Miami Art Week 2026Upcoming
9 exhibitions within 1 mile
Art Week Score 63 · #10 in Downtown
#10 in Downtown · #68 in Miami
Nearest: Beyond Time: Antonia Eiriz, Juan Sánchez, and Pedro Vizcaíno, 0.2 mi away
For sale
46
1 pending · 276.0 mo supply
Median asking
$500K
from $345K
Median $/sqft
$1,067/sqft
$854/sqft sold, 12 mo
Days on market
88
96 to sell · 2 in 12 mo
35 of 46 are priced $450K+ and browsable on own.miami; the stats above cover every unit for sale.
Located in the heart of Downtown Miami, 501 First Residences is a modern tower situated in the rapidly developing Worldcenter district. The building offers a variety of views, including those of Biscayne Bay, PortMiami, and the local city skyline. It is positioned within walking distance of the Brightline station, Kaseya Center, and various dining and entertainment venues.
The building features over 20,000 square feet of shared amenities. These include a rooftop pool and hot tub, a state-of-the-art fitness center, a yoga studio, and multiple co-working spaces. Additional common areas include a media room, a pet lounge, a chef's kitchen, a library, and a private rooftop theater. The property also provides 24-hour security and valet services.
About the development
By Aria Development Group
Designed by Revuelta Architecture International, 501 First Residences offers a sophisticated mid-century modern aesthetic in the vibrant core of Downtown Miami. Residents enjoy a curated lifestyle featuring fully furnished interiors by Shim Projects, high-end Italian cabinetry, and premium appliances. The building features a grand porte-cochère entrance, a stylish lobby with soaring ceilings, and a ground-level culinary concept by GPG Hospitality.
The expansive amenity collection is designed for both relaxation and recreation, featuring a 75-foot resort-style lap pool, a private rooftop movie theater, and a dedicated fitness center by HOMAGE. Residents can enjoy a variety of spaces including a pet lounge, a private workspace, and a 'Greenhouse' urban oasis. The rooftop experience is further enhanced by a game lawn, a private club suite, and a chef’s kitchen.
Located in a high-walk and transit-friendly district, the building provides immediate access to the city's premier cultural landmarks, including the Perez Art Museum and Frost Science Museum. The location offers seamless connectivity to the Brightline rail system, the Design District, and the vibrant waterfront of Bayfront Marketplace.
Delivery
2026
Floors
40
Residences
476
Architect
Revuelta Architecture International
- ✓501 First Residences
Live near more of Miami
What surrounds 501 First Residences: seasonal events, annual programs and lifestyle indexes, measured from the building.
Flanigan's IndexLive now16 / 100
Nearest Flanigan's: Flanigan's Seafood Bar and Grill (Coconut Grove), 4.2 mi
#19 in Downtown · #498 in Miami
This is a drive. Bring an appetite that justifies it.
1 Flanigan's locations nearby
Publix IndexLive now
74 / 100
Nearest Publix: Publix at 3 Miami Central, 0.3 mi
#6 in Downtown · #91 in Miami
Walk over, walk back, one bag per hand.
4 Publix stores nearby
Distances are straight-line, not walking or driving.
Getting around
Downtown is a walkable urban neighborhood. Transit, parks, dining and landmarks within reach:
MetromoverMetrorail (Government Center)Bayfront ParkBayside MarketplaceKaseya CenterMiami Riverwalk
58
/ 100
B
own.miami Score
A data-grounded score for 501 First Residences from live market data — value, momentum, liquidity, building health, waterfront and age. Computed, not opinion.
Value39
$1,067/sqft — vs. Downtown condos, then all of Miami
Momentum50
Recent price trend
Liquidity15
276.0 months of supply · 88 days on market
Health100
Verified records on file — nothing adverse
Waterfront55
Not waterfront
Age91
Built 2025 — vs. Downtown buildings
own.miami Condo Index
145Above market100 = the median Miami condo building's price per sq ft; 200 = twice it.
Rank
#147 of 698 tracked Miami condos
Top 21% by price per sq ft
#6 of 28 in Downtown
Momentum
→ Steady
$1,067/sqft median ask
Liquidity
Slow
Floor plans
Residence 00
0 bd · 1 ba · 456 sqft
Want the inside track on 501 First Residences?
Get new listings here before the portals, and a straight answer from someone who knows the building.
