501 FIRST RESIDENCES

121 NE 5 ST # 2908, Miami FL 33132

1 beds · 1 baths · 606 ft²

For Sale · Active Listing

$589,000

Est. Payment $3,135/mo

MLS Sheet Video

1

Bedrooms

1

Bathrooms

606

Sq. Ft.

2025

Year Built

40

Stories

8

Days on Market

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.

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.
$972/ft²
Price per sq. mt.
$10,518/m²
Stories
40
Garage
Pool
Days on Market
8 days
Listed
May 8, 2026
Last Updated
May 16, 2026
Price/Lot Sq.Ft.

Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100
Buyers marketSellers market

68

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).

5/8/2026Listed 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

121 NE 5 ST # 2908, Miami FL 33132Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

GreatSchoolsData provided by GreatSchools.org © 2026. All rights reserved.

Estimated Monthly Payment

$3,776/mo

Principal & Interest

$3,135

Property Tax

$491

Insurance

$150

HOA

$0

20% ($117,800)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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 15 hours ago

Similar listings nearby

More homes in Miami around $589,000.

Call NowWhatsApp