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Homes for sale in Miami
Condominium

121 NE 5 ST # 2908

Miami, FL 33132
$525,000
Beds
1
Baths
1
Sq ft
606
Year built
2025
Price per sq ft
$866

Listing courtesy of Patricio Orloff, Cervera Real Estate Inc.

About this home

RENTED FOR $2500 UNTIL 6/14/2027- BUYER HAS TO ASSUME CURRENT LEASE-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.

Details

Property

Type
Condominium
Style
Corner Unit, High Rise
Building
Condo-Hotel
Year built
2025
Stories
40
Building name
501 FIRST RESIDENCES
Subdivision
501 FIRST RESIDENCES
County
Miami-Dade County
Faces
North
View
Other View, Skyline, Water View

Interior

Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
Flooring
Ceramic Floor, Tile
Cooling
Central Air, Electric
Heating
Central, Electric
Features
Interior Hall, Fire Sprinklers, Entrance Foyer
Furnished
Furnished

Exterior and parking

Exterior
Open Balcony
Patio and porch
Open Balcony, Wrap Around
Parking
Valet
Construction
Concrete Block Construction

Community and fees

Association fee
$877 monthly
Amenities
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
Maintenance includes
All Amenities, Building Exterior, Common Area, Elevator, Legal/Accounting, Manager, Outside Maintenance, Pool Service, Security, Sewer, Trash Removal, Water
Security
Fire Sprinklers, Fire Alarm, Smoke Detector, Security Patrol
Pets
No
Terms
Cash
Minimum lease (days)
1

Neighborhood

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The data relating to real estate for sale or lease on this website comes in part from the Internet Data Exchange (IDX) program of MIAMI REALTORS® MLS. Listings are provided by participating brokers.

Information is deemed reliable but is not guaranteed and should be independently verified. It is subject to change and is provided for consumers’ personal, non-commercial use only, to identify properties they may be interested in. Listing last updated October 2, 2026.