Five Park

In 2024, Terra Group and GFO Investments, in partnership with architects Arquitectonica and interior designer Gabellini Sheppard, initiated the development of a multifamily bayfront sky-reaching tower in South Beach. It’s an emerging structure immediately north of the MacArthur Causeway, making it the closest neighbor of the mega-luxury South of Fifth high-rise tower lineup. The latter includes mind-boggling communities like Apogee and Murano at Portofino, which are extraordinary South Pointe Park landmarks.

Five Park condos for sale (pre-construction and launch) rest on a magnificent real estate footprint at 500 Alton Road on 400 linear feet of the Intracoastal Biscayne Bay waterway. It connects directly to a striking Miami Beach marina, biking distance from the white sand beaches of the Atlantic Ocean.

Indeed, the Five Park Miami Beach condominium project revolves around a 48-story high-rise contemporary structure containing only 98 units (approximately two condominiums per floor on average) ranging from 1,434 to 6,000 square feet under air (UA)—offering two- to five-bedroom floor plans with up to five bathrooms. Yacht owner buyers of Five Park condos can dock their vessels (up to 100’) in their backyard, promising less than five-minute transitions to open seas with no fixed bridge obstructions.

Future wealthy families residing in their Five Park condominiums, relaxing on their expansive glass-rail terraces (some wraparound) or looking out from behind high-impact wall-to-wall sliders, will never tire of their spectacular Miami skyline vistas. The most striking of these will be magnificent unobstructed Biscayne Bay panoramas (taking in Star Island and other mid-water communities) with city night lightscapes and flourishing nature preserve panoramas as stress-releasing backdrops.

One of Five Park's primary attractions is its walking distance to casual and fine-dining restaurants, bars, delis, and supermarkets. Quick drives connect residents to exciting shopping venues (such as the Aventura Mall, Bal Harbour Shops, and Lincoln Road), gorgeous Sunny Isles Beach, and Downtown Miami. The same goes for pickleball venues, excellent schools, golf courses, museums, the Miami International Airport, and clinics. A few-minute yacht trip across the bay gets one to visit friends living on Fisher Island and back.

Prospective buyers can expect the Five Park developer's handovers to include end to end luxury. Like what? Private elevators (and foyers), expansive, open floor plans featuring soaring 10-foot-high ceilings, and ten-linear-foot sliding door openings. It will extend to providing chef's kitchens by Gabellini Sheppard equipped with Gaggenau appliances, Italian-customized kitchen cabinets, exotic stone countertops and backsplashes, and integrated wood-topped dining tables. Finally, all units will deliver platinum smart-home technology pre-wiring, massive walk-in closets, designer-brand vanities, fixtures, and fittings in spa bathrooms and dedicated lifestyle spaces.

Monthly HOA fees of over $2.00 per square foot condo ownership (UA) will provide fantastic Five Park amenities that traditionally attract buyers from far and wide. One can anticipate a residents-only pool bar and cafe, a fully-equipped fitness center, professional spa and massage treatment rooms, and a private media screening room. Moreover, a conference hub embracing a co-working area, private offices and boardrooms, a children's learning lab and teen club, and luxury short-term guest suites will be on tap.

The range of services at residents’ fingertips will include concierge, butler, personal trainer, and housekeeping accessibility, an exclusive shuttle (to a South of Fifth private beach club with white glove attention), and wifi connection throughout the building’s community spaces (even the garages and elevators).

Outdoor amenities will steal the show, from the 3-acre canopy park (featuring a Monstrum playground, an outdoor gym, picnic areas, dog park, and shaded gardens) to pristine campus lawns, a dog park, an outdoor gym, and a sunset terrace. Resort-style heated adult & family-friendly pools surrounded by expansive sundecks, cabanas, loungers, and a Zen-like meditation platform complete the picture.

Indoors, the convenience, luxury, and second-to-none benefits continue. How? Five Park’s 26th-floor Canopy Club offers residents bar, lounge, dining, and outdoor terrace options with eye-popping views, a clubroom den for quiet repose, billiards rooms, a private dining room for parties and celebrations, a dedicated wellness and exercise section plus juice bar, and more.
Finally, the HOA package includes building insurance, elevator maintenance, and entry through a dramatic double-story lobby with incredible artwork.

Five Park Condos For Sale

$21 Million

MLS#AX-11840802

501 West Ave Ph4701
Miami Beach, FL 33139

5

7

4

7,923 Sq Ft

78 Days

New Construction

Reduced

$14 Million

$15,000,000

MLS#AX-11772496

501 West Ave 4201/05
Miami Beach, FL 33139

4

6

2

6,777 Sq Ft

Water Front

264 Days

Reduced

$14 Million

$15,000,000

MLS#AX-11772502

500 Alton Rd 4201.05
Miami Beach, FL 33139

4

6

2

5,155 Sq Ft

Water Front

264 Days

$10,875,000

MLS#AX-11830772

500 Alton Rd 4401
Miami Beach, FL 33139

4

5

3

3,186 Sq Ft

86 Days

Reduced

$7,699,999

$8,490,000

MLS#AX-11758755

501 West Ave 4202
Miami Beach, FL 33139

3

4

2

2,930 Sq Ft

Water Front

208 Days

New Construction

Reduced

$7,699,999

$8,490,000

MLS#AX-11779784

500 Alton Rd 4202
Miami Beach, FL 33139

3

4

2

2,930 Sq Ft

Water Front

208 Days

New Construction

Reduced

$7,200,000

$7,500,000

MLS#AX-11813946

500 Alton Road 3603
Miami Beach, FL 33139

3

5

3

2,451 Sq Ft

Water Front

121 Days

Reduced

$3,750,000

$3,875,000

MLS#AX-11818894

500 Alton Rd 4004
Miami Beach, FL 33139

2

3

2

1,778 Sq Ft

85 Days

Reduced

$3,650,000

$4,100,000

MLS#AX-11729998

500 Alton Rd 3704
Miami Beach, FL 33139

2

3

2

1,778 Sq Ft

Water Front

251 Days

$3,600,000

MLS#AX-11845576

500 Alton Rd 803
Miami Beach, FL 33139

3

4

2

2,335 Sq Ft

Ocean Front

70 Days

Reduced

$3,295,000

$3,495,000

MLS#AX-11777560

500 Alton Rd 801
Miami Beach, FL 33139

3

4

2

2,178 Sq Ft

177 Days

$2,875,000

MLS#AX-11788603

500 Alton Rd 1105
Miami Beach, FL 33139

2

3

2

1,516 Sq Ft

159 Days

22 Active Listings in Five Park