David Martin And Russell Galbut Sell Five Park Penthouse For $18.5 Million In Miami Beach

The condo located at 501 West Avenue Unit 4701 in Miami Beach has a sale price of $18,500,000, encompassing a total of 6,060 square feet. The price per square foot is calculated at $3,053. This unit represents the final penthouse at Five Park, developed by Terra and GFO Investments.

Summary of transaction details:

• Property Type: Condo
• Transaction Amount: $18,500,000
• Address: 501 West Avenue Unit 4701
• Market: Miami Beach
• Seller: David Martin - Terra; Russell Galbut - GFO Investments
• Buyer's Representative: Matt Lill - The Corcoran Group
• Seller's Representatives: Christopher Wands, Angelica Garcia (AngelicaGarcia04), and Luiza Chiminacio Blackmon - Douglas Elliman
• Sale Price per Square Foot: $3,053
• Total Square Footage: 6,060

The closing of this transaction marks the completion of sales for the 48-story tower, coinciding with a rise in luxury penthouse trades within Miami. The brokers from Douglas Elliman represented the sellers, while The Corcoran Group facilitated the buyer in this deal.