Five Park Miami Beach: South Beach Luxury Condo Buyer's Guide (2026)

Five Park Miami Beach at 500 Alton Road is the tallest residential tower on Miami Beach at 519 feet across 48 stories, the first ground-up condominium to complete on the island in more than a decade, and the anchor of a new three-acre public Canopy Park at the South of Fifth gateway. The building carries 227 residences across two associations, with a 50,000-square-foot amenity program and a signature pedestrian Canopy Bridge by French conceptual artist Daniel Buren linking the site to the South of Fifth neighborhood.

The project was developed by Terra, led by David Martin, and GFO Investments, led by Russell Galbut. Architecture is by Miami's Arquitectonica. Interiors are design-directed by Anda Andrei with residence and amenity work by Gabellini Sheppard, plus model residences by Meyer Davis. Landscape architecture at Canopy Park is by Dutch firm West 8 in partnership with ArquitectonicaGEO.

Five Park topped off at the end of 2023, closings began in November 2024, and the final penthouse closed in February 2026. Resale is now the active market.

View the Five Park building page for floor plans, current listings, and building details.

The Quick Take

Where is Five Park?

The building sits at 500 Alton Road, at the northeast corner of Alton Road and 5th Street, at the gateway to South Beach where the MacArthur Causeway lands on the island. In practical terms this puts the front door within a five-minute walk of:

• Joe's Stone Crab at 11 Washington Ave -- the century-old South of Fifth institution
• Prime 112, Smith & Wollensky, and the South Pointe Pier
• Macchialina, the Alton Road Italian anchor
• Publix at 1045 5th Street and the everyday South Beach retail block
• The MacArthur Causeway on-ramp -- 10 minutes to Brickell and Downtown Miami

Lincoln Road, the Faena District, the Miami Beach Convention Center, and the Bass Museum all sit 10 to 15 minutes north. The Miami Beach Marina is directly across Alton Road. The location combines walkable South of Fifth restaurants and beach access with a fast causeway exit off the island -- an unusual pairing in South Beach.

Who's Behind Five Park?

Two developers led the project:

Terra -- the Miami-based real estate firm led by David Martin. Terra has built a broad Miami portfolio including Grove at Grand Bay in Coconut Grove (Bjarke Ingels), 8701 Collins, Eighty Seven Park (Renzo Piano, Surfside), and The Well Bay Harbor Islands among others. Terra is one of the small group of Miami developers consistently attracting Pritzker-tier design partners.

GFO Investments -- Russell Galbut's Miami Beach-based real estate firm. GFO controlled the 500 Alton Road parcel dating back through the Crescent Heights-era portfolio and pivoted it into the Five Park development plan. Galbut is a long-time Miami Beach development figure with deep roots in the local zoning and civic process.

The two developers structured the project around two condominium associations sharing common amenities:

• The Park -- 132 residences on floors 8 through 25
• Canopy Residences -- 95 residences starting on floor 26 and running through the tower penthouses

The residence count between the two associations totals 227 homes.

Architecture and Design

Arquitectonica is the lead architect. Founded in 1977 in Coconut Grove by Bernardo Fort-Brescia and Laurinda Hope Spear, Arquitectonica is the Miami firm most responsible for the postmodern high-rise vocabulary the city is known for -- the Atlantis Condominium, the Kaseya Center (formerly American Airlines Arena), and Brickell City Centre are all firm projects. Five Park is Arquitectonica's tallest residential tower on Miami Beach.

The tower reads as a shifted mass: a rectangular volume broken by an offset upper block, with staggered terraces and a pale, blade-fin facade rhythm. Ten-foot ceilings run the standard residences; floor-to-ceiling glass runs the exposures. Residences deliver with private elevator access to the entry foyer.

Interior design is led by design director Anda Andrei, the former Ian Schrager Company creative director whose hospitality work spans dozens of hotels globally. Andrei coordinates the overall residential identity. Gabellini Sheppard -- Michael Gabellini and Kimberly Sheppard, whose retail work spans the Giorgio Armani flagships and Jimmy Choo -- designed the residence kitchens, master baths, and finished floor terraces. Their material palette leans on hand-applied silver leaf, warm walnut paneling, and marble counters. Meyer Davis contributed additional model residences.

