This note is a market-positioning read on Five Park in South Beach, Miami-Dade: status, pricing, and delivery evidence, set against what the verified record actually shows. This article is written to complement the project's own buyer guide on this site rather than repeat it. Every factual claim below carries a dated source, cited inline and opening in a new tab, and anything that could not be verified reads exactly "Contact for current information."
Where this project sits in the market
Five Park is a completed Condominium in South Beach, Miami-Dade , developed by Terra Group & GFO Investments. The building holds 226 (98 for sale) residences across 48, with 1-5 bedroom residences, park residences, canopy residences, penthouses. The developer attribution is verified against a dated public source (Official project website, verified November 2026). As with any new construction, the facts that matter most are the current ones: today's price list, today's availability, and today's timeline, all of which move as phases sell.
The verified record on this page shows the project as completed. The current status should be confirmed with the sales team before you rely on it. The completion evidence reviewed for this article points to Delivered 2024. See the citation (The Real Deal reporting, February 2026, verified November 2026).
Reported pricing for the project has been published from roughly ~$930K. The price band carries a dated citation (Resale listing data, verified November 2026). Published price-list dates are only reference points: the figures shown are the ones the cited sources recorded, and current pricing changes as phases sell. Contact for current information on today's price list.
The verified record
Each fact below is one this article could confirm against a dated, clickable source. Facts carry the verification date recorded with them (verified November 2026); where a fact could not be verified, this article says so plainly and reads "Contact for current information" rather than guessing.
- Developer, architecture and interiors Official project website , verified November 2026.
- 226 residences, 48 stories, Miami Beach's tallest tower Official project materials , verified November 2026.
- Delivered 2024; final penthouse closed February 2026 at $18.5M The Real Deal reporting, February 2026 , verified November 2026.
- Resale listings from ~$930K to $23.5M Resale listing data , verified November 2026.
What to confirm before you commit
The buyer-guide page for Five Park on this site walks the full spec sheet: floor plans, finishes, deposit structure, and the developer contract. This article deliberately does not repeat those details. Before any decision, confirm the items that always move:
- The current price list and any published price-list dates, including what is actually available at that price. Contact for current information.
- The deposit schedule and cancellation terms, confirmed in writing with the developer. Contact for current information.
- Monthly HOA or condominium fees, the reserve position, and any special assessments on the table. Contact for current information.
- Rental rules and any board approval or right of first refusal that applies to the building. Contact for current information.
- The current completion timeline and what happens if it slips. Contact for current information.
How it fits your strategy
Start with the full buyer guide for Five Park, then use the new construction directory to compare it against every other tracked project. The guide to buying new construction explains deposits, timelines, and incentives, the luxury homes overview positions it against the wider market, and the consultation page is where a private conversation about this project starts.
Nearby developments to compare
- The Ritz-Carlton Residences, Miami Beach , from ~$4.25m (official site range $4.25m-$28.75m for the 30 residences), South Beach. See the full buyer guide for current details.
- Shore Club Private Collection , current release ~$4.85m-$17.5m (launch pricing began around $6m), South Beach. See the full buyer guide for current details.
- 7200 Collins , from ~$550k up to roughly $2.5m-$2.7m for larger and upper units, North Beach. See the full buyer guide for current details.
Written by Kelby Contreras, Florida Luxury Real Estate. Prices, availability, and completion dates change frequently; confirm current terms before committing.
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