121 NE 5 Street 2908, Miami, FL 33132

$585,000

Virtual Tour

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Virtual Tour

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Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 606 Status: Active

Current Price: $585,000 List Date: 5/08/2026 Last Modified: 7/01/2026

Overview

Description

RENTED FOR $2500 UNTIL 6/14/2027- 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 Br ... (Read more)

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: 2026-06-16T17:12:58Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-16T17:12:58Z
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: 965.34

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

Seller Disclosure ›

Flood Disclosure ›

Listing Office: Cervera Real Estate Inc.

Last Updated: July - 01 - 2026

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