121 NE 5 ST, #2908

Miami, FL 33132

-17.66% ($104,000)

121 NE 5 ST, #2908

Miami, FL 33132

DRASTICALLY REDUCED FOR QUICK SALE!-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.

Location

Listing Courtesy of Cervera Real Estate Inc.

Property Information

General Information
    General Information
  • For Lease: No
  • Pet Restrictions : Yes
  • County Or Parish : Miami-Dade
  • Zip Code : 33132
  • City : Miami
  • List Price : $485,000
    Maintenance / Tax Information
  • Tax Amount : $0
  • Tax Year : 2026
  • Membership Required : No
    Building Information
  • Property Type : Residential
  • Subdivision : 501 FIRST RESIDENCES
Virtual Tour / Features / Utilities
    Interior
  • Room Count : 0
  • Equipment Appliances : Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
  • Floor Description : CeramicTile,Tile
  • Interior Features : Bedroom On Main Level, Entrance Foyer, Living Dining Room
  • Beds Total : 1
  • Num of Full Baths : 1
  • Num of Half Baths : 0.0
  • Furnished : Furnished
  • Spa : No
    Exterior
  • Exterior Features : Balcony, Security High Impact Doors, Porch
  • Construction Type : Block
  • Design : High Rise
  • Front Exposure : North
  • Pool : No
  • Pool Description : Association, Heated
  • Windows Treatment : Blinds, ImpactGlass
  • Security : SecurityGuard, FireSprinklerSystem, SmokeDetectors
    Parking
  • Parking Description : Valet
    Utilities
  • Cooling Description : CentralAir, Electric
  • Heating Description : Central, Electric
Property / Lot Information
    Community Information
  • Association Fee: $877
  • Assoc Fee Paid Per: Monthly
    Building Information
  • Parcel Number Free Text: 01-41-01-008-2980
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121 NE 5 ST, #2908 is a condo for sale in Miami, FL 33132. This property was listed for sale on May 08, 2026 by Cervera Real Estate Inc. for $485,000. Located in 501 FIRST RESIDENCES is a 1-bed, 1-bath, 535 ft² / 50 m² sqft condo built in 2025.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and expressly disclaim any liability in connection therewith. No financial or legal advice provided and fully support the principles of the Fair Housing Act and the Equal Opportunity Act.

The data provided by Miami Association of REALTORS® MLS comes from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All data provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Miami Association of Realtors MLS data last updated on Nov 02, 2026.

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