ActivePhoto 1 of 40
500 Alton Rd # 2402, Miami Beach FL 33139
About this home
Experience the pinnacle of waterfront luxury at Five Park Miami Beach, the newest icon in Miami Beach. Be the first to live in this exceptional 2BR, 2.5BA residence spanning approximately 1400 SF. This unit is uniquely equipped with a custom kitchen island with quartzite waterfall that none of the other 02 line units have. The unit has easy-to-maintain wood-pattern porcelain flooring in the interior and exterior-grade tile on the balcony. Enjoy breathtaking sunrise & ocean views from floor-to-ceiling glass windows. The elegant interior boasts Gaggenau appliances and quartzite countertops, blending sophistication with comfort. Five Park delivers an unmatched lifestyle with a full-service beach club, in-residence dining, resident-only on-site restaurant curated by James Beard Award-winning Chef Michelle Bernstein, two lavish pools, hot tub, state of the art spa, fitness center, butler service, two house cars, and more. Walk across the soon-to-be-completed Canopy bridge by renowned French conceptual artist Daniel Buren and step directly into South of Fifth's shops, restaurants, and a marina to dock your boat or be picked up for a charter. Nestled beside Canopy Park—a lush 3-acre retreat—this pet-friendly residence seamlessly fuses nature and luxury for the ultimate Miami Beach sanctuary. Owner may lease for minimum of 6 months 2x per year. Unit is pre-wired for automated window treatments with shade pockets already installed. New owner to customize closets post-closing.
Features
- Lobby
- Cooking Island
- Fire Sprinklers
- Split Bedroom
- Walk-In Closet(s)
- Family Room
- Open Balcony
- Bay
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $14,588
- HOA
- $3,236 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.