41 SE 5th St # 1116, Miami FL 33131 | Miami-Dade County | A12027800
- $589,500
- $589,500
Description
Experience luxury living in this exquisite corner residence. Featuring floor-to-ceiling windows that flood the space with natural light, this 2-bedroom, 2-bathroom home offers serene views and unparalleled convenience. Easy to show call listing agent! Available October 1st
Property Overview
This is a 2-bedroom, 2-bath home of about 1289 square feet at 41 SE 5th St # 1116, Miami FL 33131 (Miami 33131), listed at $589,500.
Monthly Costs, Stated Plainly
The monthly HOA fee is $1,100.
The tax of record is $8,825 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $11,790/yr (≈ $982/mo); with the homestead exemption on a primary residence, about $10,790/yr (≈ $899/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The home at 41 SE 5th St #1116 is listed at $589,500. While the MLS does not specify its furnished status, fixtures and built-in appliances typically convey with the home—always confirm specifics during due diligence. The unit itself includes its private amenities, while the building offers shared HOA amenities like elevators, a pool, sauna, and spa. For precise details on what stays with the property, contact Christopher Lazaro, Miami Real Estate Realtor, to review the disclosures together.
Where exactly is it, and what should I know about the location?
This residence is located at 41 SE 5th St #1116 in Miami, FL 33131, positioned along Miami’s vibrant coastal corridor. The building sits in the heart of downtown, steps from Biscayne Bay, with easy access to cultural landmarks, dining, and major highways. For the latest insights on walkability, transit, or neighborhood dynamics, reach out directly to Christopher Lazaro, Miami Real Estate Realtor—he’ll provide verified details tailored to your priorities.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee for 41 SE 5th St #1116 is $1,100, which covers All Amenities—a comprehensive offering that enhances the building's value and lifestyle. As with all Miami properties, the community adheres to local ordinances, which you can review here. For precise details on how these fees align with your priorities, connect with Christopher Lazaro, Miami Real Estate Realtor, who’ll clarify every line item.
What are the property taxes and homestead implications?
For 41 SE 5th St #1116, the tax of record is $8,825 (2025), but Florida reassesses at sale. At the $589,500 list price and Miami-Dade’s approximate 2.0% rate, we estimate non-homestead taxes near $11,790/yr (≈ $982/mo). If this becomes your primary residence, Florida’s homestead exemption reduces the taxable value, lowering the estimate to about $10,790/yr (≈ $899/mo). These are estimates only — consult the Miami-Dade Property Appraiser and a tax professional for precise figures. Reach out to Christopher Lazaro, Miami Real Estate Realtor, to discuss strategies for minimizing your tax burden.
Is the home in a flood zone, and what does that mean?
This home at 41 SE 5th St #1116 is in a moderate-risk flood zone (Zone X, shaded per FEMA definitions). While not the highest risk, lenders may still recommend flood insurance—always verify with your provider. View the FEMA flood map for this address to explore details. For personalized guidance on flood risks and coverage, contact Christopher Lazaro, Miami Real Estate Realtor, who can connect you with local experts.
Are pets allowed?
This is a single-family home at 41 SE 5th St #1116, so there’s no condo or HOA board restricting pets — the policy is entirely set by the owner, within local ordinances and any active lease terms. Documented service animals and emotional support animals (ESAs) are protected under federal law regardless of ownership preferences. For complete clarity on this $589,500 property’s pet policy, contact Christopher Lazaro, Miami Real Estate Realtor, directly.
How is the price set and is there room to negotiate?
In Miami-Dade's current market, single-family homes are closing at 95% of original list price, averaging 41 days to contract (MIAMI REALTORS®, May 2026). For 41 SE 5th St #1116, we anchored the $589,500 list to a competitive CMA reflecting recent downtown Miami condo sales—but every negotiation is unique. Before drafting an offer, let’s review a fresh Miami-specific CMA together. Reach out to Christopher Lazaro, Miami Real Estate Realtor, to verify today’s comps and discuss strategy.
What financing step do you recommend before touring?
Before touring 41 SE 5th St #1116, I strongly recommend securing a pre-approval from a Florida-licensed mortgage originator. This clarifies your budget and strengthens your position in Miami’s competitive market, especially for this $589,500 2-bedroom condo. Once pre-approved, reach out to me, Christopher Lazaro, to verify the property’s fit—I’ll ensure every detail aligns with your goals.
Monthly Fees & Carrying Costs
| Association Fee | $1,100 / month |
| Total Monthly Fees | $1,100 / month |
- Membership Required: No
Have a question about this Miami listing?
Talk directly with Christopher Lazaro, your Miami real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: 5th St
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City: Miami
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State/county: Miami-Dade County
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Zip/Postal Code: 33131
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Area: BRICKELL ON THE RIVER S T
Details
Updated on June 16, 2026 at 12:41 am-
Property ID A12027800
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Price $589,500
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Property Size 1289 Sq Ft
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Bedrooms 2
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Room 0
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Bathrooms 2
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Garage 1
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Year Built 2006
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Ceramic Floor
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Bedroom Features At Least 1 Bedroom Ground Level, Entry Level, Primary Bath Shower
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Cooling Other
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Association Type Homeowners
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Building BORS
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Association Fee Frequency Monthly
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Area Brickell On The River S T
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Annual Tax 8825
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Association Yes
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Elementary School Southside
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront No
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Full Bathrooms 2
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Subdivision BRICKELL ON THE RIVER S T
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Total Stories 24
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Restrictions No Trucks/Rv'S
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Maintenance Includes All Amenities
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Amenities Elevator(s), Pool, Sauna, Spa/Hot Tub
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Parking 1 Space, Valet
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Heating Central
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2025
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Construction Concrete Block With Brick
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Building Area 1289
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Covered Spaces 1
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Middle School Shenandoah
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Unit Floor 11
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View Water View
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Year Built Details Resale
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Pets Allowed Yes
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Unit Number 1116
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Half Bathrooms 0
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Flood Zone AE
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New Construction No
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Garage Spaces 1
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Style Condo 5+ Stories
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Association Fee 1100
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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