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What we cover
501 WEST AVE, Miami Beach 33139
2025
Year Built
94
Units
CI Score
Strong
6
For Sale
$5.6M
Avg Price
$2,707
Sale $/SF
1
For Rent
$35,000
Avg Rent
$13.75
Rent $/SF
+7.0%
YoY
For Sale
6
For Rent
1
Investor-Owned
90%
Avg HOA
$7,237/mo
Five Park is an ultra-luxury residential building located at 501 West Ave in South Beach, Miami Beach, completed in 2025. The 94-unit development features residences ranging from studios to 4-bedroom units with sizes from 1,216 to 5,545 square feet, catering to the most discerning luxury market. With an average price per square foot of $2,328 and premium rental rates, Five Park represents the pinnacle of contemporary Miami Beach living.
Address
501 WEST AVE, Miami Beach, 33139
Neighborhood
South Beach
Year Built
2025
Total Units
94
Avg Unit Sqft
2,553 SF
Tier
Ultra Luxury
Avg $/SF
$2,706.71
Avg Rent
$35,000/mo
Rent $/SF
$13.75/SF
HOA Range
$7,195 – $7,279
Google Rating
4.7 (33 reviews)
Neighborhood Rank
Top 1%
Avg Unit Value
$4.5M
Total Sales (All-Time)
94
Phone
(786) 636-3125
Amenities
Sale Price Trend ($/SF)
$2,297
Rental Price Trend ($/SF)
$16.42
Building Activity
Closed Sales (120d)
0
transactions
Low volume
Active Listings
For Sale (6)
$3.5M
$3.5M
$3.8M
$4.5M
$6.8M
$7.2M
Unit 3503For Rent (1)
$35K
Unit 3102Recent Sales
| Date | Price | $/SF | Bed/Bath | SF |
|---|---|---|---|---|
| Sep 16, 2025 | $6.9M | $2,297.46 | 4/4 | 2,987 |
| Aug 22, 2025 | $7.6M | $2,978.43 | 3/3 | 2,550 |
| Aug 18, 2025 | $5.5M | $2,175.37 | 3/3 | 2,546 |
| Aug 5, 2025 | $6.7M | $2,733.58 | 3/4 | 2,451 |
| Jul 11, 2025 | $17.5M |
Total Units
94
Avg Sqft
2,553 SF
Avg Assessed
$4.5M
Owner-Occupied
10%
Tax & Ownership
Investor-Owned
90%
Owner-Occupied
10%
Avg Assessed Value
$4.5M
Avg Taxable Value
$4.5M
Effective Year Built
2025
Zoning
6400
Unit Mix
Avg 5,152 SF
Avg 1,217 SF
Avg 2,240 SF
Avg 2,983 SF
Unit Directory
Showing 10 of 94 units| Unit | Beds | Baths | SF | Assessed | Owner | Last Sale | $/SF | Sale Date |
|---|---|---|---|---|---|---|---|---|
| 2701 | 4 | 4 | 2,979 | $4.8M | — | $4.4M | $1,482 | Feb 2025 |
| 2702 | 3 | 3 | 2,546 | $4.1M | — | $4.4M | $1,716 | Jan 2025 |
| 2703 | 3 | 4 | 2,441 | $3.9M | — | $4.0M | $1,639 | Nov 2024 |
| 2704 | 2 | 2 | 1,216 | $2.0M | — | $2.5M | $2,081 | Dec 2024 |
| 2705 | 3 | 3 | 1,706 | $2.8M | — | $3.4M | $1,999 | Jan 2025 |
| 2801 | 4 | 4 | 2,979 | $4.8M | — | $5.3M | $1,762 | Dec 2024 |
| 2802 | 3 | 3 | 2,546 | $4.1M | — | $5.0M | $1,944 | Dec 2024 |
| 2803 | 3 | 4 | 2,441 | $3.9M | — | $5.6M | $2,286 | Nov 2024 |
| 2804 | 2 | 2 | 1,216 | $2.1M | ✓ | $2.5M | $2,056 | Nov 2024 |
| 2805 | 3 | 3 | 1,706 | $2.8M | — | $3.4M | $1,993 | Dec 2024 |
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Neighborhood
South Beach →
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Building Snapshot
| $3,227.59 |
| —/— |
| 5,422 |
| Jun 30, 2025 | $6.7M | $2,226.31 | 4/4 | 2,987 |
| Jun 18, 2025 | $3.9M | $3,193.76 | 2/2 | 1,218 |
| Jun 16, 2025 | $6.5M | $2,181.94 | 4/4 | 2,979 |
| Jun 12, 2025 | $14.8M | $2,700 | —/— | 5,500 |
| Apr 25, 2025 | $7.3M | $2,443.92 | 4/4 | 2,987 |