Landscape at the accompanying three-acre Canopy Park was designed by Dutch landscape firm West 8 in collaboration with ArquitectonicaGEO. West 8, founded by Adriaan Geuze in Rotterdam in 1987, is one of the defining landscape practices in Europe -- their portfolio includes projects for Toronto's central waterfront and Governor's Island in New York.

The Canopy Bridge, at 158 feet long, is a permanent public art commission by French conceptual artist Daniel Buren. Officially titled Walking Along, Under, and On the Colors, the bridge uses translucent colored glass panels in Buren's signature stripe vocabulary and connects Five Park across 6th Street to the South of Fifth grid.

Residences at Five Park

The published configuration:

• 227 residences total across the two condominium associations
• The Park (floors 8-25): 132 units, primarily 1- to 3-bedroom layouts starting at approximately 1,434 sf
• Canopy Residences (floors 26 through the top): 95 units, primarily 2- to 5-bedroom layouts running to approximately 5,900 sf on standard inventory
• Penthouses on the upper Canopy floors ran up to full-floor configurations
• 10-foot ceilings
• Floor-to-ceiling glass and sliding doors
• Italian oak cabinetry, marble counters, Gaggenau appliances
• Spa-inspired bathrooms with Italian vanities and textured glass doors
• Private elevator access on upper-tier residences
• Panoramic ocean, bay, park, and Canopy Bridge views by exposure

Pricing at delivery ran roughly $1.5M to $10.5M on standard inventory. Three-bedroom residences transacted in the ~$3M-$9.25M range depending on floor and exposure. Four-bedrooms ran approximately $7.9M-$10.6M. The final penthouse closed in February 2026 at $18.5 million on the full-floor Lower Penthouse 02 -- roughly $3,053 per sf -- after being listed at $21 million. Earlier penthouse closings ran approximately $17.5M and $19.5M.

Aggregate reported sellout is near $1 billion.

Amenities

Five Park's amenity program spans roughly 50,000 square feet across ground level, the 5th-floor pool deck, the 26th-floor Canopy clubhouse, and the tower rooftop:

Pool and outdoor

• 5th-floor pool deck with adult pool, family pool, and sunset terrace
• Pool bar and cafe
• Direct connection to the ground-level Canopy Park
• Rooftop observation and terrace

Fitness and wellness

• Fitness center programmed by Anatomy, the South Beach wellness brand founded at 927 Lincoln Road
• Yoga studio and outdoor fitness area
• Wellness coach programming
• Spa with massage and treatment rooms
• Men's and women's relaxation lounges with saunas and rain showers

Residents' club and social

• 26th-floor residents' club with lounge, private dining, and food-and-beverage program
• Screening room
• Coworking suites with private offices and meeting rooms
• Children's learning lab and teens' club
• Sky lounge on the upper Canopy floors

Public integration

• 3-acre Canopy Park at grade -- open to the public, with a botanical garden, event lawn, kids' MONSTRUM playground, dog park, outdoor gym, art pavilion, and shaded gardens
• Canopy Bridge by Daniel Buren -- pedestrian connection to South of Fifth
• 158-foot-long, colored-glass bridge as a permanent Miami Beach public artwork

Service

• 24-hour concierge and valet parking
• Kids' programming and event calendar coordinated by the residents' club

How Five Park Compares to Other South Beach Condos

Five Park is the tallest and newest of the South Beach delivered luxury condos. The competitive frame in South Beach and Mid-Beach:

A few distinctions:

• Height and views. Five Park is the tallest residential building on the island. At 48 stories, its upper Canopy Residences carry an ocean-bay-city view combination unavailable in the older South of Fifth stack.
• Amenity square footage. 50,000 sf is materially larger than Continuum's original 1990s spec and rivals the mid-2020s new-development benchmark.
• The park is the differentiator. No other Miami Beach condo has three acres of public park with a Daniel Buren commissioned bridge as its front yard. Terra and GFO carved the park out of the site as part of the entitlement, and West 8 designed it.
• Location vs. Continuum. Both anchor the causeway-adjacent slice of South Beach. Continuum sits at the tip; Five Park sits at the causeway landing. Different exposures, different beach-vs-bay orientations.
• Not oceanfront. Five Park's frontage is Alton Road and Canopy Park, not the Atlantic. The beach is a five-minute walk east across 5th Street. Buyers who require sand-to-lobby product should stay in the South of Fifth oceanfront line.

