
MIAMI REALTORS® MLS121 NE 5 Street 2908, Miami, FL 33132
- Beds
- 1
- Baths
- 1
- Sqft
- 606
- 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
Price history
| Date | Event | Price |
|---|---|---|
| May 8, 2026 | ListedMIAMI REALTORS® MLS | $589,000$972/sqft |
| Aug 14, 2026 | Price reducedMIAMI REALTORS® MLS | $525,000$866/sqft |
Public tax history
| Year | Property taxes | Assessment |
|---|---|---|
| 2026 | $0 | — |
Payment calculator
- Principal & interest
- $2,724
- Property taxes
- $0
- Insurance
- $263
- Association dues
- $877
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Neighborhood
Area
501 FIRST RESIDENCESMiami · Miami-Dade County · 33132
Climate risk
—No licensed climate-risk source is connected.
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