121 NE 5 Street 2908, Miami, FL 33132
$589,000
Property Type:
Residential
Bedrooms:
1
Baths:
1
Square Footage:
606
Status:
Active
Current Price:
$589,000
List Date:
5/08/2026
Last Modified:
6/10/2026
Overview
Description
...
(Read more)
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.
Listing Details MLS# A12015913
General Property Information
- Lease MLS ID
- A11966090
- Unit Floor #
- 29
- Property Sub Type
- Condominium
- Bedrooms Total
- Yes
- Bathrooms Total
- Yes
- Bathrooms Full
- Yes
- Living Area Main
- 606
- Year Built
- 2025
- Senior Community YN
- No
- Outdoor Living Spaces YN
- Yes
- Stories Total
- 40
- Direction Faces
- North
- Furnished
- Furnished
Property Features
Application Information:
1-2 Weeks Approval; Association Approval Required
Association Amenities:
Maintenance
Association Fee Includes:
Common Areas; Elevator; Legal/Accounting; Maintenance Grounds; Maintenance Structure; Pool Service; Security; Sewer; Trash; Water
Dining Area:
Dining/Living Room
Electric:
Circuit Breakers
Exterior Features:
Lighting
Flooring:
Ceramic Tile; Tile
Parking Features:
Valet
Property Condition:
New Construction
Appliances:
Dishwasher; Disposal; Dryer; Electric Range; Ice Maker; Microwave; Refrigerator; Washer
Water Heater Details:
Electric Water Heater
Construction Materials:
Block
Cooling:
Central Air
Association Type:
Condominium
Heating:
Central; Electric
Interior Features:
Entrance Foyer
Listing Terms:
Cash
Pets Allowed YN:
No
Possession:
Other
Restrictions:
Other Restrictions
Security Features:
Fire Alarm; Fire Sprinkler System; Security Patrol; Smoke Detector(s)
Tax Information:
New Construction
Unit Description:
Corner/End Unit; Interior Hallway; High Rise
View:
Water; Other; Skyline
Window Features:
Blinds
Showing Requirements:
Showing Service
Outdoor Living Spaces:
Balcony; Porch
Balcony Details:
Balcony - Open
Porch Details:
Porch - Wrap Around
Contract Information
- Comp Sale YN
- No
- Original List Price
- 589000
- Occupant Type
- Call Listing Agent
Location and Legal
- Country
- United States
- County Or Parish
- Miami-Dade
- County Parish Name
- Miami-Dade
- Street Number
- 121
- Street Direction Prefix
- NE
- Street Name
- 5
- Street Suffix
- Street
- Unit Number
- 2908
- City Name
- Miami
- Municipal Code
- Yes
- State Or Province
- FL
- Postal Code
- 33132
- Postal Zip
- 33132
- Subdivision Name
- 501 FIRST RESIDENCES
- Development Name
- 501 FIRST RESIDENCES
- Area
- 2410
- Elementary School
- Frederick Douglass
- Middle Or Junior School
- Jose De Diego
- High School
- Booker T. Washington
- Special Assessment YN
- No
- Parcel Number
- 0141010082980
- Subdivision Number
- 8
Financial Information
- Association YN
- Yes
- Association Fee
- 877
- Association Fee Frequency
- Monthly
- Application Required YN
- Yes
- Membership Fee Required YN
- No
- Tax Year
- 2026
- Tax Legal Description
- Condominium Parcel No. 2908 of 501 FIRST RESIDENCES CONDOMINIUM
Status Change Information
- Major Change Timestamp
- 2026-05-08T04:00:00Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-05-08
More Information
Application Fee Details
- Application Fee Required
- Yes
- Application Fee
- 100
Leasing Restrictions
- Leasing - Max Times Per Year
- 365
- Leasing - Minimum Number of Days
- Yes
Storm Protection
- Impact Glass
- Complete
Price Calculations
- Current Price To SqFt
- 971.94
Section Details
- Parcel Number MLX
- 2980
Originating Details
- Originating System Key
- 465620427
- Originating System ID
- M00000151
Office/Member Information
- DXORIGMLSID
- SEF
Application Information
- 1-2 Weeks Approval
- Yes
- Association Approval Required
- Yes
Amenities
- Bike Storage
- Yes
- Billiard Room
- Yes
- Business Center
- Yes
- Clubhouse
- Yes
- Community Room
- Yes
- Elevator(s)
- Yes
- Fitness Center
- Yes
- Heated Pool
- Yes
- Kitchen Facilities
- Yes
- Management
- Yes
- Pool
- Yes
- Spa/Hot Tub
- Yes
- Trash Chute
- Yes
Association Amenities
- Maintenance
- Yes
Association Fee Includes
- Common Areas
- Yes
- Elevator
- Yes
- Legal/Accounting
- Yes
- Maintenance Grounds
- Yes
- Maintenance Structure
- Yes
- Pool Service
- Yes
- Security
- Yes
- Sewer
- Yes
- Trash
- Yes
- Water
- Yes
Dining Area
- Dining/Living Room
- Yes
Electric
- Circuit Breakers
- Yes
Exterior Features
- Lighting
- Yes
Flooring
- Ceramic Tile
- Yes
- Tile
- Yes
Parking Features
- Valet
- Yes
Property Condition
- New Construction
- Yes
Possession
- Other
- Yes
View
- Water
- Yes
- Other
- Yes
- Skyline
- Yes
Heating
- Central
- Yes
- Electric
- Yes
Unit Description
- Corner/End Unit
- Yes
- Interior Hallway
- Yes
- High Rise
- Yes
Window Features
- Blinds
- Yes
Appliances
- Dishwasher
- Yes
- Disposal
- Yes
- Dryer
- Yes
- Electric Range
- Yes
- Ice Maker
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Washer
- Yes
Construction Materials
- Block
- Yes
Interior Features
- Entrance Foyer
- Yes
Listing Terms
- Cash
- Yes
Security Features
- Fire Alarm
- Yes
- Fire Sprinkler System
- Yes
- Security Patrol
- Yes
- Smoke Detector(s)
- Yes
Water Heater Details
- Electric Water Heater
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
Association Type
- Condominium
- Yes
Showing Requirements
- Showing Service
- Yes
Master Bedroom/Bath
- Bedroom On Entry Level
- Yes
Pets Allowed YN
- No
- Yes
Restrictions
- Other Restrictions
- Yes
Tax Information
- New Construction
- Yes
Outdoor Living Spaces
- Balcony
- Yes
- Porch
- Yes
Balcony Details
- Balcony - Open
- Yes
Porch Details
- Porch - Wrap Around
- Yes
Documents
Listing Office:
Cervera Real Estate Inc.
Last Updated: June - 10 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
