Home›121 NE 5 Street 2908

Residential in Miami

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 Highlights

View

  • Water
  • Other
  • Skyline

Cooling

  • Central Air
  • Electric

Heating

  • Central
  • Electric

Electric

  • Circuit Breakers

Flooring

  • Ceramic Tile
  • Tile

Amenities

  • Bike Storage
  • Billiard Room
  • Business Center
  • Clubhouse
  • Community Room
  • Elevator(s)
  • Fitness Center
  • Heated Pool
  • Kitchen Facilities
  • Management
  • Pool
  • Spa/Hot Tub
  • Trash Chute

Appliances

  • Dishwasher
  • Disposal
  • Dryer
  • Electric Range
  • Ice Maker
  • Microwave
  • Refrigerator
  • Washer
  • Electric Water Heater

Possession

  • Other

Dining Area

  • DiningLiving Room

Restrictions

  • Other Restrictions

Listing Terms

  • Cash

Porch Details

  • Porch - Wrap Around

Balcony Details

  • Balcony - Open

ParkingFeatures

  • Valet

Pets Allowed YN

  • No

Tax Information

  • New Construction

Window Features

  • Blinds

Association Type

  • Condominium

ExteriorFeatures

  • Balcony
  • Lighting

InteriorFeatures

  • Entrance Foyer

Parking Features

  • Valet

SecurityFeatures

  • Fire Alarm
  • Fire Sprinkler System
  • Security Patrol
  • Smoke Detector(s)

Unit Description

  • CornerEnd Unit
  • Interior Hallway
  • High Rise

Exterior Features

  • Lighting

Interior Features

  • Entrance Foyer

Security Features

  • Fire Alarm
  • Fire Sprinkler System
  • Security Patrol
  • Smoke Detector(s)

Master BedroomBath

  • Bedroom On Entry Level

Property Condition

  • New Construction

AssociationAmenities

  • 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

Showing Requirements

  • Showing Service

Water Heater Details

  • Electric Water Heater

Association Amenities

  • Maintenance

Outdoor Living Spaces

  • Balcony
  • Porch

PatioAndPorchFeatures

  • Porch - Wrap Around
  • Porch

Construction Materials

  • Block

Application Information

  • 1-2 Weeks Approval
  • Association Approval Required

Association Fee Includes

  • Common Areas
  • Elevator
  • LegalAccounting
  • Maintenance Grounds
  • Maintenance Structure
  • Pool Service
  • Security
  • Sewer
  • Trash
  • Water

Leasing

  • Minimum lease: 1 day
  • Leases per year: 365

Property Details

Property TypeResidential
StyleCondominium
Year Built2025
CountyMiami-Dade
Subdivision501 FIRST RESIDENCES
Living Area535 sq ft
Bedrooms1
Baths1
Half Baths0
Unit Number2908
HOA Fee$877 / Monthly
HOA IncludesPool Service, Common Areas, Elevator, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Security, Sewer, Trash, Water
Annual Tax$0 (2026)
Special AssessmentNo
Pets AllowedNo
Listing OfficeCervera Real Estate Inc.
Listing AgentPatricio J Orloff
Office Phone305-374-3434

121 NE 5 Street 2908, Miami, FL 33132