121 NE 5 ST # 2908 Miami FL 33132 | MLS #A12015913
121 NE 5 ST # 2908
Miami, FL, 33132
$485,000
1 Beds
1 Baths
535 SqFt
0 Acres
$485,000
121 NE 5 ST # 2908
Miami, FL, 33132
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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.

Property Details

Price:
$485,000
MLS #:
A12015913
Status:
Active
Beds:
1
Baths:
1
Type:
Condo
Subtype:
Condominium
Subdivision:
501 FIRST RESIDENCES
Neighborhood:
501firstresidences
Listed Date:
May 8, 2026
Finished Sq Ft:
535
Year Built:
2025
Newconstruction501 First Residences501firstresidences501 First ResidencesOther Restrictions

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
Interior Features
Interior Hall, Fire Sprinklers, Entrance Foyer

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
Direction Faces
North
Exterior Features
Open Balcony
New Construction YN
1
Parking Features
Valet
Patio And Porch Features
Open Balcony, Wrap Around
Security Features
Fire Sprinklers, Fire Alarm, Smoke Detector, Security Patrol
View
Other View, Skyline, Water View
Window Features
Complete Impact Glass, Blinds, Impact Glass

Financial

HOA Fee
$877
HOA Fee Frequency
Monthly
Tax Year
2026
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Current real estate data for Condo in Miami as of Oct 21, 2026
5,009
Condo Listed
162
Avg DOM
696
Avg $ / SqFt
$995,399
Avg List Price

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Property Summary

    Located in the 501 FIRST RESIDENCES subdivision, 121 NE 5 ST # 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 $696. The average listing price for Condo in Miami is $995,399.
121 NE 5 ST # 2908
Miami, FL