Read the full record 4 paragraphs and 16 facts, every figure from the MLS and county record
Five Park is a 48-story tower at 500 Alton Rd in South Beach, completed in 2024. The Miami-Dade Property Appraiser lists 132 residential units, averaging 1,376 SF of living area. It was developed by Terra and designed by Arquitectonica. Interiors are by Gabellini Sheppard Associates. The condo archive records it as waterfront (no / across water). No South Beach building in the atlas has more recorded floors. No South Beach building in the atlas has a later completion year. It is one of two buildings recorded under the Five Park name.
On November 2, 2026, 14 units were listed for sale, asking $930K to $24M (median ask $2,167/SF across 14 listings). Two more were under contract. 27 sales closed between November 2, 2025 and November 2, 2026, from $990K to $6.8M, a median $1,607/SF (over the 25 with a recorded size), after a median 117 days on the market. In the 12 months before that, 22 sales closed at a median $2,210/SF, so the median fell 27%. The MLS holds 49 closed sales here going back to 2024; among years with three or more sales, 2025 set the high at a median $1,980/SF. That 12-month median ranks 11th of the 83 South Beach buildings with at least three sales in the same window. Three-bedroom-plus units made up 28 of the 49 sales in the last 24 months, at a median $5,549,955.
Five units were offered for rent at $7,500 to $125,000 a month. 36 leases were signed over the same 12 months, at a median $13,388 a month (range $7,000 to $55,000).
About 51% of the residences are owner-occupied according to county records. Association rules on file: pets yes (owners & tenants); no short-term rentals; minimum lease 6 months; up to two leases a year. The association is managed by KW Property Management & Consulting. I have two of its association documents on file, including the Amendments to the Declaration and the Declaration of Condominium.
Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records and my condo archive. Blanks mean the record doesn't state it; nothing here is estimated.
The record
- Address
- 500 Alton Rd, Miami Beach 33139
- Neighborhood
- South Beach
- Developer
- Terra
- Architect
- Arquitectonica
- Interior design
- Gabellini Sheppard Associates
- Management
- KW Property Management & Consulting
- Front desk / mgmt
- (786) 289-8671 Ext 100
- Year built
- 2024
- Floors
- 48
- Residences (county-verified)
- 132
- Owner-occupied
- 51% of residences
- Avg. unit size
- 1,376 sq ft
- Total living area
- 181,571 sq ft
- County condo folios
- 132
- Waterfront
- No / Across Water
- Recorded MLS listings
- 123