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Condominium
$1,575,000$1,575 / sqft
500 Alton Rd # 1204, Miami Beach FL 33139
Listed
1
Bedrooms
2
Bathrooms
1,000 sqft
Interior
2025
Year built
$2,004 / mo
HOA
Condominium
Type
About this home
Experience Elevated Miami Beach Living In This Brand-New 1 Bedroom, 1.5 Bathroom Residence At The Iconic Five Park Building. Offering Approximately 1,000 Square Feet Of Thoughtfully Designed Living Space, This Unit Features A Spacious Open-Concept Layout Ideal For Both Comfort And Entertaining. Sleek Tile Floors Flow Seamlessly Throughout, Enhancing The Modern Aesthetic And Coastal Feel Of The Home. The Generously Sized Primary Suite Includes A Luxurious En-Suite Bathroom, While The Additional Half Bath Provides Convenience For Guests. Five Park Is Miami Beach’s Newest Luxury Landmark, Offering Resort-Style Amenities Including A State-Of-The-Art Fitness Center, Spa And Wellness Facilities, Resort Pool With Cabanas, Private Resident Lounges, Co-Working Spaces, 24-Hour Concierge, Valet, And Elevated Security. Designed For A Sophisticated Lifestyle, The Building Seamlessly Blends Modern Architecture With Unmatched Service And Convenience. Ideally Located Near The Beach, South Pointe Park, World-Class Dining, And Entertainment. A Rare Opportunity To Own In One Of The Most Anticipated New Developments In South Florida. This property comes fully furnished.
Features
- First Floor Entry
- East Of Us1
- Open Balcony
- Intracoastal View
- Skyline
- Water View
Leasing
- Minimum lease
- 181 days
- Leases permitted per year
- 2
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 1-bed rentals in Miami Beach, from 200 active listings; the middle half ask $2,300–$3,850.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.