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Condo Listing
501 FIRST Residences · #709
$2,450
121 NE 5 ST #709, Miami, FL, 33132 · Downtown Miami
121 NE 5 ST #709, Miami, FL, 33132 · Downtown Miami
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No short term. List price is based on a 1 year contract, minimum must be more than 6 months. Valet-only building - residents with vehicles must contract directly with the valet provider at an additional cost separate from the rent. Be the first to live in this impeccable, fully furnished studio at the newly completed 501 First Residences. This turn-key Unit #709 offers a sophisticated urban living experience with 402 SF of interior space and a private balcony featuring city views. The residence features floor-to-ceiling windows with integrated roller shades, wood-grain flooring, and a modern European-style kitchen. The living area is tastefully appointed with a charcoal grey sofa, white pedestal dining set, and a large smart TV, while the sleeping area offers a plush platform bed and custom built-in wardrobes. Convenience is key with an in-unit stacked washer/dryer and a spa-inspired bathroom with a rain shower and stone-style tiling. Residents enjoy over 20,000 SF of resort-style amenities across the top two floors ("Verde"), including a 75-foot lap pool, hot/cold hydrotherapy baths, a rooftop movie theater, and a world-class fitness center by HOMAGE. Additional perks include a co-working lounge, pet spa, valet parking at extra cost to tenant, and a ground-floor bistro. Perfectly located in Downtown Miami, just steps from the Kaseya Center, Miami Worldcenter, and the Brightline. Association requires common area deposit equal to one month's rent.
501 FIRST Residences is a 40-story, 448-unit condominium delivered by Aria Development Group at 501 NE 1st Avenue, on the western edge of Downtown Miami's Park West and Worldcenter corridor. Designed by Revuelta Architecture International with interiors by Shim Projects, the 501 FIRST tower was engineered around a single thesis that separates it from most Downtown Miami high-rises: there are no minimum-stay restrictions, so owners can list units on Airbnb, VRBO, Expedia, and other short-term platforms from day one. Layouts run from compact studios near 385 square feet up to two-bedroom plans approaching 835 square feet, and every residence at 501 FIRST is delivered fully finished and furnished with Italian cabinetry, a Smeg appliance package, Hansgrohe fixtures in a matte dark finish, and ButterflyMX smart access already installed. The location is the strategic asset behind the 501 FIRST Residences pitch. The 501 NE 1st Avenue site sits steps from Brightline's MiamiCentral station, a short Metromover ride from Bayfront Park and Bayside Marketplace, and directly adjacent to the Miami Worldcenter master-planned development and the Kaseya Center arena. Perez Art Museum and the Frost Science Museum are a few blocks east along Biscayne Boulevard, and the Adrienne Arsht Center sits a few blocks north, putting most of Downtown Miami's leisure and tourist demand pipeline within a 10-minute walk of the building. The Downtown 501 FIRST project devotes more than 20,000 square feet to amenities, including a two-level rooftop with a 75-foot lap pool, a private movie room, a Greenhouse garden lounge, a HOMAGE-designed fitness center with sunrise terrace, and a co-working floor with private meeting rooms. A ground-floor bistro by GPG Hospitality, 24/7 valet, and a Luxer One package room round out a building purpose-built for owner-operators rather than end-users looking for a quiet condo. With completion reported in 2026, 501 FIRST gives buyers and investors immediate occupancy and an operational rental program, two factors that pull the 501 FIRST Residences product line ahead of competing Park West towers still working toward delivery.
Floor plans and unit details are subject to change. Contact us for the most current information.
121 NE 5 ST #709, Miami, FL, 33132