Five Park Condos For Sale & Rent

Five Park South Beach Condo Overview

Five Park South Beach is a Miami Beach condo building at 500 Alton Rd in South Beach, Miami Beach. Built in 2024, the property has 48 stories and 98 residences. Buyers should compare location, view quality, building condition, parking, rental rules, and monthly ownership costs.

Five Park South Beach Condos for Sale

Five Park South Beach condos for sale should be compared by view exposure, floor height, layout, interior condition, parking, building amenities, and monthly fees. Buyers should review recent comparable sales, view quality, interior condition, parking, monthly fees, building rules, reserves, and insurance considerations before deciding how a listing is positioned.

Five Park South Beach Rentals and Rental Policy

Rental policy currently shows a long-term rental setup, a 6-month minimum rental term and up to 2 rentals per year. Buyers should verify association rules, approval timing, lease fees, taxes, city requirements, and current restrictions before relying on projected income.

Amenities and Building Details

The building was designed by Arquitectonica and developed by Terra Group & GFO Investments. Pets are allowed with restrictions. Buyers should review amenities, parking, security, reserves, insurance considerations, association rules, and monthly fees with the specific residence. Residents benefit from a strong amenity mix that typically includes multiple pool environments, wellness and fitness spaces, spa-style features, private lounges, and concierge-driven services. The location also provides immediate access to South Beach dining, marina corridors, Canopy Park, and direct connections to Downtown Miami and Brickell.

What to Compare Before Buying at Five Park South Beach

Compare active condos for sale, active rentals, recent sales, view quality, unit condition, monthly fees, parking, rental rules, pet policy, and neighborhood access.

Market Context

Five Park South Beach has completed-year closed-sale history from 2016 through 2025 in the market statistics, with 55 recorded condo sales, or about 9 sales per year. That is a thinner resale sample, so each closed sale should be reviewed closely for condition, view, size, and unusual terms before using it as a benchmark. The busiest year in the series was 2025 with 30 sales, while the quietest was 2016 with 1. Recent completed-year sales volume is above the long-term average. The gap between the busiest and quietest years also shows why buyers should separate building demand from broader market-cycle timing.

The completed-year price-per-square-foot history for Five Park South Beach ranges from about $44/sqft to $2,133/sqft, with an average near $733/sqft across the years shown. That wide valuation band means unit-specific factors can materially change the right price range. The last completed year in the series is higher than the first, moving from $44/sqft in 2016 to $2,133/sqft in 2025. The recent completed-year price-per-square-foot average is above the long-term average. Average closed price over the same completed-year period was about $1,338,045, but that number should be read by bedroom count, size, view, and renovation level.

Bedroom-level statistics also help explain value at Five Park South Beach: 2 Beds and 1 Bed units have the broadest historical comparison set, while 4 Beds+ around $11,248,812 and 3 Beds around $4,094,998 represent the higher average closed-price tiers in the chart data. Because the higher-tier segment has limited observations, it should be treated as directional rather than a standalone pricing rule. Buyers should compare units within the same bedroom count before deciding whether a listing is expensive or well positioned. Five Park South Beach also has long-term rental positioning with a 6-month minimum lease and up to 2 rentals per year, which should be read together with the long-term sales data. That points to a more traditional ownership profile, so long-term tenant quality, association approvals, and carrying costs matter more than short-stay turnover.