$545,000list price
Per sq ft$1,485
Studio · 1 ba · 367 sq ft Condo or villa
601 NE 1ST AVE #4712, MIAMI, FL 33132
Listing courtesy of Related General Realty, LLC.. MLS# A12115975.On the MLS · Listed Oct 31
$545,000
121 NE 5TH ST #1506, MIAMI, FL 33132
1 bed1.5 baths511 sq ftCondo or villaBuilt 2025
Updated today, November 3, 2026This home against Miami
$1,067 per sq ft, 56% over the Miami median
209 days on the market
Price cut $135,000 since it was listed at $680,000
$8,000 in property taxes (2026)
Private pool
Miami today: 4,362 homes for sale, median list price $733,250.
About this home
Prime investment opportunity in Downtown Miami at 121 NE 5th St, Unit 1506. Modern residence featuring floor-to-ceiling windows, private balcony, and sleek contemporary design. Ideal for primary living, vacation use, or income-producing investment. Located steps from Miami Worldcenter, Brightline, Bayside, top dining, entertainment, and major transit hubs. Positioned in one of Miami's fastest-growing urban corridors. Short-term rentals such as Airbnb allowed (verify building guidelines), offering exceptional income potential. Strong projected demand driven by Miami's expanding tourism market and upcoming global events including the FIFA World Cup. A rare opportunity to own a flexible, high-demand asset in the heart of Miami. Short-term rentals permitted (verify current building guidelines). Strong Airbnb income potential. Prime Downtown Miami location within walking distance to Miami Worldcenter, Kaseya Center, Brightline, PortMiami, and major attractions. High projected demand driven by continued tourism growth and upcoming global events including the FIFA World Cup.
Zoned schools
Elementary: Frederick R. Douglass Elementary
Middle: Jose de Diego Middle School
High: Booker T. Washington Senior High
From Miami-Dade County Public Schools attendance zones.
Near this home
Park: Henderson Park, 0.1 mi
Beach: Hobie Island Beach, 2 mi
Grocery: Sedano's Supermarket, 0.5 mi
Distances from the center of MIAMI.
Listing courtesy of Complete Realty Group. MLS# B26013348.
Listing information is provided by the MLS and is deemed reliable but not guaranteed.
Listed April 8, 2026.
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