This rare 5-bedroom, 5.5-bath home in the private gated community of Bay Point sits on a nearly 16,000 sq. ft. corner lot, offering ultimate privacy with only one neighbor to the south. Bay Point is one of the only private gated communities in Miami, providing unmatched exclusivity. The impeccable kitchen is a chef’s dream, while the hidden library/office offers a quiet retreat. The master suite boasts his-and-her bathrooms, a luxurious rain shower, and jets for a spa-like experience. Outside, a private oasis awaits with a pool, hot tub, and outdoor kitchen. This is a rare opportunity for refined living in Miami’s best-kept secret.
Interior: Built-in Features, Bedroom on Main Level, Closet Cabinetry, Dual Sinks, First Floor Entry, Main Level Primary, Split Bedrooms, Separate Shower
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 5
Total Bedroom Count: 5
Exterior Features
Exterior Information:
View: None
Exterior: Security/High Impact Doors
Parking Information:
Garage Space: 2 spaces
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Price Information
Listing Price Info
Price Summary:
List Price: $8,395,000
Price Per SqFt: $2,074/SqFt
HOA Fees:
Amount: $400
Frequency: Monthly
Tax Information:
Annual Amount: $20,395
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Miami, FL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$42.3K
Per Month
Principal & Interest
$41.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$400
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$25.2K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Toussaint L'Ouverture Elementary School
120 NE 59th St
Distance between this listing and this school0.78 miles
Public District Grades PK-5
7
/10
Shadowlawn Elementary School
149 NW 49th St
Distance between this listing and this school0.83 miles
Public District Grades PK-5
6
/10
Morningside K-8 Academy
6620 NE 5th Ave
Distance between this listing and this school1.08 miles
Public Magnet Grades PK-5
Nearby Schools
2
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school1.58 miles
Public District Grades 6-8
7
/10
Mater Academy Middle School of International Studies
795 NW 32nd St
Distance between this listing and this school1.81 miles
Public Charter Grades 6-9
3
/10
Georgia Jones-Ayers Middle School
1331 NW 46th St
Distance between this listing and this school2.10 miles
Public District Grades 6-8
Nearby Schools
10
/10
Design & Architecture Senior High School
4001 NE 2nd Ave
Distance between this listing and this school0.62 miles
Public Magnet Grades 9-12
7
/10
Itech@Thomas a Edison Educational Center
6101 NW 2nd Ave
Distance between this listing and this school1.17 miles
Public Magnet Grades 9-12
5
/10
Young Men's Preparatory Academy
3001 NW 2nd Ave
Distance between this listing and this school1.39 miles
The neighbors living near this home have an average income of $61,364. Typical income of Miami, FL residents is between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 560 Bay Point Rd
What is the listing price of this property?
The listing price of 560 Bay Point Rd property is $8,395,000.
What type of property is this?
The property 560 Bay Point Rd is a house located in Miami, Florida, 33137.
Is this property for sale now?
Active Listing: 560 Bay Point Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $20,395 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 560 Bay Point Rd has 5 bedrooms and 5 full and 1 half bathrooms.
What is the square footage of this property?
The property 560 Bay Point Rd is 4,048 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 560 Bay Point Rd is 1950.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 560 Bay Point Rd in Miami, FL and zip code 33137 in the Bay Point neighborhood. This 4,048 square foot home was built in 1950. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $8,395,000.
In October 2024 more than 62 listings in Miami, FL were sold above the asking price. During the same period more than 129 listings were sold at asking price, while more than 507 were sold below. Between September 2024 and October 2024, Miami, FL real estate market has seen increase in the number of listings by 8.3%. In October 2024, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $560,436.
From Rocket Homes Real Estate and based on county public records data.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Live Theatre
Live Theatre
Hiking/backpacking
Tennis
Bloomingdales
Crate & Barrel
Banana Republic
Boston Market
Starbucks
Jack In The Box
Mercedes
Audi
BMW
News
Alternative
Jazz