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.
Amenities
Billiard Room
Bike Storage
Business Center
Clubhouse
Community Kitchen
Fitness Center
Pool
Spa Hot Tub
Trash
Elevators
Interior Features
Bedroom On Main Level
Entrance Foyer
Living Dining Room
Exterior Features
Balcony
Security High Impact Doors
Porch
Property Tax Information
Tax Amount: $ 0.00
Tax Year: 2026
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home, property, personal belongings, and other assets in your home. The policy
also provides liability coverage against accidents in the home or on the
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provide proof of insurance on the property before the financial institution will
approve the loan.
Private Mortgage Insurance (PMI) Borrowers with a down payment of less than 20% may be
required to purchase mortgage insurance. Mortgage insurance protects the
mortgage lender against loss if a borrower defaults on their loan. Typically,
mortgage insurance rates range from 0.2%–2% of the loan amount per year. Your
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Downtown Miami 121 NE 5th St #2908 has 1 Beds , 1 Bathrooms , and 606 square feet. The asking price for this property is $589000, or $971 per square feet.
1 Beds
1 Baths
