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ADI ZILBERBERG | EXECUTIVE DIRECTOR OF LUXURY SALES
Five Park represents a landmark transformation of the South Beach skyline, standing as the district’s tallest residential tower at 48 stories (519 feet). Developed by Terra Group in partnership with GFO Investments, and designed by the world-renowned firm Arquitectonica, this elliptical glass tower serves as the gateway to Miami Beach at the entrance of the MacArthur Causeway. Completed in 2024, Five Park is the centerpiece of a meticulously planned seven-acre campus that includes the three-acre Canopy Park and the Canopy Bridge, an artistic pedestrian bridge designed by Daniel Buren that connects the tower directly to the prestigious South of Fifth neighborhood.
The building features an ultra-exclusive collection of 98 “Canopy” residences (floors 27-48) and approximately 180 “Park” residences on lower levels. Designed with an emphasis on 360-degree vistas, the residences offer floor-to-ceiling glass and 10-foot-deep balconies that capture unobstructed views of the Atlantic Ocean, Biscayne Bay, and the Miami skyline. With interiors curated by Gabellini Sheppard Associates, Five Park integrates natural textures and noble materials like Italian oak and stone to create a residential experience that is both architecturally commanding and experientially layered.
The vision for Five Park is rooted in “Vertical Community.” Terra CEO David Martin sought to create a site that functions as a civic asset, blending high-density luxury with extensive public green space. The tower’s elliptical form is not only a sculptural choice but an engineering one, designed to minimize wind resistance and maximize perimeter views for every unit.
Below the tower, Canopy Park offers a botanical oasis featuring a MONSTRUM playground, an outdoor gym, a dog park, and shaded gardens. This integration of a private luxury tower with a public ecological park reflects a commitment to biophilic urbanism. The building’s amenities are spread across multiple levels, including the exclusive Canopy Club on the 26th floor, ensuring that residents have a private sanctuary for wellness and social interaction above the vibrant energy of Alton Road.
| Metric | Details |
| Total Residences | 98 Canopy Condos / 180 Park Residences |
| Building Height | 48 stories (519 feet) |
| Architect | Arquitectonica (Bernardo Fort-Brescia) |
| Interior Designer | Gabellini Sheppard Associates |
| Year Built | 2024 (Move-ins commenced Q4 2024) |
| Pricing Range | $1.2M (Park units) to $20M+ (Penthouses) |
The interiors at Five Park are a study in refined modernism. Gabellini Sheppard has utilized custom Italian oak cabinetry and Gaggenau appliances to create kitchens that feel like furniture. The “Canopy” residences feature private elevator foyers and 10-foot ceilings, while the open floor plans are designed to allow light to penetrate deep into the living spaces.
Primary bathrooms are designed as spa-like wet rooms in select units, finished with textured glass shower doors and custom Italian vanities. The building also features advanced smart-building technology, including a custom Five Park app for managing concierge services, amenity bookings, and home automation.
| Feature | Specifications |
| Layouts | 1 to 5 bedroom configurations |
| Ceilings | 10-foot floor-to-ceiling glass volumes |
| Kitchens | Custom Gabellini Sheppard cabinetry with Gaggenau appliances |
| Baths | Italian vanities and Hansgrohe fixtures |
| Terraces | 10-foot deep balconies with 10-foot wide sliding door openings |
| Tech | Platinum pre-wiring and high-speed fiber-optics throughout |
Five Park provides an unmatched array of amenities, including the Canopy Club, South Beach’s most comprehensive private owners’ club. This club level includes a dedicated concierge, a jewel-box bar, a private dining room, and a wellness lounge. The 6th-floor amenity deck serves as the building’s resort core, featuring two pools (family and adult-only), a pool bar & café, and a state-of-the-art gym and spa.
Amenities Table (Wellness and Social)
| Amenity | Details |
| Canopy Club | Level 26 owners’ club with dining, bar, and library |
| Pool Deck | 6th-floor infinity pool, lap pool, and hot tub |
| Wellness | Full-service spa, sauna, hammam, and Technogym fitness center |
| Beach Club | Private Beach Club South of Fifth with house car service |
| Family | Children’s learning lab, teen club, and MONSTRUM playground |
As the newest and tallest tower in Miami Beach, Five Park has commanded record prices. As of early 2026, the building is nearly sold out, with remaining developer inventory and early resales typically ranging from $2,100 to $3,200 per square foot. The investment potential is reinforced by its location at the South of Fifth gateway and the unique “Canopy Park” value proposition, which is unmatched by older towers in the area.
Sales History and Performance Metrics
| Residence Type | Size Range | Recent Pricing (Estimated) |
| 1 Bedroom | 878 – 1,110 SF | $1.2M – $2.2M |
| 2 Bedroom | 1,434 – 2,334 SF | $3.1M – $5.7M |
| 3+ Bedroom | 2,615 – 3,186 SF | $6.9M – $11M |
| Penthouses | 5,000 – 6,700 SF | $16M – $22M+ |
Why Partner With Us for Five Park
As specialists in the South of Fifth and West Avenue markets, we provide exclusive access to off-market resales and the few remaining developer units. Our white-glove service manages every aspect of the acquisition from navigating the complex Canopy Club membership to coordinating move-in logistics ensuring your investment at Five Park is optimized for long-term growth and immediate personal enjoyment.
