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  5. 501 West Ave
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501 West Ave

501 West Ave, Miami Beach, FL, 33139

YEAR BUILT

2024

# STORIES

48

# TOTAL UNITS

8

UNIT SIZE RANGE

1,969-6,777 sqft

Description

501 West Ave is a striking high-rise located in Miami Beach. The building stands 48 stories tall, offering impressive views of the bay, ocean, skyline, and surrounding water. Construction will complete in 2024, adding modern architecture to the South of Fifth neighborhood. This area features a lively mix of restaurants, beaches, and parks. This building consists of 8 luxury units, ranging from 1,969 to 6,777 square feet. Available floor plans include 3, 4, and 5-bedroom options, catering to various lifestyles. Prices for these units range from $6,500,000 to $6,650,000. The average price per square foot is about $2,065, reflecting the premium offerings. Residents enjoy a wide array of amenities, making everyday life enjoyable. The building includes a private beach pavilion, spa, exercise room, and multiple pools, including rooftop options. A clubhouse, bike/jog path, and child play area increase the appeal for families. The on-site restaurant adds to the convenience, and cabanas provide places for relaxation. Situated near Collins Avenue (A1A) and 1st Street, the building enjoys easy access to major roads. The nearby Atlantic Ocean offers recreational opportunities for water enthusiasts. Dining options like Anthony's Coal Fired Pizza are just a short walk away. Talmudic University lies close for educational needs. Units spend an average of 89 days on the market. The lowest sold price in the last year was around $6,500,000, while the average closed price reached $6,575,000. The combination of luxurious living and prime location makes this building a desirable choice for buyers seeking an exceptional lifestyle in Miami Beach.

Building ImageMLS ID #A11779731
Building ImageMLS ID #A11779731
Building Image
Building ImageView Listing

501 West Ave

501 West Ave, Miami Beach, FL, 33139

YEAR BUILT

2024

# STORIES

48

# TOTAL UNITS

8

UNIT SIZE RANGE

1,969-6,777 sqft

Description

501 West Ave is a striking high-rise located in Miami Beach. The building stands 48 stories tall, offering impressive views of the bay, ocean, skyline, and surrounding water. Construction will complete in 2024, adding modern architecture to the South of Fifth neighborhood. This area features a lively mix of restaurants, beaches, and parks. This building consists of 8 luxury units, ranging from 1,969 to 6,777 square feet. Available floor plans include 3, 4, and 5-bedroom options, catering to various lifestyles. Prices for these units range from $6,500,000 to $6,650,000. The average price per square foot is about $2,065, reflecting the premium offerings. Residents enjoy a wide array of amenities, making everyday life enjoyable. The building includes a private beach pavilion, spa, exercise room, and multiple pools, including rooftop options. A clubhouse, bike/jog path, and child play area increase the appeal for families. The on-site restaurant adds to the convenience, and cabanas provide places for relaxation. Situated near Collins Avenue (A1A) and 1st Street, the building enjoys easy access to major roads. The nearby Atlantic Ocean offers recreational opportunities for water enthusiasts. Dining options like Anthony's Coal Fired Pizza are just a short walk away. Talmudic University lies close for educational needs. Units spend an average of 89 days on the market. The lowest sold price in the last year was around $6,500,000, while the average closed price reached $6,575,000. The combination of luxurious living and prime location makes this building a desirable choice for buyers seeking an exceptional lifestyle in Miami Beach.

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Description

501 West Ave is a striking high-rise located in Miami Beach. The building stands 48 stories tall, offering impressive views of the bay, ocean, skyline, and surrounding water. Construction will complete in 2024, adding modern architecture to the South of Fifth neighborhood. This area features a lively mix of restaurants, beaches, and parks. This building consists of 8 luxury units, ranging from 1,969 to 6,777 square feet. Available floor plans include 3, 4, and 5-bedroom options, catering to various lifestyles. Prices for these units range from $6,500,000 to $6,650,000. The average price per square foot is about $2,065, reflecting the premium offerings. Residents enjoy a wide array of amenities, making everyday life enjoyable. The building includes a private beach pavilion, spa, exercise room, and multiple pools, including rooftop options. A clubhouse, bike/jog path, and child play area increase the appeal for families. The on-site restaurant adds to the convenience, and cabanas provide places for relaxation. Situated near Collins Avenue (A1A) and 1st Street, the building enjoys easy access to major roads. The nearby Atlantic Ocean offers recreational opportunities for water enthusiasts. Dining options like Anthony's Coal Fired Pizza are just a short walk away. Talmudic University lies close for educational needs. Units spend an average of 89 days on the market. The lowest sold price in the last year was around $6,500,000, while the average closed price reached $6,575,000. The combination of luxurious living and prime location makes this building a desirable choice for buyers seeking an exceptional lifestyle in Miami Beach.

501 West Ave Market Stats Last 12 months

Avg. Listed Price$10,790,000($2471/Sqft.)

