This Condominium in 501 First Residence, Miami is currently offered at $520,000 with 1 bedroom, 1 bathroom, 489 sq ft of living area. Built in 2025, and the current asking price works out to about $1,063 per sq ft, and the MLS currently reports 53 days on market.
Key Property Facts
Property TypeCondominium
Subdivision501 First Residence
Development501 First Residence
CountyMiami-Dade
WaterfrontNo
Association Fee$802 Monthly
Original List Price$588,000
MLS IDA12054926
UpdatedSep 2, 2026
About This Property
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.
What Stands Out
1 garage space
Price reduced $68,000 from the original list price
Association fee $802 Monthly
Built in 2025
53 days on market
Quick Payment Estimate
What might this home cost each month?
Starting rate:
6.66%
30 year fixed national average
· updated Aug. 27, 2026
Taxes, insurance, flood coverage and PMI are not included here.HOA / condo fee prefilled from MLSRate is editable and is not a lender quote.
Local Real Estate Context
About 501 First Residence and Miami
The MLS record identifies this property with 501 First Residence in Miami, Miami-Dade. For attached homes, buyers should compare association costs, included services, building age, amenities and any use restrictions along with the purchase price. The association fee shown in the MLS should be considered as part of the property’s ongoing ownership cost, not just the asking price.
