Aedificio

Condo in Miami, Miami-Dade County, FL · 476 units

501 First Residences

501 1st Ave, Miami, FL 33132

476 units
Records last updated Jul 2026 · Sources: FL DBPR · County records · FEMA Is this your building? Request a correction

Overview

501 First Residences is a modern and well-maintained condominium building offering high-end amenities, clean common areas, and a central downtown location near transit and entertainment venues. While the staff and management receive frequent praise for attentive service and helpfulness, parking and valet operations are a recurring source of frustration for residents and visitors, and occasional amenity closures have been noted.

Overview compiled from public sources — verify details independently.

At a glance

Facts, not verdicts
Records verified 1 of 6
Structure
Being verified
Milestone
Being verified
Flood
Being verified
Wind
Being verified
Fees
Being verified
Reviews
4 themes

476 residential units on record.

Is 501 First Residences safe? Structure & milestone status

Stories Being verified
Year built Being verified
Structure type Being verified
Milestone inspection (SB 4-D) Being verified

What are the HOA fees at 501 First Residences?

Fee information for this building is being verified from public records.

Local condo market — Miami, FL 33132

Median sale price $460,000 Source: Redfin
Median days on market 145 days Source: Redfin
Year-over-year price change -22.7% Source: Redfin

ZIP-level market snapshot from Redfin public data · updated monthly

What is the flood risk at 501 First Residences?

Flood and wind exposure for this building are being verified from FEMA and county records.

Permits & activity

Permit activity is being compiled from the county building department index.

What residents say about living at 501 First Residences

What works

Responsive managementWell maintainedStrong amenitiesClean common areasGood location

What doesn't

Parking shortagePool closures

Ongoing, not one-off

  • Parking — raised repeatedly, 2026-03 to 2026-07

Aggregated from public reviews. No individuals are named.

Get the full building report

We're compiling special-assessment history, reserve funding status, and structural-safety records for this building. Get notified when the full safety & financial report is ready.

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Frequently asked

Is 501 First Residences safe to live in?

Aedificio doesn't grade or judge buildings. What we can tell you is factual. Applicability is a regulatory classification and does not indicate any problem. For a professional assessment, consult a licensed inspector.

What are the HOA fees at 501 First Residences?

We're verifying this building's fee information from public records. Sign up above to be notified when it's published.

Does 501 First Residences require a milestone inspection?

Based on available records, this building is not classified within the 3+ story milestone-inspection requirement. Verify with the association.

Can you get a mortgage on a condo here?

Condo mortgage eligibility depends on the project's "warrantability" (Fannie Mae / Freddie Mac criteria: owner-occupancy, reserves, litigation, insurance). Aedificio surfaces the public inputs; your lender makes the warrantability determination.

Is 501 First Residences in a flood zone?

We're verifying this building's FEMA flood-zone designation. Sign up to be notified.