Property Details
| Sold Price | $17,500,000 |
|---|---|
| Last Asking Price | $20,000,000 |
| Price per SqFt | $2,972 |
| Maintenance Fee | $15,120 Monthly |
| Property Taxes | Not yet assessed |
| Interior Space | 5,888 SqFt |
| Beds/Baths | 4/6½ |
| Year Built | 2024 |
| Closed Date | 7/15/2025 |
| MLS # | A11694331 |
Location
From the listing
One of the most remarkable residences in Miami - stunning lower Penthouse at Five Park, featuring 4 beds, 6.5 baths, office and media room. 11 ft+ ceilings. 5,888 sq ft of interior space, complemented by 1,868 sq ft of wraparound terrace. Sweeping views of magical sunsets over the Miami skyline, and sunrises over the Ocean. Open living space meticulously designed and detailed by Meyer Davis is equally suited for lavish entertainment and serene contemplation. Five Park is the newest luxury residential tower in Miami Beach, delivered Nov 2024. It offers its residents amenities including private beach club, 2 pools, gym, spa, on-site restaurant and the exclusive 26th floor Canopy Club. Most sought-after location due to proximity to restaurants, beach, parks etc.
Listed by Douglas Elliman
What It Costs to Own
Monthly, before a mortgage and insurance
Maintenance $15,120 a month. MLS figures, which may not be accurate.
Sales History for This Unit · Five Park PH 4702
Sales history is unavailable for this property
What Other Units Have Been Selling For at Five Park
35 units sold at Five Park in the last 12 months at an average of $2,053/SqFt
Below, the most recent sales most like this unit: units with the same bedroom count.
| Unit ⇅ | Sold Price ⇅ | % of Ask ⇅ | Closed Date ⇅ |
|---|---|---|---|
| — | $6,200,000$1,761/SqFt | 91% | 7/6/26 |
| 3903/3904 | $10,950,000$2,704/SqFt | 88% | 3/23/26 |
| 4201/05 | $12,950,000$1,911/SqFt | 93% | 3/13/26 |
| 3201 | $6,000,000$1,883/SqFt | 92% | 1/13/26 |
| 3901 | $6,862,500$2,154/SqFt | 95% | 9/18/25 |
| 3601 | $6,650,000$2,087/SqFt | 89% | 6/30/25 |
| 3701 | $7,300,000$2,291/SqFt | 92% | 4/29/25 |
| 4401 | $9,044,660$2,839/SqFt | 86% | 4/8/25 |
For a full analysis of past sales in this building, contact Mark Zilbert.
Listed by Douglas Elliman. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Miami Beach and throughout South Florida.
Ask Mark About This Listing
Five Park PH 4702, 500 Alton Rd · MLS A11694331 · Sold Jul 2025
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The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.
More at Five Park
At Five Park, 17 of 226 units are for sale and 35 sold in the last 12 months at an average of $2,053 per SqFt. PH 4702 sold at $2,972 per SqFt, above the building's average at the time. Figures compiled by Mark Zilbert, a Miami Beach real estate agent with ONE Sotheby's International Realty, from MLS records.