$3,745,000

500 Alton Rd #1001, Miami Beach, FL 33139

Bedrooms
3
Baths
4
Living area
2,178 ft²
Price per ft²
$1,719 / ft²
Type
Condo
Year built
2024
HOA
$5,251 / mo HOA
On market
4 days on market
MLS #
A12096470

Spacious and light-filled corner 3 bedroom, 3.5 bathroom residence with 10 ft ceilings at Five Park - the newest luxury residential tower in Miami Beach. Offering 2,178 sq ft of interior space, complemented by 900+ sq ft of wraparound terrace, the residence enjoys beautiful sunrise and sunset views over South of Fifth, the Ocean and the Bay. The open living space features three walls of windows, and a white oak Italian kitchen with quartzite countertops and Gaggenau appliances. The primary suite offers a generous walk-in closet and a marble bathroom with separate tub and shower. The residence is outfitted with custom ripple fold sheer curtains throughout, and electric blackouts and California Closets in the bedrooms. Five Park offers a full suite of luxury amenities, including a private beach club accessible via house car, two pools, a state-of-the-art gym and spa, on-site restaurant and more. Ideally located at the gateway to South of Fifth (SoFi), residents are moments away from restaurants, beach, parks, gyms and everything that makes this one of Miami Beach's most desirable neighborhoods. Completed in November 2024, Five Park offers the rare opportunity to live in a brand new building in a most sought-after location.

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Price per square footThe asking price per ft² on this listing is $1,719. The median for recorded sales in the same ZIP codes is $607/ft² — putting it 183% above the median.
  • Position in the area’s price distributionThe asking price is $3,745,000; the median of recorded sales in the area is $590,000 (2,277 sales). On raw price that is 535% above the median — this line does NOT adjust for property type or size.
  • HOA fee as a share of priceAn HOA fee of $5,251 per month comes to $63,012 a year — 1.7% of the asking price. That amount is deducted from rental yield.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33139, 33140, 33141 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$1,123,500
Term

7.03% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 24, 2026.

Estimated monthly payment$17,494
Loan amount
$2,621,500
Total interest over the term
$3,676,252
Total repaid
$6,297,752

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Douglas Elliman

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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