501 First Residences Homes under $500,000

Welcome to 501 First Residences, an exquisite subdivision nestled in the vibrant heart of Miami, Florida, within the dynamic Miami-Dade County. This charming community offers a unique blend of modern living and urban convenience, making it an ideal choice for families, professionals, and anyone looking to embrace the Miami lifestyle.

At 501 First Residences, you'll discover a selection of beautifully designed homes priced under $500,000, making it an attractive option for first-time homebuyers and savvy investors alike. Each residence boasts contemporary architecture, spacious layouts, and an array of desirable features that cater to today’s discerning homeowner. From open-concept living spaces to stylish kitchens and private outdoor areas, these homes are designed for comfort and functionality.

The subdivision's prime location means you're never far from the excitement that Miami has to offer. Enjoy easy access to stunning beaches, world-class dining, and vibrant cultural attractions. Whether you prefer a leisurely day at the beach, exploring the Art Deco District, or indulging in the diverse culinary scene, 501 First Residences places you right in the center of it all.

In addition to its appealing homes and unbeatable location, the community fosters a welcoming atmosphere with well-maintained common areas and friendly neighbors. With a commitment to quality living and a focus on affordability, 501 First Residences is more than just a place to live—it's a lifestyle waiting to be embraced. Discover your new home in this delightful Miami community today!

Newest 501 First Residences Homes under $500,000

121 NE 5th Street Unit 2409, Miami image

121 NE 5th Street Unit 2409, Miami $435,000

Beautiful studio with balcony and amazing views at the brand new 501 First Residences in Downtown Miami. Fully furnished and move-in-ready, just bring your toothbrush! No...

1 Baths
A12093623 MLS

Courtesy of Affinity International Realty

Listing courtesy of Affinity International Realty. Contact:

121 NE 5th Street Unit 504, Miami $499,000

Location!! Unit already generating income in a short rental. This beautifully designed unit comes fully furnished. Approved for short-term rentals. Floor-to-ceiling windo...

1 Baths
A12060745 MLS

Courtesy of Realty One Group Evolution

Listing courtesy of Realty One Group Evolution. Contact:

121 NE 5th Street Unit 304, Miami $449,000

Experience the ultimate investment opportunity at 501 First Residences in the heart of Downtown Miami! This fully furnished turnkey studio offers modern finishes, an open...

1 Baths
A12051789 MLS

Courtesy of BM2 Realty

Listing courtesy of BM2 Realty. Contact:

121 NE 5th Street Unit 3704, Miami image

121 NE 5th Street Unit 3704, Miami — 501 First Residences $500,000

BRAND NEW CONSTRUCTION! DEVELOPER UNIT! Studio / 1 Bath | 402 SF | South-FacingExceptional opportunity to own a brand-new, fully furnished residence in the heart of Downt...

1 Baths
A12050355 MLS
501 First Residences Bldg.

Courtesy of One World Properties

Listing courtesy of One World Properties. Contact:

121 NE 5th Street Unit 3200, Miami image

121 NE 5th Street Unit 3200, Miami $468,000

A move-in-ready, fully furnished studio in a building that permits short-term rentals a key differentiator in Downtown Miami, where Airbnb-approved inventory is limited ...

1 Baths
A12039927 MLS

Courtesy of MAK Realty Group

Listing courtesy of MAK Realty Group. Contact:

121 NE 5 Street Unit 709, Miami — 501 First Residences $390,000 ▼

Unit 709 presents a opportunity in one of Miami’s most sought-after new developments. This 2025-built studio is designed for maximum utility and appeal in the high-demand...

1 Baths
A12015916 MLS
501 First Residences Bldg.

Courtesy of Cervera Real Estate Inc.

Listing courtesy of Cervera Real Estate Inc.. Contact:

121 NE 5th Unit 501B, Miami $475,000

Brand New Luxury Condo at 501 First Miami – No Rental Restrictions!Be the first to own this pristine, newly delivered residence (Unit 501B) in the heart of Downtown Miami...

1 Baths
A11974262 MLS

Courtesy of Core Realty Associates, Inc.

Listing courtesy of Core Realty Associates, Inc.. Contact:

121 NE 5th Street Unit 912A, Miami image

121 NE 5th Street Unit 912A, Miami $475,000

Modern studio at 501 First Residences in Downtown Miami. Features floor-to-ceiling windows, European kitchen, in-unit washer/dryer, and high-speed internet. Enjoy resort-...

1 Baths
A11985838 MLS

Courtesy of Core Realty Associates, Inc.

Listing courtesy of Core Realty Associates, Inc.. Contact:

121 NE 5th Street Unit 807, Miami $449,000

Unit 807 Studio Turnkey investment opportunity at 501 First Residences, a modern Downtown Miami building allowing daily rentals with no minimum restrictions—ideal for sho...

1 Baths
A11961922 MLS

Courtesy of Optimar International Realty

Listing courtesy of Optimar International Realty. Contact:

121 NE 5th Street Unit 1001B, Miami image

121 NE 5th Street Unit 1001B, Miami $475,000

High-floor fully furnished studio at 501 First Residences designed for investors seeking daily rental income potential in the heart of Downtown Miami. Unit 1001B offers 3...

1 Baths
A11961966 MLS

Courtesy of Optimar International Realty

Listing courtesy of Optimar International Realty. Contact:

121 NE 5th Street Unit 401B, Miami image

121 NE 5th Street Unit 401B, Miami $439,000

Investor-friendly turnkey studio at 501 First Residences—one of Downtown Miami’s newest buildings allowing legal daily rentals, ideal for Airbnb-style income strategies. ...

1 Baths
A11961990 MLS

Courtesy of Optimar International Realty

Listing courtesy of Optimar International Realty. Contact:

121 NE 5th Street Unit 1404, Miami image

121 NE 5th Street Unit 1404, Miami — 501 First $489,000

Excellent investor opportunity! This brand-new furnished studio in Downtown Miami can be rented daily. Located in modern 501 First building, just steps from the Metromove...

1 Baths
A11992993 MLS
501 First Bldg.

Courtesy of Exclusive Living R.E. LLC

Listing courtesy of Exclusive Living R.E. LLC. Contact: