Five Park Miami Beach Location & Neighborhood
500 Alton Road, Miami Beach, FL 33139
The Neighborhood
What's within reach.
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South Pointe Park Walking distance0.1 mi
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Atlantic Ocean (SoFi beach) Walking distance0.2 mi
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Joe's Stone Crab Walking distance0.2 mi
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Lincoln Road Short drive1.0 mi
Life at Five Park Miami Beach
South of Fifth (SoFi) — the southern tip of South Beach — is among Miami Beach's most prestigious sub-neighborhoods. Notable luxury towers include Continuum I & II (iconic beachfront), Apogee South Beach (ultra-exclusive), Ocean House (Art Deco restored), and South Pointe Tower. Five Park brings 48-story height and a 5-acre public park to this celebrated corridor.
Miami Beach's Tallest Tower
Five Park's 48-story height makes it Miami Beach's tallest residential tower. Distinguishing presence in the SoFi corridor.
5-Acre Public Park
Five Park is part of a master development that includes a new 5-acre public park — an exceptional amenity for SoFi residents. Park designed by Arquitectonica GEO.
Arquitectonica Architecture
Designed by Miami's iconic Arquitectonica (Bernardo Fort-Brescia) — pushing boundaries of design with materials, geometry, pattern, and color.
Terra Group Pedigree
Developed by Terra Group — also delivered Eighty Seven Park, Park Grove, Villa Miami (Brickell), and currently developing Jean-Georges Miami Tropic Residences in Midtown Miami. David Martin-led with $8+ billion cultivated real estate.
Completed 2024 Resale Market
Five Park completed in 2024 — now offers 21+ resales across 2- to 5-bedroom layouts. Pricing ranges $1.2M (entry-level 2BR) to $16M (premium top-tier). Strong resale liquidity validates market interest.
Five Park Miami Beach Investment & Market Outlook
Why Miami Beach Pre-Construction Outperforms
South Florida pre-construction has historically delivered double-digit appreciation between contract and delivery, especially in branded residences. Miami Beach specifically has seen sustained demand from international buyers seeking US dollar-denominated real estate, tax advantages from Florida's no-income-tax structure, and currency hedging against home-market inflation.
Branded residences like Five Park Miami Beach typically command 25–35% price premiums over comparable non-branded inventory in the same submarket, and resale price retention has consistently outpaced the broader Miami condo index over the past decade.
Friends & Family Pricing
As pre-construction specialists with direct developer relationships, we offer qualified buyers access to friends-and-family pricing — typically 4–8% below current public release pricing — along with extended deposit schedules, custom unit selection, and priority on the most desirable exposures and floors.
Deposit Structure
Standard Miami Beach pre-construction deposit structures range from 20% at contract to 50% by delivery, with milestone payments at groundbreaking, top-off, and certificate of occupancy. Five Park Miami Beach follows the Miami Beach market standard. Our team can walk you through the full deposit schedule and any current developer incentives reducing the at-contract deposit requirement.
How to Reserve a Residence at Five Park Miami Beach
Pre-construction purchases follow a different path than resale transactions. Here's what to expect, step by step.
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01
Initial Consultation
We start with a 30-minute call to understand your goals — primary residence, investment, legacy asset — and walk you through current availability, pricing tiers, and the floor plans best suited to your needs.
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02
Floor Plan Selection & Reservation
Once you've narrowed your selection, a refundable reservation deposit (typically $25,000–$100,000) holds your residence for 14–30 days while contracts are prepared. You'll receive the full developer reservation package and the most current pricing for your specific unit.
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03
Contract & First Deposit
The purchase contract is executed with the developer, and the first deposit (typically 10–20% of the purchase price) is wired to the developer's escrow account at a Florida-licensed institution. All funds are protected under Florida pre-construction escrow law until milestones are reached.
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04
Construction Milestones
Subsequent deposits are released as construction reaches defined milestones — typically groundbreaking, top-off, and certificate of occupancy. You'll receive quarterly construction updates, photo documentation, and the option to tour the unit once interiors are roughed in.
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05
Closing & Delivery
At closing, the final balance is funded (cash or financing via approved lenders), title transfers, and you receive keys. Closing typically occurs 30–60 days after the developer issues the certificate of occupancy. Move-in coordination, designer access, and Mercedes-Benz/Bentley/Armani concierge enrollment all happen at this stage.
Five Park Miami Beach FAQs
Answers to the most common questions about Five Park Miami Beach pricing, amenities, and policies. For anything else, our team is here to help.
How much do Five Park Miami Beach residences cost?
Five Park Miami Beach pricing ranges from $1.199 million for entry-level two-bedroom residences up to $16 million for premium top-tier penthouse-level residences. 3-bedrooms from $3M, 4-bedrooms from $6M, 5-bedrooms from $10M, top penthouses up to $16M.
Who developed Five Park Miami Beach?
Five Park Miami Beach was developed by Terra Group — Miami-based luxury developer led by David Martin. Terra has cultivated $8+ billion in real estate across signature projects including Eighty Seven Park, Park Grove, Villa Miami, and currently developing Jean-Georges Miami Tropic Residences in Midtown.
Who designed Five Park?
Architecture by Miami's iconic Arquitectonica (Bernardo Fort-Brescia's globally recognized firm). The 5-acre park within the master development was designed by Arquitectonica GEO.
When was Five Park completed?
Five Park Miami Beach completed in 2024. Currently offers resale availability with 21+ units listed on the market.
How many residences does Five Park have?
Five Park is a 48-story tower — Miami Beach's tallest residential building. 2- to 5-bedroom layouts plus penthouses. Currently 21+ resales listed.
Where is Five Park located?
Five Park Miami Beach is at 500 Alton Road in Miami Beach's South of Fifth (SoFi) neighborhood — the southern tip of South Beach. Among Miami Beach's most prestigious sub-neighborhoods, complemented by Continuum I & II, Apogee South Beach, and Ocean House.
What is South of Fifth (SoFi)?
South of Fifth (SoFi) is the southern tip of South Beach in Miami Beach — among Miami Beach's most prestigious sub-neighborhoods. Notable luxury towers include Continuum I & II (iconic beachfront), Apogee South Beach (ultra-exclusive boutique), Ocean House (Art Deco restored), South Pointe Tower, and now Five Park as the tallest. Walking distance to Joe's Stone Crab and South Pointe Park.
Are short-term rentals allowed at Five Park?
Five Park Miami Beach is a residential condominium tower — short-term rental rules are set by the HOA. SoFi historically prioritizes residential character with longer minimum lease terms. Contact agent for current STR policy.
