$23,500,000
6 bd · 8 ba · 6,000 sqft
500 Alton Rd # 4501, Miami Beach, FL 33139
FIVE PARK MIAMI BEACH
Five Park Building Guide
500 Alton Rd, Miami Beach, FL 33139 · Miami Beach
Inside Five Park
Arriving in 2024 at the gateway to South Beach, Five Park took the crown as the neighborhood's tallest tower — 48 stories of Arquitectonica curves above a new three-acre public park. A full upper floor houses the Canopy Club, effectively a shared penthouse living room with ocean-to-bay panoramas, and a sculptural pedestrian bridge carries residents over Fifth Street toward South Pointe. Homes emphasize rounded glass walls and wide terraces positioned for both sunrise and sunset water views. Early buyers bet on the island's western gateway maturing; the finished building has largely proven them right.
On 500 Alton Rd in South Beach, Five Park stands 48 stories tall and dates to 2024. We follow this building unit by unit: each line, floor and exposure trades at its own level, so the listings below are sorted by status — available, under contract and recently closed — rather than blended into a single average.
The layouts seen in recent MLS activity run from 1-bedroom plans up to 6-bedroom residences. Shared facilities on record for the building include elevator secure, elevator(s), exercise room, business center, doorman and smoke detector — worth confirming with the association which are covered by the monthly dues and which carry their own fees. For closed prices, rents and time-to-sell by bedroom count, scroll to the twelve-month market report for Five Park further down.
Building Record
- Address
- 500 Alton Rd, Miami Beach, FL 33139
- Year Built
- 2024
- Stories
- 48
- Architect
- Arquitectonica
- Median Price / SqFt
- $2,257
Shared Amenities at Five Park
- Elevator Secure
- Elevator(s)
- Exercise Room
- Business Center
- Doorman
- Smoke Detector
- Spa/Hot Tub
- Bar
- Barbecue
- Billiard Room
- Child Play Area
- Clubhouse-Clubroom
- Community Room
- Fire Alarm
- Fire Sprinklers
- Guard At Site
- Heated Pool
- Lobby Secured
- Other Membership Available
- Pool
- Sauna
- Secured Garage/Parking
- Security Patrol
In-Unit Features at Five Park
- Dishwasher
- Ice Maker
- Microwave
- Ceramic Floor
- Disposal
- Dryer
- Electric Range
- Ocean View
- Refrigerator
- Built-in Features
- Closet Cabinetry
- Fire Sprinklers
- First Floor Entry
- Lobby
- Open Balcony
- Other Equipment/Appliances
- Other View
- Split Bedroom
- Walk-In Closet(s)
- Washer
Finishes differ from unit to unit; check any feature against the specific listing before relying on it.
Layouts & Floor Plans in Five Park
Unit layouts recorded in Five Park listings, active and recently closed:
| Residence | Size Range | For Sale | For Rent | Sale Pricing | Avg $/SqFt |
|---|---|---|---|---|---|
| 1 Bed / 2 Bath | 731–1,110 sqft | 4 | 2 | $930K – $2.2M | $1,728 |
| 2 Bed / 3 Bath | 1,201–1,516 sqft | 4 | — | $2.5M – $3.5M | $2,252 |
| 3 Bed / 4 Bath | 1,963–2,930 sqft | 3 | 1 | $3.7M – $5.0M | $1,849 |
| 3 Bed / 5 Bath | 2,441–2,615 sqft | — | 1 | — | — |
| 4 Bed / 4 Bath | 2,512–3,186 sqft | 1 | — | $11M | $3,413 |
| 4 Bed / 5 Bath | 2,615–5,441 sqft | 2 | — | $11M – $15M | $2,861 |
| 5 Bed / 7 Bath | 6,060 sqft | — | 1 | — | — |
Compiled from MLS records. Ask for the official plan of a particular line and we will send the developer drawing.
Five Park Listings
Five Park — Units for Sale
Five Park — Units for Lease
Five Park — Sales Under Contract
Five Park — Leases Pending
Five Park — Closed Sales, Past Year
Five Park — Leases Signed, Past Year
$14,900,000
4 bd · 5 ba · 5,441 sqft
500 Alton # 3402.03, Miami Beach, FL 33139
Five Park Miami Beach
$10,875,000
4 bd · 4 ba · 3,186 sqft
500 Alton Rd # 4401, Miami Beach, FL 33139
FIVE PARK MIAMI BEACH
$10,500,000
4 bd · 5 ba · 3,520 sqft
500 Alton Rd # 2318, Miami Beach, FL 33139
Five Park Residences
$4,999,000
3 bd · 4 ba · 2,512 sqft
500 Alton Rd # 2105, Miami Beach, FL 33139
FIVE PARK
$3,999,999
3 bd · 4 ba · 2,178 sqft
500 Alton Rd # 1601, Miami Beach, FL 33139
Five Park
$3,745,000New
3 bd · 4 ba · 2,178 sqft
500 Alton Rd # 1001, Miami Beach, FL 33139
Five Park Miami Beach
$3,450,000
2 bd · 3 ba · 1,434 sqft
501 West Ave # 3404, Miami Beach, FL 33139
Five Park Miami Beach
$3,250,000
2 bd · 3 ba · 1,434 sqft
500 alton rd # 3604, Miami Beach, FL 33139
Five Park
$2,750,000
2 bd · 3 ba · 1,218 sqft
500 Alton Rd # 2402, Miami Beach, FL 33139
Five Park
$2,495,000
2 bd · 3 ba · 1,201 sqft
500 Alton Rd # 1602, Miami Beach, FL 33139
FIVE PARK
$2,200,000
1 bd · 2 ba · 1,110 sqft
500 Alton Rd # 802, Miami Beach, FL 33139
Five Park
$1,650,000
1 bd · 2 ba · 731 sqft
500 Alton Rd # 2108, Miami Beach, FL 33139
FIVE PARK
$1,575,000New
1 bd · 2 ba · 1,000 sqft
500 Alton Rd # 1204, Miami Beach, FL 33139
Five Park
$930,000
1 bd · 2 ba · 846 sqft
500 Alton Rd # 506, Miami Beach, FL 33139
Five Park Miami Beach
Five Park: Twelve-Month Condo Readout
A rolling year of recorded closings and signed leases for Five Park, recalculated as new MLS closings post. Switch the metric or bedroom count below to isolate the part of the building stock you are shopping.
