501 FIRST Residences
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REHUB Miami
Condos for Sale & for Rent in Downtown Miami
121 NE 5th ST, Miami, FL 33132
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STORIES40
YEAR BUILT2026
Building Amenities
About 501 FIRST Residences
501 FIRST Residences is a 40-story condominium tower at 501 NE 1st Avenue in Downtown Miami, developed by Aria Development Group with AQARAT. Revuelta Architecture International designed the building, Shim Projects created the interiors and Beauchamp Construction served as general contractor. The tower was conceived for the short-term rental market: at launch the developer marketed residences with no rental restrictions, allowing owners to list units on platforms such as Airbnb and Vrbo for stays as short as one night. Buyers should confirm the association's current rental rules before making an offer. Residences are studios, one-bedrooms and two-bedrooms ranging from about 385 to 835 square feet, delivered fully furnished. Announced finishes include custom Italian cabinetry and countertops, floor-to-ceiling glass, built-out closets, in-unit washers and dryers and private balconies. The site sits on the western edge of the Miami Worldcenter district, a short walk from Brightline's MiamiCentral station, Kaseya Center and the museums along Biscayne Boulevard. More than 20,000 square feet of indoor and outdoor amenities include a two-level rooftop with a 75-foot lap pool, a hydrotherapy bath and a movie theater, a HOMAGE-designed fitness center with yoga space and a sunrise terrace, a planted Greenhouse lounge, a club suite with a chef's kitchen and media room, coworking spaces, a pet lounge and secure bicycle storage. The lobby adds 24/7 valet, Luxer One package lockers and ground-floor food and beverage by GPG Hospitality. Construction is complete. The tower has received its certificate of occupancy, which Aria marked with a rooftop celebration in July 2026, and owner closings are now on record. Browse the current 501 FIRST Residences listings on this page to compare available furnished units and recent sale prices.
Available & Pending Condos at 501 FIRST Residences
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FOR SALE
22
$995,000
2 BD
2 BA
757 sq ft
501 FIRST Residences · #3712
MLS-reported DOM: 15
FOR SALE
35
$995,000
2 BD
2 BA
835 sq ft
501 FIRST Residences · #2101
MLS-reported DOM: 205
FOR SALE
34
$970,000
2 BD
2 BA
760 sq ft
501 FIRST Residences · #2401
MLS-reported DOM: 79
FOR SALE
39
$940,000
2 BD
2 BA
760 sq ft
501 FIRST Residences · #3401
MLS-reported DOM: 119
FOR SALE
41
$929,000
2 BD
2 BA
760 sq ft
501 FIRST Residences · #1701
MLS-reported DOM: 182
FOR SALE
39
$889,000
2 BD
2 BA
757 sq ft
501 FIRST Residences · #3312
MLS-reported DOM: 4
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Data provided by Miami MLS
The Team
Documents
Location
121 NE 5th ST, Miami, FL 33132
501 FIRST Residences Floor Plans & Unit Mix
11 unit lines
Unit 01 / 12 | ADA
Download Floor Plan| Apt# | Model | Bed / Baths | Floors | Interior + Ext (Sq Ft) |
|---|---|---|---|---|
| 01, 12 | ADA | Unit 01 / 12 | ADA | 2 / 2 | 12 - 37 | 835 + 110 |
| 01A, 12B | Unit 01A / 12B | Studio / 1 | 3 - 11 | 475 + 75 |
| 01B, 12A | Unit 01B / 12A | Studio / 1 | 3 - 11 | 384 + 36 |
| 02, 10 | ADA | Unit 02 / 10 | ADA | 1 + Den / 2 | 3 - 37 | 597 + 62 |
| 03, 11 | ADA | Unit 03 / 11 | ADA | 1 + Den / 2 | 3 - 37 | 597 + 62 |
| 04, 09 | Unit 04 / 09 | Studio / 1 | 3 - 37 | 402 + 38 |
| 05 | Unit 05 | 1 / 1 | 3 - 37 | 551 + 68 |
| 06 | ADA | Unit 06 | ADA | 1 / 1.5 | 3 - 37 | 561 + 62 |
| 07 | Unit 07 | Studio / 1 | 3 - 37 | 443 + 39 |
| 08 | Unit 08 | ADA | 1 / 1 | 3 - 37 | 606 + 86 |
| 13 | Unit 13 | 1 / 1.5 | 12 - 37 | 582 + 63 |
Floor plans and unit details are subject to change. Contact us for the most current information.
Building Market Overview
Median closed price per square foot — the cleanest apples-to-apples value trend.
Based on closed sales over a trailing 90-day window. Updated daily.
Location
121 NE 5th ST, Miami, FL 33132
More in Downtown Miami
Frequently Asked Questions About 501 FIRST Residences
How much do condos at 501 FIRST Residences cost?
Condos currently listed for sale at 501 FIRST Residences range from $345K to $995K, per active MLS listings. Price within the building varies with floor, view, line, and condition.
What are rents at 501 FIRST Residences?
Rental units currently listed at 501 FIRST Residences run from $2,500 to $4,999 per month, per active MLS listings. Furnished units and shorter lease terms typically price at the upper end.
How many units are available at 501 FIRST Residences right now?
501 FIRST Residences currently has 49 condos for sale and 27 rentals available on the MLS. Inventory updates daily as listings go active, pending, and closed.
What are the HOA fees at 501 FIRST Residences?
Across 46 current listings at 501 FIRST Residences, the median association fee is $802 per month, or about $1.63 per square foot per month. Fees scale with unit size, and this figure excludes any special assessment — ask the association for its reserve study and assessment history.
Does 501 FIRST Residences allow short-term rentals?
Monthly leases appear to be permitted, but with a cap on how often a unit can turn over. Listing agents report a one-month minimum lease at 501 FIRST Residences, according to 53 current MLS listings. Rental rules are set by the condominium declaration and can be amended by the board, so verify against the current documents before buying for rental income.
Is 501 FIRST Residences pet-friendly?
39 of 78 current listings at 501 FIRST Residences report the pet policy as "allowed", which reads as pet-friendly. Size, breed, and count limits are common — confirm the current rule with the association before you buy.
When was 501 FIRST Residences built?
501 FIRST Residences was completed in 2026. Ask the association for its current milestone inspection reports, structural integrity reserve study, and any outstanding assessments. Inspection deadlines depend on the certificate of occupancy and local requirements; the year built alone does not confirm a report's completion or when an inspection is due.
501 FIRST Residences guides
In-depth reporting on pricing, floor plans, and the surrounding market.