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Condominium
$23,500,000$3,917 / sqft
500 Alton Rd # 4501, Miami Beach FL 33139
Listed
6
Bedrooms
8
Bathrooms
6,000 sqft
Interior
2024
Year built
$16,179 / mo
HOA
Condominium
Type
About this home
Experience an extraordinary sky residence at FIVE PARK with 270-degree panoramic views of the Atlantic Ocean, Biscayne Bay and Miami skyline. This exceptional 6-bedroom, 7-bath + powder room residence offers approx. 6,061 SF of interiors plus a 1,863 SF wraparound terrace. Elevated beyond the standard offering with Gabellini Sheppard specifications and extensive upgrades by Menin Interiors, the home features 11-foot ceilings, Marmorino plaster, custom millwork, wood paneling and Arca “Dune” wood flooring. A private elevator opens to a custom paneled foyer. The chef’s kitchen features upgraded Italkraft cabinetry, Calacatta Monet Extra stone, Gaggenau appliances and built-in espresso machine, plus a separate back chefs' kitchen. The primary suite includes custom illuminated his-and-hers closets, owner’s closet, safe drawer and spa baths with Kohler steam shower, upgraded fixtures and Toto Neorest. Additional features include a family/media room, executive office, CM Kling lighting design, Lutron-controlled lighting and shades, Sonos audio, James speakers, Meraki Wi-Fi and upgraded 16-ton HVAC. Four parking spaces included. FIVE PARK amenities include two resort-style pools, resident café and pool bar, spa and wellness facilities, fitness center, The Canopy Club, private beach club with transportation and beach service, 24/7 concierge, screening room, co-working spaces and adjacent 3-acre Canopy Park.
Features
- Closet Cabinetry
- Walk-In Closet(s)
- Open Balcony
- Bay
- Ocean View
- Direct Ocean
- Skyline
Leasing
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.
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 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. 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.