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Condominium
$10,500,000$2,983 / sqft
500 Alton Rd # 2318, Miami Beach FL 33139
Listed
4
Bedrooms
5
Bathrooms
3,520 sqft
Interior
2025
Year built
$7,510 / mo
HOA
Condominium
Type
About this home
Fabulous corner residence at Five Park offering south-east and west exposure with picturesque views spanning from the ocean to vibrant Government Cut to sunsets over the Miami skyline. Luxurious finishes, 10-ft ceilings, smart control, and sun-drenched open living areas featuring Italkraft kitchen, stunning onyx bar with 2 wine coolers, formal dining area overlooking scenic South of Fifth, and media room/den. Oceanfront primary suite with home office/sitting area, incredible run-in closet, and deluxe marble bath, while a second, west-facing primary suite offers sunsets and Miami skyline views. Guest bedrooms with en-suite baths and closets. The entire residence is wrapped with nearly 1,200-SF terrace with outdoor space for dining, lounging, and entertaining. Resort-style amenities on the 6th floor include pool, hot tub, fitness studio and spa, restaurant with in-residence dining and more. Enjoy private beach club, Canopy Park in your backyard, and convenient location, moments to Miami Beach Marina, dining, South Pointe Park, and beaches.
Features
- Entrance Foyer
- Pantry
- Den/Library/Office
- Family Room
- Bay
- Ocean View
- Skyline
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 4-bed rentals in Miami Beach, from 10 active listings; the middle half ask $45,000–$60,000.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.