501 First Residences
121 NE 5th St, Miami, FL 33132
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
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Building Amenities
Additional details
501 First Residences floorplans

501 First Residences building stats
501 First Residences building stats
Sales stats
Key averages for the building
$582,616
$1,126
$380,500*
*past six months
$854*
*past six months
96*
Avg Days on Market
*past six months
Sales history
Number of sold condos by month
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