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$585,000
121 NE 5 Street 2908
Miami, FL 33132
MLS# A12015913
1 beds  |  1 baths


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Property 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 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.

Details
Contract Information
Comp Sale YN: No
Occupant Type: Call Listing Agent
Listing Date: 2026-05-08
Status: Active
Original List Price: 589000
List Price: $585,000
Current Price: $585,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: 1
Postal Zip: 33132
Development Name: 501 FIRST RESIDENCES
Subdivision Number: 8
Special Assessment YN: No
Country: United States
Street Number: 121
Street Direction Prefix: NE
Street Name: 5
Street Suffix: Street
Unit Number: 2908
State Or Province: FL
Postal Code: 33132
Subdivision Name: 501 FIRST RESIDENCES
Area: 2410
Elementary School: Frederick Douglass
Middle Or Junior School: Jose De Diego
High School: Booker T. Washington
Parcel Number: 0141010082980
General Property Information
Lease MLS ID: A11966090
Unit Floor #: 29
Living Area Main: 606
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Furnished: Furnished
Stories Total: 40
Property Sub Type: Condominium
Bedrooms Total: 1
Bathrooms Total: 1
Bathrooms Full: 1
Year Built: 2025
Direction Faces: North
Financial Information
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 877
Membership Fee Required YN: No
Association YN: 1
Association Fee: 877
Association Fee Frequency: Monthly
Tax Year: 2026
Tax Legal Description: Condominium Parcel No. 2908 of 501 FIRST RESIDENCES CONDOMINIUM
Office/Member Information
DXORIGMLSID: SEF
Application Fee Details
Application Fee Required: Yes
Application Fee: 100
Application Information
1-2 Weeks Approval: 1
Association Approval Required: 1
Amenities
Bike Storage: 1
Billiard Room: 1
Business Center: 1
Clubhouse: 1
Community Room: 1
Elevator(s): 1
Fitness Center: 1
Heated Pool: 1
Kitchen Facilities: 1
Management: 1
Pool: 1
Spa/Hot Tub: 1
Trash Chute: 1
Association Amenities
Maintenance: 1
Association Fee Includes
Common Areas: 1
Elevator: 1
Legal/Accounting: 1
Maintenance Grounds: 1
Maintenance Structure: 1
Pool Service: 1
Security: 1
Sewer: 1
Trash: 1
Water: 1
Dining Area
Dining/Living Room: 1
Electric
Circuit Breakers: 1
Exterior Features
Lighting: 1
Flooring
Ceramic Tile: 1
Tile: 1
Parking Features
Valet: 1
Property Condition
New Construction: 1
Possession
Other: 1
View
Water: 1
Other: 1
Skyline: 1
Heating
Central: 1
Electric: 1
Leasing Restrictions
Leasing - Max Times Per Year: 365
Leasing - Minimum Number of Days: 1
Unit Description
Corner/End Unit: 1
Interior Hallway: 1
High Rise: 1
Window Features
Blinds: 1
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Electric Range: 1
Ice Maker: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Construction Materials
Block: 1
Interior Features
Entrance Foyer: 1
Listing Terms
Cash: 1
Security Features
Fire Alarm: 1
Fire Sprinkler System: 1
Security Patrol: 1
Smoke Detector(s): 1
Water Heater Details
Electric Water Heater: 1
Cooling
Central Air: 1
Electric: 1
Association Type
Condominium: 1
Showing Requirements
Showing Service: 1
Master Bedroom/Bath
Bedroom On Entry Level: 1
Pets Allowed YN
No: 1
Restrictions
Other Restrictions: 1
Storm Protection
Impact Glass: Complete
Tax Information
New Construction: 1
Outdoor Living Spaces
Balcony: 1
Porch: 1
Balcony Details
Balcony - Open: 1
Porch Details
Porch - Wrap Around: 1
Price Calculations
Current Price To SqFt: 965.34
Section Details
Parcel Number MLX: 2980
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
Originating Details
Originating System Key: 465620427
Originating System ID: M00000151
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

IDX
Listing Office: Cervera Real Estate Inc.

Last Updated: July - 25 - 2026

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