500 Alton Rd 1601, Miami Beach, FL 33139 — MLS photo

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500 Alton Rd 1601, Miami Beach, FL 33139

Active · Condominium

$3,999,999

500 Alton Rd 1601, Miami Beach, FL 33139

Beds
3
Baths
4
Living area
2,178 sq ft
$ / sq ft
$1,837/sq ft
Year built
2025
Lot size
—
HOA fee
$5,298
Annual tax
—

About this property

Where Central Park and South Beach collide. Welcome to Residence 1601. This thoughtfully designed home offers sweeping 180-degree views of the ocean, South of Fifth, and the bay and downtown skyline, all framed by floor-to-ceiling windows that fill the space with natural light. Spanning 2,187 SF of interior living space with an additional 900 SF wraparound terrace, the residence features curated upgrades including a Control4 smart home system and integrated sound throughout. Located within Five Park, South Beach’s newest luxury tower, residents enjoy an unmatched amenity package including a private beach club with house car transportation, resort-style pools, on-site restaurant, spa and sauna, state-of-the-art fitness center, two cinema rooms, world-class co-working lounge, children’s clubhouses, a two-acre park, and 24/7 concierge and doorman services. Perfectly positioned in South Beach, Five Park also offers the convenience of accessibility, just seconds from some of Miami’s top dining and lifestyle destinations.

Property location

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500 Alton Rd 1601, Miami Beach, FL 33139

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Facts & features

Interior

Bedrooms
3
Bathrooms
4
Living area
2,178 sq ft

Exterior & Structure

Property type
Condominium
Year built
2025

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$5,298
County
Miami-Dade
MLS listing ID
A12014864
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$19,499

Cap rate
-0.2%
Net yield
-0.2%
Cash-on-cash return
-20.9%
Gross yield
4.5%
Mortgage payment
$18,962/mo
Down payment
$1,000,000
Loan amount
$2,999,999
Annual NOI
-$6,440

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.