Inventory
New$820,000$982/sqft
2 bd · 2 ba · 835 sqft
121 NE 5TH Street #1501
Short-term leases OK
Listing courtesy of INNOVO PROPERTY GROUP INC, Bart M Simon (Lic. #3011811) · MLS #B26094312
$549,900$1,011/sqft
1 bd · 2 ba · 544 sqft
121 NE 5th St #1703
Short-term leases OK
Listing courtesy of Weichert Realtors Capella Estates, Alejandra Restrepo (Lic. #3291899) · MLS #A12110051
$574,900$1,057/sqft
1 bd · 2 ba · 544 sqft
121 NE 5th St #1602
Airbnb-ready
Listing courtesy of EXP Realty LLC, Darnie Labrozzi (Lic. #0686940) · MLS #A12108736
$485,000$913/sqft
1 bd · 1.5 ba · 531 sqft
121 NE 5th St #1813
Motivated sellerShort-term leases OK
Listing courtesy of Luxe Properties, Monica Norena (Lic. #3539498) · MLS #A12100451
$529,900$1,041/sqft
1 bd · 1.5 ba · 509 sqft
121 NE 5th St #306
Listing courtesy of La Fabrika Realty Group, Salomon Amador (Lic. #3273964) · MLS #A12094498
$570,000$1,115/sqft
1 bd · 1.5 ba · 511 sqft
121 NE 5th St #3006
Listing courtesy of Sieber International, LLC, Ruedi Sieber (Lic. #3089691) · MLS #A12093736
$649,000$1,193/sqft
1 bd · 2 ba · 544 sqft
121 NE 5th St #2002
Short-term leases OK
Listing courtesy of Miami Life Realty LLC, Jorge Kupferman (Lic. #3111636) · MLS #A12079665
$995,000$1,314/sqft
2 bd · 2 ba · 757 sqft
121 NE 5th St #3712
Short-term leases OK
Listing courtesy of Canvas Real Estate, Patricia Zacapa Alvarado (Lic. #3534847) · MLS #A12076236
$579,900$971/sqft
1 bd · 2 ba · 597 sqft
121 NE 5th St #2411
Seller financingShort-term leases OK
Listing courtesy of Rutois International Realty LLC, Daniel Rutois (Lic. #0638090) · MLS #A12074753
$889,000$1,174/sqft
2 bd · 2 ba · 757 sqft
121 NE 5th St #3312
Short-term leases OK
Listing courtesy of United Realty Group Inc, Sandra Sepulveda (Lic. #0665105) · MLS #A12070584
$499,000$1,390/sqft
0 bd · 1 ba · 359 sqft
121 NE 5th St #504
Short-term leases OKRental income in place
Listing courtesy of Realty One Group Evolution, Julio Angulo (Lic. #3659979) · MLS #A12060745
$499,000$1,020/sqft
1 bd · 1 ba · 489 sqft
121 NE 5th St #3405
Short-term leases OK
Listing courtesy of Brosda & Bentley Realtors, LLC, Ekaterina Brosda (Lic. #3062667) · 305-788-9393 · MLS #A12054926
Sold $/sqft trend
3-month rolling median of closed sales in 501 First Residences; bars are closings per month.
Location
Nearby buildings within half a mile.
Building facts
- Address
- 121 NE 5th St
- Year built
- 2025
- Floors
- 40
- Residences
- 476
- Developer
- Aria Development Group & AQARAT
- Architect
- Revuelta Architecture International
- Waterfront
- No
Developed by
Aria Development Group64
B+ · Developer Score
- Ranks #4 of 4 scored Aria Development Group buildings
- Asking $1,067/sqft here vs $1,067/sqft across the developer's portfolio
- 100% of the developer's portfolio has no adverse verified record
- All 4 buildings by this developer
Amenities
- · Rooftop pool
- · Hot tub
- · Fitness center
- · Valet
- · Co-working spaces
- · Pet lounge
- · Media room
- · Yoga studio
- · Social lounges
- · Game room
- · Concierge
- · 24-hour security
- · Hydrotherapy spa
- · Chef's kitchen
- · Outdoor cinema
- · Jacuzzi
- · Library
- · Reading room
- · Private offices
- · Wellness spaces
- · Cold plunge
- · Summer kitchen
- · Private rooftop theater
- · Cabanas
Building rules
- Parking
- 24-hour valet
Special assessments & recertification outlook
ClearPublic records checked Oct 30, 2026: no liens, lawsuits or regulatory complaints found for the association.
Verified records
- PositiveBank financingOct 31, 2026
Regulated lenders recorded 165 purchase or refinance loans on this building in the last 12 months, financing 33% of its recorded sales, and accepted a down payment as low as 25%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 53/100.
