Manhattan condos $1,629/sf ▴2%Manhattan co-ops $283K/room ▴5%Central Park perimeterPark Ave $478K/room ▴19%CPW $350K/room ▴5%Fifth Ave $501K/room ▴19%Billionaires' Row $4,272/sf ▴24%Tribeca $1,941/sf ▾2%
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The Roebling Index · Miami
Published by The Roebling Team at Compass · Licensed Real Estate Broker
Miami·South Beach·Condominium

Five Park

501 West Avenue, Miami Beach, FL 33139

South Beach

Folio 0242040160001

DevelopersTerra, GFO Investments
At a glance
Year built
2024
Residences
94
Floors
48
Height
500 ft
Building area
239,987 sq ft
Median residence
2,451 sq ft
FEMA flood zone
Zone AE · BFE 8 ft
Latest arms-length sale
$7,148,500 · Jun 2026
Median sale (10 yr)
$5,500,000
Recorded transfers
116

Five Park is a 94-residence condominium tower at 501 West Avenue, in South Beach, completed in 2024 by Terra and GFO Investments. It rises 48 floors and has a median residence of 2,451 square feet.

The recorded market runs to 105 arms-length sales since 2024, an annual turnover rate of 11.2 percent of the building over the past decade, and a median of $2,320 per square foot. Across 13 same-unit resales, 69 percent sold above their prior recorded price, with a median gain of 6 percent over a median hold of 1.1 years. The 105 sales since 2023 carry a median of $2,320 per square foot, close to the building's level across its whole record. Recorded deeds show 3 parties that acquired more than one residence in the building.

Recorded sales history

Recorded transfers for this building in Miami-Dade County public records, back to Nov 2024. Prices reflect the recorded consideration; transfers the Property Appraiser does not qualify as arms-length are shown unmarked. Nominal-consideration paper transfers (deeds into trusts and LLCs, estate and family transfers, corrective deeds) are part of the record but not sales, and are omitted from this table. Recording lags closing, so the newest sales can take several weeks to appear.

