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



85 more





















































































Presented By: 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: Cervera Real Estate Inc.
Interior Features for 121 NE 5 Street 2908
Bedrooms
Total Bedrooms1
Bathrooms
Half Baths0
Total Baths1
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramicTile, Tile
Furnished Y/NFurnished
Heating Y/NYes
Interior AmenitiesBedroomOnMainLevel, EntranceFoyer, LivingDiningRoom
Total Stories40
Window FeaturesBlinds
Other Rooms
Entry Level29
General for 121 NE 5 Street 2908
AppliancesDryer, Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, IceMaker, Microwave, Refrigerator, Washer
Assoc Fee Paid PerMonthly
Association AmenitiesBilliardRoom, BikeStorage, BusinessCenter, Clubhouse, CommunityKitchen, FitnessCenter, MaintenanceGrounds, Management, Pool, SpaHotTub, Trash, Elevators
Association Fee IncludesCommonAreas, LegalAccounting, MaintenanceGrounds, MaintenanceStructure, Pools, Sewer, Security, Trash, Water
Carport Spaces
CityMiami
Construction MaterialsBlock
CoolingCentralAir, Electric
CountyMiami-Dade
ElectricCircuitBreakers
Elementary SchoolFrederick Douglass
Facing DirectionNorth
Full Baths1
Garage Spaces
Garage Y/NNo
HOA Fee$877
HeatingCentral, Electric
High SchoolBooker T. Washington
Legal DescriptionCondominium Parcel No. 2908 of 501 FIRST RESIDENCES CONDOMINIUM
MLS Area2410
Middle/Junior High SchoolJose De Diego
New ConstructionYes
Occupancy TypeCallAgent
Patio/Porch FeaturesOpen, Porch, WrapAround, Balcony
Pets AllowedNo
Pool FeaturesAssociation, Heated
PossessionOther
PostalCityMiami
Property ConditionNewConstruction
Property Sub Type AdditionalCondominium
Property SubtypeCondominium
Property TypeResidential
Security FeaturesFireAlarm, FireSprinklerSystem, SmokeDetectors, SecurityGuard
Senior Community Y/NNo
Standard StatusActive
StatusActive
Subdivision Name501 FIRST RESIDENCES
Tax Annual Amount0
Tax Year2026
Unit Number2908
ViewCity, Other, Water
Virtual TourClick here
Year Built2025
Exterior for 121 NE 5 Street 2908
Covered Spaces
Exterior AmenitiesBalcony, Lighting, OutdoorLivingArea
Parking FeaturesValet
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Booker T. Washington High School
Middle School
Jose De Diego Middle School
Betzabeth Diaz Rondon
Realtor®
SQFT • 606