501 SW 1st St, Unit 507

789 Sq. Ft.
$304 / Sq. Ft.
789
Sq. Ft.
$304
per Sq. Ft.

Description

Well-located 2-bedroom, 1-bath condo offering comfort and convenience in the heart of Miami. Enjoy relaxing on your private balcony with views of the Miami skyline. Just minutes from Downtown, Brickell, the Miami River, Little Havana, top restaurants, and with easy access to I-95. The unit features tile flooring throughout, a functional kitchen, and one assigned covered parking space. The secure, gated building has a newer roof, a new elevator, freshly painted exterior, new balcony guardrails, laundry...Well-located 2-bedroom, 1-bath condo offering comfort and convenience in the heart of Miami. Enjoy relaxing on your private balcony with views of the Miami skyline. Just minutes from Downtown, Brickell, the Miami River, Little Havana, top restaurants, and with easy access to I-95. The unit features tile flooring throughout, a functional kitchen, and one assigned covered parking space. The secure, gated building has a newer roof, a new elevator, freshly painted exterior, new balcony guardrails, laundry facilities on every floor, remote access control, and low monthly maintenance. Don’t miss this opportunity to own in a central location with city views—schedule your showing today!
  1. Listed by Steven Betolatti • London Foster Realty

Property Details for 501 Southwest 1st Street, Unit 507

Subdivision
RIOPLAZA CONDOMINIUM NORT
Complex Name
RIOPLAZA
Style
Condo 5+ Stories
Waterfront
No
View
Other View, River, Skyline View
Unit View
Other View, River, Skyline View
Furnished
Unfurnished
Area
41
LISTING UPDATED: 01/09/2026 05:19 PM

Property Details for 501 Southwest 1st Street, Unit 507

StatusActive
MLS #A11868071
Days on Market75
Taxes$3,771 / year
HOA Fees$368 / month
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeCondo/Co-Op/Villa/Townhouse / Condo
Year Built1988
CountyMiami-Dade County

Location

Listing Courtesy of London Foster Realty
Add your commute

Building Information for 501 Southwest 1st Street, Unit 507

Building/ComplexRIOPLAZA CONDOMINIUM NORTFloor5Stories6Residences-Pet Policy-Pet Policy Details-Year Built1988

Payment Calculator

$1,852 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,170

Property Taxes

$314

HOA Dues

$368

The Payment Calculator is for illustrative purposes only.

Property Information for 501 Southwest 1st Street, Unit 507

Location Information
Schools
  • Elementary School: Riverside
  • Middle School: de Diego; Jose
  • Senior High School: Washington; Brooker T
Location Information
  • Parcel Number Free Text: 01-41-38-067-0340
  • Parcel Number MLX: 0340
  • MLS Area: 41
  • Municipal Code: 1
  • Township Range: 41
  • Section: 38
  • Subdivision Number: 67
  • Subdivision Complex Bldg: RIOPLAZA
  • Unit Floor Location: 5
  • Total Floors In Building: 6
  • Neighborhoods: MIAMI RIVER/DOWNTOWN
General Information
Parking
  • Num Garage Spaces: 1
  • Parking Description: 1 Space
General Information
  • Front Exposure: South
  • Housing Older Persons Act: Unverified
  • Property Detached: No
  • Minimum Num of Days for Lease: 365
  • Num Times Leased Year: 1
  • Type of Governing Bodies: Condominium
  • Unit Design: Corner Unit, Other
  • Construction: CBS Construction
  • Construction Type: CBS Construction
  • Flooring: Tile Floors
  • Floor Description: Tile Floors
  • Directions: From I-95, take Exit 2A toward NW 2nd Street. Head east on NW 2nd Street, then turn right on SW 5th Avenue. Continue to SW 1st Street and turn left. Property will be on the left.
  • Security Information: Complex Fenced, Elevator Secure, Intercom In Lobby
Room Information
Room Information
  • Rooms Description: No Additional Rooms
  • Bedroom Description: Other
  • Master Bathroom Description: Combination Tub & Shower
  • Master Bath Features: Combination Tub & Shower
  • Dining Description: Dining/Living Room
Additional Property Information
Utilities
  • Heating Description: Central Heat
  • Cooling Description: Ceiling Fans, Central Cooling
Additional Property Information
  • Pets Allowed: No
  • Pets Allowed: No
  • Guest Accommodations: No
  • Room Count: 0
  • Furnished: Unfurnished
  • Interior Features: Other Interior Features, Split Bedroom
  • Equipment Appliances: Microwave, Electric Range, Refrigerator, Smoke Detector
  • Windows Treatment: Verticals
  • Exterior Features: High Impact Doors, Hurricane Shutters, Open Balcony
  • Maintenance Includes: Common Area, Elevator, Laundry Facilities, Parking, Sewer, Trash Removal, Water
  • Amenities: Common Laundry, Elevator
Financial Information
Financial Information
  • Type of Association: Condo
  • Assoc Fee Paid Per: Monthly
  • Flood Zone: AE
  • Tax Year: 2024
  • Tax Information: Tax Reflects City & County Tax
  • Special Information: As Is
  • Special Assessment: No
Rental Information
Rent Information
  • Approval Information: 1-2 Weeks Approval, Association Approval Required
Rent Status
  • Other Fees: $150