Avg. Sale Price$6,575,000($2065/Sqft.)
Year over year list price0.00%

Year over year sale price 0.00%
Total Listings5 Listed

Total sold2 Sold
Average Days on Market89 days

Average HOA fees per sqft$1 /monthly
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Market Stats

Year over year list price0.00%

Year over year sale price0.00%
Total Listings5 Listed

Total sold2 Sold
Average Days on Market89 days

Average HOA fees per sqft$1 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

High
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

501 West Ave Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 36013601318645812025-06-30
MLS#: A11779731
Closed$6,650,000
Unit 29012901318635962025-06-17
MLS#: A11761809
Closed$6,500,000
Unit 2901
2901

3 Beds

5 Baths

3186 sqft


DateStatusPrice
2025-06-17Closed$6,500,000
MLS#: A11761809
Days On Market96
Unit 3601
3601

4 Beds

5 Baths

3186 sqft


DateStatusPrice
2025-06-30Closed$6,650,000
MLS#: A11779731
Days On Market81
View Complete Unit Listing HistorySource By: MIAMI REALTORS

Amenities

One of the most charming aspects of living at Five Park is its delightful array of amenities. Imagine starting your day with a jog or bike ride along the bike/jog path, or unwinding after a long day in the serene spa or hot tub. The private beach pavilion is a perfect escape, allowing you to soak up the sun whenever you wish. For those who enjoy socializing, the clubhouse and bar are perfect spots to meet neighbors or host friends. And for families, the child play area stands ready to provide hours of fun for the little ones.

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Amenities Description

One of the most charming aspects of living at Five Park is its delightful array of amenities. Imagine starting your day with a jog or bike ride along the bike/jog path, or unwinding after a long day in the serene spa or hot tub. The private beach pavilion is a perfect escape, allowing you to soak up the sun whenever you wish. For those who enjoy socializing, the clubhouse and bar are perfect spots to meet neighbors or host friends. And for families, the child play area stands ready to provide hours of fun for the little ones.

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Check Icon
Central AC
Central AC
Pool
Pool
Check Icon
Fitness Center
Fitness Center
Check Icon
Visitors Parking
Visitors Parking
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Amenities

Elevator(s)

Elevator(s)

Exercise Room

Exercise Room

Pool

Pool

Fire Alarm

Fire Alarm

Spa/Hot Tub

Spa/Hot Tub

Sauna

Sauna

Business Center

Business Center

Bar

Bar

Balcony

Balcony

Valet

Valet

Smoke Detector(s)

Smoke Detector(s)

Policies

As with any condo, it’s important to understand the building policies. While there are restrictions, the specifics of those aren't a reason to shy away. They are in place to ensure a harmonious living environment and help maintain the beauty and integrity of Five Park.

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
501 West Ave$2,065/sqft.$1 /sqft.
500 Alton Rd$2,060/sqft.$1 /sqft.
500 Alton Rd$2,141/sqft.$1 /sqft.
Five Park$2,211/sqft.$1 /sqft.
500 Alton Rd$2,030/sqft.$1 /sqft.
540 West Ave$964/sqft.$1 /sqft.

Nearby Schools

Discover top-rated schools located close to 501 West Ave.

South Pointe Elementary School

B
Public|Grades PK–5
1050 4th St|0.21 miles away

Fisher Island Day School

--
Private|Grades PK–8
2 Fisher Island Dr|1.1 miles away

Fienberg/Fisher K-8 Center

C+
Public|Grades PK–5
1420 Washington Av...|1.1 miles away

Miami Beach Senior High School

C+
Public|Grades 9–12
2231 Prairie Ave|2.04 miles away
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Schools

South Pointe Elementary School

B
Public|Grades PK–5
1050 4th St|Less than 1 Mile Away

Fisher Island Day School

--
Private|Grades PK–8
2 Fisher Island Dr|1.10 Miles Away

Fienberg/Fisher K-8 Center

C+
Public|Grades PK–5
1420 Washington Av...|1.10 Miles Away

Miami Beach Senior High School

C+
Public|Grades 9–12
2231 Prairie Ave|2.04 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

