This study presents the design and implementation of an advanced IoT-enabled, cloud-integrated smart parking system, engineered to address the critical challenges of urban parking management and next-generation mobility. The proposed architecture utilizes a distributed network of ultrasonic and infrared occupancy sensors, each interfaced with a NodeMCU ESP8266 microcontroller, to enable precise, real-time monitoring of individual parking spaces. Sensor data is transmitted via secure MQTT protocol to a centralized cloud platform (AWS IoT Core), where it is aggregated, timestamped, and stored in a NoSQL database for scalable, low-latency access. A key innovation of this system is the integration of artificial intelligence (AI)-based space optimization algorithms, leveraging historical occupancy patterns and predictive analytics (using LSTM neural networks) to dynamically allocate parking spaces and forecast demand. The cloud platform exposes RESTful APIs, facilitating seamless