Downtown Miami

501 First Residences Miami

A lower advertised entry point Downtown

Indicative advertised price
$430,000 to $651,000 Indicative advertised prices, checked on November 7, 2026. Current unit availability must be confirmed.
Stage
Reported complete
Residence types
Studio to 2 bedrooms
Delivery
Completed 2026
Discuss price & incentives Request floor plans
501 First Residences Miami: living room (developer visual)

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

ResidenceIndicative advertised priceDeliveryResidence types
501 First Residences Miami From $430,000 Completed 2026 Studio to 2 bedrooms
Nexo Residences North Miami Beach From $685,000 Completed 2026 Studio to 4 bedrooms
NoMad Residences Wynwood From $700,000 Completed 2026 Studio to 2 bedrooms
Domus Brickell Center From $500,000 Q1 2028 (estimated) Studio to 2 bedrooms

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

  • Pool deck
  • Valet or parking services
  • Dining on site
  • Co-working or business rooms
  • Spa, wellness or fitness
  • Residents’ lounges
  • Screening room
  • Pet facilities
  • Package room

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

Location

Neighborhood
Downtown Miami
Address
501 Northeast 1st Avenue, Miami, Florida 33132

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.

Before you contact the developer

The sales team works for the developer. Raphael can review the current offer for 501 First Residences Miami with you, compare it with the alternatives and prepare what to ask on price, incentives and the deposit schedule.

How buyer representation works

Three alternatives to compare

Chosen for a comparable use, budget or setting. Compare them against the same brief.

Wynwood

NoMad Residences Wynwood

A completed Wynwood ownership concept

Why compare: also reported complete and a similar reported rental framework.

Indicative advertised price
$700,000 to $2,000,000 Checked Nov 7, 2026
Delivery
Completed 2026
Residence types
Studio to 2 bedrooms
View residence — NoMad Residences Wynwood

Brickell

Domus Brickell Center

A purpose-built flexible-stay concept

Why compare: a comparable advertised starting price and a similar reported rental framework.

Indicative advertised price
$500,000 to $1,500,000 Checked Nov 7, 2026
Delivery
Q1 2028 (estimated)
Residence types
Studio to 2 bedrooms
View residence — Domus Brickell Center

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