The project
Five Park is the tallest residential tower in Miami Beach: a 48-story building at 500 Alton Road in the South of Fifth district, developed by Terra Group and GFO Investments with architecture by Arquitectonica and interiors by Gabellini Sheppard. The tower opened for occupancy in December 2024.
The building pairs 226 residences (98 condominiums and the remainder rentals) with a wellness-focused amenity program designed by the founders of Equinox, delivered product with no construction timeline. Buyers purchase immediate-occupancy residences here.
Project snapshot
Five Park at a glance.
The facts below are drawn from this guide and from the developer's published materials. Where a fact is not verified, the page says so plainly rather than guessing.
- Location / County
- Miami Beach (South of Fifth), Miami-Dade County
- Residence types
- 2-5 bedroom condos; penthouses
- Status
- Completed
- Estimated completion
- Delivered 2024
- Published pricing
- Resale from ~$930K
- Developer
- Terra Group & GFO Investments
- Rental restrictions
- Contact for current information
Information reviewed October 2026. Prices, availability, and completion dates change frequently. Confirm current terms with the developer or a licensed advisor.
- Developer, architecture and interiors: Source: Official project website, verified October 2026
- 226 residences, 48 stories, Miami Beach's tallest tower: Source: Official project materials, verified October 2026
- Delivered 2024; final penthouse closed February 2026 at $18.5M: Source: The Real Deal reporting, February 2026
- Resale listings from ~$930K to $23.5M: Source: Resale listing data, verified October 2026
Sources consulted for this guide
- Five Park official website
- The Real Deal final penthouse sale, February 2026
- 2026 resale buyer guide
Source links open in a new tab and are provided for verification only. Facts carry the verification date recorded above; prices, availability, and timelines change and require sales-gallery confirmation.
Verified facts carry the source links above, each pointing to the original public source where one is available. Everything else on this page is marked Not verified or Contact for current information. This page never hosts or hotlinks external files, renderings, brochures, or floor plans; where a document exists only on the developer's site, the source link above is the reference.
At a glance
Five Park in South Beach, in numbers.
County
Miami-Dade
City
Miami Beach
Neighborhood
South BeachDeveloper
Terra Group & GFO Investments
Address
500 Alton Road, Miami Beach (South of Fifth)
Price range
Resale from ~$930K
Starting price
~$930K (resale)
Residences
226 (98 for sale)
Floors
48
Sales availability
Primary sellout; final penthouse closed February 2026 at $18.5M; resale market active
Est. completion
Delivered 2024
Residence types
1-5 bedroom residences, Park Residences, Canopy Residences, Penthouses
Construction status
Completed
Property category
Condominium
Design & architecture
Arquitectonica (architecture); interiors by Gabellini Sheppard
Official website
Official project siteGallery
Renderings and interiors.
Developer renderings and interior imagery are updated as phases release. Current documents are shared privately with registered buyers.
Interior renderings on request
Floor plans on request
Pricing & availability
What Five Park costs today.
The advertised starting price is the developer's published entry point. Available units, real pricing bands, and incentives change as phases sell, so we confirm current terms with the sales team before you commit capital.
- Advertised starting price
- ~$930K (resale)
- Published price range
- Resale from ~$930K
- Available units / sales status
- Primary sellout; final penthouse closed February 2026 at $18.5M; resale market active
- Price by bedroom configuration
- Original developer pricing from ~$1.4M for one-bedrooms; resale listings run from ~$930K to $23.5M
- Penthouse pricing
- Final penthouse closed February 2026 at $18.5M
- Deposit schedule
- As a delivered building, purchases are closings with traditional financing, typically 10% to 20% down or all cash.
- Developer incentives
- Contact for current information
Current pricing sheet for Five Park.
Price lists, deposit schedules, and any developer incentives are shared privately with registered buyers after the sales team confirms today's numbers.
Request current pricingWhere a number is not published on this page, the row reads Contact for current information rather than guessing. Never treat an advertised starting price as the price of a specific available unit.
Architecture & residences
The building and residences at Five Park.
The building profile below records what this page verifies about the tower and its residences: floor counts, unit mix, dimensions, finishes, and views. Anything the page does not state is marked Not verified rather than guessed. Layouts, dimensions, and pricing change as phases sell, so current floor plan documents, view matrices, and availability are shared with registered buyers.
- Towers / floors
- 48
- Total residences
- 226 (98 for sale)
- Residence types
- 1-5 bedroom residences, Park Residences, Canopy Residences, Penthouses
- Square footage
- Two Bedroom: ~1,434 sq ft; Three & Four Bedroom: ~2,000-3,400 sq ft; Five Bedroom & Penthouses: ~4,000-6,000 sq ft
- Ceiling heights
- Not verified
- Finishes
- Not verified
- Kitchens
- Not verified
- Baths
- Not verified
- Smart-home features
- Not verified
- Parking & storage
- Not verified
- Views
- Ocean, bay and Miami Beach skyline views from the South of Fifth district
The floor plans at Five Park.
Layouts, dimensions, and pricing change as phases sell. We share current floor plan documents, view matrices, and availability with registered buyers.
Two Bedroom
2 bedroom · ~1,434 sq ft
Resale from about $930K to $1.5M.
Three & Four Bedroom
3-4 bedroom · ~2,000-3,400 sq ft
Corner layouts with ocean, bay, and skyline views.
