$18,500,000
501 West Avenue PH4701
Miami Beach, FL 33139
MLS# A11840802
Status: Closed
5 beds  |  7 baths  |  7923 sqft


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Property Description
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.

Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2025-07-15
Status: Closed
Original List Price: 21000000
Sold Price: $18,500,000
Current Price: $18,500,000
Occupant Type: Vacant
Location and Legal
Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 501
Street Name: West
Street Suffix: Avenue
Unit Number: PH4701
City Name: Miami Beach
Municipal Code: 2
State Or Province: FL
Postal Code: 33139
Postal Code +4: 7134
Postal Zip: 33139
Subdivision Name: Five Park Condo
Area: 2420
Elementary School: Miami Beach South Pointe
Middle Or Junior School: Miami Beach Nautilus
High School: Miami Beach
Parcel Number: 0242040160210
Subdivision Number: 16
General Property Information
Unit Floor #: 47
Property Sub Type: Condominium
Bedrooms Total: 5
Bathrooms Total: 7
Bathrooms Full: 6
Bathrooms Half: 1
Building Area Main: 7923
Living Area Main: 6060
Adjusted Area Main: 5500
Year Built: 2025
Garage YN: 1
Garage Spaces: 4
Covered Spaces: 4
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 48
Financial Information
Association YN: 1
Association Fee: 15120
Association Fee Frequency: Monthly
Application Required YN: Yes
Estimated Monthly Assoc Recurring Fee: 15120
Membership Fee Required YN: No
Tax Year: 2023
Tax Legal Description: FIVE PARK CONDO UNIT PH1 UNDIV 2.2918% INT IN COMMON ELEMENTS OFF REC 34492-3683
Status Change Information
Major Change Timestamp: 2026-01-30T05:00:00Z
Major Change Type: Status Change
Status Change Date: 2026-02-25
Under Contract Date: 2026-01-24
Close Date: 2026-01-30
Close Price: 18500000
Buyer Financing: Cash
Application Fee Details
Application Fee Required: Yes
Application Fee: 150
Entry Information
Entry Level: 1
Leasing Permitted Details
Leasing Permitted YN: Yes
Parking Information
Open Parking Spaces: 2
Leasing Restrictions
Leasing - Max Times Per Year: 2
Leasing - Minimum Number of Days: 180
Storm Protection
Impact Glass: Partial
Buyer Details
Intended Use: Unknown/Withheld
Concessions
Seller Concessions: No
Section Details
Parcel Number MLX: 0210
Originating Details
Originating System Key: 417978627
Originating System ID: M00000151
Property Features
Application Information: 1-2 Weeks Approval
Association Amenities: Maintenance
Exterior Features: Lighting
Flooring: Marble; Tile; Wood
Leasing Permitted Details: Okay To Lease
Parking Features: Valet
Property Condition: New Construction
Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Refrigerator; Washer
Cooling: Central Air
Association Type: Condominium
Heating: Central; Electric
Interior Features: Closet Cabinetry; Elevator; Kitchen Island; Walk-In Closet(s); Other
Listing Terms: Cash; Conventional
Pets Allowed YN: Yes
Pets Allowed: Pet Restrictions Possible
Possession: Close Of Escrow; Negotiable
Security Features: Elevator Secure; Key Card Entry; Lobby - Attended; Secured Garage/Parking; Security Guard; Security System
Tax Information: Other Exemption
Unit Description: Penthouse; High Rise
View: Skyline
Water View: Bay; Ocean
Showing Requirements: 24 Hour Notice; Call Listing Agent
Outdoor Living Spaces: Balcony
Balcony Details: Balcony - Open
Contingencies: Other

IDX
Listing Office: Douglas Elliman
Source MLS Verified

Last Updated: August - 28 - 2026

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.


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