500 Alton Road · South of Fifth, Miami Beach
Five Park Miami Beach Condominiums
The tallest residential tower on Miami Beach, and the first new ground-up condominium on the island in more than a decade.
The Building
Five Park Miami Beach at 500 Alton Road
Five Park is the newest and tallest address in the neighbourhood. Completed in 2024, the 48-story tower at 500 Alton Road rises roughly 519 feet, making it the tallest residential building on Miami Beach, and it was the first ground-up condominium completed on the island in more than a decade.
The building was developed by Terra and GFO Investments, with architecture by Arquitectonica, residences and amenity interiors by Gabellini Sheppard, and design direction by Anda Andrei. Its 227 residences are divided between two condominium associations — The Park on floors 8 through 25, and Canopy Residences from floor 26 upward — which means buyers should understand which association they are purchasing into. Around the base, a three-acre public park designed by West 8 and a pedestrian bridge commissioned from Daniel Buren give the project a civic dimension unusual for a residential tower.
Design and Architecture
Five Park is designed as a gateway rather than a wall. The elliptical tower is set back behind a three-acre park, so the building's public face is landscape; the Daniel Buren pedestrian bridge links the site to the surrounding neighbourhood; and the amenity programme is organised vertically, with the Canopy Club and its workspaces, fitness areas, and social spaces stacked into the building rather than fanned across a podium. The result is a tower that treats the street and the park as part of the project.
What Sets It Apart
Three things distinguish Five Park. It is the tallest residential building on Miami Beach at 48 stories and roughly 519 feet. It is the first ground-up condominium completed on the island in more than a decade. And it arrived with a three-acre public park and a commissioned pedestrian bridge by artist Daniel Buren at its base — a civic gesture no other residential building in the neighbourhood has made.
History
Five Park was developed by Terra, led by David Martin, and GFO Investments, led by Russell Galbut, with architecture by Arquitectonica, interiors by Gabellini Sheppard, and design direction by Anda Andrei. Completed in 2024, it was the first ground-up condominium delivered on Miami Beach in more than a decade, and it brought with it a three-acre public park designed by West 8 and a pedestrian bridge commissioned from the artist Daniel Buren.
At a Glance
- Address
- 500 Alton Road
- Neighborhood
- South of Fifth
- Developer
- Terra and GFO Investments (TCH 500 Alton, LLC)
- Architecture
- Arquitectonica, with interiors by Gabellini Sheppard, design direction by Anda Andrei, and park design by West 8
- Interior Design
- Gabellini Sheppard
- Completed
- 2024
- Stories
- 48
- Residences
- 227 (132 in The Park, 95 in Canopy Residences)
- Architectural Style
- Contemporary elliptical glass tower on a landscaped park, with a commissioned pedestrian bridge
- Residence Types
- Two- to five-bedroom residences of roughly 1,400 to 6,000 square feet, including two-story residences with private elevator entry and 20-foot ceilings
Building facts are compiled from developer, architectural, and public building records. Details such as rules, fees, and policies should be confirmed with the association or with Dan before you rely on them.
The Living Experience
Living at Five Park Miami Beach
Life at Five Park is organised around a large, vertical amenity programme and a park. The Canopy Club is a residents-only club; pools, a spa, indoor and outdoor fitness areas, a screening room, coworking and workspace facilities, a children's learning lab, and a teen club are spread through the building; and the three-acre park at the base serves as the building's front garden and as public green space for the neighbourhood.
Residences are generous and many are two-story, with private elevator entry and twenty-foot ceilings, which suits owners who want a house-like interior with tower views. As the island's newest building, everything is in current condition, and the address appeals to buyers who want new construction, deep amenity, and a walkable Alton Road position, as much as to families who need the on-site children's and teen spaces.
Who It Suits
Buyers who want new construction with a deep amenity programme — wellness, workspace, and family facilities in one building — and who value being able to walk to Alton Road, the park, and the beach. It suits families and full-time residents as well as buyers who want a large, house-like residence with tower views and private elevator arrival.
Amenities and Services
Within the Building
- —More than 50,000 square feet of amenity space
- —The Canopy Club, a residents-only members club
- —Resident pool and pool decks
- —Spa and wellness facilities
- —Indoor and outdoor fitness areas with programmed training
- —Screening room
- —Coworking and on-site workspace facilities
- —Children's learning lab and teen club
- —Private beach club
- —Residents' porte-cochère arrival
Shared Across the Development
- —Amenity areas serving both The Park and Canopy Residences associations, including pool decks, spa, fitness, and the Canopy Club
Nearby in the Neighborhood
- —Canopy Park, the three-acre public park at the building's base, designed by West 8
- —The Daniel Buren pedestrian bridge linking the site to the surrounding neighbourhood
- —Alton Road and West Avenue shops, cafés, and restaurants
- —The beach and Ocean Drive to the east
- —South Pointe Park and Miami Beach Marina
Amenities shared across the development are provided by the wider residential community rather than the individual tower. Nearby destinations are public or independently operated, and are not owned, operated, or guaranteed by the condominium association. Amenity access and hours can change and should be confirmed before purchase.
