Condo in 501 West Ave PH4701 Miami Beach with MLS# A11840802

The LAST remaining Penthouse at Five Park Miami Beach. Fully furnished (price reflects unfurnished) residence featuring 5 beds + media room with 6.5 baths, 11 ft+ ceilings. 6000 sq ft of interior space, complemented by 1,868 sq ft of wraparound terrace. Sweeping views of magical sunsets over the Miami skyline, and sunrises over the Ocean. Open living space meticulously designed and detailed by Meyer Davis is equally suited for lavish entertainment and serene contemplation. Five Park is the newest luxury residential tower in Miami Beach, delivered Nov 2024. It offers its residents amenities including private beach club, 2 pools, gym, spa, on-site restaurant and the exclusive 26th floor Canopy Club. Most sought-after location due to proximity to restaurants, beach, parks etc.

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Days on the market

501 West Ave PH4701, Miami Beach, FL 33139

Price
Price:
$21,000,000.00
Original List Price:
$21,000,000.00
Close Price:
$18,500,000.00
Transaction closed on:
January 30, 2026
More Listings Same Building:
Five Park in 501 West Ave Miami Beach
Property Status and Type
Listing Type:
Sold
Status:
Closed
Contingency:
Other
Listing Category:
Residential
Property Type:
Condominium
MLS Number:
A11840802
Description of Last Important Update:
Closed
Last Major Update on:
February 25, 2026 2:37 pm
Rooms Distribution
Bedrooms:
5
Bathrooms Total:
7
Full Bath:
6
Half Bath:
1
Measures
Living Area:
6,060 Sqft
Built-Up Area:
7,923 Sqft
Lot Size Unit:
Square Feet
Property Features
View from the Property:
Ocean, City, Bay
Waterfront:
No
Swimming Pool Features:
Association
Security:
Door Man, Key Card Entry, Security Guard, Elevator Secured, Lobby Secured, Secured Garage/Parking, Door Man
Appliances:
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Electric Range
Interior:
First Floor Entry, Walk-In Closet(s), Closet Cabinetry, Kitchen Island, Bedroom On Main Level, Bar, Elevator
Exterior:
Balcony, Security High Impact Doors
Patio and Porch:
Balcony, Open
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central, Electric
Building:
Exterior Lighting
Construction
Year Built:
2025
Year Built Details:
New Construction
Architectural Style:
High Rise, Penthouse, High Rise
Entry Level (floor):
47
Entry Level Location:
47
Flooring:
Tile, Wood, Marble, Hardwood
Number of stories:
48
Taxes and Expenses
Tax Annual Amount:
$0.00
Tax Year:
2023
Association Fee:
$15,120.00
Association Fee Frequency:
Monthly
Property Tax Status:
Tax Reflects Other Tax Exemption
Parking
Garage
Garage Spaces:
4
Covered Spaces:
4
Parking Features:
Two Or More Spaces, Valet
Community
Pets Allowed?:
Yes, Conditional
Amenities Provided by the Homeowner's Association (HOA):
Business Center, Pool, Sauna, Bike Storage, Cabana, Other, Playground, Elevator(s), Fitness Center
Subdivision Name:
Five Park Condo
Association Fee Includes:
Amenities
Complex Name:
Five Park
Senior Community:
No
Development Status:
New Construction
Restrictions:
Okay to Lease
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Occupant Type:
Vacant
Buyer Possession:
Close Of Escrow, Closing And Funding
Lease Considered:
No
Zoning and Legal
Tax Legal Description:
FIVE PARK CONDO UNIT PH1 UNDIV 2.2918% INT IN COMMON ELEMENTS OFF REC 34492-3683
Real Estate Folio Number (Parcel Number):
02-42-04-016-0210
Listing History
Originally published on:
July 15, 2025 3:42 pm
Active on the market since:
July 15, 2025
Price change occurred on:
July 15, 2025 12:25 pm
Listing Status Last Changed On:
February 25, 2026 2:37 pm
Photos updated on:
July 15, 2025 8:05 pm
Last Modified:
February 25, 2026 7:37 pm
Additional Information
Unit View:
Bay, Ocean View, Skyline View
Housing Older Persons Act:
No HOPA
Unit Design:
High-Rise, Penthouse
Type of Association:
Condo
Minimum Number of Days per Lease:
180
Type of Governing Bodies of the Association:
Condominium
Pet Fee:
$100.00
Number of Times Leased per Year:
2
Application Fee:
$150.00
Style:
Condo 5+ Stories
Municipal Code:
2
Subdivision Number:
16
Buyer Countryof Residence:
Unknown/Withheld
Courtesy of:
Douglas Elliman
Attribution:
Not provided
Location
Street Name:
West Ave
Street Number:
501
Unit Number:
PH4701
City:
Miami Beach
State:
Florida
Zip Code:
33139
County:
Miami-Dade
Latitude:
N25° 46' 28.3''
Longitude:
W81° 51' 30.5''
Property Map

Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $63,368
Median Home Value $480,500
Median Rent $1,745/mo
Median Age 42
Population 34,406

Air Quality

Source: AirNow.gov · Miami

🌬️ Air Quality Index (AQI) 50 Good
☀️ O3 45 Good
🫁 PM2.5 50 Good

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Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available. Properties may be listed or sold by various participants in the MLS.