501 NE 1ST ST # 1006, Miami Beach FL 33132 | Miami-Dade County | A11982776
- $690,000
- Condominium
- 1
- 1
- 0
- 511 Sq Ft
- $690,000
Description
AMAZING LOCATION AT THE HEART OF MIAMI DOWNTOWN, CLOSE TO MIAMI’S BRAND-NEW WORLD TRADE CENTER. LUXURY CONDO TURN-KEY READY FULLY FURNISHED FEATURING WORLD-CLASS AMENITIES INCLUDING BREATH-TAKING CITY VIEWS FROM TERRACE SWIMMING POOL, SOLARIIUM, RELAX ROOMS, BUSINESS CENTER FOR CO-WORKING SPACES, PRIVATE MEETING ROOMS AND STATE-OF-THE ART FITNESS CENTER. MODERN FLOOR PLANS AND HIGH-END APPLIANCES INCLUDING PRIVATE LAUNDRY WITH WASHER & DRYER. GREAT FOR INVESTORS SEEKING NO RENTAL RESTRICTIONS AND VACATION-RENTAL FRIEDLINESS.365-24/7 ON-SITE SECURITY AND SURVEILLANCE, VALET PARKING AND CONCIERGE SERVICES. JUST CAN’T MISS THIS GREAT OPPORTUNITY TO OWN YOUR SPACE AT THE MOST SOUGHT-AFTER & ACTIVE LOCATION IN MIAMI, FLORIDA.
Property Overview
This is a 1-bedroom, 1-bath condominium of about 511 square feet at 501 NE 1ST ST # 1006, Miami Beach FL 33132 (Miami Beach 33132), listed at $690,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $807.
As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $13,800/yr (≈ $1,150/mo); with the homestead exemption on a primary residence, about $12,800/yr (≈ $1,067/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The list price for 501 NE 1ST ST # 1006 is $690,000. This unit is Turn Key Furnished, and fixtures and built-in appliances convey with the sale. A private pool is also on record as conveying with the home.
Shared community amenities include the business center, cabana, clubhouse-clubroom, community room, elevators, exercise room, heated pool, kitchen facilities, library, pool, spa/hot tub, and trash chute. Contact Christopher Lazaro, Miami Beach Real Estate Agent, to verify these details.
Where exactly is it, and what should I know about the location?
The property is located at 501 NE 1ST ST # 1006, Miami Beach FL 33132, situated within the coastal corridor of Miami Beach 33132. This unit is listed at $690,000 and contains one bedroom and one bathroom across approximately 511 sqft.
Contact Christopher Lazaro, Miami Beach Real Estate Agent, to verify specific location details.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee is $807. This payment covers all amenities, elevator, manager, outside maintenance, pool service, recreation facilities, security, and trash removal.
The community is subject to city ordinances found at https://library.municode.com/fl/miami-beach/codes/code_of_ordinances . Contact Christopher Lazaro, Miami Beach Real Estate Agent, to verify these details.
What are the property taxes and homestead implications?
As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $13,800/yr (≈ $1,150/mo); with the homestead exemption on a primary residence, about $12,800/yr (≈ $1,067/mo). Florida's homestead exemption lowers taxable value only for a primary residence.
Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes. Contact Christopher Lazaro, Miami Beach Real Estate Agent, to verify these figures.
Is the home in a flood zone, and what does that mean?
Flood zones identify areas at risk for flooding, which you can define through FEMA definitions. Lenders often require flood insurance for properties located in high-risk zones. View the FEMA flood map for this address to see the specific designation for this unit.
Contact Christopher Lazaro, Miami Beach Real Estate Agent, to verify these details.
Are pets allowed?
Pets are allowed, with restrictions (or possible restrictions). We will pull the association's exact current pet rules for this unit on request.
Separate federal accommodation rules can apply if a documented service animal or ESA is involved. Contact Christopher Lazaro, Miami Beach Real Estate Agent, to verify.
How is the price set and is there room to negotiate?
Miami-Dade condos have recently been closing at 94% of list, about 64 days on market (MIAMI REALTORS®, May 2026). The specific valuation for 501 NE 1ST ST # 1006 at $690,000 comes from a CMA.
I provide a Miami Beach-specific CMA to ensure your offer is precise. Contact Christopher Lazaro, Miami Beach Real Estate Agent, to verify these figures.
What financing step do you recommend before touring?
Secure a pre-approval before touring 501 NE 1ST ST # 1006 to ensure your budget aligns with the $690,000 list price. You should connect with a Florida-licensed mortgage originator to establish your buying power.
Contact Christopher Lazaro, Miami Beach Real Estate Agent, to verify these details.
Monthly Fees & Carrying Costs
| Association Fee | $807 / month |
| Condo Maintenance Fee | $807 / month |
| Total Monthly Fees | $1,614 / month |
Fees with a non-monthly frequency are converted to a monthly equivalent in the total.
- Membership Required: No
- Application Fee: $100 (one-time)
Have a question about this Miami Beach listing?
Talk directly with Christopher Lazaro, your Miami Beach real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: 1ST ST
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City: Miami Beach
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State/county: Miami-Dade County
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Zip/Postal Code: 33132
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Area: 501 FIRST RESIDENCES CONDO
Details
Updated on June 30, 2026 at 9:49 pm-
Property ID A11982776
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Price $690,000
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Property Size 511 Sq Ft
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Bedroom 1
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Room 0
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Bathroom 1
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Garage 0
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Year Built 2025
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Ceramic Floor
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Bedroom Features Primary Bedroom Upstairs
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Cooling Central Air, Electric
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Association Type Condo
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Building 501 RESIDENCES CONDO
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Association Fee Frequency Monthly
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Area 501 First Residences Condo
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Annual Tax 0
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Maintenance Fee Paid Per Monthly
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Association Yes
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Private Pool Yes
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Listing Terms All Cash, Conventional
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Neighborhood MIAMI DOWNTOWN
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Waterfront No
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Full Bathrooms 1
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Subdivision 501 FIRST RESIDENCES CONDO
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Total Stories 40
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Restrictions Corporate Buyer OK, Ok To Lease, Okay To Lease 1st Year
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Maintenance Includes All Amenities, Elevator, Manager, Outside Maintenance, Pool Service, Recreation Facilities, Security, Trash Removal
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Parking 1 Space, Assigned, Guest, Limited # Of Vehicle, No Rv/Boats, No Trucks/Trailers
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Heating Central, Electric
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2025
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Construction Concrete Block Construction, CBS Construction
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Covered Spaces 0
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Unit Floor 10
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View Garden View
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Year Built Details New Construction
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High School New World School Of Art
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Pets Allowed Yes
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Attached Yes
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Unit Number 1006
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Patio / Porch Open Balcony
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New Construction Yes
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Garage Spaces 0
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Style Condo 5+ Stories
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Association Fee 807
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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