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.
Listing Provided Courtesy of Cervera Real Estate Inc. at 305-374-3434
Property Details
Price:
$485,000
MLS #:
A12015913
Status:
Active
Beds:
1
Baths:
1
Type:
Condo
Subtype:
Condominium
Subdivision:
501 FIRST RESIDENCES
Neighborhood:
2410
Listed Date:
May 8, 2026
Finished Sq Ft:
535
Year Built:
2025
See this Listing
Schools
Elementary School:
Frederick Douglass
Middle School:
Jose De Diego
High School:
Booker T. Washington
Interior
Appliances
Electric Water Heater, Dishwasher, Disposal, Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Washer
Bathrooms
1 Full Bathroom
Cooling
Central Air, Electric
Flooring
Ceramic Tile, Tile
Heating
Central, Electric
Interior Features
Entrance Foyer
Exterior
Association Amenities
Maintenance, Pool, Bike Storage, Billiard Room, Business Center, Clubhouse, Community Room, Elevator(s), Fitness Center, Heated Pool, Kitchen Facilities, Management, Spa/Hot Tub, Trash Chute
Construction Materials
Block
Direction Faces
North
Exterior Features
Balcony, Lighting
New Construction YN
1
Parking Features
Valet
Patio And Porch Features
Porch – Wrap Around, Porch
Security Features
Fire Alarm, Fire Sprinkler System, Security Patrol, Smoke Detector(s)
View
Water, Skyline, Other
Window Features
Blinds
Financial
HOA Fee
$877
HOA Fee Frequency
Monthly
HOA Includes
Pool Service, Common Areas, Elevator, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Security, Sewer, Trash, Water
Tax Year
2026
Map
Community
- Address121 NE 5 Street 2908 Miami FL
- Subdivision501 FIRST RESIDENCES
- CityMiami
- CountyMiami-Dade
- Zip Code33132
Market Summary
Property Summary
- Located in the 501 FIRST RESIDENCES subdivision, 121 NE 5 Street 2908 Miami FL is a Condo for sale in Miami, FL, 33132. It is listed for $485,000 and features 1 beds, 1 baths, and has approximately 535 square feet of living space, and was originally constructed in 2025. The current price per square foot is $907. The average price per square foot for Condo listings in Miami is $693. The average listing price for Condo in Miami is $981,885.
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