- Closed sales:
- 33
- Median closed:
- $3.7M
- Per sqft:
- $1,777
- Median days to sell:
- 115
- Year over year:
- −22.2%
- Leases signed:
- 15
- Median rent:
- $20,000/mo ($11.20/sqft)
$3.7M
Median (12 mo)
33
Sales (12 mo)
115 days
Median DOM
Last 12 Months by Bedroom Count
| Residence | Sales | Median Sold | Sold $/SqFt | DOM | Leases | Median Rent | Rent $/SqFt |
|---|---|---|---|---|---|---|---|
| 1 Bed | 6 | $1.4M | $1,375 | 82 | 3 | $8,500 | $14.27 |
| 2 Bed | 5 | $2.3M | $1,781 | 161 | 6 | $17,500 | $12.20 |
| 3 Bed | 18 | $4.2M | $1,959 | 115 | 3 | $24,500 | $10.24 |
| 4+ Bed | 4 | $13M | $2,704 | 193 | 3 | $39,000 | $12.24 |
Month-by-month table — All
| Month | Sales | Median Sold | Sold $/SqFt | DOM | Leases | Median Rent | Rent $/SqFt |
|---|---|---|---|---|---|---|---|
| Dec 2025 | 6 | $3.7M | $1,897 | 238 | 3 | $20,000 | $16.42 |
| Jan 2026 | 5 | $4.0M | $1,603 | 107 | 1 | $39,000 | $12.24 |
| Feb 2026 | 2 | $2.7M | $1,781 | 356 | 1 | $30,000 | $10.24 |
| Mar 2026 | 3 | $11M | $2,704 | 117 | 1 | $17,500 | $12.20 |
| Apr 2026 | 1 | $6.0M | $2,031 | 113 | 1 | $7,800 | $7.72 |
| May 2026 | 2 | $3.4M | $1,708 | 229 | 1 | $23,500 | $10.06 |
| Jun 2026 | 4 | $6.2M | $2,108 | 113 | — | — | — |
| Jul 2026 | 3 | $3.1M | $1,446 | 145 | 1 | $21,000 | $8.36 |
| Aug 2026 | 2 | $8.4M | $3,448 | 46 | 3 | $15,000 | $10.34 |
| Sep 2026 | 3 | $1.4M | $1,347 | 119 | 2 | $15,000 | $10.46 |
| Oct 2026 | 2 | $6.3M | $2,150 | 209 | 1 | $45,000 | $17.21 |
| Nov 2026 | — | — | — | — | — | — | — |
Where Five Park Sits
Towers to Compare With Five Park
Comparable South Beach buildings whose current listings overlap the Five Park price band — worth touring side by side:
Questions Buyers Ask About Five Park
Which association documents should I review before buying at Five Park?
Request the current budget, the reserve study, at least a year of board minutes, the rules and regulations, and a written statement of any special assessment that is approved or under discussion. Florida's condo-safety laws now require milestone structural inspections and structural integrity reserve studies for buildings of three or more stories, so ask where Five Park stands on both.
Does Five Park allow pets?
Pet policy is set by the Five Park association and can limit the number, size or type of animals — and a board vote can change it. Get the current rule in writing before you make an offer; we request it as a standard step on every condo purchase we handle.
What leasing rules apply to owners at Five Park?
Minimum lease length, how many times a year a unit may be leased, tenant approval and any waiting period for new owners are association decisions. If you plan to rent the unit out, verify the current policy first; the rental and leased tabs on this page show the lease activity recorded here.
How do view lines and floor height affect value at Five Park?
Inside one tower, price follows the stack: exposure, view corridor, floor height and whether the line is a corner unit all matter. Compare closed prices by bedroom count in the market report, then ask us which lines in Five Park face which direction before you build a shortlist.
Does a unit at Five Park come with parking?
Parking arrangements differ by building and sometimes by unit — assigned spaces, valet, or spaces conveyed as limited common elements. Confirm how many spaces transfer with the specific residence and whether guest parking or storage costs extra.
How does Gromadzki Real Estate price a unit in Five Park?
Building first: closings in the same line and bedroom count, then nearby floors, then comparable towers in South Beach. The association's health — reserves, assessments and insurance — gets equal weight, because it shapes the monthly cost of ownership as much as the purchase price does.
How old is Five Park?
Five Park dates to 2024 (48 stories); the architect is Arquitectonica.
What is the street address of Five Park?
The building's address is 500 Alton Rd, Miami Beach, FL 33139 — part of South Beach. The map lower on this page pins its exact location.
Five Park: Building Notes
Building file: Five Park, South Beach, Miami Beach, Florida 33139 (Miami-Dade County). Credits — architect Arquitectonica; delivered 2024. Before any offer here we pull the association's current budget, reserve funding, recent board minutes, any approved or proposed special assessment and the building's milestone-inspection status, then price the unit against closings in its own line before looking at neighboring towers. Buyers weighing Five Park usually tour Portofino Tower, Continuum South and The Setai as well. To see a specific unit or ask which lines face which direction, call Matthew Gromadzki at +1 786-370-8570.