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South Beach
Five Park Miami Beach
Pre-Construction Luxury in Miami Beach
Bay & Ocean Residences
Atop Miami's Most Groundbreaking Project
Developed by Terra, the newest residential tower has arrived on Miami Beach with unprecedented views in every direction. Five Park features exceptional amenities across 50,000 square feet with in-house wellness, private beach club, and a three-acre park outside your front door - a stunning creation from the world's most visionary design minds.
519 ftHeight
Building Details
Five Park Miami Beach - Luxury Bayfront Residences at a Glance
Address
500 Alton Road, Miami Beach, FL 33139
Developer
Terra, GFO Investments
Architect
Arquitectonica
Year Completed
2024
Residences
268
Stories
48
Neighborhood
South Beach
What Makes It Special
Why Buyers Choose Five Park Miami Beach - Luxury Bayfront Residences
The Only New Tower on Southern Miami Beach
Five Park is the newest residential tower on Miami Beach, and for a market where new construction is extremely limited due to strict zoning constraints, that alone makes it significant. Located at 500 Alton Road at the southern tip of the island, the building was developed by Terra and designed by Arquitectonica with interiors by Gabellini Sheppard. Our clients who want new construction on Miami Beach have very few options, and Five Park delivers a thoroughly modern product in a location where most buildings are decades old. This scarcity factor is something we emphasize in every conversation.
50,000 SF of Amenities Plus a Private Beach Club
The amenity package at Five Park is extensive: over 50,000 square feet including a 6th-floor terrace with main and family pools, a private beach club, wellness center with sauna and spa, co-working lounge, screening room, and kids' playroom with childcare. Our clients consistently rate the private beach club access as a top differentiator. Having dedicated beach service without the crowds of a public beach is a lifestyle upgrade that matters enormously to families and seasonal residents who split time between Miami Beach and the northeast. The boat club access is another feature our waterfront-oriented clients value highly.
The Three-Acre Canopy Park Changes the Streetscape
Five Park's three-acre Canopy Park, designed by ArquitectonicaGEO and featuring the Daniel Buren Canopy Bridge, is a public amenity that directly benefits residents every day. This is not a token green space or a manicured patch of grass. It includes a Botanic Grove with native Florida trees, a Monstrum Playground, outdoor gym, dog park, and a partnership with Fairchild Tropical Botanic Garden planting over 600 orchids. Our clients who visit the park in person immediately understand how it transforms the area. It gives Five Park a front yard that no other Miami Beach tower can credibly claim.
Gabellini Sheppard Interiors with 360-Degree Views
The elliptical tower design by Arquitectonica creates 360-degree panoramas of Biscayne Bay, the Atlantic Ocean, and the Miami skyline from most residences. Gabellini Sheppard's interiors feature Italian oak cabinets, Gaggenau appliances, and marble countertops. Design Director Anda Andrei oversaw the selection of warm, organic materials and timeless finishes throughout. Our clients who have toured competing buildings often tell us that Five Park feels warmer and more residential than many glass-box towers. The design team deliberately emphasized organic materials and natural light, which translates into spaces that feel genuinely livable rather than sterile and showroom-like.
Advisor Perspective
Our Take on Five Park Miami Beach
Five Park is a project we have been following since its announcement, and it delivers on its promise as the most significant new residential tower on Miami Beach. Developed by Terra at 500 Alton Road, the building sits at the southern tip of the island with an elliptical form by Arquitectonica that provides 360-degree views from virtually every residence.
The design team is strong across the board. Gabellini Sheppard handled the interiors with a warm modernist palette of Italian oak, Gaggenau appliances, and marble finishes. Anda Andrei serves as Design Director, and the overall aesthetic feels considered rather than excessive. Residences range from one to three bedrooms starting at $1.25 million, which positions Five Park as an accessible entry into new Miami Beach construction.
What sets Five Park apart in our conversations with clients is the ground-level experience. The three-acre Canopy Park by ArquitectonicaGEO is a genuine public amenity that gives the building a park-like setting you simply do not find elsewhere on the island. The Daniel Buren Canopy Bridge has become a recognizable piece of public art. These elements create a sense of place that extends beyond the building itself.
The private beach club is another strong differentiator. For seasonal residents who spend winters in Miami Beach, having dedicated beach access with full service eliminates a significant friction point. Combined with 50,000 square feet of in-building amenities including pools, wellness center, co-working space, and childcare, the building functions as a self-contained resort.
