Residence 02 at Five Park Miami Beach: 1 Bed, 2 Baths, 1,056 sqft. Unit 502. Discover elevated coastal living in this spacious new construction residence within Miami Beach’s iconic 48-story tower. Thoughtfully designed with refined finishes, 10 ft ceilings, and top-of-the-line appliances, this home offers luxury, comfort, and access to FIVE PARK’s world-class amenities, including a FULL SERVICE BEACH CLUB in South of Fifth.
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 Rd #502 · $908,160
DAYS ON MARKET
119 days
The average home goes pending in 113 days.
SALE-TO-LIST
94.1%
Most homes are selling 6% below list price.
LIST PRICE
$908,160
Median sale price in this area is $376,256. (59% lower than this home)
PRICE DROP
0 price drops
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
Built-in features
Entrance foyer
Elevator
Walk-in closets
Bedroom on main level
Bedrooms
Bedroom located on the main level
Bathrooms
2 full bathrooms
Kitchen
Dishwasher
Icemaker
Microwave
Refrigerator
Self-cleaning oven
Laundry & utility
Washer
Dryer
Flooring
Ceramic tile
Tile
Heating & cooling
Central heating
Central air conditioning
Exterior features
Courtyard
Security/high-impact doors
Bayfront and oceanfront waterfront
Heated association pool
Home design
Condo in a high-rise building (48 stories)
New construction
Attached property
Entry located on level 5
Parking
2-car garage
Covered parking
Two or more spaces
Valet parking available
Security
Doorman
Secured elevator
Fire alarm
Construction
Block construction
Utilities
Water service
Sewer service
Power: Central
HOA & community
Monthly association fee
Association fee includes amenities, common areas, cable TV, structure maintenance, pest control, sewer, security, trash, and water
Association amenities include beach rights, billiard room, bike storage, business center, clubhouse, fitness center, playground, pool, spa/hot tub, and elevators
Financial info
Pets allowed with possible restrictions
Electricity and solar
View estimated energy costs and solar savings for this home
Experience contemporary Miami Beach living at Five Park Residences in this newly constructed fifth-floor condominium. Unit 502 offers 1,056 square feet of thoughtfully designed interior space, featuring one spacious bedroom and two full bathrooms for exceptional comfort and flexibility. Completed in 2024, this refined residence combines modern design, generous proportions, and a prime location at Alton Road, placing residents close to Miami Beach's renowned dining, shopping, entertainment, and waterfront destinations.
Year
Property tax
Land + Additions
Assessment*
2025
$13,076
$697,000
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
—
Year renovated
2025
Finished Sq. Ft.
883
Unfinished Sq. Ft.
—
Total Sq. Ft.
883
Year built
2025
Style
Condo/Co-op
County
Miami-Dade County
APN
0242040150190
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
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66
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69
80
74
86
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81
90
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88
80
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 Rd #502
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $550,000 and $1,375,000.
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $550K to $1.4M.