NEW CONSTRUCTION

For sale

$1,026,800

Est. $7,563/mo —

•

1,208

sq ft

500 Alton Rd #501, Miami Beach, FL 33139

Five Park Residences built by MILLION Luxury

About this home

Discover refined Miami Beach living at Five Park Residences. This newly constructed fifth-floor condominium offers 1,208 square feet of thoughtfully designed interior space, featuring one spacious bedroom, and two full bathrooms. Completed in 2024, the residence combines modern comfort, generous proportions, and a prime address in the heart of Miami Beach, with convenient access to dining, shopping, entertainment, and the waterfront.

CondoProperty Type

2026Year Built

$850Price/Sq.Ft.

1 car garageParking

Provided by Zillow

Source:Zillow #EB821D82A145

Payment calculator

$7,563 per month

Principal and interest$5,604

Property taxes

$1,326

HOA dues

Home insurance

$633

Utilities

Add

5 minutes to get started. No credit impact.

Discover your buying power

Find out if this home is within budget

Down payment assistance

View down payment assistance programs for this home

Around this home

Schools

K - 12
Preschool & daycare

South Pointe Elementary School

Public PreK-5 • Assigned • 0.2mi

9/10

Nautilus Middle School

Public 6-8 • Assigned • 2.8mi

5/10

Miami Beach Senior High School

Public 9-12 • Assigned • 1.7mi

5/10

Provided by GreatSchools

About

Flamingo-Lummus

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.

Provided by Walk Score and Local Logic

All new homes in Five Park Residences

Available homes (3)

NEW CONSTRUCTION

$14,900,000

4 beds4.5 baths5,441 sq ft

500 Alton Unit 3402.03, Miami Beach, FL 33139

PENDING

$908,160

1 bed2 baths883 sq ft

500 Alton Rd #502, Miami Beach, FL 33139

Ready-to-build homes (3)

All (3)
1 Bed (1)
3 Bed (1)
4 Bed (1)

1 Bedroom Plan, Miami Beach, FL 33139

$908,160+

1 bed1.5 baths878 sq ft

3 Bedrooms Plan, Miami Beach, FL 33139

$3,600,000+

3 beds3.5 baths1,969 sq ft

4 Bedrooms Plan, Miami Beach, FL 33139

$16,000,000+

4 beds4.5 baths3,186 sq ft

Experience Five Park Residences

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.

Explore the community Visit Five Park Residences website

Sales office

237 S Dixie Hwy, 4th Fl Suite 465, Coral Gables, FL 33133, Coral Gables, FL 33139

Mon-Sun 7am-10pm

Market insights

500 Alton Rd #501 · $1,026,800

DAYS ON MARKET

The average home goes pending in 113 days.

SALE-TO-LIST

Most homes are selling 6% below list price.

LIST PRICE

Median sale price in this area is $376,256. (63% lower than this home)

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
Refrigerator

Bedrooms
1 bedroom

Bathrooms
2 full bathrooms
1 half bathroom

Public record

Public record
Zoning

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)

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 Rd #501

$979,807

$47K under list price of $1.03M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $650K to $3.0M.

SOLD SEP 1, 2026
$1,360,000 Last sold price
1 bed1.5 baths1,010 sq ft
500 Alton Rd #1906, Miami Beach, FL 33139
$497/sq ft
1 year older
SOLD AUG 17, 2026
$985,000 Last sold price
2 beds2 baths1,078 sq ft
650 West Ave #2109, Miami Beach, FL 33139
$64/sq ft
29 years older
SOLD AUG 18, 2026
$650,000 Last sold price
2 beds2 baths1,078 sq ft
650 West Ave #704, Miami Beach, FL 33139
$247/sq ft
29 years older
SOLD SEP 8, 2026
$1,295,000 Last sold price
3 beds2 baths1,234 sq ft
650 West Ave #2907, Miami Beach, FL 33139
$199/sq ft
29 years older
SOLD DEC 1, 2025
$1,350,000 Last sold price
1 bed1.5 baths875 sq ft
500 Alton Rd #1904, Miami Beach, FL 33139
$693/sq ft
1 year older
SOLD AUG 4, 2026
$3,000,000 Last sold price
2 beds2.5 baths1,434 sq ft
500 Alton Rd #2904, Miami Beach, FL 33139
$1242/sq ft
1 year older

Rental earnings

Est. $3,624 per month, based on comparable rentals

Are you a builder?

Learn how to advertise your homes on Redfin

Tour for free, no strings attached

Make a winning offer with the help of a local agent

Ask a question