BreakThru Realty

121 NE 5th Street 1602, Miami, FL 33132

$574,900 · Active

  • 1 bed
  • 2 baths
  • 544 sq ft
  • 20 days on market
  • Condominium
  • Built 2025
  • New Construction
  • HOA $890/mo
  • 1 garage space
  • Miami-Dade County
  • MLS# A12108736
  • 501 First Residences Condo
Photo 1 at 121 NE 5th Street 1602, MiamiPhoto 2 at 121 NE 5th Street 1602, MiamiPhoto 3 at 121 NE 5th Street 1602, MiamiPhoto 4 at 121 NE 5th Street 1602, MiamiPhoto 5 at 121 NE 5th Street 1602, MiamiPhoto 6 at 121 NE 5th Street 1602, MiamiPhoto 7 at 121 NE 5th Street 1602, MiamiPhoto 8 at 121 NE 5th Street 1602, Miami

About this home

The ultimate passive-income powerhouse in the heart of Downtown Miami at 501 First Residences! Unit 1602 is a fabulous, fully finished, and designer-furnished 1-bed + den, 2-bath luxury sanctuary optimizing 659 total sq. ft. (597 interior + private balcony). Delivering complete rental freedom with ZERO rental restrictions, you can host daily on platforms like Airbnb from day one.The interior sparkles with 9-foot ceilings, floor-to-ceiling glass, an urban balcony with stunning downtown city vistas, custom Italian cabinetry, and integrated premium Smeg appliances. The multi-functional den and full second bathroom provide unmatched guest flexibility to maximize daily booking rates!Indulge in 20,000+ sq. ft. of elite rooftop amenities: a 75-foot heated lap pool, hot hydrotherapy bath, outdoor movie theatre, world-class HOMAGE Fitness center, and co-working spaces.UNBEATABLE TRANSIT-ORIENTED LOCATION: Steps away from Miami Worldcenter’s retail mega-district, blocks from world-class concerts and Heat games at the Kaseya Center, and a short walk to Bayside Marketplace and MiamiCentral Brightline Station. Capitalize on Miami's booming hospitality market with this premier real estate asset!

Features

  • Other
  • Balcony

Schools

  • Elementary: Frederick Douglass
  • Middle: Jose De Diego
  • High: Booker T. Washington

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

EXP Realty LLC · a.shahin.broker@exprealty.net · Listing agent: Darnie Labrozzi

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Schedule a showing

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to see 121 NE 5th Street 1602.

Before You Make an Offer

Buying a preconstruction condo in South Florida

Own a Condo Like This One?

Condo buyers search by building, floor, view, floor plan and monthly cost, and the buyers working with BreakThru Realty tell us which buildings they want. If you own a unit in this building or one like it, a broker can compare it with those requirements before you list, and explain how the association's reserves, assessments and rules will shape the buyers you attract.

BreakThru Realty works with hundreds of prequalified buyers searching for properties. Before you list, a broker reviews what you own, the market around it and whether an existing buyer's requirements match. If none does, you see how we would position it to reach other qualified buyers.

Find Out If We Have Your Buyer · Discuss Selling With BreakThru Realty

A potential match is a conversation, not an offer, until the buyer sees your property and makes one. No buyer is named and nothing about your property or business is shared until you decide to proceed.

Questions About 121 NE 5th Street 1602

How much is 121 NE 5th Street 1602?
121 NE 5th Street 1602 is listed at $574,900, which is about $1,057 per square foot. The listing page shows comparable active listings and recent closed sales nearby so you can judge the asking price against what buyers have actually paid.
What are the association fees at 121 NE 5th Street 1602?
The listing reports an association fee of $890 per month. Confirm what the fee covers, the reserve funding and any pending special assessments before you make an offer; for a condo, ask for the milestone inspection report as well.
When was 121 NE 5th Street 1602 built?
121 NE 5th Street 1602 was built in 2025 and the listing describes its condition as new construction. Age matters for insurance and financing in Florida: ask about the roof, the electrical panel and, for a condo built before the current code, the building's structural reserve study.
How long has 121 NE 5th Street 1602 been on the market?
121 NE 5th Street 1602 has been listed for 20 days. Days on market and price changes are the first signals of how much room there is to negotiate.
Which schools serve 121 NE 5th Street 1602?
The MLS lists Frederick Douglass (elementary), Jose De Diego (middle), Booker T. Washington (high). School assignments are set by the district and can change; verify them with the school board before you rely on them.
How do I see 121 NE 5th Street 1602?
Request a showing from this page or call BreakThru Realty and a licensed agent will arrange a private tour, in person or by video, and answer anything the listing leaves out.

To request a tour, call (786) 914-1017 or email sales@breakthrurealty.com.

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The condo at 121 NE 5th Street 901A, Miami, FL 33132 is comparable and listed for sale at $405,000. Another comparable condo, 888 Biscayne Boulevard 2511, Miami, FL 33132, sold for $530,000 in October 2026. Other Miami neighborhoods include Silver Bluff and The Roads. Nearby ZIP codes include 33125 and 33126. This property also neighbors Brickell, Fisher Island, and Miami Beach. Compare it with the Miami housing market report.