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5848 Paradise Point Dr, Palmetto Bay, FL, 33157

$6,499,000

6 Bedrooms
5 Full Baths, 1 Partial
5,870 SqFt
$1,107/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Driveway, Garage, Golf Cart Garage, Guest, Garage Door Opener
Attached Garage2 spaces
Year Built2004
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s), Electric
WaterfrontCanal, Ocean Access
ViewCanal, Water
MLS #A11691202
StatusActive

About 5848 Paradise Point Dr

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Detached
  • Year Built: 2004
  • Living Area: 5,870 SqFt

Listing Office:

  • Office Name: Bestway Realty Sales, LLC
  • Office Phone: (305) 359-5801
  • Listing Agent: Maggie Salas

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator, Trash Compactor, Washer
  • Flooring Type: Marble, Other
  • Interior: Bedroom on Main Level, Entrance Foyer, First Floor Entry, Fireplace, High Ceilings, Pantry, Upper Level Primary, Walk-In Closet(s), Elevator

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Waterfront: Canal, Ocean Access
  • View: Canal, Water
  • Exterior: Balcony, Barbecue, Security/High Impact Doors, Lighting, Outdoor Grill, Porch

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Driveway, Garage, Golf Cart Garage, Guest, Garage Door Opener

Virtual/3D Tour

  • Virtual Tour: 5848 Paradise Point Dr
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s), Electric

Other

Directions Information:

  • Directions: SW 67 Ave to 152 St, East over the Bridge and into Private Island to the end on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $6,499,000
  • Price Per SqFt: $1,107/SqFt

HOA Fees:

  • Amount: $669
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $24,518
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Palmetto Bay, FL.

Med. Sold Price

$1.0M

Med. Price/SqFt

$444

Avg. Days On Market

45

# of Sold Homes

24

5848 Paradise Point Dr vs Palmetto Bay

5 DAYS ON ROCKET

-40 Days

$6,499,000

+$5.4M More

$1,107/SqFt

+$663 More

KEY TAKEAWAY

This property is $5.4M more than the Median Sold Price and $663/SqFt more than other homes in Palmetto Bay, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11691202

Listing Office:

  • Office Name: Bestway Realty Sales, LLC
  • Office Phone: (305) 359-5801
  • Listing Agent: Maggie Salas

IDX © 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 10:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$24,518$1,378,018
2018$23,612$1,357,560
2017$24,248$1,368,083

History based on county public records data.

Payment Calculator

$33.1K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$19.5K

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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.

Nearby Schools

school-card-donut-399233
9
/10
  • Coral Reef Elementary School

  • 7955 SW 152nd St

  • 2.10 miles

  • Public District Grades PK-5

school-card-donut-399234
7
/10
  • Howard Drive Elementary School

  • 7750 SW 136th St

  • 2.11 miles

  • Public District Grades PK-5

school-card-donut-399235
10
/10
  • Palmetto Elementary School

  • 12401 SW 74th Ave

  • 2.32 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $164,888. Residents of Palmetto Bay, FL typically earn between $100k-200k each year. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5848 Paradise Point Dr

What is the listing price of this property?

The listing price of 5848 Paradise Point Dr property is $6,499,000.

What type of property is this?

The property 5848 Paradise Point Dr is a house located in Palmetto Bay, Florida, 33157.

Is this property for sale now?

Active Listing: 5848 Paradise Point Dr 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 $24,518 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5848 Paradise Point Dr has 6 bedrooms and 5 full and 1 half bathrooms.

What is the square footage of this property?

The property 5848 Paradise Point Dr is 5,870 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5848 Paradise Point Dr is 2004.
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Rocket HomesFloridaMiami-Dade CountyPalmetto Bay331575848 Paradise Point Dr

This home is located at 5848 Paradise Point Dr in Palmetto Bay, FL and zip code 33157 in the Paradise Point / Royal Harbor Yacht Club neighborhood. This 5,870 square foot home was built in 2004. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $6,499,000.

In October 2024, from all listings sold in Palmetto Bay, FL there were more than 3 sold above asking price, over 14 sold below and more than 7 were sold right at the asked price. Between September 2024 and October 2024, Palmetto Bay, FL real estate market has seen increase in the number of listings by 10.5%. In October 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $1,050,000.

From Rocket Homes Real Estate and based on county public records data.

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