DateResidenceSizePriceArms-length
Jun 202645015,492 sf$7,148,500✓
Jun 202635032,441 sf$6,674,000✓
May 202636022,550 sf$6,175,000✓
May 202634051,707 sf$4,150,000✓
Mar 202628022,546 sf$5,950,000✓
Mar 202639033,701 sf$10,950,000✓
Mar 202642014,716 sf$12,950,000✓
Feb 2026PH15,500 sf$18,500,000✓
Jan 202636032,451 sf$6,750,000✓
Jan 202632012,979 sf$6,000,000✓
Dec 202539051,707 sf$3,735,000✓
Dec 202545025,446 sf$7,024,500✓
Dec 202533032,441 sf$6,500,000✓
Sep 202539012,987 sf$6,862,500✓
Aug 202540022,550 sf$7,595,000✓
Aug 202535022,546 sf$5,538,500✓
Aug 202537032,451 sf$6,700,000✓
Jul 2025PH25,422 sf$17,500,000✓
Jun 202536012,987 sf$6,650,000✓
Jun 202543041,218 sf$3,890,000✓
Jun 202529012,979 sf$6,500,000
Jun 2025LPH15,500 sf$14,850,000✓
Apr 202537012,987 sf$7,300,000✓
Apr 202530032,441 sf$7,000,000✓
Apr 202544041,218 sf$1,577,400✓
Mar 2025UPH25,369 sf$19,500,000✓
Mar 202534051,707 sf$3,500,000✓
Feb 202542022,550 sf$7,295,000✓
Feb 202530041,216 sf$2,640,000✓
Feb 202527012,979 sf$4,416,000✓
Feb 202541022,550 sf$7,000,000✓
Feb 202548015,545 sf$21,000,000✓
Feb 202529012,979 sf$5,500,000✓
Feb 202536041,218 sf$2,850,000✓
Feb 202536012,987 sf$6,500,000✓
Jan 202540051,707 sf$3,762,000✓
Jan 202540012,987 sf$7,512,000✓
Jan 202544051,707 sf$2,166,000✓
Jan 202527051,706 sf$3,410,000✓
Jan 202527022,546 sf$4,368,100✓
Jan 202532022,546 sf$5,350,000✓
Jan 202531022,546 sf$5,250,000✓
Jan 202544012,987 sf$3,504,600✓
Jan 202539033,701 sf$8,390,000✓
Jan 202534041,216 sf$2,600,000✓
Jan 202533012,979 sf$7,200,000✓
Jan 202532051,706 sf$3,652,300✓
Dec 202433041,216 sf$2,850,000✓
Dec 202436022,550 sf$5,750,000
Dec 202430022,546 sf$5,153,000✓
Dec 202429022,546 sf$5,068,400✓
Dec 202431012,979 sf$6,075,000✓
Dec 202441041,218 sf$3,175,000✓
Dec 202438041,218 sf$3,000,000✓
Dec 202432032,441 sf$4,950,000✓
Dec 202431051,706 sf$3,615,700✓
Dec 202437041,218 sf$3,095,000✓
Dec 202430012,979 sf$5,500,000✓
Dec 202443051,707 sf$4,000,000✓
Dec 202444032,451 sf$2,876,500✓
Dec 202438012,987 sf$6,930,000✓
Dec 202439051,707 sf$3,908,300✓
Dec 202436051,707 sf$4,000,000✓
Dec 2024LPH25,420 sf$17,254,000✓
Dec 202439012,987 sf$6,583,500✓
Dec 202437022,550 sf$5,665,000✓
Dec 202442014,716 sf$13,250,000✓
Dec 202442041,218 sf$3,075,000✓
Dec 202435014,694 sf$10,300,000✓
Dec 202428051,706 sf$3,400,000✓
Dec 202437032,451 sf$6,313,500✓
Dec 202429032,441 sf$4,425,000✓
Dec 202438022,550 sf$7,334,000✓
Dec 202435041,216 sf$2,772,000✓
Dec 202432041,216 sf$2,560,000✓
Dec 202440041,218 sf$3,000,000✓
Dec 202442032,451 sf$7,000,000✓
Dec 202433032,441 sf$5,400,000✓
Dec 202439022,550 sf$6,100,000✓
Dec 202428012,979 sf$5,250,000✓
Dec 202428022,546 sf$4,950,000✓
Dec 202438051,707 sf$4,100,000✓
Dec 202433051,705 sf$3,700,000✓
Dec 202429051,706 sf$4,159,300✓
Dec 202431041,216 sf$2,625,000✓
Dec 202436032,451 sf$6,300,000✓
Dec 202435032,441 sf$5,712,500✓
Dec 202427041,216 sf$2,530,000✓
Dec 202434012,979 sf$8,300,000✓
Nov 202443032,451 sf$7,000,000✓
Nov 202438032,451 sf$6,900,000✓
Nov 202441032,451 sf$6,700,000✓
Nov 202437012,987 sf$7,450,000✓
Nov 202432012,979 sf$6,550,000✓
Nov 202430051,706 sf$3,767,500✓
Nov 202429041,216 sf$2,525,000✓
Nov 202428032,441 sf$5,580,000✓
Nov 202444022,544 sf$3,223,000✓
Nov 202441051,707 sf$4,300,000✓
Nov 202437051,707 sf$4,400,000✓
Nov 202440032,451 sf$6,900,000✓
Nov 202427032,441 sf$4,000,000✓
Nov 202428041,216 sf$2,500,000✓
Nov 202443012,987 sf$9,000,000✓
Nov 202441012,987 sf$8,550,000✓
Nov 202431032,441 sf$4,730,000✓
Nov 202443022,550 sf$7,650,000✓

✓ = qualified arms-length per the Miami-Dade Property Appraiser. 9 nominal-consideration paper transfers omitted.

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Corey Cohen, Principal · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com

Building facts and sales records are compiled from Miami-Dade County public records (Property Appraiser) and reviewed against recognized architectural references. Figures are reported as recorded and may be updated as the county updates its records. This page is informational and is not an offer, solicitation, or valuation.