Source: Miami-Dade Clerk official records
- Built 2025 — its first 25-year structural milestone inspection is due around 2050
Estimated from 501 First Residences’s age and signals in active listings — not an official inspection or reserve report. Always verify the building’s milestone-inspection status and reserves with the association before buying.
Financeability
What the banks say about 501 First Residences: recorded purchase mortgages, the down payments they accepted, and the programmes in use.
Regulated lenders are writing purchase loans here at ordinary down payments — their due diligence on reserves, insurance and litigation, verified by the public record.
- Mortgages recorded, 12 months
- 201
- 165 from banks and credit unions · purchases and refinances
- Sales bank-financed
- 33%
- 473 recorded sales, 12 months · All purchases: 32 resales and 441 developer closings
- Average down payment
- 44%
- Lowest down payment accepted
- 25%
Resales and developer closings
| Sales, 12 months | Bank-financed | Average down | Lowest down | |
|---|---|---|---|---|
| Resales | 32 | 9% | 43.4% | 41.1% |
| Developer closings | 441 | 35% | 44.1% | 25% |
A new building's first sales are developer closings: buyers closing on units they bought from the developer. They are real purchases, but not resale activity, so they are counted apart. Down payments cover 24 months and need 3 or more loans.
Loan programmes, 24 months:Conventional 158Private lenders 34Other 9
High confidence · As of 2026-10-31
Source: Miami-Dade County official records and the FHA/VA approval lists. Aggregates only; individual instruments are never shown. Compare with Downtown
Flooding and storm surge
Public flood data at this building’s location, read Oct 22, 2026.
- FEMA flood zone
- Zone X: minimal-risk area on FEMA’s map.
- Hurricane evacuation zone
- Zone B
- Miami-Dade storm surge planning zones run from A (called first) to E. The county decides which zones evacuate in a storm.
- Ground at the building
- 10.1 ft
- Lowest nearby street
- 9.6 ft
- Highest predicted tide, 2026
- 1.0 ft
Elevations in feet above the NAVD88 datum.
The lowest street next to this building sits 8.6 ft above this year’s highest predicted tide (Oct 27, 2026).
Estimated from public data, not a flood determination. Check the FEMA flood map and an elevation certificate for this building.
Legal & Regulatory
No material litigation foundCivil court cases involving the condominium association, classified by what they are about. Routine collections against individual owners are counted separately and do not affect the building’s standing.
- Active material lawsuits
- 0
- Owner / association disputes
- 0
- Routine collection cases
- 0
- DBPR complaints
- 0
- Open DBPR complaints
- 0
No civil cases involving the association were found on the Miami-Dade docket in the last five years.
DBPR registration PR77158 · Approved,Recorded. Public complaints on record with the Florida Division of Condominiums; investigations are confidential and not counted.
Court records are matched to the association by name and summarized by us; a case is a claim, not a finding. Ask the association for its litigation disclosure before buying.
Frequently asked
How much do condos at 501 First Residences cost?+
There are 46 condos for sale at 501 First Residences, from $345,000, with a median asking price of $500,000 ($1,067/sqft).
How much are the HOA fees at 501 First Residences?+
HOA / maintenance fees at 501 First Residences run around $801 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.
When was 501 First Residences built?+
501 First Residences was built in 2025, 40 stories, 476 residences.
Who developed 501 First Residences?+
501 First Residences was developed by Aria Development Group & AQARAT and designed by Revuelta Architecture International. Aria Development Group's own.miami Developer Score is B+ across 4 buildings.
Stay ahead
Interested in 501 First Residences?
We track every listing here, every day. Get the next one before it hits the portals — and a straight answer from someone who knows the building.
If you like 501 First Residences, compare
Natiivo Miami
601 NE 1st Ave · 2023 · 51 floors
84 for salefrom $329K$1,037/sqft
Casa Bella Residences
1400 Biscayne Boulevard · 2026 · 56 floors
68 for salefrom $965K$1,295/sqft
The Crosby
11 NE 6th St · 2025 · 33 floors
62 for salefrom $340K$987/sqft
District 225
225 N Miami Ave · 2025 · 37 floors
45 for salefrom $395K$1,056/sqft
Embed this building
Add a live Own Miami card to your site or blog — it updates automatically. See all widget options →
<iframe src="https://own.miami/embed/building/501-first-residences" width="440" height="230" style="border:0;max-width:100%" loading="lazy" title="Own Miami building card"></iframe>