Atlantic Luxury Advisors
500 Alton Rd #1001 photo 1500 Alton Rd #1001 photo 2500 Alton Rd #1001 photo 3500 Alton Rd #1001 photo 4500 Alton Rd #1001 photo 5

46 photos

500 Alton Rd #1001

Miami Beach, FL 33139

$3,745,000
3
3.5
2,178 sq ft
2024
2 car
Condominium
$5,251/mo
Yes
0
Active

Listing courtesy of Douglas Elliman (Anca Mirescu). Contact: [email protected].

About this home

Spacious and light-filled corner 3 bedroom, 3.5 bathroom residence with 10 ft ceilings at Five Park - the newest luxury residential tower in Miami Beach. Offering 2,178 sq ft of interior space, complemented by 900+ sq ft of wraparound terrace, the residence enjoys beautiful sunrise and sunset views over South of Fifth, the Ocean and the Bay. The open living space features three walls of windows, and a white oak Italian kitchen with quartzite countertops and Gaggenau appliances. The primary suite offers a generous walk-in closet and a marble bathroom with separate tub and shower. The residence is outfitted with custom ripple fold sheer curtains throughout, and electric blackouts and California Closets in the bedrooms. Five Park offers a full suite of luxury amenities, including a private beach club accessible via house car, two pools, a state-of-the-art gym and spa, on-site restaurant and more. Ideally located at the gateway to South of Fifth (SoFi), residents are moments away from restaurants, beach, parks, gyms and everything that makes this one of Miami Beach's most desirable neighborhoods. Completed in November 2024, Five Park offers the rare opportunity to live in a brand new building in a most sought-after location.

What it costs to own
Estimated monthly payment
$32,237/mo
Principal and interest
$18,937
Property tax
$5,707
Homeowners insurance
$2,342
HOA
$5,251

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
$68,484/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.

HOA
$5,251/mo (from the listing)
FEMA flood zone
Zone AE, special flood hazard area

Inside the 1% annual chance floodplain. Lenders require flood insurance on a financed home; ask for the elevation certificate.

Hurricane evacuation zone
Zone B: ordered to evacuate for Category 1 hurricanes and stronger.

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.

Location

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. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.