All listings
Active
Active1 / 40
Photo 1 of 40
Waterfront · Condominium
$3,745,000$1,719 / sqft
500 Alton Rd # 1001, Miami Beach FL 33139
Listed
3
Bedrooms
4
Bathrooms
2,178 sqft
Interior
2024
Year built
$5,251 / mo
HOA
Condominium
Type
About this home
Spacious and light-filled corner 3 bedroom, 3.5 bathroom residence with 10 ft ceilings at Five Park - the newest luxury residential tower in Miami Beach. Offering 2,178 sq ft of interior space, complemented by 900+ sq ft of wraparound terrace, the residence enjoys beautiful sunrise and sunset views over South of Fifth, the Ocean and the Bay. The open living space features three walls of windows, and a white oak Italian kitchen with quartzite countertops and Gaggenau appliances. The primary suite offers a generous walk-in closet and a marble bathroom with separate tub and shower. The residence is outfitted with custom ripple fold sheer curtains throughout, and electric blackouts and California Closets in the bedrooms. Five Park offers a full suite of luxury amenities, including a private beach club accessible via house car, two pools, a state-of-the-art gym and spa, on-site restaurant and more. Ideally located at the gateway to South of Fifth (SoFi), residents are moments away from restaurants, beach, parks, gyms and everything that makes this one of Miami Beach's most desirable neighborhoods. Completed in November 2024, Five Park offers the rare opportunity to live in a brand new building in a most sought-after location.
Features
- Entrance Foyer
- Other
- Open Balcony
- Bay
- Pool Area View
- Water View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 3-bed rentals in Miami Beach, from 97 active listings; the middle half ask $9,900–$39,500.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.