Elevated city living at 501 First Residences, a striking 40-story address in Downtown Miami with no rental restrictions and exceptional income potential. This fully furnished 591 sq ft one-bedroom, 1.5-bath east-facing residence captures sweeping skyline and bay views, including the iconic Freedom Tower, PortMiami, and Biscayne Bay. Floor-to-ceiling glass, a private balcony, refined finishes, Italian cabinetry, and in-unit washer/dryer define the interiors. Moments from Miami Worldcenter, dining, culture, and transit. Indulge in 20,000+ sq ft of curated amenities including rooftop pool, fitness center, co-working spaces, club suite, and 24/7 valet.
Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
Heating
Electric
Cooling
Central Air
Year Built
2025
NEW CONSTRUCTION
1
ACCESSIBILITY FEATURES
1
ARCHITECTURAL STYLE
High Rise
EXTERIOR FEATURES
Open Balcony
Parking Features
1 Space, Other, Valet
View
Bay, Skyline, Water View
CITY
Miami
SUBDIVISION
501 First Residences
COUNTY
Miami-Dade County
AREA
501 First Residences
STATE
FL
HOA
1
TAX AMOUNT
0.0
HOA FEE
870.0
HOA FREQUENCY
Monthly
HOA AMENITIES
Business Center, Cabana, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Heated Pool, Other, Pool, Sauna, Spa/Hot Tub
LATEST UPDATE
2026-06-03T20:44:27.503Z
DAYS ON MARKET
40
PRICE CHANGE(S)
$605,000 Jun 3, 2026
Property Details
Property TypeResidential Sale
StatusActive
Bedrooms1
Bathrooms (Full)1
Property Sub TypeCondominium
Square Feet591
MLS #A12004132
Bathrooms (Half)1
FlooringTile
AppliancesDishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
HeatingElectric
CoolingCentral Air
Year Built2025
NEW CONSTRUCTION1
ACCESSIBILITY FEATURES1
ARCHITECTURAL STYLEHigh Rise
EXTERIOR FEATURESOpen Balcony
Parking Features1 Space, Other, Valet
ViewBay, Skyline, Water View
CITYMiami
SUBDIVISION501 First Residences
COUNTYMiami-Dade County
AREA501 First Residences
STATEFL
HOA1
TAX AMOUNT0.0
HOA FEE870.0
HOA FREQUENCYMonthly
HOA AMENITIESBusiness Center, Cabana, Clubhouse-Clubroom, Community Room, Elevator(s), Exercise Room, Heated Pool, Other, Pool, Sauna, Spa/Hot Tub
LATEST UPDATE2026-06-03T20:44:27.503Z
DAYS ON MARKET40
PRICE CHANGE(S)
$605,000 Jun 3, 2026
Market Trends
New Properties On Market
234
14%
Increase In New Listings
Average Asking Price
$434,622
$715,688 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$112
$413 Decrease In List Price/Sq. Ft.
Average Days On Market
5
15 Day
Decrease In Days On Market
Data as of Jun 04, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
Mortgage Calculator
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.