About this home
Brand new studio at 501 First Residence Condominium in Downtown Miami. Unit 1500 offers 458 SF with floor to ceiling impact windows, private balcony and stunning 180 ` ocean city views . Fully furnished with brand new bed , mattress, desk, stools and sofa -Trunkey and ready for immediate rental income. Luxury amenities include a rooftop pool (40th floor) sunrise & sunset lounge (38th Floor) fitness center , coworking spaces and party room . Near Metro mover, Miami World Center , Brightline Station, Bayfront Park and entertainment. Prime opportunity in Maimi's high - demand short-term rental market.
Features
- Lobby
- First Floor Entry
- Elevator
- Skylight
- East Of Us1
- West Of Us1
- Barbeque
- Open Balcony
- Bay
- Ocean View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $2,417
- HOA
- $674 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.