501 West Avenue PH4701, Miami Beach, FL 33139

$18,500,000
Property Type: Residential Bedrooms: 5 Baths: 7 Square Footage: 7,923 Status: Closed
Current Price: $18,500,000 List Date: 7/15/2025 Last Modified: 8/28/2026

Overview

Description

The LAST remaining Penthouse at Five Park Miami Beach. Fully furnished (price reflects unfurnished) residence featuring 5 beds + media room with 6.5 baths, 11 ft+ ceilings. 6000 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# A11840802

General Property Information

Unit Floor #
47
Property Sub Type
Condominium
Bedrooms Total
5
Bathrooms Total
7
Bathrooms Full
6
Bathrooms Half
Yes
Building Area Main
7923
Living Area Main
6060
Adjusted Area Main
5500
Year Built
2025
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 Exterior Features: Lighting Flooring: Marble; Tile; Wood Leasing Permitted Details: Okay To Lease Parking Features: Valet Property Condition: New Construction Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer Cooling: Central Air Association Type: Condominium Heating: Central; Electric Interior Features: Closet Cabinetry; Elevator; Kitchen Island; Walk-In Closet(s); Other Listing Terms: Cash; Conventional Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Close Of Escrow; Negotiable Security Features: Elevator Secure; Key Card Entry; Lobby - Attended; Secured Garage/Parking; Security Guard; Security System Tax Information: Other Exemption Unit Description: Penthouse; High Rise View: Skyline Water View: Bay; Ocean Showing Requirements: 24 Hour Notice; Call Listing Agent Outdoor Living Spaces: Balcony Balcony Details: Balcony - Open Contingencies: Other

Contract Information

Comp Sale YN
No
Original List Price
21000000
Occupant Type
Vacant

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
501
Street Name
West
Street Suffix
Avenue
Unit Number
PH4701
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33139
Postal Code +4
7134
Postal Zip
33139
Subdivision Name
Five Park Condo
Area
2420
Elementary School
Miami Beach South Pointe
Middle Or Junior School
Miami Beach Nautilus
High School
Miami Beach
Parcel Number
0242040160210
Subdivision Number
16

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
FIVE PARK CONDO UNIT PH1 UNDIV 2.2918% INT IN COMMON ELEMENTS OFF REC 34492-3683

Status Change Information

Major Change Timestamp
2026-01-30T05:00:00Z
Major Change Type
Status Change
Status Change Date
2026-02-25
Under Contract Date
2026-01-24
Close Date
2026-01-30
Close Price
18500000
Buyer Financing
Cash

More Information

Application Fee Details

Application Fee Required
Yes
Application Fee
150

Entry Information

Entry Level
Yes

Leasing Permitted Details

Leasing Permitted YN
Yes

Parking Information

Open Parking Spaces
2

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
0210

Originating Details

Originating System Key
417978627
Originating System ID
M00000151
IDX
Listing Office: Douglas Elliman
Last Updated: August - 28 - 2026
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