Introducing 501 First: Downtown Miami’s Latest Short-Term Rental Investment Opportunity
Jun 23, 2021 June 23, 2021
Miami is in the height of another renaissance, with more than 12 new condo building projects announced in the first six months of 2021 alone. One of these latest Miami new construction condo developments is 501 First in the heart of Downtown Miami.
Why should you know about Miami's 501 First?
If you love luxury real estate in a bustling metropolis, then the upcoming 501 First condo development will be worth your attention, especially if you are looking for condo investment opportunities. Miami is one of the world’s most popular destinations, as well as an international travel hub. Condo and real estate investments that allow short-term rentals and Airbnb rentals are extremely popular in a city like Miami.
We have written a lot about Miami condos that allow short-term rentals, and 501 First is one of the latest opportunities, having just launched. In fact, the 40-story tower will have no rental restrictions, allowing for short-term rentals, daily rentals, etc., making it a lucrative investment property. The flexibility to rent with countless online platforms such as Airbnb and HomeAway, or simply enroll in the building’s management program makes it an evergreen option for passive income.
501 First: Luxuries of Downtown Miami Living
Perched right in Miami’s urban core of Downtown, residents here will be surrounded by the best of art, culture, dining, and entertainment in the city. 501 First is just minutes from the likes of Brickell Financial District, the American Airlines Arena, Perez Art Museum, Frost Science Museum, Bayside Park, Arsht Center for Performing Arts, and upcoming Resorts World Miami. 501 First is also next door to a hub public transportation options like the Metromover and inter-city Brightline rail network (with connection to Orlando).
Residences at Downtown Miami’s 501 First
The 40-story high-rise is designed by Revuelta Architecture with amenity spaces decked on floors 1-3 and 37-rooftop. All 448 of the 501 First luxury residences come stacked on floors 4-36.
Delivered fully furnished with mid-century, modern interiors by locally acclaimed design house Shim Projects, all units at 501 First feature a balcony. This means all future residents will be able to step out for a breath of fresh air or to take in stunning sky, Biscayne Bay and city views, day or night.
With a choice of 184 studio, 216 one-bedroom and 384 two-bedroom residences, buyers have a range of floor plans to choose from. Some of the high-end touches offered include floor-to-ceiling glass windows with custom window treatments, custom Italian cabinetry and counters in the kitchens and bathrooms, innovative household appliances by Smeg, like speed ovens, and Hansgrohe bathroom fixtures and accessories in a dark matte finish.
View the 501 First floor plans here.
Amenities at Downtown Miami’s 501 First
Living at 501 First, residents will get ready access to sophisticated co-working spaces, a bistro and bar concept by New York’s premier GPG Hospitality, plus a fully integrated ButterflyMX digital property access system featuring smart and convenient video intercom solutions.
Those who love to stay fit and enjoy the outdoors will appreciate the high-rise building’s rooftop deck with a 75-foot resort-style lap pool and oversized swim-spa, grill and chill sunrise-sunset decks, outdoor game lawn, world-class fitness center with indoor gym designed by HOMAGE Fitness, and a rooftop Greenhouse with year-round greenery - the ultimate urban space to connect with nature.
There will also be a rooftop movie theatre experience, media room & library, club suite with game tables, and pet lounge at 501 First.
If you’re interested to see more about 501 First and its early pricing structure, call, chat, or email to lock in early bird pricing.
If you’re interested in another luxury condo with short-term rental capabilities in Miami, our team of local real estate experts will be happy to guide you to the right fit for your home or investment goals.