Condo in 121 NE 5 Street 2908, Miami, FL 33132 for sale with MLS# A12015913
RENTED FOR $2500 UNTIL 6/14/2027- This newly completed 29th-floor residence at 501 First offers an exceptional turnkey opportunity with high-demand skyline views, no rental restrictions, and a prime location in the heart of Miami's rapidly expanding Worldcenter district. Unit 2908 represents a high-yield asset in one of the city's most desirable new developments, perfectly positioned for both short-term rental income and long-term capital appreciation. This 1-bedroom, 1-bathroom unit featuring a sleek, modern floorplan designed for maximum efficiency. Located on the 29th floor, the unit offers 535 square feet of interior living area complemented by an expansive 86-square-foot balcony. The deep terrace provides north-facing views of the evolving urban core, overlooking iconic landmarks like the Freedom Tower and the Kaseya Center. Situated at the epicenter of Miami's multi-billion dollar Worldcenter project, the property offers unparalleled connectivity. Directly adjacent to the Brightline high-speed rail station, offering a critical transit link for travelers and business professionals alike. Steps away from world-class dining, the Miami Heat arena, and the upcoming world-class shopping promenades. The building's policy allowing for unrestricted short-term rentals makes this an ideal candidate for high-frequency vacation rental platforms.
121 NE 5 Street 2908, Miami, FL 33132
- Price:
- $538,000.00
- Original List Price:
- $589,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $887.78
- More Listings Same Building:
- 501 First Residences in 121 5 Street Miami
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Residential
- Property Type:
- Condominium
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- July 27, 2026 9:06 pm
- Bedrooms:
- 1
- Bathrooms Total:
- 1
- Full Bath:
- 1
- Master Bedroom Bath:
- Bedroom On Entry Level
- Dining Area:
- Dining/Living Room
- Living Area:
- 606 Sqft
- View from the Property:
- Water, Other, Skyline
- Waterfront:
- No
- Security:
- Smoke Detector(s), Fire Sprinkler System, Fire Alarm, Security Patrol
- Furnished:
- Furnished
- Appliances:
- Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Range, Electric Water Heater, Ice Maker
- Interior:
- Entrance Foyer
- Exterior:
- Balcony, Lighting
- Patio and Porch:
- Porch, Porch - Wrap Around
- Windows:
- Blinds
- Air Conditioning
- Air Conditioning System:
- Central Air, Electric
- Heating
- Heating System:
- Central, Electric
- Property Entrance Faces:
- North
- Unit Description:
- Corner/end Unit, High Rise, Interior Hallway
- Balcony Details:
- Balcony - Open
- Storm Protection Impact Glass:
- Complete
- Year Built:
- 2025
- Levels:
- Two
- Construction Materials:
- Block
- Flooring:
- Tile, Ceramic Tile
- Number of stories:
- 40
- Property Condition:
- New Construction
- Tax Year:
- 2026
- Association Fee:
- $877.00
- Association Fee Frequency:
- Monthly
- Property Tax Details:
- New Construction
- Garage Spaces:
- 0
- Covered Spaces:
- 0
- Parking Features:
- Valet
- Electric:
- Circuit Breakers
- Association
- Application Required
- Application Fee:
- $100.00
- Application Information:
- 1-2 Weeks Approval, Association Approval Required
- Association Type:
- Condominium
- Lease Number Times per Year Allowed:
- 365
- Amenities Provided by the Homeowner's Association (HOA):
- Business Center, Heated Pool, Pool, Spa/hot Tub, Kitchen Facilities, Community Room, Trash Chute, Billiard Room, Bike Storage, Clubhouse, Management, Maintenance, Elevator(s), Fitness Center
- Subdivision Name:
- 501 FIRST RESIDENCES
- Association Fee Includes:
- Maintenance Grounds, Sewer, Water, Trash, Security, Maintenance Structure, Common Areas, Legal/accounting, Elevator, Pool Service
- Senior Community:
- No
- Development Name:
- 501 FIRST RESIDENCES
- Restrictions:
- Other Restrictions
- Minimum Days per Lease:
- 1
- Listing Terms Considered by Seller:
- Cash
- Buyer Possession:
- Other
- Tax Legal Description:
- Condominium Parcel No. 2908 of 501 FIRST RESIDENCES CONDOMINIUM
- Real Estate Folio Number (Parcel Number):
- 0141010082980
- Elementary School:
- Frederick Douglass
- High School:
- Booker T. Washington
- Middle Or Junior School:
- Jose De Diego
- Active on the market since:
- May 8, 2026
- Listing Agreement executed on:
- May 8, 2026
- Price change occurred on:
- July 27, 2026 9:06 pm
- Listing Status Last Changed On:
- May 8, 2026 4:00 am
- Photos updated on:
- August 5, 2026 9:21 pm
- Last Modified:
- August 5, 2026 9:21 pm
- Courtesy of:
- Cervera Real Estate Inc.
- Attribution:
- Not provided
- Floor Number:
- 29
- Street Name:
- 5
- Street Number:
- 121
- Unit Number:
- 2908
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33132
- County:
- Miami-Dade
- Latitude:
- N25° 46' 45.7''
- Longitude:
- W81° 48' 29.9''
- Street Suffix:
- Street
- Street Direction Prefix:
- NE
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Ver la propiedad 121 NE 5 Street 2908, Miami, FL 33132
