501 FIRST RESIDENCES
121 NE 5 ST # 2908, Miami FL 33132
1 beds · 1 baths · 606 ft²
1
Bedrooms
1
Bathrooms
606
Sq. Ft.
2025
Year Built
40
Stories
54
Days on Market
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.
Facts
- MLS#
- A12015913
- Subdivision
- 501 FIRST RESIDENCES
- Property Type
- Residential
- Property Sub Type
- Condominium
- Year Built
- 2025
- Lot Size
- 0 sqft
- Sq. Ft.
- 606 ft²
- Sq. Mt.
- 56 m²
- Price per sq. ft.
- $965/ft²
- Price per sq. mt.
- $10,446/m²
- Stories
- 40
- Garage
- —
- Pool
- —
- Days on Market
- 54 days
- Listed
- May 8, 2026
- Last Updated
- Jul 1, 2026
- Price/Lot Sq.Ft.
- —
Comparable homes
Same ZIP, similar price + bedrooms.

$594,900
1 bd · 2 ba · 591 sqft
121 NE 5th Steet # 3313, Miami FL 33132

$599,000
1 bd · 1 ba · 630 sqft
11 NE 6th Street # 1912, Miami FL 33132

$599,900
1 bd · 1 ba · 637 sqft
601 NE 1st Street # 4204, Miami FL 33132

$570,000
1 bd · 1 ba · 504 sqft
159 NE 6th St # 2608, Miami FL 33132

$610,000
1 bd · 1 ba · 641 sqft
601 NE 1 Ave # 4704, Miami FL 33132
SOLD$550,000
1 bd · 2 ba · 937 sqft
851 NE 1st Ave # 2102, Miami FL 33132
$550,000
1 bd · 2 ba · 880 sqft
488 NE 18th Street # 3503, Miami FL 33132
SOLD$549,000
1 bd · 2 ba · 1,029 sqft
1040 Biscayne Blvd # 4208, Miami FL 33132
Market insights for Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
July 2026
43
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 6/16/2026 | Price change | $585,000-0.7% |
| 5/8/2026 | Listed for sale | $589,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Gulfstream Elementary SchoolPK,KG,1,2,3,4,5 · public · 0.9 mi
Cutler Ridge Umc KindergartenPK,KG · private · 1.0 mi
Kid's Club AcademyPK,KG,1 · private · 1.1 mi
Dr. Edward L. Whigham Elementary SchoolPK,KG,1,2,3,4,5 · public · 1.1 mi
Mater Academy Bay ElementaryKG,1,2,3,4,5 · charter · 1.2 mi
Mater Academy Bay Middle School6,7,8 · charter · 1.2 mi
Mater High South9,10,11,12 · charter · 1.2 mi
Coral Reef Montessori Academy CharterKG,1,2,3,4,5,6,7,8 · charter · 1.2 mi
Cutler Bay Senior High School9,10,11,12 · public · 1.3 mi
Cutler Ridge Christian AcademyPK,KG,1,2,3,4,5,6,7,8 · private · 1.3 mi
Estimated Monthly Payment
$3,751/mo
Principal & Interest
$3,114
Property Tax
$488
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
Similar listings nearby
More homes in Miami around $585,000.

15012 SW 177th Ter, Miami FL 33187

55 SW 9th ST # 2108, Miami FL 33130

12774 NW 22nd Pl, Miami FL 33167

601 NE 36th St # 1103, Miami FL 33137

8331 SW 124th Ave # 14, Miami FL 33183

780 NE 69th St # N808, Miami FL 33138
