8 months on rocket

5867 Paradise Point Dr, Palmetto Bay, FL, 33157

$4,500,000

4 Bedrooms
3 Full Baths, 2 Partial
3,167 SqFt
$1,421/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Driveway, Garage, Guest, Paver Block
Attached Garage2 spaces
Year Built2003
HeatingCentral
CoolingCentral Air
WaterfrontBay Front
ViewBay, Water
MLS #A11555878
StatusActive

About 5867 Paradise Point Dr

PRICE IMPROVEMENT!!!! Enjoy the breathtaking water views from this amazing BAYFRONT 4 story home in Paradise Point. A private, gated community of 12 homes w/bay views & direct ocean access. Larger than Tax Roll. Enjoy water views from every floor of this 4 bed, 3 bath & 2 half baths single family home featuring impact windows & doors, marble floors & wood floors, high ceilings, updated kitchen & baths, elevator, formal entertaining areas, master suite w/a beautiful walk-in closet, rooftop terrace & 2 Car Garage. Enjoy the South Florida Lifestyle! Walk out to your backyard & launch your paddle-board or kayak. Enjoy Paradise at it's fullest w/amenities such as beach, full service marina, heated pool & spa, clubhouse, gym, tennis & pickle-ball courts, nature trail to bay & 24 hour security.

Property Details

Property Features

Property Information:

  • Architectural Style: Detached
  • Year Built: 2003
  • Living Area: 3,167 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Oven, Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Flooring Type: Marble, Wood
  • Interior: Bedroom on Main Level, Entrance Foyer, First Floor Entry, Fireplace, Walk-In Closet(s), Elevator

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Bay Front
  • View: Bay, Water
  • Exterior: Balcony, Security/High Impact Doors

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Driveway, Garage, Guest, Paver Block

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: 67 AVE SOUTH TO SW 152 STREET, TURN LEFT- (EAST) TO GUARD GATE. FOLLOW ROAD TO THE END WHICH IS PARADISE POINT. HOUSE IS ON THE RIGHT, ON THE BAY.

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,500,000
  • Price Per SqFt: $1,421/SqFt

HOA Fees:

  • Amount: $2465
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $20,197
  • 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

5867 Paradise Point Dr vs Palmetto Bay

242 DAYS ON ROCKET

+197 Days

$4,500,000

+$3.4M More

$1,421/SqFt

+$977 More

KEY TAKEAWAY

This property is $3.4M more than the Median Sold Price and $977/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: #A11555878

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: 11/21/2024, 9:20:47 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$20,197$1,097,357
2018$17,192$992,277
2017$17,618$997,966

History based on county public records data.

Payment Calculator

$23.3K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$13.5K

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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-422935
9
/10
  • Coral Reef Elementary School

  • 7955 SW 152nd St

  • 2.08 miles

  • Public District Grades PK-5

school-card-donut-422936
7
/10
  • Howard Drive Elementary School

  • 7750 SW 136th St

  • 2.10 miles

  • Public District Grades PK-5

school-card-donut-422937
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. The majority of Palmetto Bay, FL residents have income between $100k-200k annually. Residents typically live in married, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5867 Paradise Point Dr

What is the listing price of this property?

The listing price of 5867 Paradise Point Dr property is $4,500,000.

What type of property is this?

The property 5867 Paradise Point Dr is a house located in Palmetto Bay, Florida, 33157.

Is this property for sale now?

Active Listing: 5867 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 $20,197 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5867 Paradise Point Dr has 4 bedrooms and 3 full and 2 half bathrooms.

What is the square footage of this property?

The property 5867 Paradise Point Dr is 3,167 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5867 Paradise Point Dr is 2003.
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Rocket HomesFloridaMiami-Dade CountyPalmetto Bay331575867 Paradise Point Dr

This home is located at 5867 Paradise Point Dr in Palmetto Bay, FL and zip code 33157 in the Paradise Point / Royal Harbor Yacht Club neighborhood. This 3,167 square foot home was built in 2003. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since March 24, 2024 and is currently priced at $4,500,000.

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. The inventory of homes for sale in Palmetto Bay, FL between September 2024 and October 2024 increased by 10.5%. The median list price of listings available in October 2024 was $1,050,000, while the average time on the real estate market was 45 days.

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

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