5863 Paradise Point Dr Palmetto Bay, FL 33157
Estimated payment $9,834/month
Highlights
- Marina
- Ocean View
- Boat Dock
- Coral Reef Elementary School Rated A
- Property has ocean access
- Property Fronts a Bay or Harbor
About This Home
NEW PRICE, $300,000 REDUCTION. Rare opportunity to own the LAST 7,342 sq. ft. south-facing waterfront lot in the exclusive gated Paradise Point, Palmetto Bay. Minutes from Pinecrest, this boater’s dream offers resort-style amenities at Royal Harbor Yacht Club, including 24/7 security, a clubhouse, tennis courts, a heated pool, a gym, a private beach, and a full-service marina with direct bay access. Includes approved plans for a 6,000 sq. ft. home with a rooftop pool and stunning Biscayne Bay views. Plans approved by Palmetto Bay & HOA. Don’t miss this chance—call the listing agent for details!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $13,997
Year Built
- Built in 2021
Lot Details
- 7,342 Sq Ft Lot
- 70 Ft Wide Lot
- Property Fronts a Bay or Harbor
- South Facing Home
- Property is zoned 0102
HOA Fees
- $882 Monthly HOA Fees
Parking
- 4 Car Attached Garage
- Driveway
- Guest Parking
- Open Parking
Property Views
- Ocean
- Bay
Outdoor Features
- Above Ground Pool
- Property has ocean access
- Beach Access
- No Fixed Bridges
- Mangrove Front
Schools
- Coral Reef Elementary School
- Southwood Middle School
- Miami Palmetto High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Assessor Parcel Number 33-50-25-009-0080
Community Details
Overview
- Paradise Point 1St Amendm Subdivision
Recreation
- Boat Dock
- Marina
- Tennis Courts
- Fitness Center
- Community Pool
Map
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 | $13,335 | $766,774 | -- | -- |
| 2023 | $13,335 | $697,068 | $0 | $0 |
| 2022 | $11,080 | $633,699 | $633,699 | $0 |
| 2021 | $9,647 | $533,641 | $533,641 | $0 |
| 2020 | $9,586 | $533,641 | $533,641 | $0 |
| 2019 | $9,593 | $533,641 | $533,641 | $0 |
| 2018 | $9,379 | $533,641 | $533,641 | $0 |
| 2017 | $9,558 | $533,641 | $0 | $0 |
| 2016 | $9,762 | $533,641 | $0 | $0 |
| 2015 | $10,020 | $533,641 | $0 | $0 |
| 2014 | $10,231 | $533,641 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/15/2025 04/15/25 | Price Changed | $1,395,000 | 0.0% | -- |
| 04/15/2025 04/15/25 | Price Changed | $1,395,000 | -12.5% | -- |
| 04/01/2025 04/01/25 | Price Changed | $1,595,000 | 0.0% | -- |
| 04/01/2025 04/01/25 | Price Changed | $1,595,000 | -10.1% | -- |
| 03/22/2025 03/22/25 | For Sale | $1,775,000 | 0.0% | -- |
| 03/22/2025 03/22/25 | For Sale | $1,775,000 | +153.6% | -- |
| 11/18/2021 11/18/21 | Sold | $700,000 | 0.0% | -- |
| 11/18/2021 11/18/21 | Sold | $700,000 | -11.9% | -- |
| 09/21/2021 09/21/21 | Pending | -- | -- | -- |
| 09/21/2021 09/21/21 | Pending | -- | -- | -- |
| 08/09/2021 08/09/21 | For Sale | $795,000 | 0.0% | -- |
| 07/01/2021 07/01/21 | Price Changed | $795,000 | -11.2% | -- |
| 04/06/2021 04/06/21 | For Sale | $895,000 | +175.4% | -- |
| 01/13/2012 01/13/12 | Sold | $325,000 | -31.9% | -- |
| 12/28/2011 12/28/11 | Pending | -- | -- | -- |
| 06/06/2011 06/06/11 | For Sale | $477,000 | -- | -- |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $500,000 | Attorney | |
| Special Warranty Deed | $325,000 | Attorney | |
| Trustee Deed | $200,100 | None Available | |
| Warranty Deed | $1,000,000 | Attorney | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $400,000 | Balloon | |
| Closed | $250,000 | Construction | |
| Closed | $400,000 | Balloon | |
| Previous Owner | $757,500 | Purchase Money Mortgage | |
| Previous Owner | $400,000 | Unknown |
Source: MIAMI REALTORS® MLS
MLS Number: A11766115
APN: 33-5025-009-0080
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