Atlantic Luxury AdvisorsKeller Williams Realty Services

31 photos

500 Alton Rd #4401

Miami Beach, FL 33139

$10,875,000
4
3.5
3,186 sq ft
2024
3 car
Condominium
$8,526/mo
77
Active

Listing courtesy of Douglas Elliman. Contact: [email protected].

About this home

An ultra-exclusive corner residence at Five Park offering 3,200 SF of interior living space and 1,100 SF of wraparound terraces. Positioned on a high floor just below the penthouses, this exceptional home showcases breathtaking 180° views of the Atlantic Ocean, Miami skyline, South of Fifth, and Fisher Island through dramatic floor-to-ceiling glass and soaring 12’ ceilings. Recently reimagined into a spacious 3-bedroom layout, the residence now features a fully redesigned chef’s kitchen that enhances the flow of the home while opening up even more spectacular skyline views. Thoughtfully upgraded throughout with an Apple Smart Home system, custom-built closets, electric blinds, and a beautifully renovated primary bath. As part of the exclusive Canopy Collection, residents enjoy privileged access to the private 26th-floor Canopy Club, along with Five Park’s world-class amenities including two resort-style pools, state-of-the-art fitness center, spa, beach club, restaurant, concierge services, and more—all just moments from South of Fifth in Miami Beach’s newest iconic luxury tower.

What it costs to own
Estimated monthly payment
$87,009/mo
Principal and interest
$54,990
Property tax
$16,693
Homeowners insurance
$6,800
HOA
$8,526

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.

Florida cost of ownership
Estimated property tax
$200,312/yr

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.

HOA
$8,526/mo (from the listing)
FEMA flood zone
Lookup unavailable. Check the FEMA map
Hurricane evacuation zone
Lookup unavailable. Know your zone

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.

Florida condo safety laws

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.

Location
Location from the listing's MLS coordinatesMap data © OpenStreetMap contributors

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.