Updated July 2026. Five Park is finished and lived-in — this single guide replaces the launch-era coverage I published while it rose, all of which now points here.
The short answer: Five Park (500 Alton Road) delivered in 2024 as the tallest building in Miami Beach — 48 stories, 98 condominium residences by Russell Galbut’s GFO/Crescent Heights and Terra, designed by Arquitectonica. If you want in today, you are shopping the resale market — and that is not a consolation prize: resales here mean you can see actual finishes, actual views and the actual building culture before you buy, in the newest tower South Beach will see for years.
What you actually get
Full-floor and half-floor residences with sweeping bay, ocean and skyline exposure; a private residents’ club spanning two amenity floors; a park at the base (Canopy Park) with the sculptural pedestrian bridge to South of Fifth; and the location math of the Alton Road gateway — one bridge from mainland Miami, five minutes from South of Fifth dining. The building’s scale — just 98 homes in 48 stories — is the story: this is boutique density in a tower footprint.
The market picture in 2026
New-delivery buildings typically see a settling period as original buyers close and early resales price-discover. That is opportunity: motivated early resales in a building with no future competition at this height in Miami Beach. Miami-Dade’s broader condo market is a buyer’s market right now, which strengthens a patient buyer’s hand even in trophy product.
FAQ
Is Five Park Miami Beach completed? Yes — delivered in 2024. Purchases today are resales, not developer contracts.
How tall is Five Park? 48 stories — the tallest building in Miami Beach.
How many residences does Five Park have? 98 condominium residences, plus the private residents’ club and Canopy Park at the base.
Want current Five Park resale inventory and what units have actually closed for? Ask me or WhatsApp (305) 695-8257. See also: South Beach condos, Miami luxury condos, the 2026 pre-construction pipeline.
