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$ 585,000

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Active

121 NE 5 ST #2908 Miami, FL 33132

1 Bed

1 Bath

606 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 606 sqft

Price per Sqft $965

Subdivision 501 First Residences

MLS Listing ID A12015913

Bedrooms 1

Full Baths 1

Construction Status New Construction

HOA Fees $877/mo

HOA Y/N Yes

Total Fin. Sqft 606

Year Built 2025

Tax Year 2026

Property Sub-Type Condominium

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.

Location

State FL

County Miami-dade

Area 2410

Direction North

Interior

Interior Features Bedroom on Main Level, Entrance Foyer, Living/Dining Room

Heating Central, Electric

Cooling Central Air, Electric

Flooring Ceramic Tile, Tile

Furnishings Furnished

Fireplace No

Window Features Blinds

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

Unit Floor 29

Exterior

Exterior Feature Balcony, Lighting, Outdoor Living Area

Parking Features Valet

Pool Association, Heated

Amenities Available Billiard Room, Bike Storage, Business Center, Clubhouse, Community Kitchen, Fitness Center, Maintenance Grounds, Management, Pool, Spa/Hot Tub, Trash, Elevator(s)

View Y/N Yes

View City, Other, Water

Porch Open, Porch, Wrap Around, Balcony

Garage No

Building

Faces North

Story 40

Unit Floor 29

Structure Type Block

New Construction Yes

Construction Status New Construction

Schools

Elementary Schools Frederick Douglass

Middle Schools Jose De Diego

High Schools Booker T. Washington

Others

Pets Allowed No

HOA Fee Include Common Areas,Legal/Accounting,Maintenance Grounds,Maintenance Structure,Pool(s),Sewer,Security,Trash,Water

Senior Community No

Restrictions Other Restrictions

Tax ID 0141010082980

Security Features Fire Alarm,Fire Sprinkler System,Smoke Detector(s),Security Guard

Acceptable Financing Cash

Membership Fee Required false

Listing Terms Cash