501 First Homes for Sale

501 First is a residential community in Miami, Florida. Active listings are currently priced from $410K–$820K.

Pure Equity Realty covers 501 First and the Miami area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows a single listing for 501 First Miami homes for sale as of October 2026. The median asking price is $410,000.

That is 36% below the Miami median of $645,000. On a per-foot basis, homes here ask about $1,142 per square foot, compared with $509 across Miami. With so few listings, though, treat these figures as a snapshot rather than a trend.

Listings here have averaged 129 days on the market. That tracks the Miami average of 144 days, so pricing and terms follow the wider city market.

Homes listed in 501 First date from 2025 to 2026. That puts them between 0 and 1 years old.

Every one of these homes went up after Florida adopted its statewide building code in 2002. In practice, that usually means impact-rated openings and stronger roof attachment. A wind mitigation inspection documents those features, and Florida insurers must offer premium discounts for them.

501 First has new construction. Builders usually require your agent to register you on the first visit, so bring your agent or call us before you walk in.

Rentals in 501 First have a median asking rent of $3,248 per month, across 2 active rental listings. For comparison, the Miami median is $3,000, so rents here run 8% higher.

You can browse current Miami rentals or ask us for a rent estimate on a specific 501 First home.

Here is what the median 501 First price means in Florida closing terms. At $410,000, a 20% down payment comes to about $82,000, leaving a loan near $328,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,148. Next, the intangible tax of 0.2% adds about $656. Buyers normally pay both at closing.

On the seller side, Miami-Dade charges deed stamps of 60 cents per $100 on a single-family home, about $2,460 at this price. Condos and other property types pay a higher rate.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent 501 First listings show assignments to Frederick Douglass (elementary), Jose De Diego (middle) and Booker T. Washington (high). However, boundaries can change each year, so confirm the assignment for a specific address with Miami-Dade County Public Schools.