Date
Details
Price
Change
Source
5/08/2026
Listed
$589,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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.
Full Property Details
Full Property Details for 121 NE 5th St #2908
General
- Price: $589,000
- HOA FEE: $877/month
- Taxes: (2026)
- Status: Active
- Type: Condo
- Source: Greater_Miami
- MLS ID: A12015913
- Updated: 5/8/2026
- Added to Site: 5 day(s) ago
Interior
- Interior Features: Interior Hall, Fire Sprinklers, Entrance Foyer
- Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
- Furnished: Yes
- Furnishings: Furnished
- Flooring: Ceramic Floor, Tile
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
- Bedroom Features: Entry Level
Other Rooms
- Dining Room: Dining/Living Room
Additional Information
- Shared 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
- Maint. Includes: All Amenities, Building Exterior, Common Area, Elevator, Legal/Accounting, Manager, Outside Maintenance, Pool Service, Security, Sewer, Trash Removal, Water
- Security/Safety: Fire Sprinklers, Fire Alarm, Smoke Detector, Security Patrol
Exterior
- Exterior Features: Open Balcony
- Deck/Patio: Open Balcony, Wrap Around
Parking
- Parking Features: Valet
Location
- Area: 501 First Residences
- County: Miami-Dade County
- Subdivision: 501 FIRST RESIDENCES
- Building Name: 501 FIRST RESIDENCES
- Direction Faces: North
Community
- Community Name: 501 First Residences
- Association: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Structural Information
- Architectural Style: Corner Unit, High Rise
- Structure Type: Condo-Hotel, Condo
- Detached/Attached: Attached
- Construction: Concrete Block Construction
- Windows: Complete Impact Glass, Blinds, Impact Glass
- Doors: High Impact Doors
- Entry Floor Number: 29
- Entry Location: Foyer
- Square Feet: 606
- Living Area: 606 Sq. Ft.
- Year Built: 2025
- Property Condition: New Construction
Lot Features
- Property View: Other View, Skyline, Water View
Water Features
- Water View: Yes
Financial Considerations
- Price Per Sq. Ft.: $971.95
- Association Fee: $877
- Assoc Fee Freq.: Monthly
- Tax Year: 2026
- Terms: Cash
Disclosures and Reports
- Legal Description: Condominium Parcel No. 2908 of 501 FIRST RESIDENCES CONDOMINIUM
- Restrictions: Other Restrictions
- Property ID: 01-41-01-008-2980
Listed by Cervera Real Estate Inc.
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We Value Your Privacy
Listing agent
— 121 NE 5th St #2908 —
Cervera Real Estate Inc.
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 121 NE 5th St #2908
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Frederick R. Douglass Elementary School 314 Northwest 12th Street, Miami, FL 33136 | PK-5 | 0.7 mi |
Jose De Diego Middle School 3100 Northwest 5th Avenue, Miami, FL 33127 | 6-8 | 2 mi |
Booker T. Washington Senior High School 1200 Northwest 6th Avenue, Miami, FL 33136 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 121 NE 5th St #2908
Estimate the Cost
Estimate the Cost for 121 NE 5th St #2908
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- Condo
- Closed
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- 2Total Baths
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Listed by Stellar Non-Member Office
Sold by La Rosa Realty Llc
Sold by La Rosa Realty Llc
121 NE 5 St #2908, Miami, FL 33132 (MLS# A12015913) is a Condo property with 1 bedroom and 1 full bathroom. 121 NE 5 St #2908 is currently listed for $589,000 and was received on May 08, 2026. Want to learn more about 121 NE 5 St #2908? Do you have questions about finding other Condo real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.