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New construction
    • Price cut: $13K (8/14)
    $525,000

    121 NE 5th St #2908, Miami, FL 33132

    1beds
    606sqft
    : 
    $4,500/mo
    Get pre-qualified
    Condominium
    Built in 2025
    -- sqft lot
    $-- Zestimate®
    $866/sqft
    $877/mo HOA

    What's special

    Deep terraceHigh-demand skyline views
    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.
    112 days
    80
    1

    Zillow last checked:

    Listing updated:

    Listed by:

    Patricio Orloff 786-548-2728,

    Cervera Real Estate Inc.

    Source: MIAMI,MLS#: A12015913MLS LogoOriginating MLS: A-Miami Association of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Electric Range, Refrigerator, Washer
      Features
      • Interior Hall, Entrance Foyer
      • Flooring: Ceramic Tile, Tile
      • Doors: High Impact Doors
      • Windows: Complete Impact Glass, Blinds, Impact Glass
      • Furnished: Yes
      • Common walls with other units/homes: Corner Unit
      Interior area
      • Total interior livable area: 606 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Valet
      Features
      • Entry location: Foyer
      • Patio & porch: Wrap Around
      • Exterior features: Balcony
      • Pool features: Association
      • Spa features: Community
      • Has view: Yes
      • View description: Other, Skyline, Water
      • Has water view: Yes
      • Water view: Water
      Details
      • Parcel number: 0141010082980

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      • Attached to another structure: Yes
      Materials
      • Concrete Block Construction
      Condition
      • New Construction
      • New construction: Yes
      • Year built: 2025

      Utilities & green energy

      • Electric: Circuit Breakers

      Community & HOA

      Community
      • Security: Fire Sprinkler System, Fire Alarm, Smoke Detector, Security Service
      • Application fee: $100
      • Subdivision: 501 First Residences
      HOA
      • Has HOA: Yes
      • Amenities included: Bike Storage, Billiard Room, Business Center, Clubhouse-Clubroom, Community Room, Elevator(s), Fitness Center, Exterior Lighting, Pool, Kitchen Facilities, Spa/Hot Tub, Trash
      • HOA fee: $877 monthly
      Location
      • Region: Miami

      Financial & listing details

      • Price per square foot: $866/sqft
      • Date on market: 5/8/2026
      • Listing terms: Cash

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/14/2026Price change$525,000-2.4%$866/sqft
        Source: MIAMI #A12015913 Report a problem
        7/27/2026Price change$538,000-8%$888/sqft
        Source: MIAMI #A12015913 Report a problem
        6/16/2026Price change$585,000-0.7%$965/sqft
        Source: MIAMI #A12015913 Report a problem
        5/21/2026Listing removed$2,500$4/sqft
        Source: MIAMI #A11966090 Report a problem
        5/8/2026Listed for sale$589,000$972/sqft
        Source: MIAMI #A12015913 Report a problem
        4/27/2026Price change$2,500-15.3%$4/sqft
        Source: MIAMI #A11966090 Report a problem
        4/10/2026Price change$2,950-6.3%$5/sqft
        Source: MIAMI #A11966090 Report a problem
        3/16/2026Price change$3,150-4.5%$5/sqft
        Source: MIAMI #A11966090 Report a problem
        2/16/2026Listed for rent$3,300$5/sqft
        Source: MIAMI #A11966090 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Downtown

        Getting around

        96 / 100
        Walker's Paradise
        100 / 100
        Rider's Paradise
        76 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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