# Five Park

As of 2026-10-27, Five Park in South Beach has 15 units for sale at a median asking price of $3.45M ($2,257/sqft); 34 units sold in the last 12 months.

Five Park is a 55-floor, 132-residence condominium at 500 Alton in South Beach, Miami Beach, developed by Terra and completed in 2025, in FEMA flood zone AE.

## Key facts

| | |
|---|---|
| Address | 500 Alton |
| Neighborhood | South Beach |
| Year built | 2025 |
| Floors | 55 |
| Units | 132 |
| Waterfront | no |
| Developer | Terra & GFO Investments |
| For sale | 15 |
| Pending | 2 |
| Median asking price | $3,450,000 |
| Median asking $/sqft | $2,257/sqft |
| Sold, last 12 months | 34 |
| Median sold $/sqft, 12 months | $1,779/sqft |
| Months of inventory | 5.3 |
| Median HOA | $4,244/mo |
| Parking | The building offers valet services and some units include assigned parking spaces. |

## Own Miami measures

- **own.miami Building Score: 64 (B+)**
  - Value: 31 — $2,257/sqft — vs. South Beach condos, then all of Miami
  - Momentum: 23 — -8.2% $/sqft over 6 months
  - Liquidity: 72 — 5.3 months of supply · 48 days on market
  - Health: 100 — Verified records on file — nothing adverse
  - Waterfront: 55 — Not waterfront
  - Age: 96 — Built 2025 — vs. South Beach buildings
- **Own Miami Condo Index: 274** (premium; 100 = the market-median building, 200 = twice its $/sqft; rank 26 of 698 tracked Miami condos)
- **Financeability Index: 61** (good; 12-month window, 15 recorded mortgages, 31% of sales bank-financed, lowest down payment 10.1%, as of 2026-10-31; of the 32 recorded sales, 10 were resales and 22 developer closings)
- Special-assessment outlook: clear (next structural milestone inspection due 2050)

## Building health (verified public records)

- Public records checked 2026-10-28: no liens, lawsuits or regulatory complaints found
- positive: Bank financing — Regulated lenders recorded 13 purchase or refinance loans on this building in the last 12 months, financing 31% of its recorded sales, and accepted a down payment as low as 10.1%. A bank writing a condominium loan has just checked the building's reserves, insurance, litigation and owner-occupancy against its own standards — verified due diligence, read from the public record. Financeability Index 61/100. (2026-10-31)
- Legal & regulatory: 0 material cases active, 0 disputes active, 0 DBPR complaints (36 months) (2026-09-19)

## Frequently asked questions

**How much do condos at Five Park cost?**

There are 15 condos for sale at Five Park, from $930,000, with a median asking price of $3,450,000 ($2,257/sqft).

**How much are the HOA fees at Five Park?**

HOA / maintenance fees at Five Park run around $4,244 per month among units currently for sale; the exact fee varies by unit size and line, so confirm the current amount with the listing or the condo association.

**When was Five Park built?**

Five Park was built in 2025, 55 stories, 132 residences.

**Who developed Five Park?**

Five Park was developed by Terra & GFO Investments. Terra's own.miami Developer Score is A− across 17 buildings.

## Related pages

- [South Beach — neighborhood guide](https://own.miami/south-beach)
- [All units for sale at Five Park](https://own.miami/buildings/five-park/for-sale)
- [Milano Boutique](https://own.miami/buildings/milano-boutique)
- [Monad Terrace](https://own.miami/buildings/monad-terrace)
- [300 Collins](https://own.miami/buildings/300-collins)
- [Marea](https://own.miami/buildings/marea)

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Source: Own.Miami — https://own.miami · data as of 2026-10-27
Canonical page: https://own.miami/buildings/five-park
License: CC BY 4.0 — https://creativecommons.org/licenses/by/4.0/
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