ID A12027732
Price $445,000
Property Size 359 Square Feet
Bedroom 0
Bathroom 1
Garage 1
Year Built 2025
Type Condominium
Property Status Residential

Additional details

ArchitecturalStyle High Rise
AssociationAmenities Barbecue, Business Center, Clubhouse-Clubroom, Community Room, Exercise Room, Library, Private Pool
AssociationFee 589
AssociationFeeFrequency Monthly
BathroomsFull 1
BathroomsHalf 0
BuildingAreaTotal 359
BuildingAreaUnits Square Feet
BuildingName 501 First
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-05-29
Cooling Central Air
CoveredSpaces 1
DaysOnMarket 3
DoorFeatures High Impact Doors
EntryLevel 18
ExpirationDate 2027-04-30
Flooring Ceramic Floor
Furnished Furnished
Heating Central
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-804-7048
ListingTerms All Cash, Conventional
LotSizeSquareFeet 0
MLSAreaMajor 501 First
MajorChangeTimestamp June 1, 2026 at 05:50pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp June 1, 2026 at 05:50pm
OnMarketDate 2026-05-29
OriginalEntryTimestamp June 1, 2026 at 05:50pm
OriginalListPrice 445000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-41-01-008-3210
ParkingFeatures 1 Space, Valet
PatioAndPorchFeatures Open Balcony
PhotosCount 0
PostalCode 33132
PostalCodePlus4 2625
PriceChangeTimestamp May 29, 2026 at 08:58pm
PublicSurveyRange 41
PublicSurveySection 1
PublicSurveyTownship 41
RoomsTotal 0
SecurityFeatures Lobby Secured
ShowingContactType Agent
ShowingInstructions Appointment Only, Call Listing Agent
SourceSystemKey 500252834
StateOrProvince FL
StatusChangeTimestamp June 1, 2026 at 05:50pm
StoriesTotal 40
StreetDirPrefix NE
StreetName 5th St
StreetNumber 121
StreetNumberNumeric 121
StructureType Condo 5+ Stories, Condo
SyndicationRemarks Modern studio in the heart of Downtown Miami featuring floor-to-ceiling windows, contemporary finishes and fully furnished. Closets are done, just need to add details to start renting out such as bed bedding and kitchen supplies. Full-service building with resort-style amenities and unbeatable location in Miami World Center near dining, nightlife, and cultural attractions. Unit has not been used. ready for new owner to take over and start renting out or using as a pied a ter in miami. Investor-friendly building allows daily/short-term rentals, offering strong income potential in a high-demand area.
TaxAnnualAmount 0
TaxLegalDescription 501 FIRST RESIDENCES CONDO UNIT 1809 UNDIV 0.14826% INT IN COMMON ELEMENTS OFF REC 35067-4463
TaxYear 2026
UnitNumber 1809
View Skyline
YearBuiltDetails Effective Year Built