For buyers cross-shopping other Miami Beach options, Five Park's combination of new construction, bay and ocean views, extensive amenities, and a park setting makes it one of the most complete residential offerings in the market today.
About Five Park Miami Beach - Luxury Bayfront Residences
Five Park Miami Beach is a luxury residential tower at 500 Alton Road, developed by Terra and designed by Arquitectonica with interiors by Gabellini Sheppard. Located at the southern tip of Miami Beach, the building features an elliptical form that provides 360-degree views of Biscayne Bay, the Atlantic Ocean, and the Miami skyline from virtually every residence.
Residences range from one to three bedrooms with prices starting at $1.25 million. Interior spaces range from approximately 878 to 2,512 square feet, all featuring private terraces. Interior finishes include Italian oak cabinets designed by Gabellini Sheppard, Gaggenau appliances, marble countertops, Italian-made bathroom vanities, textured glass shower doors, and front-load smart washers with ducted dryers. The design approach by Design Director Anda Andrei emphasizes warm, organic materials and abundant natural light, creating spaces that feel residential rather than institutional.
Five Park offers over 50,000 square feet of amenities, one of the most extensive packages on Miami Beach. The 6th-floor terrace includes main and family pools, hot tub, cabanas, and an indoor/outdoor cafe. A private beach club provides dedicated oceanfront access with full service. The wellness center includes sauna and spa treatments, and the building also features a contemporary fitness center, co-working lounge, screening room, kids' playroom with childcare, and boat club access. Round-the-clock concierge and butler service are standard. EV charging and valet parking are provided.
The three-acre Canopy Park adjacent to the building, designed by ArquitectonicaGEO under the direction of Laurinda Spear, adds a dimension that no other Miami Beach tower offers. The park includes a Botanic Grove with native Florida trees, a Monstrum Playground, outdoor gym, dog park, event lawn, bioswale dry river, and the Daniel Buren Canopy Bridge, a striking 40-foot public art installation featuring the French conceptual artist's signature contrasting colored stripes. A partnership with Fairchild Tropical Botanic Garden brings over 600 orchids to the site. The Snow White art installation by Mark Handforth further enhances the park's cultural character.
The location at the southern end of Miami Beach provides proximity to South Pointe Park, Lincoln Road Mall, the Art Deco Historic District, Joe's Stone Crab, and The Bass Contemporary Art Museum. For buyers seeking new construction on Miami Beach, Five Park is one of the few options in a market where zoning constraints severely limit new tower development. The building's combination of new construction quality, comprehensive amenities, and a park-adjacent setting make it a standout offering for both full-time residents and seasonal buyers.
Explore Miami pre-construction developments or view Billionaires' Beach Miami. For international buyers, see our Miami guide for foreign purchasers.
The Residences
Unparalleled Living
Pricing
Residence Collection
Two Bedroom
2 BR
1,200–1,600 SF
From $1.5M
Three Bedroom
3 BR
1,600–2,400 SF
From $2.5M
Four Bedroom
4 BR
2,400–3,500 SF
From $4M
Penthouse
4–5 BR
3,500+ SF
From $8M
Residences from $1,500,000
Amenities
World-Class Amenities
Wellness & Fitness
- Full-service spa
- State-of-the-art fitness center
- Resort-style pool
- Yoga lawn
- Meditation garden
Social & Entertainment
- Private residents' club
- Wine lounge
- Screening room
- Social lounge with bar
- Co-working business center
Outdoor Living
- Bayfront pool deck
- Outdoor dining areas
- Jogging path along the bay
- Landscaped sculpture garden
Building Services
- 24-hour concierge and security
- Valet parking
- Private storage units
- Pet spa and dog walk
Family & Recreation
- Children's playroom
- Teen lounge
- Sports simulator
- Pickleball court
Design & Architecture
The Visionaries
Arquitectonica
Architect
Gabellini Sheppard
Interior Architecture
Anda Andrei
Design Director
ArquitectonicaGEO
Park Design
Daniel Buren
Artist
Sarah Harrelson
Art Curator
Location
Miami Beach
FAQ
Frequently Asked Questions
What is Five Park Miami Beach?
Five Park is a luxury residential tower at 500 Alton Road in Miami Beach featuring bay and ocean residences with unprecedented views, 50,000 SF of amenities, a private beach club, and a three-acre Canopy Park. Designed by Arquitectonica with interiors by Gabellini Sheppard.