The Neighborhood

Five Park sits at the intersection of three distinct South Beach zones:

South of Fifth -- the residential-oriented triangle south of 5th Street from the Atlantic to Government Cut. This is where Joe's Stone Crab, Prime 112, Milos Miami, South Pointe Park, and the South Pointe Pier live. The Continuum, Apogee, Portofino, and Murano towers are all here.

The Alton Road corridor -- 5th Street to Lincoln Road. Grocery, dining, and everyday South Beach retail. Macchialina, Amara at Paraiso, and Publix all sit within a few blocks.

Lincoln Road and the Convention Center corridor -- 10-minute walk or short drive north. Lincoln Road Mall, the New World Center, the Miami Beach Convention Center, and the Bass Museum.

Causeway access. The MacArthur Causeway on-ramp is directly across Alton Road at 6th Street. Downtown Miami and Brickell are 10 minutes over the bridge, Miami International Airport is 15-20 minutes via I-395, and the Design District and Wynwood are about 15 minutes north on Biscayne Boulevard.

For beach, the closest ocean access is South Pointe Park Pier (a five-minute walk east) and the South Beach oceanfront strand running north from 5th Street.

FAQ

What is Five Park Miami Beach?

Five Park is a 48-story, 227-residence luxury condominium at 500 Alton Road, the tallest residential tower on Miami Beach at 519 feet, completed in 2024. It was developed by Terra and GFO Investments, designed by Arquitectonica, and integrated with a three-acre public Canopy Park designed by West 8.

Who developed Five Park?

Terra, led by David Martin, and GFO Investments, led by Russell Galbut.

How many residences are there?

227 residences across two condominium associations -- The Park with 132 units on floors 8 through 25, and Canopy Residences with 95 units starting on floor 26.

Is Five Park still selling from the developer?

No. Closings began in November 2024, and the final penthouse closed in February 2026 at $18.5M. Availability is now on resale only.

Who designed the interiors?

Design direction is by Anda Andrei, formerly of Ian Schrager Company. Residence and amenity interiors are by Gabellini Sheppard (Michael Gabellini and Kimberly Sheppard), with additional model residences by Meyer Davis.

What is the Canopy Bridge?

The Canopy Bridge is a 158-foot pedestrian bridge by French conceptual artist Daniel Buren, formally titled Walking Along, Under, and On the Colors. It uses translucent colored-glass panels in Buren's signature stripe vocabulary and connects Five Park across 6th Street to the South of Fifth neighborhood.

What amenities does Five Park include?

Roughly 50,000 square feet across pool decks, an Anatomy-programmed fitness center with yoga studio, a full spa with sauna and rain-shower relaxation lounges, a 26th-floor residents' club with private dining and screening room, coworking suites, kids' and teens' club rooms, a rooftop sky lounge, and 24-hour concierge and valet. Residents also access the adjoining three-acre Canopy Park designed by West 8.

Is Five Park oceanfront?

No. The building fronts Alton Road and Canopy Park. The beach is a short walk east across 5th Street. Upper Canopy Residence floors carry direct ocean, bay, and Canopy Park exposures.

Bottom Line

Five Park is the tallest residential building on Miami Beach, the largest completed luxury delivery of the current cycle at 227 residences, and the first Miami Beach condo to arrive with a permanent public park and a Daniel Buren-commissioned bridge attached. Developed by Terra and GFO, designed by Arquitectonica, interior-directed by Anda Andrei with Gabellini Sheppard executing the residence work, it's a durable resale name at the causeway gateway to South Beach.

Want a Data-Driven Read on Five Park?

If you are evaluating a Five Park resale -- pricing, floor selection, exposure, or comp analysis against Continuum, Apogee, and the rest of the South of Fifth stack -- reach out to Kyle Benjamin, REHub Miami.

View the Five Park building page | Browse South Beach condos | Contact us

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Disclaimer: This article is for general informational purposes. Resale pricing, unit configurations, amenity access, and building rules can change over time. Verify all details directly with the association and current sales team before making any purchase decision.