Five Park, 500 Alton Rd #1601

$4.6M13%
$4,000,000
3
Beds
31/2
Baths
2,178
SqFt
Status
OFF MARKETExpired
Parking
2
Size
2,178 SqFt (202 m2)
Price
$1,837/SqFt ($19,769/m2)
Type
Condo
Built
2025
HOA
$5,298/MO
MLS Number
A11923113
View
Bay,Ocean
On Site
287 Days
Updated
158 Days ago
Page Views
0
NEW CONSTRUCTION ~Blt. 2025
New Construction is the listings in the subdivision built in the last 2 years and in most cases never been occupied.
PRICED BELOW DEVELOPER — A rare and time-sensitive opportunity. One of just 98 residences in Miami Beach's tallest tower, Residence 1601 is now offered at $4,000,000 — Below the original pre-construction purchase price — with over $350,000 in bespoke upgrades absorbed and a full year of professional design work built in. Custom millwork, Italian closet systems, tailored wall treatments, refined cove lighting, a fully integrated Control4 automation system, and floor-to-ceiling sheer drapery — every detail completed, move-in ready. The corner layout captures simultaneous Atlantic Ocean, Biscayne Bay, and Miami skyline views with wraparound terraces approaching 1,000 square feet — SUNRISES over open water, SUNSETS over the city. Five Park ownership includes a PRIVATE BEACH CLUB, resort pool deck, spa, fitness center, house cars, and butler-level service — all within walking distance of South Pointe Park, the marina, and South of Fifth's finest dining. The Fifth Street Pedestrian Bridge by world-renowned artist Daniel Buren arrives 2026, redefining walkability here. The best-valued turnkey residence in the building. SELLER IS SERIOUS, MOTIVATED AND READY TO MAKE A DEAL - this is the opportunity SERIOUS BUYERS have been waiting for.

Features

Bedrooms
  • Bedrooms: 3
Bathrooms
  • Bathrooms: 3
  • Half Bathrooms: 1
Exterior and Lot Features
  • Exterior Features: Balcony, SecurityHighImpactDoors
  • View: Bay,Ocean
Interior, Heating and Cooling
  • Interior Features: BedroomOnMainLevel, ClosetCabinetry, DiningArea, DualSinks, EntranceFoyer, HighCeilings, CustomMirrors, SeparateShower, WalkInClosets, Elevator, Bar
  • Equipment / Appliances: BuiltInOven, Dryer, Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Refrigerator, SelfCleaningOven, Washer
  • Heating Description: Central,Electric
  • Cooling Description: CentralAir,Electric
Building and Construction
  • Windows/Treatment: Blinds,Other,Sliding
  • Year Built: 2025
  • Year Built Description: Resale
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
  • Elementary School: South Pointe
  • Middle School: Nautilus
  • Senior High School: Miami Beach
Other Property Info
  • Garage: 2
  • Listing Date: 2025-12-02T07:08:27.000-00:00
  • Directions: East
  • Pets Allowed: Conditional,Yes
Taxes, Fees & More
  • Maintenance Includes: Amenities, CommonAreas
  • Taxes: 54652
  • Security Information: Other,SmokeDetectors
  • Parking Description: Guest, TwoOrMoreSpaces
  • Total Floors in Building: 48

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Price History

Current
$4M
High
$4.6M
Low
$4M
Total Change
-13%
$4.7M$4.3M$3.9MDec 25Feb 26Mar 26Apr 26
Date
Event
Price
Change
Price Per
04/02/2026
Price Reduced
$4M
-5.88%
$1,837 ft2
$19,769 m2
03/05/2026
Price Reduced
$4.3M
-2.86%
$1,951 ft2
$21,004 m2
02/02/2026
Price Reduced
$4.4M
-4.89%
$2,009 ft2
$21,622 m2
12/01/2025
Listed
$4.6M
 
$2,112 ft2
$22,734 m2
04/02/2026
$4M
Event
Price Reduced
Change
-5.88%
Price Per
$1,837 ft2
$19,769 m2
03/05/2026
$4.3M
Event
Price Reduced
Change
-2.86%
Price Per
$1,951 ft2
$21,004 m2
02/02/2026
$4.4M
Event
Price Reduced
Change
-4.89%
Price Per
$2,009 ft2
$21,622 m2
12/01/2025
$4.6M
Event
Listed
Price Per
$2,112 ft2
$22,734 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by David ShermanCompass Florida, LLC • Buyer Agency Compensation .

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Scores

Walk Score®
Walker's Paradise. Daily errands do not require a car
96

100
Transit Score®
Good Transit. Many nearby public transportation options
50

100
Bike Score®
Very Bikeable. Biking is convenient for most trips
84

100
Sound Score®
Very loud
60

100
Airport Score
Close to airports. Noticeable airport activity
0

100
Traffic Score
Heavy traffic at peak hours
54

100
Local Score
Limited local amenities nearby
2

100
Community Snapshot
1 – 3 BR
Bedrooms
$1.6M – $5M
Price Tier
731 - 5,888
SqFt Range
2024
Year Build
48
Total Floors

Subdivision Amenities

Beach Rights
Bike Storage
Cabana
Clubhouse
Community Kitchen
Elevators
Fitness Center
Hobby Room
Library
Playground
Pool
Sauna
Trash

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