Five Park is the tallest residential tower on Miami Beach, rising 48 stories at the gateway to South Beach with its own three-acre park at the base. New construction, move-in ready, and unlike almost anything else on the beach. Here is what to know.
What is Five Park Miami Beach?
Located at 500 Alton Road, Five Park was developed by Terra and GFO, designed by Arquitectonica with interiors by Gabellini Sheppard. It overlooks a new three-acre Canopy Park and is linked to the sand by an artwork bridge by Daniel Buren, completed in 2024 with 226 residences. See the full overview on my Five Park page.
Prices and floor plans
Floor plans run from efficient Park Residences to combined-floor penthouses. Current guidance:
- Park Residences: from $1.2M, efficient layouts over the three-acre Canopy Park.
- Two to four bedroom: from $5.8M, wide bayfront residences with private elevator entries and terraces.
- Penthouses: to $16.5M and above, combined-floor homes with panoramic ocean and bay views.
Pricing is current to listing and subject to change.
Amenities
Five Park is built around a private club and the park: a private beach club and beach service, a rooftop Canopy Club and pool, the three-acre Canopy Park, the Daniel Buren Canopy Bridge to the sand, a spa, wellness, and fitness center, a children’s club, 24-hour concierge, valet, and security, and co-working lounges and private dining.
Is it a good buy? What buyers should know
Move-in-ready new construction with this amenity package is rare on Miami Beach, and the price of entry is unusually accessible for the building’s profile. New-construction resale still has its own contract details, and independent representation protects you on price and value against options like the Shore Club Private Collection and the Ritz-Carlton Residences.
How to see current availability
If Five Park is on your list, tell me what you are looking for and I will send current availability and pricing, and arrange a private showing. Call or text me at 773 208 2992, or start a conversation here.
Barbara Gretsch is a Miami Luxury REALTOR® with Berkshire Hathaway HomeServices EWM Realty, representing buyers and sellers across Miami Beach’s signature residences.