ALTON RD & 5 ST

0.1 miles away|3 min walk

5 ST & LENOX AV

0.13 miles away|3 min walk

ALTON RD & 4 ST

0.14 miles away|3 min walk

5 ST & MICHIGAN AV

0.21 miles away|5 min walk

ALTON RD & 8 ST

0.3 miles away|6 min walk

ALTON RD & 2 ST

0.36 miles away|7 min walk
Next

Transit

ALTON RD & 5 ST

0.1 miles away|3 min walk

5 ST & LENOX AV

0.13 miles away|3 min walk

ALTON RD & 4 ST

0.14 miles away|3 min walk

5 ST & MICHIGAN AV

0.21 miles away|5 min walk

ALTON RD & 8 ST

0.3 miles away|6 min walk

ALTON RD & 2 ST

0.36 miles away|7 min walk

5 ST & MERIDIAN AV

0.37 miles away|8 min walk

ALTON RD & 9 ST

0.39 miles away|8 min walk

ALTON RD & 10 ST

0.48 miles away|10 min walk

MAC ARTHUR CY & TERMINAL ISLE

0.54 miles away|11 min walk

ALTON RD & 11 ST

0.58 miles away|12 min walk

SOUTH POINTE DR & WASHINGTON AV

0.63 miles away|13 min walk

ALTON RD & 13 ST

0.7 miles away|14 min walk

MAC ARTHUR CY & BRIDGE RD

0.75 miles away|15 min walk

ALTON RD & 14 ST

0.83 miles away|16 min walk

ALTON RD & 15 ST

1 miles away|20 min walk

ALTON RD & LINCOLN RD

1.13 miles away|22 min walk

ALTON RD & 17 ST

1.33 miles away|26 min walk

17 ST & ALTON CT

1.34 miles away|26 min walk

PURDY AV @ DADE BLVD

1.35 miles away|26 min walk

17 ST & LENOX AV

1.35 miles away|26 min walk

VENETIAN WAY & E ISLAND AV

1.36 miles away|26 min walk

17 ST & JEFFERSON AV

1.38 miles away|27 min walk

17 ST & MERIDIAN AV

1.4 miles away|27 min walk

ALTON RD & DADE BD

1.41 miles away|28 min walk

LINCOLN RD & WASHINGTON AV

1.43 miles away|28 min walk

Lincoln Rd @ James Ave

1.44 miles away|28 min walk

17 ST & PENNSYLVANIA AV

1.44 miles away|28 min walk

17 ST & CONVENTION CENTER DR

1.46 miles away|28 min walk

17 ST & WASHINGTON AV

1.5 miles away|29 min walk

ALTON RD & 19 ST

1.54 miles away|30 min walk

COLLINS AV & 17 ST

1.59 miles away|31 min walk

MAC ARTHUR CY & OP FOUNTAIN ST

1.59 miles away|31 min walk

MAC ARTHUR CY & FOUNTAIN ST

1.59 miles away|31 min walk

20 ST & BAY RD

1.61 miles away|31 min walk

COLLINS AV & 18 ST

1.7 miles away|33 min walk

ALTON RD & N MICHIGAN AV

1.71 miles away|33 min walk

VENETIAN WY & E DILIDO DR

1.72 miles away|33 min walk

COLLINS AV & 20 ST

1.83 miles away|35 min walk

ALTON RD & 21 ST

1.91 miles away|37 min walk

COLLINS AV & 21 ST

1.92 miles away|37 min walk

COLLINS AV & 22 ST

1.98 miles away|39 min walk

PARK AV @ 22 ST

1.99 miles away|39 min walk

Dade Blvd @ 23 St

2.02 miles away|39 min walk

ALTON RD & 23 ST

2.07 miles away|40 min walk

ATLANTIC WAY

2.08 miles away|40 min walk

COLLINS AV & 23 ST

2.13 miles away|41 min walk

S VENETIAN WY @ NE 13 PL

2.15 miles away|42 min walk

N VENETIAN WY & NE 13 PL

2.19 miles away|43 min walk

COLLINS AV & 24 ST

2.22 miles away|43 min walk

The Neighbourhood: 501 West Ave

South Beach, located in Miami-Dade County, FL, is a vibrant neighborhood famous for its stunning beaches, Art Deco architecture, and dynamic nightlife. Visitors and residents alike enjoy a plethora of dining and shopping options, ranging from high-end boutiques to local eateries. Cultural enthusiasts explore its renowned art galleries and museums, while outdoor lovers relish in water sports and sunbathing. The area boasts convenient transportation links, with easy access to public transit and major highways, making it an ideal locale for those seeking excitement and relaxation in equal measure.

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Neighbourhood Description

South Beach, located in Miami-Dade County, FL, is a vibrant neighborhood famous for its stunning beaches, Art Deco architecture, and dynamic nightlife. Visitors and residents alike enjoy a plethora of dining and shopping options, ranging from high-end boutiques to local eateries. Cultural enthusiasts explore its renowned art galleries and museums, while outdoor lovers relish in water sports and sunbathing. The area boasts convenient transportation links, with easy access to public transit and major highways, making it an ideal locale for those seeking excitement and relaxation in equal measure.

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501 West Ave Demographics

Age Demographics

0–14 Years

10.32%

15–29 Years

19.68%

30–44 Years

34.09%

45–59 Years

19.14%

60+ Years

16.77%

Commute

7.49%

Transit

14.25%

Walk

44.6%

Drive

11.68%

Bike

Housing Ownership

23.25%

Owner Occupied

76.75%

Rental Units

Household Types

Single Family
13.01%
Multi Family
1.05%
Single Person
57.56%
Multi Person
42.44%

Average Income

Household:$6,039,183.8 /yr

Individual:$5,993,171.61 /yr

Education

Bachelors Degree29.3%
High School College16.25%
Diploma9.18%
Post Graduate20.86%
Others24.4%
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Education

Diploma9.18%
Post Graduate20.86%
Others24.4%
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    501 West Ave
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