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Live in the heart of vibrant Downtown Miami in this brand-new, fully furnished studio at 501 First Residences. This modern retreat features floor-to-ceiling glass walls, a private balcony with stunning city views, sleek Italian cabinetry, premium Smeg appliances, and high-end finishes by Shim Projects. Every detail is designed for effortless urban living. Enjoy an unmatched resort-style lifestyle with over 20, 000 sq ft of premium amenities, including a breathtaking rooftop pool with a 75-foot resort-style lap pool and hot hydrotherapy bath, dedicated sunrise and sunset decks perfect for relaxing with panoramic views, a state-of-the-art fitness center designed by HOMAGE Fitness (with yoga/meditation area and private training rooms), and a sophisticated lounge room featuring a private club suite, chef’s kitchen, media room, and lush greenhouse oasis. This 40-story tower offers smart community features and a prime walkable location just steps from Bayside Marketplace, Bayfront Park, Kaseya Center, and minutes from Brickell, the Design District, and South Beach. Move-in ready and move-in fabulous — experience Downtown Miami living at its finest. Don’t miss your chance to call 501 First home!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$3,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $2,400 | $2,400 | $2,400 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $15 | $15 | $20 |
| Total Monthly Payment | $90 | $90 | $95 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.