5 months on rocket

5863 Paradise Point Dr, Palmetto Bay, FL, 33157

$1,799,000

0.17 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeResidential
WaterfrontBay Front
ViewBay, Ocean
MLS #A11604940
Lot Size0.17 Acres
StatusActive

About 5863 Paradise Point Dr

Amazing opportunity to build your dream home on this beautiful bayfront vacant lot in exclusive Paradise Point. Experience resort-style living at its best within the private, secure community of Royal Harbor Yacht Club. Enjoy 24-hr security, clubhouse, two tennis courts, heated pool, gym, and private beach with volleyball court. Take a serene nature walk to the beach to enjoy the bay view or dock your boat at the full-service marina. This lot comes with complete architectural and engineering plans for a stunning 6,000sf home featuring a rooftop pool with panoramic views of southern Biscayne Bay. The plans have been approved by both the City of Palmetto Bay and the Royal Yacht Harbor Club/Paradise Point HOA. Don't miss out on this exceptional opportunity to create your own piece of paradise

Property Details

Property Features

Listing Office:

  • Office Name: Compass Florida LLC
  • Office Phone: (305) 851-2820
  • Listing Agent: Audrey Ross

Exterior Features

Exterior Information:

  • Waterfront: Bay Front
  • View: Bay, Ocean

Virtual/3D Tour

  • Virtual Tour: 5863 Paradise Point Dr
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,799,000

Tax Information:

  • Annual Amount: $9,586
  • 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

5863 Paradise Point Dr vs Palmetto Bay

162 DAYS ON ROCKET

+117 Days

$1,799,000

+$749K More

KEY TAKEAWAY

This property is $749K more than the Median Sold Price in Palmetto Bay, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11604940

Listing Office:

  • Office Name: Compass Florida LLC
  • Office Phone: (305) 851-2820
  • Listing Agent: Audrey Ross

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: 11/21/2024, 7:20:48 PM 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$9,586$533,641
2018$9,378$533,641
2017$9,558$533,641

History based on county public records data.

Payment Calculator

$9,046

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,460

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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-400479
9
/10
  • Coral Reef Elementary School

  • 7955 SW 152nd St

  • 2.09 miles

  • Public District Grades PK-5

school-card-donut-400480
7
/10
  • Howard Drive Elementary School

  • 7750 SW 136th St

  • 2.11 miles

  • Public District Grades PK-5

school-card-donut-400481
10
/10
  • Palmetto Elementary School

  • 12401 SW 74th Ave

  • 2.33 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. Typical income of Palmetto Bay, FL residents is between $100k-200k annually. Most families are married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5863 Paradise Point Dr

What is the listing price of this property?

The listing price of 5863 Paradise Point Dr property is $1,799,000.

What type of property is this?

The property 5863 Paradise Point Dr is land located in Palmetto Bay, Florida, 33157.

Is this property for sale now?

Active Listing: 5863 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 $9,586 (source: MLS/based on county public records data).

How much acreage is this property?

The property 5863 Paradise Point Dr is 0.17 acres.
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Rocket HomesFloridaMiami-Dade CountyPalmetto Bay331575863 Paradise Point Dr

This home is located at 5863 Paradise Point Dr in Palmetto Bay, FL and zip code 33157 in the Paradise Point / Royal Harbor Yacht Club neighborhood. This home sits on a 0.17 acre lot. It has been listed on Rocket Homes since June 12, 2024 and is currently priced at $1,799,000.

While more than 3 listings in Palmetto Bay, FL in October 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 14 were sold below. In October 2024 in Palmetto Bay, FL there were 10.5% more homes for sale than in September 2024. 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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