501 First Residences: How It Compares

This note is a comparison read on 501 First Residences in Downtown Miami, Miami-Dade: how the project lines up against the nearby new construction it competes with for the same buyers. This article is written to complement the project's own buyer guide on this site rather than repeat it. Every factual claim below carries a dated source, cited inline and opening in a new tab, and anything that could not be verified reads exactly "Contact for current information."

How it compares with nearby developments

501 First Residences is a completed Condominium in Downtown Miami, Miami-Dade , developed by Aria Development Group. The building holds 476 residences across 40, with studios, 1-2 bedroom residences. The developer attribution is verified against a dated public source (Official project website, verified November 2026). As with any new construction, the facts that matter most are the current ones: today's price list, today's availability, and today's timeline, all of which move as phases sell.

The verified record on this page shows the project as completed. That status carries a dated citation (Florida YIMBY, verified November 2026). The completion evidence reviewed for this article points to Completed 2026. See the citation (MiamiResidential and Florida YIMBY, verified November 2026).

Reported pricing for the project has been published from roughly Current listings ~$390K-$995K. The price band carries a dated citation (MiamiResidential and Florida YIMBY, verified November 2026). Published price-list dates are only reference points: the figures shown are the ones the cited sources recorded, and current pricing changes as phases sell. Contact for current information on today's price list.

The verified record

Each fact below is one this article could confirm against a dated, clickable source. Facts carry the verification date recorded with them (verified November 2026); where a fact could not be verified, this article says so plainly and reads "Contact for current information" rather than guessing.

• Developer Aria Development Group with partner AQARAT; architecture Revuelta Architecture International; interiors Shim Projects Official project website , verified November 2026.
• 476 residences in a 40-story tower, studios to two-bedrooms of about 385 to 835 sq ft on levels 3 through 37 Official project website , verified November 2026.
• Construction concluded June 2026; building complete and open Florida YIMBY , verified November 2026.
• Current listings about $390,000 to $995,000; starting prices around $430,000 reported at completion MiamiResidential and Florida YIMBY , verified November 2026.
• No rental restrictions reported; short-term rentals allowed Condo Black Book , verified November 2026.
• Amenity program: rooftop Verde deck with 75-foot lap pool, HOMAGE fitness, pet lounge and Luxer One parcel rooms Official amenities page , verified November 2026.

What to confirm before you commit

The buyer-guide page for 501 First Residences on this site walks the full spec sheet: floor plans, finishes, deposit structure, and the developer contract. This article deliberately does not repeat those details. Before any decision, confirm the items that always move:

• The current price list and any published price-list dates, including what is actually available at that price. Contact for current information.
• The deposit schedule and cancellation terms, confirmed in writing with the developer. Contact for current information.
• Monthly HOA or condominium fees, the reserve position, and any special assessments on the table. Contact for current information.
• Rental rules and any board approval or right of first refusal that applies to the building. Contact for current information.
• The current completion timeline and what happens if it slips. Contact for current information.

How it fits your strategy

Start with the full buyer guide for 501 First Residences, then use the new construction directory to compare it against every other tracked project. The guide to buying new construction explains deposits, timelines, and incentives, the luxury homes overview positions it against the wider market, and the consultation page is where a private conversation about this project starts.

Nearby developments to compare

• Mercedes-Benz Places Miami , from ~$550k (reported; listings from ~$755k), Brickell. See the full buyer guide for current details.
• Cipriani Residences Miami , official entry from ~$1.85m; penthouses to ~$15m+, Brickell. See the full buyer guide for current details.
• 1428 Brickell , from ~$2.3m, Brickell. See the full buyer guide for current details.