# 501 First Residences

As of 2026-11-01, 501 First Residences in Downtown has 46 units for sale at a median asking price of $500K ($1,067/sqft); 2 units sold in the last 12 months.

501 First Residences is a modern high-rise in Downtown Miami offering a variety of floor plans and extensive amenities.

## Key facts

| | |
|---|---|
| Address | 121 NE 5th St |
| Neighborhood | Downtown |
| Year built | 2025 |
| Floors | 40 |
| Units | 476 |
| Waterfront | no |
| Developer | Aria Development Group & AQARAT |
| Architect | Revuelta Architecture International |
| For sale | 46 |
| Pending | 1 |
| Median asking price | $500,000 |
| Median asking $/sqft | $1,067/sqft |
| Sold, last 12 months | 2 |
| Median sold $/sqft, 12 months | $854/sqft |
| Months of inventory | 276.0 |
| Median HOA | $801/mo |
| Parking | 24-hour valet |

## Own Miami measures

- **own.miami Building Score: 58 (B)**
  - Value: 39 — $1,067/sqft — vs. Downtown condos, then all of Miami
  - Momentum: 50 — Recent price trend
  - Liquidity: 15 — 276.0 months of supply · 88 days on market
  - Health: 100 — Verified records on file — nothing adverse
  - Waterfront: 55 — Not waterfront
  - Age: 91 — Built 2025 — vs. Downtown buildings
- **Own Miami Condo Index: 145** (above_market; 100 = the market-median building, 200 = twice its $/sqft; rank 147 of 698 tracked Miami condos)
- **Financeability Index: 53** (good; 12-month window, 201 recorded mortgages, 33% of sales bank-financed, lowest down payment 25%, as of 2026-10-31; of the 473 recorded sales, 32 were resales and 441 developer closings)
- Special-assessment outlook: clear (next structural milestone inspection due 2050)

## Building health (verified public records)

- Public records checked 2026-10-30: no liens, lawsuits or regulatory complaints found
- positive: Bank financing — 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. (2026-10-31)
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months)

## Frequently asked questions

**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.

## Related pages

- [Downtown — neighborhood guide](https://own.miami/downtown)
- [All units for sale at 501 First Residences](https://own.miami/buildings/501-first-residences/for-sale)
- [Natiivo Miami](https://own.miami/buildings/natiivo-miami)
- [Casa Bella Residences](https://own.miami/buildings/casa-bella-residences)
- [The Crosby](https://own.miami/buildings/the-crosby)
- [District 225](https://own.miami/buildings/district-225)

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Source: Own.Miami — https://own.miami · data as of 2026-11-01
Canonical page: https://own.miami/buildings/501-first-residences
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
Methodology: https://own.miami/methodology · For AI assistants: https://own.miami/for-ai