- Overview
- Description
- Property Details
- Location
- HOA Management
- Facts & Features
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$485,000
Monthly Est:$2,414
1 Bed
- 1 Bath
1 full bath
535sqft
121 NE 5 Street #2908, Miami, FL 33132
$485,000
$2,414/moEst:
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Condominium
Built in 2025
$877/mo HOA
-- sqft lot
$907/sq.ft
Description
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.
- Houzeo last checked: 8 minutes ago
- Listing updated: October 21, 2026 at 9:29 pm
- Listing Provided by: Patricio J Orloff (786) 548-2728 DRE #0628501 | Cervera Real Estate Inc. (305) 374-3434
- Source: Beaches MLS-FL | MLS#: A12015913

This condo is in:
Property Details
Status
Active
Type
Condominium
No. of Stories
40
County
City
Neighborhood
Year Built
2025
HOA Fees
$877/mo
Finished Area
535 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
Beaches MLS
MLS Number
A12015913
MLS Status
Active
Days on Market
166
Cumulative Days on Market
166

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Location
HOA Management
N/A
HOA Fees
$877/ Monthly
Amenities
Amenities and services may be covered by one or multiple associations and service providers.
Spa
Pool
Security Guard
Maintenance
Elevator
Club House
Gym
Sewer
Trash Pickup
Parking
Water
CommunityKitchen
LegalAccounting
BilliardRoom
BusinessCenter
Pools
Management
CommonAreas
Disclaimer: Amenities are based on third-party information and may vary; buyers must independently verify all amenities, as information is deemed reliable but not guaranteed.
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: 1
Bathroom: 1
Interior
Heating
Central, Electric
Exterior Features
Balcony, Lighting, Outdoor Living Area
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Interior Features
Bedroom On Main Level, Entrance Foyer, Living Dining Room
Window Features
Blinds
Flooring
Ceramic Tile, Tile
Cooling
Central Air, Electric
Construction
Year Built
Year Built: 2025
Home type
Condominium
Property Condition
New Construction
Construction Materials
Block
Utilities & Energy
Parking Features
Valet
Pool Features
Association, Heated
Security Features
Fire Alarm, Fire Sprinkler System, Smoke Detectors, Security Guard
Electric
Circuit Breakers
Association Amenities
Billiard Room, Bike Storage, Business Center, Clubhouse, Community Kitchen, Fitness Center, Maintenance Grounds, Management, Pool, Spa Hot Tub, Trash, Elevators
Other Features
Subdivision Name
501 First Residences
Patio And Porch Features
Open, Porch, Wrap Around, Balcony
Price History
| Date | Event | Price |
|---|---|---|
10/08/2026 Source: | Price Decreased | $485,000 -7.62% $907/sqft |
08/14/2026 Source: | Off Market | $525,000 -2.42% $981/sqft |
07/27/2026 Source: | Listed for Sale | $538,000 +21420.00% $1,006/sqft |
06/22/2026 Source: | Sold | $2,500 -99.57% $5/sqft |
06/16/2026 Source: | Listed for Sale | $585,000 +23300.00% $1,093/sqft |
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Getting Around 121 NE 5 Street
Walk Score®
Walker's Paradise
96/100
Transit Score®
Rider's Paradise
100/100
Data provided by Redfin
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IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by BeachesMLS. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This data is not verified for authenticity or accuracy and may not reflect all real estate activity in the market. Based on information © 2026 BeachesMLS, Inc. All Rights Reserved.
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