501 First Residences is the Downtown Miami tower built for the one-day rental, a 40-story condo designed from the start for owners who want to live in it, rent it by the night, or both. With 448 fully furnished residences from studios to two bedrooms, 501 First Residences pairs Revuelta Architecture International design with Smeg kitchens, Hansgrohe baths, and a rooftop built for views. As the first Miami condo without a hotel component to allow daily rentals, it is aimed squarely at investors shopping Downtown Miami condos for sale with rental flexibility.
501 First Residences Key Facts
- Address: Downtown Miami
- Neighborhood: Downtown Miami
- Architect: Revuelta Architecture International
- Stories: 40
- Total Residences: 448 (fully furnished)
- Residence Sizes: 385 - 835 sq. ft.
- Floor Plans: Studios, 1- and 2-bedroom layouts
- Rental Policy: Short-term friendly; 1-day minimum, no hotel component
- Status: Pre-construction
501 First Residences and the One-Day Rental Model
The headline feature is the rental policy: the building allows rentals with a one-day minimum, unlike most condos that require six months or a year. With no hotel component attached, owners keep full control of their units while tapping nightly demand from downtown's business and leisure travel. The 448 residences come fully furnished with floor-to-ceiling glass, custom window treatments, built-out closets, balconies, in-unit washers and dryers, Smeg appliances, and Hansgrohe fixtures. Smart community spaces and building technology round out the investor pitch. Short-term-friendly peers downtown include District 225 and Hub Residences.
Rooftop Amenities
The top floors and rooftop are the social core: a resort-style lap pool, hot hydrotherapy bath, private rooftop movie theater, sunrise and sunset decks, and a pet lounge with bath station, all oriented to water and city views.
Downtown Location
The Downtown Miami address puts Miami Worldcenter, the Kaseya Center, Bayfront Park, and Bayside Marketplace within easy reach, with the Metromover nearby. Browse new residential developments and Downtown Miami condos.
501 First Residences Frequently Asked Questions
What makes 501 First Residences different?
It is billed as the first Miami condo without a hotel component to allow rentals with a one-day minimum, giving owners unusual flexibility.
How many units are there?
448 fully furnished residences across 40 stories, from studios to two-bedroom layouts of 385 to 835 square feet.
Who designed it?
Revuelta Architecture International.
What finishes come standard?
Floor-to-ceiling glass, custom window treatments, built-out closets, balconies, in-unit washers and dryers, Smeg kitchen appliances, and Hansgrohe bathroom fixtures.
What amenities are planned?
A rooftop resort-style lap pool, hot hydrotherapy bath, private rooftop movie theater, sunrise and sunset decks, and a pet lounge with bath station.
Is it good for investors?
The one-day rental policy and furnished turnkey units are aimed directly at investors seeking nightly rental income in Downtown Miami.
