121 NE 5 ST 709, Miami, FL 33132 — MLS photo

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121 NE 5 ST 709, Miami, FL 33132

Active · Condominium

$345,000

121 NE 5 ST 709, Miami, FL 33132

Beds
0
Baths
1
Living area
359 sq ft
$ / sq ft
$961/sq ft
Year built
2026
Lot size
—
HOA fee
$589 Monthly
Annual tax
$0

About this property

DRASTICALLY REDUCED FOR QUICK SALE! UNIT RENTED UNITL MAY 19, 2027 @ 2,100- BYER HAS TO RESPECT CURRENT LEASE. Unit 709 presents a opportunity in one of Miami’s most sought-after new developments. This 2025-built studio is designed for maximum utility and appeal in the high-demand Downtown rental market. A thoughtfully designed open studio layout providing 359 square feet of interior living space. Unlike typical urban studios, this unit features a deep 38-square-foot balcony, extending the living area into the city atmosphere. Fully equipped with contemporary Italian cabinetry, premium integrated appliances, and an in-unit washer and dryer. Situated at 121 NE 5th St, residents are positioned at the epicenter of Miami's urban evolution. Steps from the multi-billion dollar Miami Worldcenter project, ensuring long-term desirability and infrastructure support. Directly adjacent to the Brightline station and Metro Mover, providing effortless access to the wider South Florida region. Within walking distance of the Kaseya Center, Museum Park, and the city’s premier dining and nightlife.

Property location

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121 NE 5 ST 709, Miami, FL 33132

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
359 sq ft
Flooring
Ceramic Tile, Porcelain Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Bedroom On Main Level, Entrance Foyer, Living Dining Room
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
2026
Stories
40
Architectural style
High Rise
Construction
Block
Exterior features
Balcony, Security High Impact Doors, Porch
Pool
Association, Heated
View
Other

Parking

Garage spaces
0
Covered spaces
0
Parking features
Valet

HOA, Community & Financials

Association fee
$589 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Legal Accounting, Maintenance Grounds, Maintenance Structure, Pools, Sewer, Security, Trash, Water
Amenities
Bike Storage, Business Center, Clubhouse, Community Kitchen, Fitness Center, Library, Pool, Sauna, Spa Hot Tub, Trash, Elevators
Security
Security Guard, Fire Sprinkler System, Smoke Detectors
Pets allowed
No
Annual tax
$0
Subdivision
501 FIRST RESIDENCES
County
Miami-Dade
Days on market
168
MLS listing ID
A12015916
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$990

Cap rate
2.2%
Net yield
2.2%
Cash-on-cash return
-12.3%
Gross yield
5.5%
Mortgage payment
$1,635/mo
Down payment
$86,250
Loan amount
$258,750
Annual NOI
$7,743

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.