The Residences
Residences and Interior Features
Five Park's residences are new construction with a contemporary interior language by Gabellini Sheppard: open plans, large windows, and generous outdoor space. They range from approximately 1,400 square feet to around 6,000 square feet in two- to five-bedroom configurations, and a number of residences are two-story homes with private elevator entry and twenty-foot ceilings — a typology the neighbourhood's older towers do not offer.
The building comprises two associations, The Park and Canopy Residences, and layouts, floors, views, and finish levels differ between them and across lines. Individual owners have also made their own changes since 2024 delivery, so features should be verified for the specific residence rather than assumed.
Residence types at Five Park Miami Beach: Two- to five-bedroom residences of roughly 1,400 to 6,000 square feet, including two-story residences with private elevator entry and 20-foot ceilings
The Location
Location and Neighborhood Lifestyle
Five Park stands at 500 Alton Road, at the gateway between South of Fifth and West Avenue — its position beside the MacArthur Causeway approach makes it the first building many drivers pass on entering Miami Beach. The three-acre park at its base and the Daniel Buren bridge across the canal connect the site to the surrounding blocks, and Alton Road's shops and services are immediately at hand.
The beach and Ocean Drive lie east across the neighbourhood, South Pointe Park and Miami Beach Marina are to the south, and the causeway puts downtown Miami, the Design District, and the airport within an easy drive — the most convenient position in the district for owners who spend time on the mainland.
Ownership
Buying, Selling, and Ownership Considerations
As the neighbourhood's newest building, Five Park's resale market is still forming. Buyers have a genuine choice of association — The Park or Canopy Residences — and the differences between them matter: floor position, residence sizes, views, and the fee structures of two separate condominium documents should all be reviewed before purchase.
New construction also means most residences have not yet traded, so comparable sales are limited and each listing tends to set its own benchmark. Builder warranty coverage, current association budgets, and any remaining developer-held inventory are worth understanding as part of the decision, along with the practical reality that a 48-story building with 227 residences carries more internal competition than a boutique address.
Rental and Pet Policies
Rental terms and pet policies at Five Park are set by each association and are still relatively new. Minimum lease terms, pet limits, and approval requirements should be confirmed for the specific association — The Park or Canopy Residences — before purchase.
Association fees, assessments, rental terms, and building rules change and vary by unit and by association. Nothing on this page is a substitute for reading the current governing documents, estoppel, and budget, which Dan can help you request.
The Market
Available Residences at Five Park Miami Beach
Live inventory for Five Park Miami Beach is not available on the site yet. Contact Dan for current and off-market availability in the building.
Speak with DanQuestions Buyers Ask
Five Park Miami Beach: Frequently Asked Questions
Where is Five Park located?
500 Alton Road, Miami Beach, at the gateway between South of Fifth and West Avenue, beside the MacArthur Causeway approach.
How tall is Five Park, and how many residences does it have?
It is 48 stories and roughly 519 feet — the tallest residential building on Miami Beach — with 227 residences divided between two associations: The Park on floors 8 to 25 and Canopy Residences from floor 26 upward.
Who developed and designed Five Park?
It was developed by Terra and GFO Investments, with architecture by Arquitectonica, interiors by Gabellini Sheppard, design direction by Anda Andrei, and park design by West 8. It was completed in 2024.
What amenities does Five Park offer?
More than 50,000 square feet of amenity space, including the residents-only Canopy Club, pools and pool decks, spa and wellness facilities, indoor and outdoor fitness areas, a screening room, coworking and workspace facilities, a children's learning lab and teen club, a private beach club, and porte-cochère arrival.
Is Five Park oceanfront or bayfront?
Neither in the traditional sense. It sits on Alton Road overlooking the park it created, with bay and ocean views from higher floors. The building has a private beach club, and the beach is east across the neighbourhood.
What are the rental and pet policies at Five Park?
Each association sets its own terms, and both were recently adopted. Confirm minimum lease terms, pet limits, and approval requirements for The Park or Canopy Residences before purchase.
Are there residences for sale or rent at Five Park now?
Live availability appears in the Available Residences section of this page when inventory is showing in the MLS feed. With a new building, available inventory can include both resales and any remaining developer offerings — contact Dan for the current picture.
Related Buildings
Other Notable Addresses in South of Fifth
A Private Consultation
Considering Five Park Miami Beach?
Contact Dan Rascon for current availability, recent comparable sales in the building, and an honest assessment of how Five Park Miami Beach compares with the rest of South of Fifth.