501 First Residences Homes with Ok To Lease Restrictions

501 First Residences Homes with Ok To Lease Restrictions

Welcome to 501 First Residences, a stunning new subdivision nestled in the vibrant heart of Miami, Florida. This exceptional community is designed for those who appreciate modern living while being surrounded by the dynamic culture and lifestyle that Miami has to offer.

At 501 First Residences, you will find an impressive selection of homes that marry contemporary architecture with functional design. Each residence is thoughtfully crafted, featuring spacious layouts, high-end finishes, and an abundance of natural light. These homes are perfect for families, professionals, or anyone looking to embrace the Miami lifestyle.

One of the standout features of 501 First Residences is the flexibility it offers to homeowners. With an "Ok To Lease" restriction in place, you can enjoy the freedom to rent your property while still reaping the benefits of ownership. This makes it an ideal investment opportunity for those looking to enter the Miami real estate market or for seasoned investors seeking to expand their portfolio in one of the most sought-after locations in Florida.

The subdivision is conveniently located near major roadways, providing easy access to Miami's bustling downtown, beautiful beaches, and a plethora of dining, shopping, and entertainment options. Whether you're looking to relax in the sun, explore the vibrant arts scene, or indulge in world-class cuisine, 501 First Residences puts you at the center of it all.

Come discover your dream home at 501 First Residences, where modern living meets the enchanting spirit of Miami. Your ideal lifestyle awaits!

Newest 501 First Residences Homes with Ok To Lease Restrictions

$889,000
2 Beds ⋅ 2 Baths ⋅ A12070584 MLS ⋅ 33132 Zip Code ⋅ 501 First Residences BLDG.
Investor's dream come true: short-term rental-friendly building, high floor, impressive views, corner unit, fully furnished. Location: Miami World Center. This fully furnished 2-bedroom, 2-bath corner residence sits on a high floor and offers stunning views of Biscayne Bay, the Miami skyline, and Port of Miami. Beautifully equipped with all appliances and a washer and dryer, modern finishes, and a turnkey layout, this unit is ready for personal use, rental income, or both. Located one block from the Kaseya Center, home to world-class concerts, Miami Heat games, and major entertainment events, and minutes from Brickell, Wynwood, Bayside, Miami Worldcenter, and the Brightline station. Offered at $889,000, positioned below competing 2-bedroom listings in the building. A rare opportunity for investors or end users seeking location, views, and rental flexibility in the heart of Miami.

121 Ne 5th St Unit #3312, Miami
$499,000
1 Baths ⋅ A12060745 MLS ⋅ 33132 Zip Code ⋅ 501 First Residences BLDG.
Location!! Unit already generating income in a short rental. This beautifully designed unit comes fully furnished. Approved for short-term rentals. Floor-to-ceiling windows fill the space with natural light and showcase spectacular bay views, while modern finishes and a private balcony. enjoy resort-style amenities and a prime location in the heart of Miami a walking distance from Miami World Center. just moments from dining, entertainment, and waterfront attractions.

121 Ne 5th St Unit #504, Miami
$959,000
2 Beds ⋅ 2 Baths ⋅ A12024881 MLS ⋅ 33132 Zip Code ⋅ 501 First Residences BLDG.
Luxury 2BD/2BA residence at 501 First Residences in the heart of Downtown Miami. Brand-new and fully furnished, For Sale. Features floor-to-ceiling glass, private balcony with stunning bay and city views, sleek Italian cabinetry, and premium appliances. Enjoy 20,000+ SF of resort-style amenities including rooftop pool, hydrotherapy spa, fitness center by HOMAGE, yoga/meditation spaces, private lounges, chef’s kitchen, media room, and greenhouse retreat. Prime location within walking distance to Bayside Marketplace, Bayfront Park, and Kaseya Center, plus direct access to the Metromover for easy connectivity to Brickell, Design District, and South Beach. Easy to show.

121 Ne 5th St Unit #1712, Miami
$390,000
1 Baths ⋅ A12015916 MLS ⋅ 33132 Zip Code ⋅ 501 First Residences BLDG.
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 Downtown rental market. A thoughtfully designed open studio layout providing 359 square feet of interior living space. Unlike typical urban studios, this unit features a deep 38-square-foot balcony, extending the living area into the city atmosphere. Fully equipped with contemporary Italian cabinetry, premium integrated appliances, and an in-unit washer and dryer. Situated at 121 NE 5th St, residents are positioned at the epicenter of Miami's urban evolution. Steps from the multi-billion dollar Miami Worldcenter project, ensuring long-term desirability and infrastructure support. Directly adjacent to the Brightline station and Metro Mover, providing effortless access to the wider South Florida region. Within walking distance of the Kaseya Center, Museum Park, and the city’s premier dining and nightlife.

