Miami, FL 33132 121 NE 5 ST 2908
$589,000



10 more










Presented By: This listing is courtesy of Cervera Real Estate Inc.
Home Details
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.
Presented By: This listing is courtesy of Cervera Real Estate Inc.
Interior Features for 121 NE 5 ST 2908
Bedrooms
Total Bedrooms1
Bathrooms
Half Baths0
Total Baths1
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramic Tile, Tile
Furnished Y/NFurnished
Heating Y/NYes
Interior AmenitiesBedroom on Main Level, Entrance Foyer, Living/Dining Room
Total Stories40
Window FeaturesBlinds, Impact Glass
Other Rooms
Entry Level29
General for 121 NE 5 ST 2908
AppliancesDryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Architectural StyleHigh Rise
Assoc Fee Paid PerMonthly
Association AmenitiesBilliard Room, Bike Storage, Business Center, Clubhouse, Community Kitchen, Fitness Center, Pool, Spa/Hot Tub, Trash, Elevator(s)
Association Fee IncludesAssociation Management, Amenities, Common Areas, Legal/Accounting, Maintenance Structure, Pool(s), Sewer, Security, Trash, Water
Building FeaturesExterior Lighting
Carport Spaces
Carport Y/NNo
CityMiami
Construction MaterialsBlock
CoolingCentral Air, Electric
CountyMiami-Dade
DisclosuresNone
Entry Location29
Facing DirectionNorth
Full Baths1
Garage Spaces
Garage Y/NNo
HOA Fee$877
HeatingCentral, Electric
Lease Considered Y/NYes
Legal DescriptionCondominium Parcel No. 2908 of 501 FIRST RESIDENCES CONDOMINIUM
Listing TermsCash
Lot Size UnitsSquare Feet
MLS Area42
Occupancy TypeCall Agent
Patio/Porch FeaturesBalcony, Open, Wrap Around
Pets AllowedNo
Pool FeaturesAssociation, Heated
PossessionOther
PostalCityMiami
Property Attached Y/NYes
Property Sub Type AdditionalCondominium
Property SubtypeCondominium
Property TypeResidential
RestrictionsOther Restrictions
Security FeaturesSecurity Guard, Fire Sprinkler System, Smoke Detector(s)
Senior Community Y/NNo
Standard StatusActive
StatusActive
Subdivision Name501 FIRST RESIDENCES
Tax Annual Amount0
Tax Year2026
Total Rooms0
Unit Number2908
ViewCity, Other, Water
Virtual TourClick here
Year Built2025
Year Built DetailsNew Construction
Exterior for 121 NE 5 ST 2908
Covered Spaces
Exterior AmenitiesBalcony, Security/High Impact Doors, Porch
Parking FeaturesValet
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Brandon Bell
Realtor®
SQFT • 606