15
  • Type
  • Condominium
  • 1
  • Bedroom
  • 1
  • Bathroom
  • 0
  • Garage
  • 606 Sq Ft
  • Area Size
121 NE 5 ST # 2908, Miami FL 33132 | Miami-Dade County | A12015913
  • $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

This 1-bedroom, 1-bathroom residence is part of the newly completed 501 First Residences, a high-rise condo building in the heart of Miami’s Worldcenter district. The unit, located on the 29th floor, measures 535 square feet of interior space, with an additional 86 square feet of balcony. Designed for efficiency and modern living, it includes a sleek layout and no rental restrictions, making it well-suited for both investment and personal use. Unit 2908 offers north-facing skyline views from its elevated position, with a balcony that overlooks key Miami landmarks such as the Freedom Tower and the Kaseya Center. The property is part of a prime development at the center of the multi-billion-dollar Worldcenter project, known for its convenience and future growth potential. With a modern floorplan and a location near major urban developments, the unit is designed to appeal to buyers seeking long-term value and lifestyle flexibility. The building offers an HOA fee of $877 per month, and the unit is listed at $589,000. Directly adjacent to the Brightline high-speed rail station, the location provides strong accessibility and convenience for residents and short-term guests. This turnkey opportunity is ideal for those looking to own a modern, efficient space in a rapidly evolving neighborhood. For more information or to schedule a visit, call 305-859-4733.

Frequently Asked Questions

What is the size of the unit?

The unit has 535 square feet of interior living space and an additional 86 square feet on the balcony for a total of 606 square feet.

What are the HOA fees?

The monthly HOA fee is $877.

Is there a rental restriction on the property?

No, there are no rental restrictions on this unit.

What are the views from the unit?

The unit offers north-facing skyline views, including the Freedom Tower and the Kaseya Center.

Where is the building located?

The building is located at 121 NE 5 ST #2908, Miami, FL 33132, in the heart of Miami’s Worldcenter district.

When was the building completed?

The building was completed in 2025.

Monthly Fees & Carrying Costs

Association Fee $877 / month
Total Monthly Fees $877 / month
  • Membership Required: No
  • Application Fee: $100 (one-time)
  • Address: 5 ST
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33132
  • Area: 501 First Residences

Details

Updated on June 30, 2026 at 5:39 pm
  • Property ID A12015913
  • Price $585,000
  • Property Size 606 Sq Ft
  • Bedroom 1
  • Room 0
  • Bathroom 1
  • Garage 0
  • Year Built 2025
  • Type Condominium
  • Property Status Active, Residential

Additional details

  • Flooring Ceramic Floor, Tile
  • Bedroom Features Entry Level
  • Cooling Central Air, Electric
  • Association Type Condo
  • Building 501 FIRST RESIDENCES
  • Association Fee Frequency Monthly
  • Area 501 First Residences
  • Annual Tax 0
  • Association Yes
  • Private Pool No
  • Listing Terms Cash
  • Waterfront No
  • Full Bathrooms 1
  • Subdivision 501 FIRST RESIDENCES
  • Total Stories 40
  • Restrictions Other Restrictions
  • Parking Valet
  • Heating Central, Electric
  • Structure Type Condo-Hotel, Condo
  • Tax Year 2026
  • Construction Concrete Block Construction
  • Covered Spaces 0
  • Unit Floor 29
  • View Other View, Skyline, Water View
  • Year Built Details New Construction
  • Pets Allowed No
  • Attached Yes
  • Unit Number 2908
  • Half Bathrooms 0
  • Patio / Porch Open Balcony, Wrap Around
  • New Construction Yes
  • Garage Spaces 0
  • Style Condo-Hotel
  • Association Fee 877
  • Lot Size (Sq Ft) 0
  • Membership Purchase Required No

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Christopher Lazaro

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