Premier Brokers International
121 NE 5 Street 2908, Miami, FL 33132
ActiveMLS listing sourceMIAMI REALTORS® MLS
ActiveMLS® A12015913
$525,000

121 NE 5 Street 2908, Miami, FL 33132

Beds
1
Baths
1
Sqft
606
Est. payment$3,864/mo
Home type
Condominium
Year built
2025
Lot size
—
Price / sqft
$866
HOA
$877/mo
Community
501 FIRST RESIDENCES

Property description

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.

Listing activity

Days on market
144
Listed
May 8, 2026
MLS listing updated
6 hours ago
Feed last checked
Just now

Listed by Patricio J Orloff · Cervera Real Estate Inc.

Map

Map location is based on MLS-supplied coordinates. Verify the location before relying on it.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms
1
Bathrooms
1
Bathrooms (decimal)
1
Full bathrooms
1
Half bathrooms
0

Rooms & features

Rooms
0
Interior features
Entrance Foyer
Flooring
Ceramic Tile, Tile
Appliances
Electric Water Heater, Dishwasher, Disposal, Dryer, Electric Range, Ice Maker, Microwave, Refrigerator, Washer
Furnished
Furnished
Window features
Blinds

Heating & cooling

Heating
Central, Electric
Cooling
Central Air, Electric
Property

Parking

Garage spaces
0
Carport spaces
0
Covered spaces
0
Parking features
Valet
Attached garage
No

Exterior

Stories
40
Patio & porch
Porch - Wrap Around, Porch
Exterior features
Balcony, Lighting
View
Water, Skyline, Other
Waterfront property
No
Construction

Type & style

Home type
Condominium
Year built
2025
New construction
Yes

Materials

Construction
Block
Property condition
New Construction
Faces
North
Utilities & green energy

Utilities

Electric
Circuit Breakers
Community & HOA

Community

Subdivision
501 FIRST RESIDENCES
MLS area
2410
Security
Fire Alarm, Fire Sprinkler System, Security Patrol, Smoke Detector(s)
Pets allowed
No
55+ community
No

Association

Has association
Yes
Association fee
$877 monthly
Estimated monthly dues
$877
Amenities
Maintenance, Pool, Bike Storage, Billiard Room, Business Center, Clubhouse, Community Room, Elevator(s), Fitness Center, Heated Pool, Kitchen Facilities, Management, Spa/Hot Tub, Trash Chute
Services included
Pool Service, Common Areas, Elevator, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Security, Sewer, Trash, Water
Lease details

Not reported by the listing source.

Location

Area details

City
Miami
County
Miami-Dade
ZIP code
33132
Manufactured home details

Not reported by the listing source.

Financial & listing details

Listing

MLS number
A12015913
Possession
Other
Original list price
$589,000
Parcel number
0141010082980
Annual property tax
$0
Tax year
2026
Tax legal description
Condominium Parcel No. 2908 of 501 FIRST RESIDENCES CONDOMINIUM
Additional MLS details

Reported by the listing source

Association Amenities
Maintenance, Pool, Bike Storage, Billiard Room, Business Center, Clubhouse, Community Room, Elevator(s), Fitness Center, Heated Pool, Kitchen Facilities, Management, Spa/Hot Tub, Trash Chute
Association Fee Frequency
Monthly
Association Fee Includes
Pool Service, Common Areas, Elevator, Legal/Accounting, Maintenance Grounds, Maintenance Structure, Security, Sewer, Trash, Water
Association
Yes
Bathrooms Total Decimal
1
Bathrooms Total Integer
1
Construction Materials
Block
County Or Parish
Miami-Dade
Days On Market
144
Direction Faces
North
Elementary School
Frederick Douglass
High School
Booker T. Washington
List Price
525000
Listing Contract Date
2026-05-08
Living Area
606
MLSArea Major
2410
Middle Or Junior School
Jose De Diego
Mls Status
Active
On Market Date
2026-05-08
Patio And Porch Features
Porch - Wrap Around, Porch
Photos Count
15
Postal Code
33132
Price Change Timestamp
2026-08-14T17:49:34Z
Property Sub Type
Condominium
Property Type
Residential
Rooms Total
0
Security Features
Fire Alarm, Fire Sprinkler System, Security Patrol, Smoke Detector(s)
Senior Community
No
Standard Status
Active
State Or Province
FL
Status Change Timestamp
2026-05-08T04:00:00Z
Stories Total
40
Subdivision Name
501 FIRST RESIDENCES
Tax Annual Amount
0
Bathrooms Full
1
Bedrooms Total
1
Waterfront
No
Bathrooms Half
0
Financial Information: Estimated Monthly Assoc Recurring Fee
877

Market value

Automated estimate—No licensed valuation source connected
Estimated sales range—Ask Karim for a local market analysis
Estimated rent—No licensed rental valuation source connected

Price history

DateEventPrice
May 8, 2026ListedMIAMI REALTORS® MLS$589,000$972/sqft
Aug 14, 2026Price reducedMIAMI REALTORS® MLS$525,000$866/sqft

Public tax history

YearProperty taxesAssessment
2026$0—

Payment calculator

Estimated monthly payment$3,864/moIllustrative estimate, not a loan offer.
Principal & interest
$2,724
Property taxes
$0
Insurance
$263
Association dues
$877

Live national rate context is displayed below through Mortgage News Daily’s official widget. The calculator rate remains a separate assumption until licensed machine-readable access is connected. This is not a loan offer.

Neighborhood

Area

501 FIRST RESIDENCES

Miami · Miami-Dade County · 33132

Climate risk

—

No licensed climate-risk source is connected.

Nearby schools

Frederick DouglassElementary
—
Jose De DiegoMiddle
—
Booker T. WashingtonHigh
—
School names and districts are MLS-reported when available. Verify attendance boundaries with the school district. Ratings require a licensed ratings provider.

Nearby homes

12 homes

Similar homes

12 homes
MLS listing source

MIAMI REALTORS® MLS · Listing courtesy of Cervera Real Estate Inc.. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright ©2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used only to identify prospective properties they may be interested in purchasing or leasing. Terms of use · Equal Housing Opportunity.