Property History for 501 Southwest 1st Street, Unit 507

DateEvent & SourcePriceAppreciation
Jan 9, 2026

Listed (Active)

MiamiRE #A11868071

$240,000
Dec 2, 2025

Pending

MiamiRE #A11868071

Dec 1, 2025

Listed (Active)

MiamiRE #A11868071

Oct 27, 2025

Pending

MiamiRE #A11868071

Oct 27, 2025

Backup Contract

MiamiRE #A11868071

Oct 6, 2025

Price Change

MiamiRE #A11868071

$240,000
Aug 28, 2025

Listed (Active)

MiamiRE #A11868071

$245,000
Jun 8, 2017

Sold (Public Record)

Public Record #598547155

$139,000
Jun 8, 2017

Sold

MiamiRE #A10121749

$139,000
Jun 8, 2017

Pending

MiamiRE #A10121749

Jan 5, 2017

Temp Off Market

MiamiRE #A10121749

Jul 26, 2016

Listed (Active)

MiamiRE #A10121749

$159,000
Jul 11, 2016

Expired

MiamiRE #A2167448

Aug 31, 2015

Listed (Active)

MiamiRE #A2167448

$185,399
DateEvent & SourcePrice
01/09/2026

Listed (Active)

MiamiRE #A11868071

$240,000
12/02/2025

Pending

MiamiRE #A11868071

12/01/2025

Listed (Active)

MiamiRE #A11868071

10/27/2025

Pending

MiamiRE #A11868071

10/27/2025

Backup Contract

MiamiRE #A11868071

10/06/2025

Price Change

MiamiRE #A11868071

$240,000
08/28/2025

Listed (Active)

MiamiRE #A11868071

$245,000
06/08/2017

Sold (Public Record)

Public Record #598547155

$139,000
06/08/2017

Sold

MiamiRE #A10121749

$139,000
06/08/2017

Pending

MiamiRE #A10121749

01/05/2017

Temp Off Market

MiamiRE #A10121749

07/26/2016

Listed (Active)

MiamiRE #A10121749

$159,000
07/11/2016

Expired

MiamiRE #A2167448

08/31/2015

Listed (Active)

MiamiRE #A2167448

$185,399

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 501 Southwest 1st Street, Unit 507

Taxable ValueLand-Additions-Total-
Tax Record2024$3,771 ($314 / month)
Home Facts
Beds2Total Finished SqFt789 SqFtAbove Grade Finished SqFt789 SqFtStyleCondominiumYear Built1988Zoning6110:COMM/RESCountyMIAMI-DADEAPN01-4138-067-0340

Schools near 501 Southwest 1st Street, Unit 507

This home is within Miami-Dade County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Riverside Elementary Community School
PublicPK to 5

Jose De Diego Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

501 Southwest 1st Street, Unit 507 is a condo for sale in Miami, FL 33130. This property was listed for sale on August 28, 2025 by London Foster Realty, it's currently listed at $240,000. It has been on the market for a total of 75 days and was last sold on June 8, 2017. This listing's school district is Miami-Dade County Public Schools. Nearby schools include Riverside Elementary Community School, Air Base K-8 Center for International Education and Jose De Diego Middle School. 501 Southwest 1st Street, Unit 507 is a 2-bed, 1-bath, 789 sqft condo built in 1988.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of London Foster Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.