501 West Avenue PH4701, Miami Beach, FL 33139

$18,500,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11840802

Property Type: Residential Bedrooms: 5 Baths: 7 Square Footage: 7,923 Status: Closed

Current Price: $18,500,000 List Date: 7/15/2025 Last Modified: 2/25/2026

Overview

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.

Listing Details MLS# A11840802

General Property Information

Unit Floor #: 47
Property Sub Type: Condominium
Bedrooms Total: 5
Bathrooms Total: 7
Bathrooms Full: 6
Bathrooms Half: Yes
Building Area Main: 7923
Living Area Main: 6060
Adjusted Area Main: 5500
Year Built: 2025
Garage YN: Yes
Garage Spaces: 4
Covered Spaces: 4
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 48

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

Contract Information

Comp Sale YN: No
Original List Price: 21000000
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

Financial Information

Association YN: Yes
Association Fee: 15120
Association Fee Frequency: Monthly
Application Required YN: Yes
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

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 150

Entry Information

Entry Level: Yes

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: 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

Office/Member Information

DXORIGMLSID: SEF

Application Information

1-2 Weeks Approval: Yes

Amenities

Bar: Yes
Bike Storage: Yes
Business Center: Yes
Cabana: Yes
Elevator(s): Yes
Fitness Center: Yes
Playground: Yes
Pool: Yes
Sauna: Yes
Other: Yes

Association Amenities

Maintenance: Yes

Exterior Features

Lighting: Yes

Flooring

Marble: Yes
Tile: Yes
Wood: Yes

Parking Features

Valet: Yes

Property Condition

New Construction: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

View

Skyline: Yes

Heating

Central: Yes
Electric: Yes

Unit Description

Penthouse: Yes
High Rise: Yes

Water View

Bay: Yes
Ocean: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Electric Range: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Interior Features

Closet Cabinetry: Yes
Elevator: Yes
Kitchen Island: Yes
Walk-In Closet(s): Yes
Other: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Security Features

Elevator Secure: Yes
Key Card Entry: Yes
Lobby - Attended: Yes
Secured Garage/Parking: Yes
Security Guard: Yes
Security System: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes

Showing Requirements

24 Hour Notice: Yes
Call Listing Agent: Yes

Master Bedroom/Bath

Bedroom On Entry Level: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Pet Restrictions Possible: Yes

Tax Information

Other Exemption: Yes

Outdoor Living Spaces

Balcony: Yes

Balcony Details

Balcony - Open: Yes

Contingencies

Other: Yes

Listing Office: Douglas Elliman

Last Updated: February - 25 - 2026

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501 West Avenue PH4701, Miami Beach, FL 33139 (MLS# A11840802)