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Waterfront · Condominium
$14,900,000$2,738 / sqft
500 Alton, Miami Beach FL 33139
Listed
4
Bedrooms
5
Bathrooms
5,441 sqft
Interior
2025
Year built
$14,040 / mo
HOA
Condominium
Type
About this home
Brand-new developer COMBO UNIT — truly one-of-a-kind — featuring 4 bedrooms + media room at the Canopy Residences in Five Park Miami Beach, professionally staged by Artefacto. Enjoy resort-style living with 50,000+ sq ft of amenities including the exclusive Canopy Club with owners lounge, a 6th-floor terrace with adult and family pools, cabanas, sunset lounge and restaurant. Residents also have access to a private Beach Club in South of Fifth with umbrella and towel service, plus the 3-acre Canopy Park. Additional amenities include a fully equipped gym and yoga studio, spa with treatment rooms and sauna, business lounge/co-working spaces, screening room, children’s learning lab and teen club. Services feature 24-hr concierge and butler, valet, bike storage, EV Moke shuttle to the beach, and high-speed fiber-optic internet.
Features
- Entrance Foyer
- Pantry
- Walk-In Closet(s)
- Ocean View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- No Daily Rentals
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
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 4-bed rentals in Miami Beach, from 12 active listings; the middle half ask $45,000–$60,000.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.