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New Construction · Miami, FL
501 First Residences is a community in Miami, Miami-Dade County, Florida. Active listings are priced from $375,000 to $995,000.
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Market Overview
There are 23 active listings for sale in 501 First Residences right now. The median list price is $585,000, or about $1006 per square foot. Listings span $395,000 to $995,000, so there is inventory across most budgets. Homes are averaging 97 days on market. These figures update from the MLS as the market moves.
501 First Residences Market Stats
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About 501 First Residences
501 First Residences is a community in Miami, Miami-Dade County, Florida. Active listings are priced from $375,000 to $995,000. Homes were built between 2025 and 2026. Pure Equity Realty lists homes in 501 First Residences for 1% commission and represents buyers at no cost.
Homes & Architecture
Homes for sale in 501 First Residences offer 1 to 2 bedrooms and 1 to 2 baths. Living areas run from about 343 to 835 square feet. The mix here includes condo homes. Current prices run from $395,000 to $995,000. The homes on the market were built between 2025 and 2026.
Amenities & Lifestyle
501 First Residences is a residential neighborhood, and its homeowners association maintains the shared areas and community standards.
Location
501 First Residences is located in Miami, part of Miami-Dade County, Florida. The Miami area's shopping, dining, schools, and parks are all nearby, and the region's job centers, beaches, and airports are within driving distance.
Buying in 501 First Residences
Buying in 501 First Residences follows the same path as the rest of Miami-Dade County. Getting a mortgage pre-approval first tells you your real budget and lets you move quickly when the right home comes up. Property taxes factor into the monthly payment: the median annual property tax in Miami-Dade County is about $3,516. Florida's homestead exemption lowers the taxable value of a primary residence, and the Save Our Homes cap limits how fast that assessed value can rise from year to year. Budget for homeowners insurance as well. Rates in Florida reflect wind and flood exposure, so gather quotes early and check whether a specific address sits in a FEMA flood zone. Once you are under contract, plan for a home inspection and, if you are financing, a lender appraisal, both of which fall inside the inspection period. Working with an agent who knows Miami means you see new listings in 501 First Residences the day they reach the market.
Selling in 501 First Residences
A successful sale in 501 First Residences comes down to pricing, presentation, and marketing. List prices in 501 First Residences currently center around $585,000, which is a starting reference for where a comparable home might be positioned. Homes that are decluttered, professionally photographed, and priced to recent comparable sales tend to draw the most interest in the first two weeks, when a listing is newest and gets the most views. Florida sellers usually pay the documentary stamp tax on the deed, currently $0.70 per $100 of the sale price in most counties, along with prorated property taxes and, by local custom in many areas, the owner's title insurance policy. We provide a no-obligation home valuation for 501 First Residences owners in Miami, so you can see what your property could sell for before you commit to listing.
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