Residence 506 at Five Park Miami Beach offers a fully furnished, turnkey opportunity in one of Miami Beach’s newest luxury developments. This 1-bedroom, 2-bath residence spans 950 SF and features refined finishes, 10-foot ceilings, top-of-the-line appliances, and thoughtfully selected furnishings. Five Park offers an extensive collection of resort-style amenities and services, including its exclusive full-service beach club in South of Fifth. The prime Miami Beach location provides easy access to the beach, South of Fifth, top dining, shopping, and nearby parks, combining the convenience of a move-in-ready residence with the lifestyle and amenities of a newly completed 48-story luxury tower.
CondoProperty Type
2025Year Built
$1,099Price/Sq.Ft.
$2,235/moHOA Dues
1 car garageParking
Listed by Samantha Elenson• One Sotheby's International Realty
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
Offer insights
500 Alton Rd #506 · $930,000
$930K and above
75% chance or better to win
Why $930K+ is a strong offer
DAYS ON MARKET
24 days
The average home goes pending in 116 days.
SALE-TO-LIST
94.5%
Most homes are selling 6% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Furnished
Entrance foyer
First floor entry
Bedroom on main level
Ceramic tile flooring
Bedrooms
Bedroom on main level
Bathrooms
2 full bathrooms
Kitchen
Dishwasher
Microwave
Refrigerator
Self-cleaning oven
Laundry & utility
Washer
Dryer
Flooring
Ceramic tile
Heating & cooling
Central heating
Central air conditioning
Exterior features
Security/high impact doors
Heated pool
Home design
Condominium (property attached)
New construction
48-story building
Entry located on level 5
Parking
Attached garage (1 space)
Covered parking (1 space)
Security
Doorman
Elevator secured
Fire alarm
Fire sprinkler system
Construction
Block construction
Utilities
Cable available
HOA & community
Monthly association fee
Association fee covers amenities, common areas, cable TV, maintenance of structure, pest control, sewer, security, trash, water
Building amenities include billiard room, bike storage, business center, clubhouse, fitness center, playground, pool, spa/hot tub, elevators
Financial info
Pets allowed (conditional)
Electricity and solar
View estimated energy costs and solar savings for this home
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)
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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 #506
$890,223
$40K under list price of $930K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $500K to $950K.