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121 NE 5 ST Unit 2908, Miami, Florida 33132

Active For Sale
$589,000
  • Beds 1
  • Baths 1
  • Sq Ft 606 Sqft
  • Visits: 8 in 17 days

Description

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.

Features

  • Swimming Pool: Heated, Association
  • Heating System: Central, Electric
  • Cooling System: Electric, Central Air
  • Patio: Balcony, Open, Wrap Around
  • Parking: Valet

Appliances

  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Electric Water Heater, Disposal, Ice Maker

Address Map

  • Country: US
  • State: FL
  • County: Miami-Dade
  • City: Miami
  • Subdivision: 501 FIRST RESIDENCES
  • Zipcode: 33132
  • Street: 5 ST
  • Street Number: 121
  • Floor Number: 0
  • Longitude: W81° 48' 29.2''
  • Latitude: N25° 46' 45.3''
  • UnitNumber: 2908
  • Street Dir Prefix: NE
  • MLS Area: 42

MLS Addon

  • Architectural Style: High Rise
  • Association Amenities: Clubhouse, Elevator(s), Fitness Center, Pool, Community Kitchen, Business Center, Spa/Hot Tub, Trash, Billiard Room, Bike Storage
  • Association Fee: $877
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Amenities, Maintenance Structure, Common Areas, Pool(s), Sewer, Security, Trash, Water, Association Management, Legal/accounting
  • Close Price: $0
  • Exterior Features: Balcony, Security/High Impact Doors, Porch
  • Flooring: Ceramic Tile, Tile
  • Insurance Expense: $0
  • Interior Features: Bedroom on Main Level, Living/Dining Room, Entrance Foyer
  • New Taxes Expense: $0
  • Stories Total: 40
  • Tax Annual Amount: $0
  • Window Features: Blinds, Impact Glass

Location

Listing Updated: 2026-05-25 02:35:09

  • Parent : 121:NE:5 ST:33132:Miami
  • Property Type : Condominium
  • Property Sub Type : Condominium
  • Listing Type : For Sale
  • Listing ID : A12015913
  • Price : $589,000
  • View : City, Other, Water
  • Bedrooms : 1
  • Bathrooms : 1
  • Full Bathrooms : 1
  • Half Bathrooms : 0
  • Square Footage : 606 Sqft
  • Year Built : 2025
  • Lot Area : 0 Acre
  • Listing Status : Active
  • Days On Market : 16
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