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Alessandro Nesta Purchases Three Units At Five Park Miami Beach From David Martin And Russell Galbut

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SOLD
David Martin
+ 1

Florida

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Condo
Sold 11/14/2025
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SOLD

Alessandro Nesta Purchases Three Units At Five Park Miami Beach From David Martin And Russell Galbut

500 Alton Road

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Condo
Sold 11/14/2025
David Martin
+ 1
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Summary

FLORIDA
Asset Type:Condo
Transaction Type:Sale

The transaction involved three units at the Five Park Miami Beach, located at 500 Alton Road in the Miami Beach market. This development is noted for being the first new residential tower in South Beach in over a decade and offers luxury amenities, private terraces, and views of the ocean and bay, alongside a three-acre Canopy Park and 50,000 square feet of additional amenities.

Summary of transaction details:

Alessandro Nesta, who is recognized for his career as an Italian soccer star and coach, made this acquisition from David Martin and Russell Galbut, representing their respective firms, Terra and GFO Investments. The association with Douglas Elliman through Angelica Garcia and Corrado Colini facilitated this transaction.

Players

Angelica Garcia
6 deals$34M volume
BROKER


Douglas Elliman
BROKERAGE

David Martin
Terra
29 deals$2.2B volume
SELLER

Details

SOLD
IMAGE: David Martin, Angelica Garcia, Alessandro Nesta, Corrado Colini & Russell Galbut DATE: 11/14/2025 ADDRESS: 500 Alton Road MARKET: Miami Beach ASSET TYPE: Condo BUYER: Alessandro Nesta (@Nesta) SELLER: David Martin (@DavidMartinTerra) - Terra (@TerraGroupMiami); Russell Galbut - GFO Investments BROKERS: Angelica Garcia (@AngelicaGarcia04) & Corrado Colini (@CorradoColini) - Douglas Elliman (@DouglasElliman) NOTE: Alessandro Nesta, former Italian soccer star and coach, purchased three units at Five Park Miami Beach, the first new South Beach residential tower in over a decade, developed by Terra and GFO Investments. The move highlights the project’s luxury offerings, including ocean and bay views, private terraces, a three-acre Canopy Park, and 50,000 square feet of amenities. # GFOInvestments

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