500 Alton PH4702, Miami Beach, FL 33139

$17,500,000
Property Type: Residential Bedrooms: 4 Baths: 7 Square Footage: 5,888 Status: Closed
Current Price: $17,500,000 List Date: 11/15/2024 Last Modified: 8/28/2026

Overview

Description

One of the most remarkable residences in Miami - stunning lower Penthouse at Five Park, featuring 4 beds, 6.5 baths, office and media room. 11 ft+ ceilings. 5,888 sq ft of interior space, complemented by 1,868 sq ft of wraparound terrace. Sweeping views of magical sunsets over the Miami skyline, and sunrises over the Ocean. Open living space meticulously designed and detailed by Meyer Davis is equally suited for lavish entertainment and serene contemplation. Five Park is the newest luxury residential tower in Miami Beach, delivered Nov 2024. It offers its residents amenities including private beach club, 2 pools, gym, spa, on-site restaurant and the exclusive 26th floor Canopy Club. Most sought-after location due to proximity to restaurants, beach, parks etc.

Listing Details MLS# A11694331

General Property Information

Unit Floor #
47
Property Sub Type
Condominium
Bedrooms Total
4
Bathrooms Total
7
Bathrooms Full
6
Bathrooms Half
Yes
Living Area Main
5888
Year Built
2024
Garage YN
Yes
Garage Spaces
4
Covered Spaces
4
Senior Community YN
No
Outdoor Living Spaces YN
Yes
Stories Total
48

Property Features

Application Information: 1-2 Weeks Approval Association Amenities: Maintenance Flooring: Marble; Tile; Wood Leasing Permitted Details: Okay To Lease Property Condition: New Construction; Under Construction Appliances: Dishwasher; Dryer; Electric Range; Ice Maker; Microwave; Oven; Refrigerator; Washer; Other Cooling: Central Air Association Type: Condominium Heating: Central; Electric Interior Features: Entrance Foyer; Other Listing Terms: Cash; Conventional Other Equipment: Other Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Close Of Escrow; Other Security Features: Elevator Secure; Fire Alarm; Lobby - Attended; Smoke Detector(s) Tax Information: Other Exemption Unit Description: High Rise Utilities: Cable Available View: Skyline Water Access: None Water View: Bay; Ocean Showing Requirements: Appointment Only Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open Contingencies: None

Contract Information

Comp Sale YN
No
Original List Price
20000000
Occupant Type
Vacant

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
500
Street Name
Alton
Unit Number
PH4702
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33139
Postal Zip
33139
Subdivision Name
FIVE PARK
Area
2420
Parcel Number
0242030060018

Financial Information

Association YN
Yes
Association Fee
15120
Association Fee Frequency
Monthly
Application Required YN
Yes
Estimated Monthly Assoc Recurring Fee
15120
Membership Fee Required YN
No
Tax Year
2023
Tax Legal Description
AQUARIUM SITE AMD PB 21-83 LOTS 1 THRU 8 & LOTS 13 THRU 19 LESS ST RD 5 & ALLEY LYG BET & ADJ THEREOF CLOSED PER RES 2005-25869 & LOTS 9 THR

Status Change Information

Major Change Timestamp
2025-07-15T20:02:51Z
Major Change Type
Status Change
Status Change Date
2025-07-15
Under Contract Date
2025-06-13
Close Date
2025-07-15
Close Price
17500000
Buyer Financing
Cash

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
2
Parking Space Number
4

Leasing Restrictions

Leasing - Max Times Per Year
2
Leasing - Minimum Number of Days
180

Storm Protection

Impact Glass
Partial

Buyer Details

Intended Use
Unknown/Withheld

Concessions

Seller Concessions
No

Section Details

Parcel Number MLX
0010

Originating Details

Originating System Key
403402933
Originating System ID
M00000151
IDX
Listing Office: Douglas Elliman
Last Updated: August - 28 - 2026
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