121 5 Street Unit 2908, Miami, FL 33132

$485,000 — Active

Property Features

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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.

▼ Price Reduced — originally listed at $589,000

Property Details

  • Listing ID: A12015913
  • Status: Active
  • Listing Date: 2026-05-08
  • Property Type: Condominium
  • Unit / Building #: 2908
  • Subdivision: 501 FIRST RESIDENCES
  • County: Miami-Dade
  • MLS Area: 2410
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Living Area Sq Ft: 535
  • Year Built: 2025

Financial

  • List Price: $485,000
  • Original List Price: $589,000
  • HOA Fee: $877/mo
  • Taxes: N/A

Features & Amenities

  • View: Other, Skyline, Water
  • Furnished: Furnished
  • Pets Allowed: No
  • Parking: Valet
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Flooring: Ceramic Tile, Tile
  • Construction: Block
  • Interior Features: Entrance Foyer
  • Exterior Features: Lighting, Balcony
  • Community Amenities: Billiard Room, Clubhouse, Elevator(s), Fitness Center, Management, Pool, Spa/Hot Tub, Trash Chute, Bike Storage, Business Center, Community Room, Heated Pool, Kitchen Facilities, Maintenance

Courtesy of Cervera Real Estate Inc.
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