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Condo Listing
501 FIRST Residences · #3405
$520,000
121 NE 5th St #3405, Miami, FL, 33132 · Downtown Miami
121 NE 5th St #3405, Miami, FL, 33132 · Downtown Miami
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Listed HOA: $802 · Taxes: not provided
$3,719/mo
Property taxes were not provided. Enter an annual estimate below to include them in this total.
$104,000 down
Principal & interest is exact for these inputs. Tax and HOA come from the listing; rate, insurance are editable estimates. Not a loan offer.
Get updates when pricing, floor plans, and sales availability are released.
Experience elevated living in this spectacular high-floor residence at 501 First Residences, located in the heart of Downtown Miami. This modern unit features breathtaking skyline views, floor-to-ceiling impact windows, high ceilings, elegant finishes, and an open-concept layout designed for today's lifestyle. The contemporary kitchen offers premium cabinetry, quartz countertops, and stainless steel appliances, seamlessly connecting to the spacious living and dining areas. Enjoy world-class amenities, including a resort-style rooftop pool, state-of-the-art fitness center, yoga studio, co-working spaces, social lounges, game room, concierge, valet, and 24-hour security. Perfectly positioned just steps from Miami Worldcenter, Brightline, Kaseya Center, Bayside Marketplace, Museum Park, top restaurants, shopping, nightlife, and Miami's beautiful waterfront. One of the few luxury buildings allowing short-term rentals, this residence presents an exceptional opportunity for investors, seasonal owners, or anyone seeking maximum flexibility and income potential. Whether you're looking for a primary residence, vacation home, or high-performing investment property, this is your chance to own in one of Miami's fastest-growing and most exciting neighborhoods.
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 5th St #3405, Miami, FL, 33132