Published by Peter Zalewski
12/5/2023 
12:50:23 PM Project Description:
Five Park unites timeless glamour with a new, multidisciplinary approach to development. The site pairs a soaring residential building — the tallest in Miami Beach — with an expansive three- acre public park, tasteful retail inclusion, and the creation of an art-inspired bridge that connects the community south of fifth into a walkable wonderland surrounded by Florida’s pristine waters. In addition to coastal surrounds, an ever-blue bay, and a carefully curated ecological park, Five Park offers a host of amenities that underscore the importance of living well and wellness itself. On-site work spaces, thoughtfully designed fitness areas, pools with sweeping views of Florida’s coastline, events and areas designated for families, and units designed to accommodate your every need invite you to embrace the transformative nature of a place like Five Park.
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CraneSpotters Preconstruction Condo Project Overview |
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| Condo Description | Details |
| PROJECT NAME | Five Park |
| ADDRESS | 500 Alton Road- Miami Beach FL 33139 |
| SUBMARKET | Miami Beach |
| COUNTY | Miami-Dade |
| WATERFRONT PROJECT | N |
| TYPE OF WATERFRONT? | |
| NUMBER OF TOWERS | 1 |
| TOTAL FLOORS (BY ELEVATOR) | 48 |
| TOTAL RESIDENTIAL UNITS | 98 |
| BED RANGE | 2 TO 5 |
| RANGE OF SQUARE FEET | 1,434 TO 6,000 |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 1 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 2 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 3 BED – XX – X,XXX SF |
| UNIT TYPE – TOTAL UNITS – SQUARE FEET | 4 BED – XX – X,XXX SF |
| MINIMUM PRICE PER UNIT | 2,5 Million |
| MONTHLY MAINTENANCE FEE PER UNIT | |
| MONTHLY MAINTENANCE FEE PER SQUARE FOOT | $ 1,90 |
| TURNKEY READY | Fully Finished No Furnished |
| PROPERTY AMENITIES | 6th Floor terrace, hammock area, children’s learning lab, residents only pool & cafe, Beach Club transportation, gym, spa & treatment rooms, club lounge, private dining room., |
| WATER VIEWS | |
| PETS PERMITTED | Yes |
| MAXIMUM NUMBER OF PETS | |
| RENTAL TIMES PER YEAR | 4 |
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| PROJECT STATUS | Under Construction |
| PRESALES UNDERWAY? | |
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| SCHEDULED CONSTRUCTION START | |
| SCHEDULED COMPLETION DATE | 2024 |
| YEAR COMPLETED | |
| DEVELOPER | Terra & GFO Investments |
| COUNTRY OF DEVELOPER | United States |
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| ARCHITECTURAL FIRM | Arquitectonica |
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Condo Market Inventory Tracker
A Snapshot Of Tricounty South Florida Region Of Miami-Dade, Broward And Palm Beach
| Databases | Active Listings | Months Of Supply |
|---|---|---|
| Condos | 24,016 | 10.2 |
| Luxury Condos | 3,740 | 15.1 |
| Shortsales | 30 | 15.0 |
| REOs | 126 | 6.6 |
| Rentals | 21,476 | 3.9 |
Peter Zalewski is a licensed real estate broker and consultant focused on the South Florida condo market. Zalewski is a former special contributor to the Miami Herald and a former real estate columnist for The Real Deal magazine. Zalewski now hosts the Miami Real Estate Investing Podcast that is available in audio and video wherever you get your podcasts.
Confused about whether it is the appropriate time to buy or sell a condo in South Florida? The experts at CVR Realty are here to assist you in crafting a strategy during this uncertain time. Unlike many brokers offering services, our organization has been through the cycles and can assist you to capitalize on the situation.
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