121 NE 5 Street 2908, Miami, FL 33132
Miami, FL, 33132 · 501 FIRST RESIDENCES
$585,000
1 bd · 1 ba · 606 sqft
About this home
RENTED FOR $2500 UNTIL 6/14/2027- 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.
The community
501 First Residences
Market stats, every listing & what homes here are worth →
Comparable residences
$639,900
1 bd · 1 ba · 505 sf
152 SW 9th Street 810, Miami, FL 33130
Listing courtesy of Fortune International Realty
$419,900
0 bd · 1 ba · 371 sf
152 SW 9th Street 815, Miami, FL 33130
Listing courtesy of Fortune International Realty
$620,000
2 bd · 2 ba · 950 sf
540 Brickell Key Drive 1511, Miami, FL 33131
Listing courtesy of Cervera Real Estate Inc.
$585,000
1 bd · 2 ba · 845 sf
888 Biscayne Boulevard 3611, Miami, FL 33132
Listing courtesy of Compass Florida, LLC
$749,000
1 bd · 1 ba · 598 sf
90 NE 32nd Street 808, Miami, FL 33127
Listing courtesy of Douglas Elliman
$525,000
2 bd · 2 ba · 1,235 sf
10873 NW 1st Lane 10873, Miami, FL 33172
Listing courtesy of EXP Realty LLC