121 NE 5 ST # 2908, Miami FL 33132 | Miami-Dade County | A12015913
- $589,000
- $589,000
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.
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 May 9, 2026 at 4:19 am-
Property ID A12015913
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Price $589,000
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Property Size 606 Square Feet
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Bedroom 1
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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 Residential
Additional details
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ArchitecturalStyle Corner Unit, High Rise
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AssociationAmenities Bike Storage, Billiard Room, Business Center, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Exterior Lighting, Heated Pool, Kitchen Facilities, Pool, Spa/Hot Tub, Trash Chute
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AssociationFee 877
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AssociationFeeFrequency Monthly
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BathroomsFull 1
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BathroomsHalf 0
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BuildingAreaUnits Square Feet
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BuildingName 501 FIRST RESIDENCES
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CarportSpaces 0
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ConstructionMaterials Concrete Block Construction
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ContractStatusChangeDate 2026-05-08
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Cooling Central Air, Electric
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CoveredSpaces 0
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DaysOnMarket 1
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DirectionFaces North
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DoorFeatures High Impact Doors
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Electric Circuit Breakers
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EntryLevel 29
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EntryLocation Foyer
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ExpirationDate 2026-11-05
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Flooring Ceramic Floor, Tile
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Furnished Furnished
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Heating Central, Electric
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InternetAddressDisplayYN 1
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InternetEntireListingDisplayYN 1
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ListAOR A-Miami Association of REALTORS
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ListAgentDirectPhone 786-548-2728
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ListingTerms Cash
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LotSizeSquareFeet 0
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MLSAreaMajor 501 First Residences
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MajorChangeTimestamp May 8, 2026 at 09:36pm
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MajorChangeType New
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MlsStatus Active
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ModificationTimestamp May 9, 2026 at 03:02am
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OnMarketDate 2026-05-08
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OriginalEntryTimestamp May 8, 2026 at 09:36pm
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OriginalListPrice 589000
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OriginatingSystemID miamire
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OriginatingSystemKey miamire
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OriginatingSystemName Miami Association of REALTORS®
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OtherExpense 0
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ParcelNumber 01-41-01-008-2980
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ParkingFeatures Valet
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PatioAndPorchFeatures Open Balcony, Wrap Around
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PetsAllowed No
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PhotosChangeTimestamp May 8, 2026 at 09:39pm
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PhotosCount 15
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Possession Other
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PostalCode 33132
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PriceChangeTimestamp May 8, 2026 at 09:36pm
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PropertyCondition New Construction
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PublicSurveyRange 41
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PublicSurveySection 1
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PublicSurveyTownship 41
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RoomsTotal 0
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SecurityFeatures Fire Sprinklers, Fire Alarm, Smoke Detector, Security Patrol
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ShowingInstructions See Broker Remarks, Showing Assist
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SourceSystemKey 465620427
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StateOrProvince FL
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StatusChangeTimestamp May 8, 2026 at 09:36pm
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StoriesTotal 40
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StreetDirPrefix NE
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StreetName 5 ST
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StreetNumber 121
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StreetNumberNumeric 121
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StructureType Condo-Hotel, Condo
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SyndicationRemarks 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.
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TaxAnnualAmount 0
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TaxLegalDescription Condominium Parcel No. 2908 of 501 FIRST RESIDENCES CONDOMINIUM
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TaxYear 2026
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UnitNumber 2908
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View Other View, Skyline, Water View
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WindowFeatures Complete Impact Glass, Blinds, Impact Glass
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YearBuiltDetails New Construction
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