121 Ne 5 St Unit #709, Miami
$995,000
2 Beds ⋅ 2 Baths ⋅ A11998848 MLS ⋅ 33132 Zip Code ⋅ 501 First Residences BLDG.
Rare 2 Bed / 2 Bath at 501 First Residences, Downtown Miami's premier new tower. Perched on the 21st floor with a SE-facing balcony, this residence offers 760 sq ft per county records, with the developer's floor plan reflecting 835 sq ft interior + 180 sq ft balcony for 1,015 sq ft of total living area. Open-concept layout with floor-to-ceiling impact windows, custom Italian kitchen cabinetry, premium appliances, and in-unit washer/dryer. Primary bedroom features a full en-suite bath; second bedroom and additional full bath offer ideal flexibility for guests, roommates, or maximizing rental income. No rental restrictions — Airbnb allowed from day one. Delivered fully furnished and move-in ready. Enjoy 20,000+ sq ft of amenities: rooftop pool, hot tub, fitness center, 24/7 valet, co-working spaces, pet lounge, and media room — without condo-hotel restrictions. Steps from Miami Worldcenter, Brightline, Kaseya Center, and world-class dining. Minutes to Brickell, Wynwood, and MIA. The SE exposure frames iconic views of Biscayne Bay, PortMiami, and the Downtown skyline — among the most photogenic in the building. Unit is brand new and never occupied, offering true first-owner condition. With Downtown Miami's continued growth, strong short-term rental demand, and no income restrictions, this is a rare asset that works equally well as a primary residence, second home, or income-producing investment.

121 Ne 5th St Unit #2101, Miami
$595,000
1 Beds ⋅ 2 Baths ⋅ A11985345 MLS ⋅ 33132 Zip Code ⋅ 501 First Residences BLDG.
Turn Key Brand new 1 Bedroom + Den, 2 full baths at 501 First Residences, Miami’s newest short-term-rental–friendly tower in the heart of Downtown. This modern residence features an open layout, floor-to-ceiling impact windows, a sleek European kitchen with premium appliances, and a spacious den that functions as a second sleeping area or office. The private balcony offers city views and abundant natural light. Enjoy resort-style amenities including a rooftop pool with panoramic skyline views, state-of-the-art fitness center, coworking spaces, social lounges, and 24/7 concierge. STR/Airbnb allowed from day one, making it ideal for investors seeking high occupancy and strong returns. Unbeatable location: steps from MiamiCentral Brightline Station, Miami Worldcenter, Bayside, Kaseya Center, museums, dining, and retail. Quick access to Brickell, Wynwood, Miami Beach, and MIA Airport. Move-in ready, fully flexible, and perfectly positioned for both living and investment.

121 Ne 5th St Unit #2211, Miami
$475,000
1 Baths ⋅ A11985838 MLS ⋅ 33132 Zip Code ⋅ 501 First Residences BLDG.
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-style amenities including rooftop pool, fitness center, and coworking spaces. Prime location near Brickell, Bayside, and major attractions.

121 Ne 5th St Unit #912A, Miami
$579,000
1 Beds ⋅ 1 Baths ⋅ A11984809 MLS ⋅ 33130 Zip Code ⋅ 501 First Residences BLDG.
Great opportunity to own in one of Downtown Miami's newest development, perfectly positioned for both lifestyle buyers and savvy investors! Fully furnished ready to move-in corner high floor residence with unobstructed views of Miami Skyline. Resort-style amenities include rooftop pool with panoramic city and Bay views, fitness center, concierge, security, valet, work space, outdoor and indoor social lounge, business center and more. Daily rentals, Airbnb and all short-term platforms are allowed. Walking distance to Brightline Station, Bayside Marketplace, Kaseya Center, world-class dining, Miami Worldcenter and more.

121 Ne 5th St Unit #3005, Miami
$475,000
1 Baths ⋅ A11974262 MLS ⋅ 33132 Zip Code ⋅ 501 First Residences BLDG.
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. Located in the highly anticipated 501 First Residences, this unit offers the ultimate flexibility with no rental restrictions, making it a premier choice for high-yield short-term rentals (Airbnb/VRBO) or a sophisticated urban lifestyle. Unit Features: Modern open-concept layout with floor-to-ceiling glass windows. Private balcony with stunning city skyline views. Fully finished and furnished with interiors by award-winning SHIM Projects. High-end Smeg appliances and custom Italian cabinetry. In-unit washer/dryer and smart home technology. Building Amenities: Experience over 20,000 SF of world-class amenities, including a 75-foot rooftop lap pool, a state-of-the-art fitness center by HOMAGE, a lush rooftop greenhouse, co-working spaces, and a private movie theater. Strategically located steps away from Miami Worldcenter, Kaseya Center, and the Brightline station. Don't miss this turnkey investment opportunity!

121 Ne 5th Unit #501B, Miami
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