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
Listed by Patricio J Orloff
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License #0628501
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Cervera Real Estate Inc.
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786-548-2728
Last updated June 16, 2026
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Source: BeachesMLS #A12015913
Listing Facts
TypeCondo
NeighborhoodMiami Central Business District
Bedrooms1
Bathrooms1
Days on Prevu39
HOA/Maint. Fees$877/month
Size606 sqft
Price per sqft$965
Amenities
Dishwasher
Private Outdoor Space
Washer/Dryer
Bike Storage
Elevator
Parking
Swimming Pool
Location
Mortgage Calculator
Listing History
06/16/2026
Price Decreased
$585,000
05/08/2026
Listed by Cervera Real Estate Inc.
$589,000
Property Details for 121 NE 5 Street 2908
Association
Amenities
Association Amenities: Billiard Room, Bike Storage, Business Center, Clubhouse, Community Kitchen, Fitness Center, Maintenance Grounds, Management, Pool, Spa Hot Tub, Trash, Elevators
Pets Allowed: No
Fees
Association Fee: $877.00 Monthly
Association Fee Includes: Common Areas, Legal Accounting, Maintenance Grounds, Maintenance Structure, Pools, Sewer, Security, Trash, Water
Exterior
Construction
New Construction: Yes
Property Condition: New Construction
Stories Total: 40
Window Features: Blinds
Year Built: 2025
Construction Materials: Block
Entry Level: 29
Exterior Features: Balcony, Lighting, Outdoor Living Area
Features
Direction Faces: North
Patio And Porch Features: Open, Porch, Wrap Around, Balcony
Pool Features: Association, Heated
View: City, Other, Water
Financial
Taxes
Parcel Number: 0141010082980
Tax Year: 2026
Interior
Features
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Flooring: Ceramic Tile, Tile
Interior Features: Bedroom On Main Level, Entrance Foyer, Living Dining Room
Measurements
Living Area: 606
Rooms
Bathrooms Full: 1
Bathrooms Total Integer: 1
Bedrooms Total: 1
Other
Location
Subdivision Name: 501 FIRST RESIDENCES
Parking
Parking
Other Parking: Carport Spaces:0.00
Parking Features: Valet
Schools
Elementary School
Elementary School: Frederick Douglass
High School
High School: Booker T. Washington
Middle or Junior School
Middle Or Junior School: Jose De Diego
Utilities
Equipment
Cooling: Central Air, Electric
Has Cooling: Yes
Electric: Circuit Breakers
Heating: Central, Electric
Has Heating: Yes
Frequently Asked Questions
How many bedrooms and bathrooms does this condo have?
There is 1 bedroom and 1 bathroom in this condo at 121 NE 5 Street 2908.
What schools are nearby to 121 NE 5 Street 2908?
Nearby schools include the Frederick Douglass Elementary School, Jose De Diego Middle School, and Booker T. Washington High School.
How does 121 NE 5 Street 2908 compare to other condos in Miami Central Business District?
This condo is listed 72% below the average price for condos in Miami Central Business District and has been on the market for 105 less days than the typical home in this area.
What building or home owners association is the condo part of?
This condo is in the 501 FIRST RESIDENCES building.
What is the square footage on this condo?
According to the MLS, this listing is 606 sqft.
121 NE 5 Street 2908 is a 1-bedroom, 1-bath condo for sale in Miami FL 33132. Listed on Prevu for 39 days at $585,000. This includes a recent price decrease of $4,000. This residence features 606 square feet of living space, located in Miami Central Business District. The median listing price for condos in this area is $730,000. Nearby schools include Frederick Douglass Elementary School, Jose De Diego Middle School, and Booker T. Washington High School. Additional amenities include private outdoor space, dishwasher, elevator, bike storage, parking, swimming pool, and washer/dryer. View other condo listings in Miami.
Based on information from Beaches MLS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
