121 NE 5 Street 2908 Miami, FL $ 589,000
121 NE 5 Street 2908
$ 589,000
Recently Listed New Construction
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121 NE 5 Street 2908

Miami, FL, 33132
$ 589,000
Bedrooms1 Baths1.0 Sq 606

Monthly Estimate*

$ 3,719

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Condo for sale in Miami, FL

for $589,000 with 1 bedroom and 1 full bath. This 606 square foot condo was built in 2025.

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.

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Condo Active

Price

$ 589,000

Bedrooms

1

Full Bath

1

Property Type

Condo

Taxes

$ 0

Style

Year Built

2025

Town/City

Miami

County/Region

Miami-Dade

MLS | Web ID

A12015913

Features
General
Heating Central Electric
Cooling CentralAir Electric
Possession Other
Appliances Dryer Dishwasher ElectricRange ElectricWaterHeater Disposal IceMaker Microwave Refrigerator Washer
HOA Fee 877
Garage Spaces 0
Association Fee Includes CommonAreas LegalAccounting MaintenanceGrounds MaintenanceStructure Pools Sewer Security Trash Water
Patio/Porch Features Open Porch WrapAround Balcony
Pool Features Association Heated
Security Features FireAlarm FireSprinklerSystem SmokeDetectors SecurityGuard
Construction Materials Block
Pets Allowed No
Year Built 2025
Electric CircuitBreakers
View City Other Water
Unit Number 2908
Property Subtype Condominium
Tax Year 2026
Assoc Fee Paid Per Monthly
County Miami-Dade
New Construction true
Property Type Residential
Association Amenities BilliardRoom BikeStorage BusinessCenter Clubhouse CommunityKitchen FitnessCenter MaintenanceGrounds Management Pool SpaHotTub Trash Elevators
Subdivision Name 501 FIRST RESIDENCES
Facing Direction North
Garage Y/N false
Full Baths 1
Status Active
High School Booker T. Washington
City Miami
Senior Community Y/N false
MLS Area 2410
Carport Spaces 0
Elementary School Frederick Douglass
Tax Annual Amount 0
Middle/Junior High School Jose De Diego
Property Condition NewConstruction
Virtual Tour https://youtube.com/shorts/PVCk2W0YXxM
Standard Status Active
Occupancy Type CallAgent
Property Sub Type Additional Condominium
Legal Description Condominium Parcel No. 2908 of 501 FIRST RESIDENCES CONDOMINIUM
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Interior
Interior Amenities BedroomOnMainLevel EntranceFoyer LivingDiningRoom
Flooring CeramicTile Tile
Furnished Y/N Furnished
Total Stories 40
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds
Half Baths 0
Total Bedrooms 1
Entry Level 29
Total Baths 1
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Exterior
Exterior Amenities Balcony Lighting OutdoorLivingArea
Parking Features Valet
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Patricio J Orloff

Listing Agent

Affordability Calculator

$3,719
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,719
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4818610 Elementary School
4809958 Middle School
Booker T. Washington High School High School
Pricing History
DatePricePrice ChangeDescription
6/9/2026$589,000 Listed Price

Map


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121 NE 5 Street 2908, Miami, FL, 33132 is a Condo for sale at $589,000 with 606 sqft. 121 NE 5 Street 2908 has 1 bedrooms, 1.0 baths, and was built in 2025. The property's zip code is 33132 which is in Miami, FL