$485,000
1 bd · 1 ba · 535 sq ft · Condominium
121 NE 5 ST # 2908, Miami FL 33132
For Sale · Active listing
Est. payment $2,665/mo · Mortgage calculator
Listed by Cervera Real Estate Inc. / Patricio Orloff
Contact: 786-548-2728 (listing contact).
Shown through Slice Realty. Requests from this page reach Slice Realty / Propiedad Futura, not the listing agent.
About this home
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.
Facts
- MLS #
- A12015913
- Subdivision
- 501 FIRST RESIDENCES
- Property type
- Residential
- Property subtype
- Condominium
- Sq. ft.
- 535
- Price per sq. ft.
- $907 / sq ft
- Year built
- 2025 (New Construction)
- Days on market
- 167
- County
- Miami-Dade County
- Date listed
- May 8, 2026
- Last updated
- Oct 22, 2026
Financial considerations
- HOA fee
- $877 monthly
- HOA 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
Exterior features
- Waterfront
- No
- View
- Other View, Skyline, Water View
- Construction
- Concrete Block Construction
- Additional features
- Open Balcony
Interior features
- Furnished
- Furnished
- Heating
- Central, Electric
- Cooling
- Central Air, Electric
- Appliances
- Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
- Window features
- Complete Impact Glass, Blinds, Impact Glass
- Additional features
- Interior Hall, Fire Sprinklers, Entrance Foyer
Additional features
- Pets allowed
- No
- Security
- Fire Sprinklers, Fire Alarm, Smoke Detector, Security Patrol
Mortgage calculator
Includes principal and interest, taxes and insurance.
Rate: Freddie Mac 30-year average (2026-10-22). Estimate only.
Local context (our analysis)
Area stats are available for our covered neighborhoods. See neighborhoods.
Source: Southeast Florida MLS (SEFMLS). Last updated Oct 22, 2026, 11:23 AM ET
Listing data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.