Never-lived-in, spacious 3 bedroom, 4 bathroom residence with 10 ft ceilings at Five Park - the newest luxury residential tower in Miami Beach. 2,335 sq ft of interior space, complemented by oversized balconies. Beautiful sunset views. Large walk in closet in primary bedroom, white oak Italian kitchen with quartzite countertops and Gaggenau appliances, marble primary bathroom with tub and separate shower, laundry room. Five Park is a full service luxury building, offering its residents all amenities including private beach club via house car, 2 pools, gym, spa, on-site restaurant and more. Most sought-after location in Miami due to proximity to restaurants, beach, parks, gyms etc. New building, opened in November 2024.
Flamingo-Lummus, located between Biscayne Bay and the Atlantic Ocean, is a historic and walkable Miami Beach neighborhood with an Art Deco streetscape and a beach-forward rhythm. The neighborhood’s character concentrates along Ocean Drive at 10th Street, where sidewalk cafes, boutique hotels, and neon-lit facades set an always-in-motion promenade. Lummus Park frames the shoreline with palms, volleyball courts, and the Ocean Drive pedestrian path. Architectural gems line Collins Avenue and Washington Avenue, mixing pastel Deco hotels with mid-century apartment buildings. The Wolfsonian–FIU anchors the cultural calendar with design-focused exhibitions. Mac’s Club Deuce and Mango’s Tropical Cafe keep the nightlife soundtrack distinctly South Beach.
Welcome to Five Park, the new luxury tower in Miami Beach developed by Terra Group and GFO Investments. Five Park unites timeless glamour with a modern, multidisciplinary approach to development. In addition to coastal surroundings, an ever-blue bay, and a carefully curated ecological park, Five Park hosts amenities that underscore the importance of living well, including a fully serviced beach club in South of Fifth. The new gateway bridge designed by Daniel Buren easily connects residents to the Miami Beach marina and the boardwalk. On-site workspaces, thoughtfully conceived fitness areas, pools with sweeping views of Florida's coastline, and residences that accommodate every need invite you to embrace the transformative nature of Five Park.
237 S Dixie Hwy, 4th Fl Suite 465, Coral Gables, FL 33133, Coral Gables, FL 33139
Mon-Sun 7am-10pm
Market insights
500 Alton #2203 · $4,290,000
DAYS ON MARKET
243 days
The average home goes pending in 113 days.
SALE-TO-LIST
94.1%
Most homes are selling 6% below list price.
LIST PRICE
$4,290,000
Median sale price in this area is $376,256. (91% lower than this home)
PRICE DROP
1 price drop
14% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Entrance foyer
Bar
Bedroom on main level
Bedrooms
Bedroom on main level
Bathrooms
4 full bathrooms
Kitchen
Built-in oven
Electric range
Microwave
Refrigerator
Icemaker
Dishwasher
Laundry & utility
Washer
Dryer
Flooring
Marble
Tile
Heating & cooling
Central heating (electric)
Central air conditioning
Exterior features
Balcony
Open balcony/patio
Association pool
Has view
Security/high-impact doors
Home design
Condominium (attached property)
New construction
48-story building
Entry located on level 22
Under construction
Parking
2-car garage
Two or more parking spaces (2 covered)
Security
Doorman
Secured elevator
Fire alarm
Smoke detectors
Construction
New construction
Utilities
Cable available
HOA & community
Monthly association fee
Association fee includes amenities
Community amenities: Bike storage, Business center, Cabana, Clubhouse, Elevator(s), Fitness center, Library, Playground, Pool, Sauna, Spa/Hot Tub, Trash
Financial info
Pets allowed (conditional)
Other
Association-managed amenities
Electricity and solar
View estimated energy costs and solar savings for this home
Soar above the skyline in this breathtaking 22nd-floor residence, where panoramic vistas of the turquoise ocean and shimmering city lights take center stage. This 3-bedroom, 4-bathroom masterpiece offers 2,335 square feet of curated luxury, designed for those who demand the very best in privacy and style. Every detail, from the chef-inspired kitchen to the spa-like primary suite, has been crafted to provide an oasis of calm amidst the excitement of Miami Beach. With the beach just steps away and the city at your feet, this is the definitive expression of high-altitude coastal living.
Year
Property tax
Land + Additions
Assessment*
2025
$72,422
$3,860,412
Public record
Public record
Zoning
Beds
3
Baths
4
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
2025
Finished Sq. Ft.
1,994
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,994
Year built
2025
Style
Condo/Co-op
County
Miami-Dade County
APN
0242040150470
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 19, 2026.
CPS-2
General Mixed-Use Commercial District
The commercial performance standards districts are designed to accommodate a range of business, commercial, office and hotel uses, as well as medium to high density residential development pursuant to performance standards which control the permissible type, density or intensity, and mix of development. Performance standards development will allow for modification of requirements affecting certain individual lots; greater flexibility, particularly for large-scale development; large commercial, medium to high density residential and mixed use developments in phases over time where the overall development at a single point in time or in a single instance by private owners would not be practical; providing incentives for provision of certain amenities and for conformance with specified objectives, thereby encouraging more flexible and innovative design and development in accordance with the goals and objectives of the comprehensive plan and the redevelopment plan.
Permitted uses
Include but are not limited to:
Religious facility
Commercial & retail
Housing-Single unit
Housing-Multiple units
Historical weather
Miami Beach, FL • 33139
Average low and high temperatures (°F)
74
62
75
66
79
69
80
74
86
78
87
80
89
81
90
80
87
78
84
77
80
72
77
69
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Miami Beach. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 500 Alton #2203
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $1,375,000 and $6,750,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.4M to $6.8M.