What residences are available?
Five Park offers 1 to 3 bedroom configurations with prices starting at $1.25 million. Residences range from 878 to 2,512 SF of interior space. The elliptical tower design provides 360-degree views of the bay, ocean, and skyline. All units include private terraces.
What are the amenities?
Over 50,000 SF of amenities including a 6th floor terrace with pools, hot tub, cabanas, and café; private beach club; wellness center with sauna; fitness center; co-working lounge; screening room; kids playroom; concierge & butler service; and boat club access.
What is the Canopy Park?
A three-acre green oasis between beach and bay, designed by ArquitectonicaGEO. Features include a Botanic Grove, Monstrum Playground, outdoor gym, dog park, event lawn, and the "Snow White" art installation. Partners with Fairchild Tropical Botanic Garden for 600+ orchids.
Who designed Five Park?
The visionary team includes Arquitectonica (architect), Gabellini Sheppard (interiors), Anda Andrei (Design Director), ArquitectonicaGEO (park design), Daniel Buren (artist), and Sarah Harrelson (art curator). Sales by Douglas Elliman Development Marketing.
What is the Daniel Buren Bridge?
A striking 40-foot public art structure designed by celebrated French conceptual artist Daniel Buren. The Canopy Bridge crosses Fifth Street with Buren's signature contrasting colored stripes, connecting the property to the wider Miami Beach neighborhood.
What interior finishes are included?
Residences feature Italian oak cabinets by Gabellini Sheppard, Gaggenau appliances, marble countertops, Italian-made bathroom vanities, textured glass shower doors, and front-load smart washers with ducted dryers. Select units include wet rooms.
Where is Five Park located?
500 Alton Road, Miami Beach, FL 33139. At the southern tip of Miami Beach, near South Pointe Park, Lincoln Road Mall, the Art Deco District, Joe's Stone Crab, The Bass Museum, the New World Center, and many top cultural and dining venues.
What are the prices at Five Park Miami Beach?
Five Park offers 1-3 bedroom residences (878-2,512 SF) with pricing from approximately $1.25M. The South of Fifth location commands premium pricing for Miami Beach. Contact Manhattan Miami for current availability, specific floor plans, and pricing details across all residence types.
Can foreigners buy at Five Park Miami Beach?
Yes, foreign nationals can purchase at Five Park with no restrictions. Florida has no foreign ownership limitations, and the South of Fifth location attracts international buyers from Latin America, Europe, and beyond. Manhattan Miami specializes in assisting international purchasers through the entire process.
Who is the developer of Five Park?
Five Park Miami Beach is developed by Terra, one of South Florida’s premier development firms led by David Martin, known for delivering architecturally significant projects including Glass at 120 Ocean Drive and the Grove at Grand Bay (BIG-designed). Terra’s track record ensures quality execution and community integration.
How does Five Park compare to other South of Fifth buildings?
Five Park distinguishes itself in South of Fifth with its Arquitectonica-designed tower, 50,000+ SF of amenities, private beach club, the Daniel Buren art bridge, and the adjacent 6-acre Canopy Park. While other SoFi buildings offer boutique ocean living, Five Park delivers a full-service resort lifestyle with one of the largest amenity packages in the neighborhood.
What is the deposit structure at Five Park?
The deposit structure for Five Park is available upon inquiry. As the project is nearing completion, terms may differ from typical pre-construction schedules. Contact Manhattan Miami for the current deposit/payment structure and any available developer incentives.
Is Five Park Miami Beach a good investment?
Five Park offers strong investment fundamentals: South of Fifth is Miami Beach’s most coveted residential neighborhood, Terra’s proven development track record ensures quality, and the 50,000+ SF amenity package with private beach club creates lifestyle premium. The adjacent Canopy Park and Daniel Buren bridge add cultural and green space value that appreciates over time.
What is the boat club access?
Five Park residents enjoy boat club access, providing maritime experiences on Biscayne Bay without the burden of boat ownership. The boat club complements the property’s waterfront position at the southern tip of Miami Beach, offering residents on-demand boating, sunset cruises, and bay exploration - a unique amenity for a South of Fifth tower.
Get in Touch
Private Availability at Five Park Miami Beach - Luxury Bayfront Residences
For current availability, pricing history, floor plans, and off-market opportunities at Five Park Miami Beach - Luxury Bayfront Residences, request a confidential review with our advisory team.
