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151 NW 5th St #3710, Miami, FL, 33128

1beds
2baths
597sqft
$651,000
$1,090price/sqft
$4,110/moest. monthly cost
$164,400/yrincome needed

About This Home

Brand-new luxury residence at 501 First in the heart of Downtown Miami. Fully furnished with designer interiors, floor-to-ceiling glass, private balcony, Italian cabinetry, premium European appliances, built-out closets, and in-unit washer/dryer. Enjoy over 20,000 SF of world-class amenities including a rooftop pool, hot and cold plunge pools, fitness center, yoga studio, co-working spaces, private dining rooms, outdoor movie theater, sunrise and sunset terraces, and breathtaking 360° skyline and bay views. Steps from Miami Worldcenter, Kaseya Center, Museum Park, Brightline, Pérez Art Museum, and Biscayne Bay. No rental restrictions make this an exceptional opportunity for both end users and investors.

Getting Around

96
WalkingWalker's Paradise
100
TransitRider's Paradise
76
BikeVery Bikeable

Construction

Condition

  • Year built: 2026

Type & Style

  • Home type: Condo

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Freezer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Trash compactor,Washer

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 2

Heating & Cooling

  • Heating features: Forced air
  • Cooling features: Central

Interior Area

  • Total interior livable area: 597 sqft

Property

Features

  • Has spa: Yes
  • Has view: Yes
  • View description: Water,City
  • Has water view: Yes
  • Water view: Water

Parking

  • Parking features: Garage - Attached

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Heat Wave
Tsunami

FEMA Declared Disasters in Miami-Dade County and Florida

Flood
Hurricane
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,291$39,492
Home Insurance *$183$2,196
Property Taxes $439$5,268
Electricity $197$2,366
Total$4,110$49,320
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$140,914/yr
40% on housing$123,300/yr
45% on housing$109,600/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.8%
7.8%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,090This listing

vs Other Active Listings

Avg $/sqft

ZIP 33128$685
Miami-Dade County$639

vs Homes Sold Last Month

Median $/sqft

ZIP 33128$291
Miami-Dade County$404

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-21Listed for sale$651,000

For Sale by Owner

AgentProperty Owner

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