121 NE 5 ST # 709, Miami FL 33132, Miami
$409,000
Miami, FL, 33132
Property details
- Bedrooms
- 0
- Bathrooms
- 1
- Living area
- 402 sqft
- Year built
- 2026
- Type
- Condominium
- Association fee
- $589 / monthly
- Days on market
- 76
- MLS #
- A12015916
Listing courtesy of Cervera Real Estate Inc. · 305-374-3434. Listing agent: Patricio Orloff. MLS data last updated 2026-07-23.
Description
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.
121 NE 5 ST # 709, Miami FL 33132, Miami — for sale, listed for $409,000 (0 bed, 1 bath, 402 sqft).
Priced like this listing
The 4 active listings closest in price within the same market segment:
About 501 FIRST RESIDENCES
501 FIRST RESIDENCES: built 2025–2026; current sale asking prices $395,000–$585,000; current rents $2,500–$2,500; association fees $563–$877/month.
ZIP vs city price level
Active listings like this in ZIP 33132 show a median asking $1,253/sqft — 16.1% above the Miami median asking of $1,079/sqft.
n=119 · 2026-07-24 · Methodology
Availability in 501 FIRST RESIDENCES
5 listings are currently active in this building across 5 distinct units (1 × 1-bed, 4 × studio).
n=5 · 2026-07-24 · Methodology
Run the numbers
Are sellers cutting prices here?
35% of the 136 active studio listings for sale in 33132 have reduced their asking price at least once — a direct read on seller flexibility in this segment.
n=136 · 2026-07-24 · Methodology
Market intelligence recomputed weekly from the full live MLS feed · 2026-07-24 · Methodology
The data relating to real estate listings on this website comes in part from the participating MLS via Bridge API. Information is deemed reliable but not guaranteed and should be independently verified. Listings are provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties.