501 W Ave · Miami Beach, FL 33139 · South Beach

Five Park

48-story tower, completed 2024, 94 residences in South Beach. 1 for sale and 2 for rent on Nov 2, 2026.

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At a glance Five Park (501 W Ave, South Beach) is a 48-story, 94-unit building completed in 2024. As of Nov 2, 2026, 1 unit is for sale and 2 are for rent; the median closed price was $2,427 per square foot over 6 sales in the last 12 months. FEMA flood zone AE. Source: Miami Assoc. of REALTORS® MLS via Bridge IDX, Miami-Dade Property Appraiser records and the FEMA flood map.

Photo · MLS listing in this building

For sale
1
For rent
2
Median $/SF
$2,4276 sales · 12 mo
Sold
6last 12 months
Built
2024
Floors
48
Residences
94county
Flood zone
AEFEMA
Owner-occupied
44%
Avg. unit
2,553sq ft

MLS via Bridge IDX · as of Nov 2, 2026 · How these numbers are made

On the market at Five Park.

The weekly MLS snapshot, newest asks first. Each unit opens its full listing: photos, taxes, history. Or check the live feed for today's inventory.

Snapshot as of Nov 2, 2026.

Listings matched to this building's recorded addresses. I don't have to be the listing agent to show you any unit or to negotiate for you. Search condos in 33139

The read on Five Park.

Activity as of Nov 2, 2026
  • Sells in a median 108 days. Days on market across the 6 sales closed in the last 12 months.
  • An owners' building. Sales outnumbered leases 6 to 1 over the last 12 months (6 sales, 1 leases).
Read the full record 4 paragraphs and 10 facts, every figure from the MLS and county record

Five Park rises 48 floors at 501 W Ave in South Beach and was completed in 2024. The Miami-Dade Property Appraiser lists 94 residential units, averaging 2,553 SF of living area. 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, one unit was listed for sale, asking $3.5M (that is $2,406/SF). Six sales closed between November 2, 2025 and November 2, 2026, from $4.2M to $19M, a median $2,427/SF, after a median 108 days on the market. The year before saw two closed sales. That 12-month median ranks 7th of the 83 South Beach buildings with at least three sales in the same window.

Two units were offered for rent at $19,000 to $55,000 a month. One lease was signed over the same 12 months, at $20,000 a month. Sales outnumbered leases 6 to 1 over that year.

About 44% of the residences are owner-occupied according to county records.

Sources: Miami Assoc. of REALTORS® MLS via Bridge IDX (activity as of November 2, 2026), Miami-Dade Property Appraiser records. Blanks mean the record doesn't state it; nothing here is estimated.

The record

Address
501 W Ave, Miami Beach 33139
Neighborhood
South Beach
Year built
2024
Floors
48
Residences (county-verified)
94
Owner-occupied
44% of residences
Avg. unit size
2,553 sq ft
Total living area
239,987 sq ft
County condo folios
94
Recorded MLS listings
11

The numbers at Five Park.

Every sale and lease the MLS has recorded at this address, sales first.

MLS via Bridge IDX · as of Nov 2, 2026

Median $/SF by year closed

Every recorded sale at this address, 2025 to 2026. Count in the tooltip.

Year by year, every recorded closing
YearSalesMedian $/SFLeasesMedian rent
2026 (to date)6$2,427––
20252$2,064*2$30,000/mo*

* Fewer than three closings that year: the figure is the closing itself or the average of two, too few for a median.

Show all closings 8 sales · 2 leases on record since 2025

Closed sales Nov 2, 2024 to Nov 2, 2026 · 8

UnitBDBASFAskedClosed$/SFClose dateDOM
410233.52,930$6,799,000$6,300,000$2,150Oct 23, 2026103
430334.52,451$8,450,000$8,450,000$3,448Aug 24, 20263
340533.51,969$4,500,000$4,150,000$2,108Jun 2, 2026113
3903/390444.54,049$12,500,000$10,950,000$2,704Mar 23, 202650
4201/05456,777$14,000,000$12,950,000$1,911Mar 13, 2026335
PH470156.56,060$21,000,000$18,500,000$3,053Jan 30, 2026193
360144.53,186$7,500,000$6,650,000$2,087Jun 30, 202551
290134.53,186$6,950,000$6,500,000$2,040Jun 17, 202578

Leases signed Nov 2, 2025 to Nov 2, 2026 · 1

UnitBDBASFAsked/moLeased/mo$/SF/moLease dateDOM
410422.51,218$20,000/mo$20,000/mo$16.42Dec 15, 202545

Data: Miami Assoc. of REALTORS® MLS via Bridge IDX, as of Nov 2, 2026. Listings matched to this building's recorded addresses; pending includes under-contract. Closed listings shown as records only, no photos. Blanks mean the record doesn't state it. How these numbers are made

The file on Five Park.

The rules on record, the documents in my files, the two Florida checks every buyer should run, and the buildings around it. Each card opens.

FEMA flood zone

AE

Inside FEMA's Special Flood Hazard Area. A federally backed mortgage requires flood insurance here.

What the zone means
  • The 1% annual chance ("100-year") flood area, with a base flood elevation set.
  • Base flood elevation 8 ft (NGVD29).
  • The zone is a map line, not a premium. Ask the association for its master flood policy, and get a flood quote for the specific unit before you commit.

FEMA National Flood Hazard Layer, checked at the building's mapped location on Oct 12, 2026. Open the official map ↗

Milestone structural inspection

Due 2054

Due by statute by December 31, 2054, 30 years after 2024, then every 10 years.

What the deadline means
  • Miami-Dade sets 25 years for condo buildings within three miles of the coastline, which would be December 31, 2049.
  • Based on year built 2024 (county record). The statute counts from the certificate of occupancy date, which can differ.
  • The association must give every owner the inspector's summary. Ask for it, and for the structural integrity reserve study, before you commit.

Fla. Stat. § 553.899(3) ↗ and Miami-Dade recertification ↗, read Oct 9, 2026. What the deadline means for buyers

Nearby

Around Five Park

5 more nearby

Smaller buildings close by: The 1120 on 7th St (230 m) · Lenox on the Beach (290 m) · 600 Michigan (290 m) · Harmony Villa (310 m) · Studio 744 (330 m) · Miami Beach Townhouses (360 m)

Compare with the two nearest →Every South Beach building →Distances are straight-line. Building data from Miami Assoc. of REALTORS® MLS records via Bridge IDX.

Own here, or looking here

Owners: tell me your unit and I'll prepare its value myself. Buyers and renters: I'll tell you when a unit here lists or sells. Either way it starts a conversation with me, not a mailing list.

Own here?

Get your unit's value

Tell me your unit and I'll prepare its value myself, from Five Park's closed sales and what is listed now. Then we talk it through.

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Thinking about

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Looking here?

Get alerts when a unit lists or sells

When a unit at Five Park lists or sells, I'll let you know. I send these myself, not a robot.

Phone or email. One is enough.

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Enrique Ponte Ojeda on a balcony overlooking the water in Miami
I read the building before you buy or sell a unit in it.Closed history, the association's rules, what is really for sale and what it should trade at. Then we talk.
Enrique Ponte Ojeda
Licensed Florida Real Estate Agent · Carmona Realty Group

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