Five Park is the Arquitectonica-designed tower at 500 Alton Road in South of Fifth, the southern tip of Miami Beach, set beside a new three-acre park and connected by the Daniel Buren-designed Canopy bridge to South Pointe Park, the Baywalk and the marina. Interiors are by Gabellini Sheppard, with Anda Andrei as design director.
The Park Residences, fully finished one- to three-bedroom homes, start at $1.25 million, which is unusual for South of Fifth. Start here before visiting the sales gallery, and I'll help you narrow the residences that make sense and show you how Five Park compares with the other Miami Beach options on your list.
Fully finished residences in South of Fifth, beside a new park and with their own beach club.
The Park Residences
| Address | 500 Alton Rd, Miami Beach |
| Residences | 1 to 3 bedrooms, fully finished |
| Sizes | About 878–2,300 SQFT |
| Starting From | $1.25 million |
| Next Door | Three-acre Canopy Park |
The Team
| Architecture | Arquitectonica |
| Interior Architecture | Gabellini Sheppard |
| Design Director | Anda Andrei |
| Park & Bridge | ArquitectonicaGEO; Daniel Buren |
| Sales Gallery | On site, 600 Alton Rd |
Starting price per the developer's website, October 2026. Pricing, plans and features are subject to change.
The Park Residences are delivered fully finished, with Gabellini Sheppard kitchens and baths, Italian-made cabinetry, stone counters and Gaggenau appliances. Ceilings reach 10 feet, glass runs floor to ceiling and every residence has a private terrace with views of the ocean, the bay or the park.
Five Park isn't on the sand, so the developer brought the beach to it: a dedicated beach club in South of Fifth with chairs, umbrellas and towel service, reached by electric Moke. At home there are adult and family pools, a planted amenity deck, a spa and gym, and a residents-only bar and café.
Outdoors
Wellness
Social & Work
Service
South of Fifth is Miami Beach's most walkable residential pocket, with its best-known restaurants, South Pointe Park and the beach all close together. Five Park's Canopy bridge links residents on foot to South Pointe Park, the Baywalk and the Miami Beach Marina, and the MacArthur Causeway to downtown Miami is right there.
"Five Park gives you a South of Fifth address and a serious design team at a price point that's hard to find in this neighborhood. You're not on the sand, but the beach club and the park make up for a lot of that. I'll help you compare the specific residences and views, because they vary a lot from line to line."
-Andy
You want the neighborhood's walkability at a lower entry price than the oceanfront towers.
A fully finished residence with full-service staff fits how you'll use it.
A park, playground, family pool and kids' club next door matter to you.
Probably not the right fit if direct oceanfront is a must or you want four or more bedrooms.
Get the current floor plans, pricing and availability, then let's look at which residences and views actually make the most sense for you.
The onsite sales team works directly for the development, and they know this property better than anyone. Alvarez Group's role is different. We give you independent guidance to help you evaluate Five Park alongside your other options, so you understand the residences, costs and timing before you commit.
Start here before visiting the sales gallery. I'd love to introduce you to Five Park, help you narrow the residences that make the most sense and show you how they compare with the other Miami Beach options worth considering.
New Construction Buyer Representation
You don't have to. The onsite sales team works directly for the development. Having your own advisor means having someone focused on you, who can compare the project with your other options and help you understand what you're signing.
No. On new developments, the developer pays my fee, not you. My role is to help you evaluate the options, negotiate the strongest price and terms possible and save you money along the way. You get independent guidance without adding to your cost.
I can give you the current picture on pricing, availability and floor plans, help you narrow the residences that make sense and show you how the project compares with others worth considering. When you're ready, I'll make the right introduction.
Before your first visit. You’re always allowed to have representation. The key is whether the developer will pay your agent’s fee. Most developers require your agent to register you before or during your first visit. If you tour the community on your own first, the developer may no longer agree to compensate an outside agent afterward.
Often no. Many developers have a registration policy that requires your agent to be registered before your first visit. Once you've toured on your own, the window can close.
Comparing projects and residences side by side, explaining the purchase agreement and deposit schedule, evaluating upgrades and incentives, and keeping the purchase on track from contract to closing.
Skipping key inspections, overpaying for upgrades that don't add resale value, missing incentives or credits, and overlooking community fees or restrictions that surface later in the process.
These contracts are written to protect the developer's interests. They're individually written and vary from project to project. I'll walk you through what matters. Consider having a Florida real estate attorney review the purchase agreement before signing.
Yes. I'm based in Southwest Florida and help buyers with new developments from Naples to Miami, Palm Beach and beyond.
Waterfront residences on Old Coast Road in North Naples, from about $4M. Tower 500 is the final tower, with fully finished four-bedroom homes and a 100,000-SQFT club.
Bayfront residences on Gulf Shore Blvd N in Naples, from $6.5M. Just 14 homes, each with a private elevator, garage and pool or spa, plus optional boat slips.
Completed high-rise residences at The Colony in Bonita Springs, from the mid $2Ms. Three- and four-bedroom-plus-den homes with Gulf views, ready to tour today.
Corner residences on Estero Bay inside West Bay Club, from $2.7M. Every home is a corner with Gulf or golf views, and delivery is planned for mid-2027.
New custom homes at Miromar Lakes Beach & Golf Club, from $1.2M. Beach estates, golf villas and coach homes in the community named #1 in the USA.
Four Seasons-serviced residences at Naples Beach Club in Old Naples, from about $7M. Golfside homes on a Tom Fazio course, steps from the beach and resort.
Beachfront estate residences on Gulf Shore Blvd N in Naples, from about $32M. Just 12 homes of about 10,000 square feet, each with 80 feet of Gulf exposure.
Waterfront residences on Gulf Shore Blvd N in Naples, from $3.7M. 51 homes in two eight-story buildings, with a private 16-slip marina on Doctors Bay.
Ritz-Carlton residences on Vanderbilt Lagoon in North Naples, from $4M. 128 homes in five boutique buildings, with a residents' club and an on-site marina.