501 FIRST Residences · #1506

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.