121 NE 5 ST # 2908, Miami FL 33132 | Miami-Dade County | A12015913
- $585,000
- $585,000
Description
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.
Property Overview
Frequently Asked Questions
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Monthly Fees & Carrying Costs
| Association Fee | $877 / month |
| Total Monthly Fees | $877 / month |
- Membership Required: No
- Application Fee: $100 (one-time)
Address
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Address: 5 ST
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City: Miami
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State/county: Miami-Dade County
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Zip/Postal Code: 33132
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Area: 501 First Residences
Details
Updated on June 30, 2026 at 5:39 pm-
Property ID A12015913
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Price $585,000
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Property Size 606 Sq Ft
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Bedroom 1
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Room 0
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Bathroom 1
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Garage 0
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Year Built 2025
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Ceramic Floor, Tile
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Bedroom Features Entry Level
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Cooling Central Air, Electric
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Association Type Condo
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Building 501 FIRST RESIDENCES
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Association Fee Frequency Monthly
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Area 501 First Residences
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Annual Tax 0
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Association Yes
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Private Pool No
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Listing Terms Cash
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Waterfront No
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Full Bathrooms 1
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Subdivision 501 FIRST RESIDENCES
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Total Stories 40
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Restrictions Other Restrictions
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Parking Valet
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Heating Central, Electric
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Structure Type Condo-Hotel, Condo
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Tax Year 2026
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Construction Concrete Block Construction
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Covered Spaces 0
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Unit Floor 29
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View Other View, Skyline, Water View
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Year Built Details New Construction
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Pets Allowed No
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Attached Yes
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Unit Number 2908
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Half Bathrooms 0
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Patio / Porch Open Balcony, Wrap Around
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New Construction Yes
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Garage Spaces 0
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Style Condo-Hotel
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Association Fee 877
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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Monthly HOA Fees