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About this home
Discover this beautifully appointed 2-bedroom, 2 full bath + powder room residence at Five Park Miami Beach, the iconic new luxury tower redefining the skyline as the gateway to Miami Beach. Residence 1602 offers an expansive layout with 1,357 SQFT of interior living space and a remarkable 279 SQFT private terrace, providing panoramic views of Miami Beach and the Atlantic Ocean. The residence is thoughtfully decorated by a renowned interior designer, featuring custom lighting, elegant wallpapers, and a stunning custom dining table, complementing the impeccable design and top-tier finishes throughout. These include Italian oak cabinetry, quartzite countertops, high-end appliances, and soaring 10-foot ceilings that create an open, airy atmosphere. This exceptional residence boasts floor-to-ceiling windows, a flowing open-concept living and dining area, and a total of 1,636 SQFT of combined indoor and outdoor space.
Features
- Closet Cabinetry
- Ocean View
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $13,142
- HOA
- $3,150 / mo
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, 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. 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.