121 NE 5 ST # 2908, Miami FL 33132,33132,Miami,Miami-Dade County
  • $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.

Overview

  • Condominium
    Type
  • 1
    Bedroom
  • 1
    Bathroom
  • 0
    Garage
  • 606 sqft
    Area Size
  • 2025
    Year Built
  • A12015913
    Property ID

Details

Actualizado en mayo 10, 2026 a 10:17 am
  • Property ID A12015913
  • Price $589,000
  • Property Size 606 sqft
  • Bedroom 1
  • Bathroom 1
  • Garage 0
  • Year Built 2025
  • Type Condominium
  • Property Status Residential

Additional details

  • ArchitecturalStyle Corner Unit, High Rise
  • 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
  • AssociationFee 877
  • AssociationFeeFrequency Monthly
  • BathroomsFull 1
  • BathroomsHalf 0
  • BuildingAreaUnits Square Feet
  • BuildingName 501 FIRST RESIDENCES
  • CarportSpaces 0
  • ConstructionMaterials Concrete Block Construction
  • ContractStatusChangeDate 2026-05-08
  • Cooling Central Air, Electric
  • CoveredSpaces 0
  • DaysOnMarket 2
  • DirectionFaces North
  • DoorFeatures High Impact Doors
  • Electric Circuit Breakers
  • EntryLevel 29
  • EntryLocation Foyer
  • ExpirationDate 2026-11-05
  • Flooring Ceramic Floor, Tile
  • Furnished Furnished
  • Heating Central, Electric
  • InternetAddressDisplayYN 1
  • InternetEntireListingDisplayYN 1
  • ListAOR A-Miami Association of REALTORS
  • ListAgentDirectPhone 786-548-2728
  • ListAgentEmail orloffpat@gmail.com
  • ListAgentFullName Patricio Orloff
  • ListAgentKey b04b5493b4fcff09d26387b9cb2dd3c3
  • ListAgentMlsId 0628501
  • ListAgentOfficePhone 305-374-3434
  • ListAgentStateLicense 0628501
  • ListOfficeFax 305-374-6901
  • ListOfficeKey 73f2965265ca19e6148b07391eca9b85
  • ListOfficeMlsId CERN01
  • ListOfficeName Cervera Real Estate Inc.
  • ListOfficePhone 305-374-3434
  • ListOfficeURL https://youtube.com/shorts/PVCk2W0YXxM
  • ListingAgreement Exclusive Right To Sell
  • ListingContractDate 2026-05-08
  • ListingKey dd9937edbd01e7a165d2a2232c8744a7
  • ListingTerms Cash
  • LotSizeSquareFeet 0
  • MLSAreaMajor 501 First Residences
  • MajorChangeTimestamp May 8, 2026 at 09:36pm
  • MajorChangeType New
  • MlsStatus Active
  • ModificationTimestamp May 10, 2026 at 09:01am
  • OnMarketDate 2026-05-08
  • OriginalEntryTimestamp May 8, 2026 at 09:36pm
  • OriginalListPrice 589000
  • OriginatingSystemID miamire
  • OriginatingSystemKey miamire
  • OriginatingSystemName Miami Association of REALTORS®
  • OtherExpense 0
  • ParcelNumber 01-41-01-008-2980
  • ParkingFeatures Valet
  • PatioAndPorchFeatures Open Balcony, Wrap Around
  • PetsAllowed No
  • PhotosChangeTimestamp May 8, 2026 at 09:39pm
  • PhotosCount 15
  • Possession Other
  • PriceChangeTimestamp May 8, 2026 at 09:36pm
  • PropertyCondition New Construction
  • PublicSurveyRange 41
  • PublicSurveySection 1
  • PublicSurveyTownship 41
  • RoomsTotal 0
  • SecurityFeatures Fire Sprinklers, Fire Alarm, Smoke Detector, Security Patrol
  • ShowingInstructions See Broker Remarks, Showing Assist
  • SourceSystemKey 465620427
  • StateOrProvince FL
  • StatusChangeTimestamp May 8, 2026 at 09:36pm
  • StoriesTotal 40
  • StreetDirPrefix NE
  • StreetName 5 ST
  • StreetNumber 121
  • StreetNumberNumeric 121
  • StructureType Condo-Hotel, Condo
  • 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.
  • TaxAnnualAmount 0
  • TaxLegalDescription Condominium Parcel No. 2908 of 501 FIRST RESIDENCES CONDOMINIUM
  • TaxYear 2026
  • UnitNumber 2908
  • View Other View, Skyline, Water View
  • WindowFeatures Complete Impact Glass, Blinds, Impact Glass
  • YearBuiltDetails New Construction
  • Address: 5 ST
  • City: Miami
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33132
  • Area: 501 First Residences

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