Five Bedroom & Penthouses
5 bedroom · ~4,000-6,000 sq ft
Crown residences up to about $23.5M.
Full floor plan documents, view matrices, and current availability are shared privately with registered buyers.
Request floor plansAmenities & lifestyle
The amenity program at Five Park.
The list below records every amenity this page verifies for the project. Where the status of an amenity is not documented on this page, confirm with the sales team whether it is planned or already operating before you rely on it.
Wellness amenities designed by Equinox founders
Two-acre private park at the base
Resort pool and spa facilities
Fitness center and recovery suites
Grand lobby and 24-hour staff
Frost Museum of Science and bayfront adjacent
Construction & completion
Where Five Park stands today.
Completion dates on new construction are estimates, not promises: they shift with permitting, financing, and the pace of the build. Announced milestones below are the ones this page records; anything unverified is marked plainly, and the current timeline should be confirmed with the developer before you plan around it.
- Construction status
- Completed
- Estimated completion
- Delivered 2024
- Announced milestones
- Delivered 2024, closings began November 2024; final penthouse closed February 2026 at $18.5M; 217 of 226 units recorded sales with 21 resales as of September 2026
Estimated completion is the developer's target as recorded on this page and is not a verified delivery date. Where the timeline is not verified, current scheduling requires confirmation with the project's sales team.
Location & neighborhood
Where Five Park sits.
Address, neighborhood position, and nearby attractions below are recorded from this page's own project notes. Drive times, walk scores, and ratings are never invented on this site; where they are not documented here, the community guide is the best next step.
- Street address
- 500 Alton Road, Miami Beach (South of Fifth)
- City
- Miami Beach
- County
- Miami-Dade
- Neighborhood
- South Beach
- Position & nearby
- South of Fifth at 500 Alton Road; a two-acre private park at the base, adjacent to the Frost Museum of Science and the bayfront
- Transport notes
- Not stated on this page
Community guide
South Beach
Explore South Beach living, dining, and market context in the full community guide.
Explore the areaInvestment analysis
Why Five Park matters to luxury buyers.
Why buyers are drawn
Five Park delivers the wellness-brand lifestyle in Miami Beach's most walkable district, South of Fifth, as the tallest building on the island and a completed tower with immediate occupancy.
Market context
South of Fifth has matured into one of Miami Beach's tightest luxury submarkets, and Five Park's combination of height, wellness amenities, and bayfront park position gives it a distinct resale profile.
Deposit structure
As a delivered building, purchases are closings with traditional financing, typically 10% to 20% down or all cash.
Appreciation outlook
The tower's height protects against blockage and its wellness program differentiates it in resale. We compare every unit against recent Five Park and South of Fifth closings before advising.
Ownership considerations
What to know before you commit.
General guidance for new construction buyers. Building-specific details are marked "Not verified" where they have not been confirmed for this project.
- Short-term rental policy
- Not verified on this page; rental rules are confirmed in the governing documents before you commit
- Minimum rental period
- Not verified
- Leasing / owner-occupancy rules
- Not verified; confirm current leasing and occupancy terms with the sales team
- HOA / condo fees
- Not published on this page; request the current budget before you commit
- Financing notes
- Not verified on this page; the deposit schedule above records the financing model this page states for the project, and loan terms are confirmed before contract
Closing costs
Florida buyer closing costs typically include title insurance, lender fees, county recording charges, prorated property taxes, and Florida documentary stamp tax on the purchase price. The exact figure for this building is not published on this page, so confirm the current estimate before you sign. Not verified.
Not verified
HOA and condo fees
New towers typically assess monthly HOA or condominium fees covering common areas, amenities, insurance, and building staff, with special assessments possible for capital projects. Monthly fees and assessment history for this project are not published on this page; request the current budget. Not verified.
Not verified
Deposit process
Pre-construction purchases in Florida commonly require staged deposits across contract, groundbreaking, and closing milestones, held in escrow. The exact schedule for this project should be confirmed in writing with the developer before you commit. Not verified.
Not verified
Flood and wind insurance
Coastal properties carry flood and windstorm insurance requirements that can add meaningfully to monthly carrying costs, and premiums have risen across Florida. The current premium profile for this building is not published on this page; confirm with an insurance advisor. Not verified.
Not verified
Buyer questions
Five Park, answered.
Pricing, deposits, timelines, the developer, and the investment case, answered directly. For the broader picture on South Florida new construction, browse the full FAQ hub.
New Construction South Florida FAQsIs Five Park Miami Beach complete?
Yes. The 48-story tower opened for occupancy in December 2024 as Miami Beach's tallest residential building, and residences are move-in ready.
What are the current prices at Five Park?
The for-sale condominiums launched from $1.25M, and current resale listings range from roughly $930,000 to about $23.5 million for penthouses.
How many residences are in Five Park?
The tower holds 226 residences, of which 98 are condominium residences from two to five bedrooms; the remainder are rental apartments.
Is Five Park a good investment?
The case pairs a completed wellness-branded tower with the tight South of Fifth market. We price every candidate against recent closings in the building and district before advising.
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Request pricing & floor plans for Five Park.
Tell us the floor plans and views you are considering, and we will respond with current availability, pricing, deposit structure, and the contract terms that matter before you commit. Complete discretion, no obligation.
Current availability and pricing across the project
Deposit structure and contract terms, negotiated for you
Honest comparison against the resale market
Request pricing & floor plans: Five Park
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