South Florida Condo Fee Index · development report · as of September 7, 2026 · Miami, Miami-Dade County
501 First Residences, Miami: condo fees, what sold, and what is for sale today
As of September 7, 2026, the typical 501 First Residences condo listed for sale carries an association fee of $750 a month, 23% below the Miami condo median of $973. 33 units are for sale, and 39.4% have cut their asking price. Only 1 501 First Residences condos closed between September 2025 and August 2026, too few for a sold-price median.
The fees displayed are only as accurate as the brokerage that provided them in its individual listings through the multiple listing service. Information is deemed to be reliable but not guaranteed.
Median condo fee / month$750Miami condos $973; 33 listings state a fee
Median condo asking price$540K33 for sale; $1,133 per sq ft
Have cut their price39.4%median cut $41,000 (6.8%)
Median days on market102cumulative, relistings included
Built2025median year built across listings
For buyers and sellers: Budget $750/mo as the middle of the 501 First Residences market; the Miami condo median is $973/mo. With 33 units for sale and 39.4% already cut, compare fee coverage before comparing dollars.
The story for media: "33 condominiums are for sale in 501 First Residences, Miami, with a median association fee of $750 a month; 39.4% have reduced their asking price, according to PBP Real Estate's daily analysis of BeachesMLS data as of September 7, 2026."
What condos actually sold in 501 First Residences, month by month
Only 1 501 First Residences condominium closed between September 1, 2025 and August 31, 2026 in listings permitted for internet display, so no sold-price chart is shown. Miami condos overall: 3,910 closings, median $380,000, 93% of original asking.
Where the 501 First Residences fee sits among Miami condos
501 First Residences median $750/mo against the Miami middle half ($599 to $1,539) and median ($973); 35.8% of Miami condo listings ask less.
Shaded band = 25th to 75th percentile of Miami condo fees for sale today. Source: BeachesMLS via PBP Real Estate's brokerage feed, condominium listings permitted for internet display. Active and under contract as of Sep 7, 2026; closed sales September 2025 to August 2026. Deemed reliable but not guaranteed.
Inside 501 First Residences the middle half of fees runs $567 to $892 a month ($1.48 per square foot).
What the 501 First Residences fee includes, as entered by listing brokers
Internet 64%
Water 64%
Trash 52%
Common areas 52%
Sewer 44%
Security 44%
Hot water 40%
Cable TV 36%
Pool 36%
Grounds 28%
Share of the 25 501 First Residences listings that state what the fee covers. Utilities, insurance and reserves change what a fee is worth; compare coverage before dollars.
What condos are for sale in 501 First Residences today
33 condos by size, with the median asking price of each group
Source: BeachesMLS via PBP Real Estate's brokerage feed, condominium listings permitted for internet display. Active and under contract as of Sep 7, 2026; closed sales September 2025 to August 2026. Deemed reliable but not guaranteed.
0%of condos are under contract0 of 33 listings
$41,000median condo price cut6.8% off the original asking price
102median days on marketcumulative, relistings included
0mention a special assessment0 of 33 listings (0%)
0state an age restriction (55+)0 of 33 listings (0%); confirm with the association
0mention a required membership0 of 33 listings (0%)
0mention a land or recreation lease0 of 33 listings (0%)
Counts of the condominium listings for sale whose agent-written public remarks mention each item; not verified and not a statement about the association. Ask for the budget, reserve study and any assessment resolution before writing an offer.
For sellers
Pricing a home correctly is a skill. It starts with data most agents and consumers never see.
39.4% of the condos for sale in 501 First Residences, Miami have already had to cut, a median $41,000, and buyers compare your fee against 33 other listings before they book a showing.
This page is built from every 501 First Residences, Miami listing in BeachesMLS and refreshed each morning. Gia Freer, Broker of Record, turns that same data into one written pricing opinion for your condo: the sales, cuts, fees and days on market it actually competes with, with the reasoning, before it goes live.
No website estimate, no automated number: a comparative market analysis done by hand, within one business day.
39.4%Have already cutmedian cut $41,000 (6.8%)
60.6%Still at their first priceevery seller starts here; the first price decides who stays
33 condos for sale in 501 First Residences, Miami, BeachesMLS, September 7, 2026. Information is deemed reliable but not guaranteed.
501 First Residences questions, answered from the data
What is the condo fee in 501 First Residences, Miami?
As of September 7, 2026, the median monthly-equivalent association fee across the 33 501 First Residences condominiums for sale that state a fee is $750; the middle half runs $567 to $892. That is 23% below the Miami condo median of $973. The fees displayed are only as accurate as the brokerage that provided them in its individual listings through the multiple listing service. Information is deemed to be reliable but not guaranteed.
What did condos in 501 First Residences sell for?
Only 1 501 First Residences condominium closed between September 1, 2025 and August 31, 2026 in listings permitted for internet display, which is below the five needed for a sold-price median. The Miami condo market closed 3,910 sales in the same window at a median $380,000.
How many 501 First Residences condos are for sale, and are prices being cut?
33 501 First Residences condominiums are listed for sale as of September 7, 2026, asking from $390,000 to $995,000 with a median of $539,900; 0 more are under contract. 39.4% of the active listings have reduced their price at least once, by a median $41,000 (6.8%). The median active condo listing has been on the market 102 cumulative days, relistings included.
Does 501 First Residences have special assessments, age restrictions or membership requirements?
We report what listing agents wrote, not what the association has decided. Among the 33 501 First Residences listings for sale, 0 mention a special assessment in the public remarks; 0 state an age restriction such as 55+; 0 mention a required club or equity membership; 0 mention a land or recreation lease. Confirm every one of these with the association documents before writing an offer.
How is this 501 First Residences report built and how often is it updated?
Every morning from PBP Real Estate's own BeachesMLS data feed: active and under-contract condominium listings in Miami whose subdivision field names 501 First Residences, plus every closing in the twelve months ending August 31, 2026. Fees are converted to a monthly equivalent and both association layers are summed. Medians need five or more records, percentages ten or more; smaller groups are shown as counts. This is a market read of MLS listing data, not an opinion of value about any unit or a statement about the association's finances. The fees displayed are only as accurate as the brokerage that provided them in its individual listings through the multiple listing service. Information is deemed to be reliable but not guaranteed.
More live Miami data
As of September 7, 2026. PBP Real Estate analysis of BeachesMLS listings.
Method: listings whose MLS subdivision field maps to 501 First Residences after normalization (tower, section and phase records merged; master community plus its enclaves), condominiums by tax legal description (a townhouse, villa or house whose legal records a condominium is included), Miami, permitted for internet display in PBP Real Estate's BeachesMLS data feed. Active and under-contract figures are from the daily snapshot as of September 7, 2026; closed sales are from a rolling archive and cover September 1, 2025 to August 31, 2026, the last full month, because closings are reported to the MLS with a lag. Fees are as entered by each listing office, converted to a monthly equivalent, with master and sub-association layers summed. Medians require five or more records and percentages ten or more; smaller groups are shown as counts. Remark-based flags are keyword classifications of agent-written text and are not verified. Nothing here is an opinion of value about any property or a statement about any association's finances. The fees displayed are only as accurate as the brokerage that provided them in its individual listings through the multiple listing service. Information is deemed to be reliable but not guaranteed.
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Data last updated September 7, 2026.
