Why compare it
501 First offers a lower advertised entry point in the Downtown selection. An investor should obtain a live unit list and the full operating cost structure before comparing it with larger homes or assuming unrestricted rental income.
What to verify
Confirm the current rental rules in the governing documents, any operator requirements and the full cost structure.
Compared with its three alternatives
Indicative advertised prices, checked on November 7, 2026. Current unit availability must be confirmed.
Key facts
- Neighborhood
- Downtown Miami
- Stage
- Reported complete
- Delivery
- Completed 2026
- Residence types
- Studio to 2 bedrooms
- Residences in the development
- 476
- Stories
- 40
- Developer
- Aria Development Group, AQARAT (Kuwait Real Estate Co.)
- Architect
- Revuelta Architecture International
- Interior design
- Shim Projects
Information checked on November 7, 2026
Residences and floor plans
The development was designed with studio to 2 bedrooms. Floor plans, exact areas and the current unit list are provided on request, residence by residence: interior and terrace areas are reported differently across marketing materials, so this page does not publish a blended figure.
Plans are available on request; no downloadable file has been confirmed for this page. Request floor plans
Shared facilities reported by the developer
As described in developer marketing. Ask what is included in the association budget and what requires a membership or extra fee.
Developer’s original wording (English)
- Rooftop 75-foot Resort-Style Lap Pool
- 24-hr Valet Service
- Ground Floor Bistro & Bar
- CoWorking Lounge
- Club Room & TV Lounge
- Luxor One Package Room
- Rooftop Movie Theater Experience
- Pet Spa
Ownership and rental use
Reported rental framework
- Unrestricted rentals were advertised in a market listing. Current operating terms and the governing documents have not been reviewed.
Reported rental terms are subject to the governing documents and local requirements. Confirm them for the exact residence before purchase.
Read the rental-rules guide
Ownership costs
Ask for the current association budget, what it includes, insurance requirements, parking and service charges, and an estimate of property taxes for the completed residence. Costs are only shown on this site when documented.
The deposit schedule was not documented in our research. Ask for the current contract terms for the specific residence.
Read the ownership-costs guide
Questions buyers ask
When is 501 First Residences Miami expected to be delivered?
Reported status: Completed 2026. A completed building does not confirm that a particular unit is available; ask for the current list of residences and the closing timeline.
Can I rent out a residence at 501 First Residences Miami?
Unrestricted rentals were advertised in a market listing. Current operating terms and the governing documents have not been reviewed. Reported terms are not a legal verification: review the governing documents, local rules and any operator agreement for the exact residence.
Are the prices on this page current?
They are indicative advertised prices for the development, checked on November 7, 2026. They do not describe a specific available unit. Raphael can request the current list of residences and prices.