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.
Property Details
Price:
$525,000
MLS #:
A12015913
Status:
Active
Beds:
1
Baths:
1
Address:
121 NE 5 ST # 2908
Type:
Condo
Subtype:
Condominium
Subdivision:
501 FIRST RESIDENCES
Neighborhood:
501firstresidences
City:
Miami
Listed Date:
May 8, 2026
State:
FL
Finished Sq Ft:
606
ZIP:
33132
Year Built:
2025
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Schools
Interior
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
Bathrooms
1 Full Bathroom
Cooling
Central Air, Electric
Flooring
Ceramic Floor, Tile
Heating
Central, Electric
Exterior
Architectural Style
Corner Unit, High Rise
Association 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
Construction Materials
Concrete Block Construction
Exterior Features
Open Balcony
Parking Features
Valet
Security Features
Fire Sprinklers, Fire Alarm, Smoke Detector, Security Patrol
Financial
HOA Fee
$877
HOA Frequency
Monthly
Tax Year
2026
Map
Community
- Address121 NE 5 ST # 2908 Miami FL
- Subdivision501 FIRST RESIDENCES
- CityMiami
- CountyMiami-Dade County
- Zip Code33132
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121 NE 5 ST # 2908
Miami, FL
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