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500 Alton Rd #4501
Miami Beach, FL 33139
Listing courtesy of One Sotheby's International Realty. Contact: 305-538-9711.
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, 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.
- Principal and interest
- $108,716
- Property tax
- $33,063
- Homeowners insurance
- $13,442
- HOA
- $16,189
An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.
Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.
The full yearly cost of owning this home: property tax levy by levy from the published millage of the parcel’s taxing district (a mailing city is not always inside its city limits), the Save Our Homes cap, HOA and the insurance quotes to get.
Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.
Five Park Condominium, A Condominium Within A Portion Of A Build was built in 2024, according to the county property appraiser.
If it has three or more habitable stories, Florida law (s. 553.899, F.S.) requires a milestone structural inspection by December 31 of the year it reaches 30 years of age, then every 10 years; for a building of this age the first one is due by December 31, 2054. A local building official may require it at 25 years near salt water.
Condominium buildings of three or more stories also need a structural integrity reserve study (s. 718.112(2)(g), F.S.) at least every 10 years; associations formed on or before July 1, 2022 had to complete one by December 31, 2025.
Dates follow from the statutes and the year the county appraiser lists for the building, not from the association's records. Ask the association for its milestone inspection report, its most recent structural integrity reserve study and any approved or proposed special assessments, and review them before you buy.
Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty Services. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.