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501 West Avenue PH4701, Miami Beach, FL 33139

$18,500,000
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

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.

More Information MLS# A11840802

Contract Information

Comp Sale YN: No Occupant Type: Vacant Listing Date: 2025-07-15 Status: Closed Original List Price: 21000000 Sold Price: $18,500,000 Current Price: $18,500,000

Location and Legal

County Or Parish: Miami-Dade County Parish Name: Miami-Dade City Name: Miami Beach Municipal Code: 2 Postal Zip: 33139 Subdivision Number: 16 Country: United States Street Number: 501 Street Name: West Street Suffix: Avenue Unit Number: PH4701 State Or Province: FL Postal Code: 33139 Postal Code +4: 7134 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

General Property Information

Unit Floor #: 47 Adjusted Area Main: 5500 Living Area Main: 6060 Senior Community YN: No Outdoor Living Spaces YN: Yes Stories Total: 48 Property Sub Type: Condominium Bedrooms Total: 5 Bathrooms Total: 7 Bathrooms Full: 6 Bathrooms Half: 1 Building Area Main: 7923 Year Built: 2025 Garage YN: 1 Garage Spaces: 4 Covered Spaces: 4

Financial Information

Application Required YN: Yes Membership Fee Required YN: No Association YN: 1 Association Fee: 15120 Association Fee Frequency: Monthly Tax Year: 2023 Tax Legal Description: FIVE PARK CONDO UNIT PH1 UNDIV 2.2918% INT IN COMMON ELEMENTS OFF REC 34492-3683

Office/Member Information

DXORIGMLSID: SEF

Status Change Information

Buyer Financing: Cash 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

Application Fee Details

Application Fee Required: Yes Application Fee: 150

Application Information

1-2 Weeks Approval: 1

Amenities

Bar: 1 Bike Storage: 1 Business Center: 1 Cabana: 1 Elevator(s): 1 Fitness Center: 1 Playground: 1 Pool: 1 Sauna: 1 Other: 1

Association Amenities

Maintenance: 1

Entry Information

Entry Level: 1

Exterior Features

Lighting: 1

Flooring

Marble: 1 Tile: 1 Wood: 1

Leasing Permitted Details

Leasing Permitted YN: Yes Okay To Lease: 1

Parking Features

Valet: 1

Parking Information

Open Parking Spaces: 2

Property Condition

New Construction: 1

Possession

Close Of Escrow: 1 Negotiable: 1

View

Skyline: 1

Heating

Central: 1 Electric: 1

Leasing Restrictions

Leasing - Max Times Per Year: 2 Leasing - Minimum Number of Days: 180

Unit Description

Penthouse: 1 High Rise: 1

Water View

Bay: 1 Ocean: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Electric Range: 1 Microwave: 1 Refrigerator: 1 Washer: 1

Interior Features

Closet Cabinetry: 1 Elevator: 1 Kitchen Island: 1 Walk-In Closet(s): 1 Other: 1

Listing Terms

Cash: 1 Conventional: 1

Security Features

Elevator Secure: 1 Key Card Entry: 1 Lobby - Attended: 1 Secured Garage/Parking: 1 Security Guard: 1 Security System: 1

Cooling

Central Air: 1

Association Type

Condominium: 1

Showing Requirements

24 Hour Notice: 1 Call Listing Agent: 1

Master Bedroom/Bath

Bedroom On Entry Level: 1

Pets Allowed YN

Yes: 1

Pets Allowed

Pet Restrictions Possible: 1

Storm Protection

Impact Glass: Partial

Tax Information

Other Exemption: 1

Outdoor Living Spaces

Balcony: 1

Balcony Details

Balcony - Open: 1

Contingencies

Other: 1

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
Listing Office: Douglas Elliman
Last Updated: February - 25 - 2026
501 West Avenue PH4701, Miami Beach, FL 33139- MLS# A11840802
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