500 Alton # 2203, Miami Beach FL 33139 | Miami-Dade County | A11960280
- $4,290,000
- $4,290,000
Description
Never-lived-in, spacious 3 bedroom, 4 bathroom residence with 10 ft ceilings at Five Park – the newest luxury residential tower in Miami Beach. 2,335 sq ft of interior space, complemented by oversized balconies. Beautiful sunset views. Large walk in closet in primary bedroom, white oak Italian kitchen with quartzite countertops and Gaggenau appliances, marble primary bathroom with tub and separate shower, laundry room. Five Park is a full service luxury building, offering its residents all amenities including private beach club via house car, 2 pools, gym, spa, on-site restaurant and more. Most sought-after location in Miami due to proximity to restaurants, beach, parks, gyms etc. New building, opened in November 2024.
Property Overview
This is a 3-bedroom, 4-bath condominium of about 2335 square feet at 500 Alton # 2203, Miami Beach FL 33139 (Miami Beach 33139), listed at $4,290,000.
Monthly Costs, Stated Plainly
The monthly HOA fee is $5,303.
The tax of record is $71,697 (2025). As an ESTIMATE ONLY — Florida reassesses at sale — at this price and a Miami-Dade rate near 2.0%: without homestead, about $85,800/yr (≈ $7,150/mo); with the homestead exemption on a primary residence, about $84,800/yr (≈ $7,067/mo). Confirm with the Miami-Dade Property Appraiser and a tax professional — these are estimates, not quotes.
Frequently Asked Questions
What is the list price, and what typically conveys with a home like this?
The list price is $4,290,000. With a home like this, all fixtures and built-in appliances are expected to convey; however, the MLS record does not explicitly state whether the property is being sold furnished, so this requires specific verification.
The home includes membership access to community amenities such as the pool, exercise room, and business center. To confirm exactly what conveys with unit 2203, you should contact Christopher Lazaro, Miami Beach Real Estate Advisor, for a detailed review of the offering.
Where exactly is it, and what should I know about the location?
The property is located at 500 Alton Road in Miami Beach, Florida 33139. This places it within the city's coastal corridor on the western side of the island.
For a detailed discussion of the immediate neighborhood features and traffic patterns, please contact Christopher Lazaro, Miami Beach Real Estate Advisor, to confirm the specifics relevant to your lifestyle.
What are the HOA / association fees, and what do they cover?
The monthly HOA fee for this residence is $5,303. This assessment covers All Amenities as defined by the association's governing documents. It is also important to review city ordinances, which can be found in the Miami Beach Municipal Code, as they may impose additional regulations on the community.
For a complete breakdown of the HOA budget and specific rules, you should contact Christopher Lazaro, Miami Beach Real Estate Advisor, to obtain and review the official documentation.
What are the property taxes and homestead implications?
The tax of record is $71,697 for 2025. As an estimate only—Florida reassesses upon sale—at this $4,290,000 list price and a Miami-Dade rate near 2.0%, annual taxes would be approximately $85,800 without a homestead exemption, or about $84,800 with one. The homestead exemption lowers the taxable value, but only if this is your primary Florida residence.
These are preliminary estimates, not quotes. For precise figures, you must consult the Miami-Dade Property Appraiser and a tax professional. To proceed, contact Christopher Lazaro, Miami Beach Real Estate Advisor, for verification.
Is the home in a flood zone, and what does that mean?
The property is located in a high-risk flood zone, specifically FEMA Zone AE. This means there is at least a 1% annual chance of flooding, a standard lenders use to mandate flood insurance.
You can review the official FEMA definitions for flood zones and view the FEMA flood map for this address. For a precise assessment of insurance implications and cost estimates, contact Christopher Lazaro, Miami Beach Real Estate Advisor.
Are pets allowed?
Pets are allowed, with restrictions or possible restrictions. The MLS record for this condominium lists 'Restrictions Or Possible Restrictions', so we will need to pull the association's exact current pet rules for this specific unit on your request.
Separate federal accommodation rules apply for documented service animals or emotional support animals. To verify the precise regulations for 500 Alton # 2203, contact Christopher Lazaro, Miami Beach Real Estate Advisor.
How is the price set and is there room to negotiate?
The price was set using a comparative market analysis of similar recent sales in the building and vicinity. For broader context, Miami-Dade condos have recently been closing at 94% of list price, averaging about 64 days on market according to MIAMI REALTORS® data from May 2026.
Negotiation room on this $4,290,000 listing is informed by that market tempo and the specific unit's CMA. I recommend reviewing a current Miami Beach-specific CMA before determining an offer strategy. Please contact Christopher Lazaro, Miami Beach Real Estate Advisor, to verify the analysis and discuss your position.
What financing step do you recommend before touring?
I recommend securing a pre-approval from a Florida Licensed Mortgage Loan Originator before touring. This step clarifies your precise budget for a property like 500 Alton #2203, listed at $4,290,000, and strengthens your position.
Once you have that letter, contact Christopher Lazaro, Miami Beach Real Estate Advisor, to verify your readiness and schedule a viewing.
Monthly Fees & Carrying Costs
| Association Fee | $5,303 / month |
| Total Monthly Fees | $5,303 / month |
- Membership Required: No
- Application Fee: $150 (one-time)
Have a question about this Miami Beach listing?
Talk directly with Christopher Lazaro, your Miami Beach real estate advisor. No pressure — real answers.
Address
Open on Google Maps-
Address: Alton
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City: Miami Beach
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State/county: Miami-Dade County
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Zip/Postal Code: 33139
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Area: Five Park
Details
Updated on August 19, 2026 at 7:47 am-
Property ID A11960280
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Price $4,290,000
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Property Size 2335 Sq Ft
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Bedrooms 3
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Room 0
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Bathrooms 4
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Garages 2
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Year Built 2024
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Type Condominium
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Property Status Active, Residential
Additional details
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Flooring Marble, Tile
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Bedroom Features Entry Level
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Cooling Central Air
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Association Type Condo
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Building FIVE PARK
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Association Fee Frequency Monthly
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Area Five Park
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Annual Tax 71697
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Maintenance Fee Paid Per Monthly
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Association Yes
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Private Pool No
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Listing Terms All Cash, Conventional
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Waterfront No
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Full Bathrooms 4
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Subdivision FIVE PARK
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Total Stories 48
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Restrictions Ok To Lease
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Maintenance Includes All Amenities
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Parking 2 Or More Spaces
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Heating Central, Electric
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Structure Type Condo 5+ Stories, Condo
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Tax Year 2025
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Covered Spaces 2
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Unit Floor 22
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View Bay, Ocean View, Skyline
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Year Built Details New Construction
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Pets Allowed Yes
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Attached Yes
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Unit Number 2203
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Inclusions None
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Half Bathrooms 0
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Patio / Porch Open Balcony
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New Construction Yes
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Garage Spaces 2
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Style Condo 5+ Stories
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Association Fee 5303
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Lot Size (Sq Ft) 0
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Membership Purchase Required No
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