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501 First Residences

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121 NE 5th St, Miami, FL 33132

501 First Residences image #1
Sale
43
Rent
27
PRICE
$345,000+
SQ FT
343-835
UNITS
448
STORIES
36
BUILT
2026

About

501 First Residences

501 First: For those with a taste for the high-life, looking to invest with absolutely no rental restrictions, right in the core of Downtown Miami

With a philosophy explaining its name, 501 First residences are crafted for those who “know what it means to be first.” Following through on its vision, the Aria Development Group begins by putting the 40-story high-rise at the center of art, culture, and entertainment in a city with soaring global appeal, Miami.

Designed by Revuelta Architecture International, the 448-unit luxury tower will boast a mid-century, modern appeal. All residential units will come stacked from floors 4 through 36, featuring interiors by Miami-favorite interior design firm Shim Projects - best known for creating visually cohesive spaces and engaging experiences. Right from a stunning porte-cochère entry to stylish lobby, and ground-level food and beverage concept by New York’s famous GPG Hospitality, the development sets the tone for the luxuries future residents can expect. Some outstanding amenities include private workspaces, 75-foot resort-style lap pool, private rooftop movie theater experience, outdoor rooftop game lawn, a VIP residents’ lounge with relaxing “Greenhouse,” fitness center designed by HOMAGE, a pet lounge, and more.

All condo units will be delivered fully finished and furnished, with the added advantage of no rental restrictions. This means that residents will be able to rent to over 35 booking platforms such as Airbnb, HomeAway, and VRBO, or simply enroll in the building’s management program. Owners will also have the option to register with the developer’s leaseback program offering guaranteed returns for 24 months.

Living at the confluence of art, culture, and entertainment, residents will be in the well-connected urban core of Miami with easy access to world-class shops, restaurants, bars, nightclubs, and tons of public transportation options including the inter-city Brightline rail system. Within walking distance to major city attractions, residents will have ready access to the likes of Museum Park, the Perez Art Museum, Frost Science Museum, Bayfront Marketplace and Marina, and the upcoming 30-acre Resorts World Miami (with perhaps the first casino in Miami). By car, Brickell City Centre is 10 minutes, Design District is less than 15 minutes, South Beach and the Miami International Airlines are under 20 minutes.

Prices start from the $300,000s, with a choice of studio, one- and two-bedroom residences

501 First Building Amenities:

ENTRANCE

  • Elegant porte-cochère with 24/7 valet service upon entry
  • Mid-century, modern-inspired interior finishes and furniture in the residential lobby with 25’ ceiling
  • heights
  • Ground-level food and beverage concept by GPG Hospitality
  • Secure bicycle storage in enclosed and air-conditioned space
  • Centrally-located personal storage for all owners

LEVEL 2

  • Private Workspace
  • Pet Lounge - pet bath station to cater to furry residents
  • Mailroom
  • Management Offices
  • Luxer One Package Room featuring a tech-forward, contactless digital package delivery system, cold storage, and dry-cleaning service

ROOFTOP

  • 2-level, double-height amenity area encompassing over 20,000 SF of interior and exterior recreational uses featuring 360-views

ROOFTOP POOL DECK

  • 75-foot, resort-style lap pool
  • Hot hydrotherapy bath
  • North-facing private rooftop movie theatre experience
  • Grill & Chill on the Sunrise and Sunset Decks
  • Outdoor Game Lawn

VIP LIVING ROOM

  • Private club suite with game tables
  • Entertainment chef’s kitchen
  • Media Room & Library with expansive cultural offerings
  • Greenhouse – an urban oasis featuring soothing greenery and plants year-round to relax and unwind at leisure

INDOOR/OUTDOOR WELLNESS

  • State-of-the-art indoor gym designed by HOMAGE Fitness
  • Yoga/meditation
  • Private fitness training rooms
  • Sunrise terrace with stunning views

501 First Residence Features:

  • Fully finished and furnished residences thoughtfully curated by award-winning design firm, Shim Projects
  • Floor to ceiling glass windows with custom window treatments
  • All residences feature balconies
  • Finished flooring on all residential interiors and balconies
  • Kitchens and bathrooms feature custom Italian cabinetry and counters
  • Innovative household appliances by Smeg featuring:

- Speed oven

- Integrated paneled refrigerator/freezer

- Dishwasher

  • Top-of-the-line, separate, in-unit washers and dryers
  • Fully built-out, generous closets
  • Hansgrohe bathroom fixtures, features, and accessories in matte dark finish

Key Building Details

Architect
Revuelta Architecture
Developer
Aria Development
Interior Designer
Shim Projects
Neighborhood
Avg Price / Sq Ft
$1,126
Avg Assoc Fee
$1.64 / sq ft / month
CBB Rank
5/5help popup
Pets
Pets OK for Owners & Renters

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Building Amenities

Pool / Spa
Pool / Spa
Heated Pool
Sport / Fitness
Sport / Fitness
Exercise Room, Pool
Parking
Parking
Garage, Valet
General Amenities
General Amenities
Picnic Area, Business Center, Club Room, Community Room, Elevator
Waterfront
Waterfront
No

Additional details

Avg Price / Sq Ft
$1,126
Unit Conveniences
Central Cooling, Central Heat, Dishwasher, Washer/Dryer
Maintenance Includes
All Amenities
Type of Association
N/A
Style
Condo, Condo 5+ Stories, Condo/Co-Op/Annual
Transit Score ®
Bike Score ®

Available Condos at 501 First Residences

There are currently no units listed for sale in the MLS
for price list and members-only developer specials

501 First Residences floorplans

501 First Residences floorplans
Apt#
00
01A,12B
01B,12A
01,12
02,03,10,11
04,09
05
06
Model
Unit 00
Unit 01A/12B
Unit 01B/12A
Unit 01/12
Unit 02/03/10/11
Unit 04/09
Unit 05
Unit 06
Bed / Baths
Studio / 1
Studio / 1
Studio / 1
2 / 2
1 / 2 +Den
Studio / 1
1 / 1
1 / 1.5
Floors
12 - 36
4 - 11
4 - 11
12 - 36
4 - 36
4 - 36
4 - 36
4 - 36
Interior + Ext (Sq Ft)
412 + 42
409 + 145
447 + 39
757 + 180
544 + 62
402 + 38
489 + 138
561 + 62

501 First Residences building stats

Inventory
Condos for Sale and for Rent
448
Total Condos
43 Condos for Sale
10% of building
27 Condos for Rent
6% of building
16%
of building

Sales stats

Key averages for the building

AVG LIST PRICE

$582,616

AVG LIST PRICE / SQ FT

$1,126

AVG SALE PRICE

$380,500*

*past six months

AVG SALE PRICE/ SQ FT

$854*

*past six months

96*

Avg Days on Market

*past six months

Sales history

Number of sold condos by month

October 2026
0
September 2026
0
August 2026
1
July 2026
1
June 2026
0
May 2026
0

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