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$240,000

  • For Sale
  • Active
  • Condo
  • 2 Beds
  • 1 Full Bath
  • 789 Sq. Ft.
  • Updated 8 days ago
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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!

Full Property Details for 501 SW 1st St #507

General

  • Price: $240,000
  • HOA FEE: $368/month
  • Taxes: $3,771 (2024)
  • Status: Active
  • Type: Condo
  • Source: Greater_Miami
  • MLS ID: A11868071
  • Updated: 1/9/2026
  • Added to Site: 142 day(s) ago

Interior

  • Interior Features: Other, Split Bedroom, No Additional Rooms
  • Appliances: Microwave, Electric Range, Refrigerator
  • Furnishings: Unfurnished
  • Flooring: Tile

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Primary Bathroom: Combination Tub & Shower

Bedrooms

  • Total Bedrooms: 2
  • Bedroom Features: Other

Other Rooms

  • Living Room: No Additional Rooms Sq. Ft.
  • Dining Room: Dining/Living Room
  • Laundry: Common Area

Additional Information

  • Shared Amenities: Laundry, Elevator(s)
  • Maint. Includes: Common Area, Elevator, Laundry Facilities, Parking, Sewer, Trash Removal, Water
  • Security/Safety: Smoke Detector, Complex Fenced, Elevator Secure, Intercom In Lobby

Exterior

  • Exterior Features: Other, Open Balcony
  • Deck/Patio: Open Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Covered Spaces: 1
  • Parking Features: 1 Space

Location

  • Area: Rioplaza Condominium Nort
  • County: Miami-Dade County
  • Subdivision: RIOPLAZA CONDOMINIUM NORT
  • Building Name: RIOPLAZA
  • Driving 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.
  • Direction Faces: South

School Information

  • Elementary School: Riverside
  • Middle School: de Diego; Jose
  • High School: Washington; Brooker T

Community

  • Community Name: Rioplaza Condominium Nort
  • Association: Yes

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Central Air
  • Heating Type: Central

Structural Information

  • Architectural Style: Corner Unit
  • Structure Type: Condo 5+ Stories, Condo
  • Detached/Attached: Attached
  • Construction: CBS Construction
  • Windows: Hurricane Shutters, Verticals
  • Doors: High Impact Doors
  • Entry Floor Number: 5
  • Building Size: 789
  • Square Feet: 789
  • Living Area: 789 Sq. Ft.
  • Year Built: 1988

Lot Features

  • Property View: Other View, River, Skyline

Water Features

  • Water View: Yes

Financial Considerations

  • Price Per Sq. Ft.: $304.18
  • Association Fee: $368
  • Assoc Fee Freq.: Monthly
  • Tax Amount: $3,771
  • Tax Year: 2024
  • Terms: All Cash, Conventional

Disclosures and Reports

  • Legal Description: RIOPLAZA CONDOMINIUM NORTH UNIT 507 UNDIV .01684 INT IN COMMON ELEMENTS OFF REC 13859-372 OR 15842-3540 0393 1
  • Restrictions: No Lease First 2 years
  • Property ID: 01-41-38-067-0340

Listed by London Foster Realty

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Listing agent

— 501 SW 1st St #507 —

  • London Foster Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 501 SW 1st St #507

School District:Dade County School District
NameGradesDistance
Riverside Elementary Community School
1190 Southwest 2nd Street, Miami, FL 33130
PK-50.7 mi
Jose De Diego Middle School
3100 Northwest 5th Avenue, Miami, FL 33127
6-82.3 mi
Booker T. Washington Senior High School
1200 Northwest 6th Avenue, Miami, FL 33136
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 501 SW 1st St #507 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/06/2025
Price Reduced
$240,000
-2.04%
MLS
8/28/2025
Listed
$245,000
76.26%
MLS
6/08/2017
Sold
$139,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 501 SW 1st St #507

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,771
9%
$213,785
15%
2023
$3,459
16%
$185,900
28%
2022
$2,993
7%
$145,200
10%
2021
$2,805
2%
$132,000
4%
2019
$2,747
14%
$127,046
10%
2018
$2,419
7%
$115,497
8%
2017
$2,265
2417%
$106,942
189%
2016
$90
-1%
$37,016
1%
2015
$91
-2%
$36,759
1%
2014
$93
4%
$36,468
1%
2013
$89
—
$35,930
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 501 SW 1st St #507

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by London Foster Realty

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501 SW 1st St #507, Miami, FL 33130 (MLS# A11868071) is a Condo property with 2 bedrooms and 1 full bathroom. 501 SW 1st St #507 is currently listed for $240,000 and was received on August 28, 2025. Want to learn more about 501 SW 1st St #507? Do you have questions about finding other Condo real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.

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