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Five Park

500 Alton Rd, Miami Beach, FL, 33139
Market data compiled by Andres Jara, Licensed Real Estate Broker · Douglas Elliman · Data updated November 8, 2026
226
RESIDENCES
49
STORIES
2024
YEAR BUILT
$930K – $23.5M+
VALUE RANGE

Five Park is a luxury condominium tower at 500 Alton Road in Miami Beach, completed in 2024-2025 at the gateway between South Beach and the MacArthur Causeway. Rising about 48 stories and 518 feet, it is the tallest tower in Miami Beach. The project was co-developed by Terra and GFO Investments, designed by Arquitectonica, with interiors by Gabellini Sheppard and a 3-acre public Canopy Park at its base.

The building holds 226 residences offered in two collections (Park Residences and Canopy Residences), with two- to five-bedroom layouts ranging from roughly 1,434 to 6,000 interior square feet. Amenities are anchored by the Level 26 Canopy Club, a private beach club reached via electric Moke, and extensive family- and wellness-focused facilities.

Available Residences at Five Park

6+ Bedroom Condos · 1 unit

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
4501$23,500,0006 / 8 / 16,000$3,91757

4 Bedroom Condos · 3 units

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
3402$14,900,0004 / 5 / 15,441$2,738279
4401$10,875,0004 / 4 / 13,186$3,41377
2318$9,950,0004 / 53,520$2,82762

3 Bedroom Condos · 3 units

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
2105$4,999,0003 / 4 / 12,512$1,99034
3605$4,695,0003 / 4 / 11,969$2,38453
1001$3,745,0003 / 4 / 12,178$1,7190

2 Bedroom Condos · 4 units

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
3404$3,450,0002 / 3 / 11,434$2,40649
3604$3,250,0002 / 3 / 11,434$2,266440
2402$2,750,0002 / 3 / 11,218$2,258188
1602$2,495,0002 / 3 / 11,201$2,077275

1 Bedroom Condos · 5 units

UnitAsking PriceBed(s)/Bath(s)Living SizePrice/Sq.Ft.Days on Market
802$2,200,0001 / 2 / 11,110$1,98217
2108$1,650,0001 / 2 / 1731$2,257133
1204$1,575,0001 / 2 / 11,000$1,5751
506$930,0001 / 2846$1,0999
502$908,1601 / 2883$1,028120
Neighborhood
South Beach

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ANALYTICS

All analytics are based on closed sales from the last 36 months.

CURRENT INVENTORY

14
Active Listings
▼ 4% vs last month
Avg List Price
$6.2M
Avg Days on Market
125

INVENTORY BY BEDROOM

  • 1 Bed (4) 29%
  • 2 Bed (4) 29%
  • 3 Bed (2) 14%
  • 4 Bed (3) 21%
  • 5+ Bed (1) 7%
Building vs. Market
110% premium to Miami Beach
Commands a 110% premium to the Miami Beach average ($1,876 vs $894/sqft) — a sign of stronger relative demand.

INVENTORY TREND (ALL UNITS)

272013Dec '25Apr '26Aug '26
7
New Listings
last 3 months
$1,876
Avg Sale $/SqFt
last 36 months
6.2
Months of Supply
27
Sold
last 12 months

Market & Community Report

As of November 8, 2026, Five Park carries 14 active listings at an average asking price of $6.2M, with an average time on market of 125 days. Closed sales over the preceding 36 months averaged $1,876 per sq ft, and 27 transactions closed in the past 12 months — implying 6.2 months of supply against the current pace of absorption.

Zip code 33139 (Miami Beach) is home to 34,406 residents with a median age of 42.1. Per-capita income stands at $88,782; 55.4% hold a bachelor's degree or higher. 33.9% of units are owner-occupied; 26.7% of residents work from home.

Data current as of November 8, 2026. Market metrics derived from MLS closed sales; community data from U.S. Census ACS.

Frequently Asked Questions — Five Park

How many condos are for sale at Five Park?

As of November 8, 2026, 14 residences are actively listed for sale at Five Park. Current asking prices range from $930K to $23.5M. Inventory updates daily from the MLS.

How much do condos at Five Park cost?

Condos at Five Park are currently asking from $930K to $23.5M. Over the past 36 months, closed sales have averaged $1,876 per square foot. Final pricing varies by floor, line, square footage, finishes, and view.

What is the average price per square foot at Five Park?

Based on MLS closed sales over the preceding 36 months, the average sale price at Five Park is $1,876 per square foot. Use this as a benchmark when comparing active listings in the building.

Where is Five Park located?

Five Park is located at 500 Alton Rd, Miami Beach, FL, 33139, in the South Beach area.

What neighborhood is Five Park in?

Five Park is in South Beach, Miami Beach. You can compare every condo building, home inventory, and price trend across South Beach on its neighborhood guide.

How many units are in Five Park?

Five Park has 226 residences across 49 stories.

What year was Five Park built?

Five Park was completed in 2024.

What floor plans are available at Five Park?

Five Park has 1 published floor plan, spanning 1-bedroom layouts. See the Floor Plans tab above for unit lines, dimensions, and layouts.

What amenities does Five Park offer?

Five Park amenities include Canopy Club on Level 26 (sky lounge, bar, dining room, wellness lounge), Private beach club with chairs, umbrellas and towel service, Beach club transportation via electric Moke, Resident pool with bar and cafe, Spa with treatment rooms, saunas and hammams, Fully outfitted gym, 24/7 concierge and butler service, Co-working area with private offices and board rooms.

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