Address
500 Alton Road, Miami Beach, FL 33139
Phone
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Miami Real Estate Market Intelligence
Market Context: The Miami-to-Northeast and Miami-to-California migration has converted from pandemic-era spike to structural relocation. Miami’s millionaire population grew approximately 78% between 2013 and 2023. Geographic constraint is binding: ocean, bay, and Everglades pin supply. December 2025 medians: Miami Beach condo $620K, Brickell condo $580K. Luxury condominium price per sq ft: $1,200-$3,500+, extending to $2,000-$4,500+ on Fisher Island and $1,800-$4,000+ at South of Fifth.
Value submarkets: Brickell ($600-$1,500/SF), Edgewater ($700-$1,200/SF), Downtown Miami ($600-$2,000/SF). Trophy submarkets: Fisher Island, Sunny Isles Beach ($1,500-$3,500/SF, dense branded-residence inventory), South of Fifth. Branded benchmarks include Four Seasons Surf Club ($2,200-$3,500/SF), St. Regis Sunny Isles ($1,800-$2,800/SF), and Porsche Design Tower ($1,600-$2,400/SF). Miami now carries more hotel-branded residences than any other Western Hemisphere city.
Structural inputs compound: no state income tax (vs. 10.9% NY, 13.3% CA), no estate tax, 78% decade millionaire growth, and construction-cost inflation. Current pre-construction inventory was financed and broken ground before 20-50% tariffs landed on steel, aluminum, concrete, and lumber, effectively the last tranche of pre-tariff pricing. Florida SB 264 restricts acquisitions by nationals of certain countries within 10 miles of military installations and must be screened at contract stage for international buyers.
Key Facts
- Miami Beach Condo Median (Dec 2025): $620K
- Brickell Condo Median (Dec 2025): $580K
- Luxury Condo $/SF: $1,200-$3,500+
- Fisher Island $/SF: $2,000-$4,500
- Avg Days on Market: 95
- Closing Costs: 2-3% (cash), 3-4% (financed)
- Property Tax: ~2% of assessed value annually
- Millionaire Population Growth: +78% (2013-2023)
- State Income Tax: 0% (vs. NY 10.9%, CA 13.3%)
What Buyers Should Know
Miami’s millionaire population grew approximately 78% between 2013 and 2023 with no state income tax and hard geographic constraints (ocean, bay, Everglades) capping supply. Luxury condominium price per sq ft runs $1,200-$3,500+, extending to $2,000-$4,500+ on Fisher Island and $1,800-$4,000+ at South of Fifth. Miami now carries more hotel-branded residences than any other Western Hemisphere city.
Miami Real Estate FAQs
What are Miami’s current condominium medians?
December 2025: Miami Beach $620K, Brickell $580K. Luxury condominium stock runs $1,200-$3,500+ per sq ft, extending to $2,000-$4,500 on Fisher Island and $1,800-$4,000 at South of Fifth.
Why is Miami attracting UHNW capital structurally?
Zero state income tax (versus NY 10.9%, CA 13.3%), no estate tax, a 78% decade growth in the millionaire population (2013-2023), and geographic constraints that cap long-run supply. These are structural inputs, not cyclical.
What does the construction-cost tariff environment mean for current inventory?
Current pre-construction inventory was financed and broke ground before 20-50% tariffs landed on steel, aluminum, concrete, and lumber. Replacement-cost pricing on the next development cycle is expected to rise materially. Current allocations represent the last tranche of pre-tariff pricing.
What is Florida SB 264 and how does it affect international buyers?
Florida SB 264 restricts property acquisitions by nationals of seven countries (China, Russia, Iran, North Korea, Cuba, Venezuela, Syria) within 10 miles of military installations. The restriction must be screened at contract stage and may require entity-structure adjustments to comply.
What are typical monthly carrying costs on a Miami condominium?
HOA $0.80-$2.50 per sq ft per month, property tax ~2% of assessed value annually, HO-6 insurance $2,000-$5,000+ annually, flood insurance $500-$3,000+. A 2,000 sq ft condo runs $1,600-$5,000 per month in HOA alone.
What are the post-Surfside inspection requirements?
Buildings 3+ stories must undergo structural inspections at year 30 (year 25 if coastal), then every 10 years. Associations must fully fund reserves; reserve waivers are no longer permitted. Older buildings carry special-assessment risk; inspection and reserve-study review is required at due-diligence.