UNDER CONTRACT
$904K PRICE DROP
5848 Paradise Point Dr Palmetto Bay, FL 33157
Estimated payment $35,004/month
Total Views
9,051
6
Beds
5.5
Baths
5,870
Sq Ft
$953
Price per Sq Ft
Highlights
- Marina
- Property has ocean access
- Up to 50-Foot Boat
- Coral Reef Elementary School Rated A
- Deeded Boat Dock
- Boating
About This Home
Experience your dream retreat at Royal Harbour’s Paradise Point! This stunning four-story waterfront property seamlessly blends luxury and comfort, featuring 24-hour security for your peace of mind. Relax or entertain under the stars on the beautiful rooftop terrace, and enjoy the convenience of an elevator. The high-impact windows and doors provide safety and quiet, while the deeded boat slip allows you to fully embrace the boating lifestyle with no bridges to the bay. Previously owned by the renowned architect and artist Brito, this home offers plenty of space for family and friends. Community amenities include a private beach, a heated pool, a jacuzzi, tennis and pickleball courts, a basketball court, a gym, a clubhouse, a nature trail, and a full service marina.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $35,110
Year Built
- Built in 2004
Lot Details
- 5,527 Sq Ft Lot
- 30 Ft Wide Lot
- Home fronts a canal
- South Facing Home
- Property is zoned 0102
HOA Fees
- $850 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Automatic Garage Door Opener
- Driveway
- Guest Parking
- Open Parking
- Golf Cart Parking
Home Design
- Barrel Roof Shape
- Concrete Block And Stucco Construction
Interior Spaces
- 5,870 Sq Ft Home
- Vaulted Ceiling
- Ceiling Fan
- Fireplace
- Entrance Foyer
- Great Room
- Family Room
- Recreation Room
- Storage Room
- Marble Flooring
- Canal Views
- High Impact Door
Kitchen
- Electric Range
- Dishwasher
- Trash Compactor
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- Main Floor Bedroom
- Primary Bedroom Upstairs
- Walk-In Closet
- Maid or Guest Quarters
Laundry
- Laundry in Utility Room
- Dryer
- Washer
Accessible Home Design
- Accessible Elevator Installed
Outdoor Features
- Property has ocean access
- Beach Access
- No Fixed Bridges
- Property is near a marina
- Canal Width is 121 Feet or More
- Up to 50-Foot Boat
- Deeded Boat Dock
- Balcony
- Exterior Lighting
- Outdoor Grill
- Porch
Schools
- Coral Reef Elementary School
- Southwood Middle School
- Miami Palmetto High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 33-50-25-009-0040
Community Details
Overview
- Paradise Point 1St Amendm Subdivision
- Maintained Community
Amenities
- Picnic Area
- Clubhouse
Recreation
- Boating
- Marina
- Tennis Courts
- Fitness Center
- Community Pool
- Community Spa
Security
- Resident Manager or Management On Site
- Gated Community
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $35,111 | $2,374,361 | $718,381 | $1,655,980 |
| 2023 | $35,111 | $2,016,047 | $0 | $0 |
| 2022 | $34,022 | $1,957,328 | $524,971 | $1,432,357 |
| 2021 | $25,015 | $1,397,310 | $0 | $0 |
| 2020 | $24,518 | $1,378,018 | $0 | $0 |
| 2019 | $23,980 | $1,347,037 | $442,081 | $904,956 |
| 2018 | $23,612 | $1,357,560 | $442,081 | $915,479 |
| 2017 | $24,248 | $1,368,083 | $0 | $0 |
| 2016 | $24,926 | $1,378,606 | $0 | $0 |
| 2015 | $25,456 | $1,372,238 | $0 | $0 |
| 2014 | $25,780 | $1,361,348 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/23/2025 03/23/25 | For Sale | $5,595,000 | 0.0% | $953 / Sq Ft |
| 03/04/2025 03/04/25 | Off Market | $5,595,000 | -- | -- |
| 01/26/2025 01/26/25 | Price Changed | $5,595,000 | -6.0% | $953 / Sq Ft |
| 11/25/2024 11/25/24 | Price Changed | $5,950,000 | -8.4% | $1,014 / Sq Ft |
| 11/10/2024 11/10/24 | For Sale | $6,499,000 | +183.2% | $1,107 / Sq Ft |
| 06/04/2021 06/04/21 | Sold | $2,295,000 | +4.6% | $391 / Sq Ft |
| 03/30/2021 03/30/21 | Price Changed | $2,195,000 | 0.0% | $374 / Sq Ft |
| 03/30/2021 03/30/21 | For Sale | $2,195,000 | -4.4% | $374 / Sq Ft |
| 03/08/2021 03/08/21 | Off Market | $2,295,000 | -- | -- |
| 01/05/2021 01/05/21 | For Sale | $2,395,000 | -- | $408 / Sq Ft |
Source: MIAMI REALTORS® MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Agency Title Services | |
| Warranty Deed | $2,295,000 | Express Title Svcs Group Inc | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $1,400,000 | Attorney | |
| Warranty Deed | $420,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $1,550,000 | Balloon | |
| Previous Owner | $1,500,000 | Seller Take Back | |
| Previous Owner | $1,280,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $742,500 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $450,000 | Unknown | |
| Previous Owner | $700,000 | Credit Line Revolving | |
| Previous Owner | $850,000 | Unknown |
Source: Public Records
Similar Homes in the area
Source: MIAMI REALTORS® MLS
MLS Number: A11691202
APN: 33-5025-009-0040
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