NOT LISTED FOR SALE

5840 Paradise Point Dr Palmetto Bay, FL 33157

Estimated Value: $2,639,342 - $3,511,000

4 Beds
4.5 Baths
2,829 Sq Ft
$1,145/Sq Ft Est. Value

Last Sold March 15, 2021

Last sale price $2,050,000 $725 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $19,828/month

4 Days on Market

Highlights

  • Marina
  • Full Boat Services
  • Tennis Courts
  • Coral Reef Elementary School Rated A
  • Deeded Boat Dock
  • Home fronts a canal

About This Home

As of March 2021

WATERFRONT SINGLE FAMILY HOME! Direct Bay/Ocean Access with NO Bridges to Bay! Incredible Offer under $2M for a Waterfront Home with Incredible Downtown/Deering Bay Views. Price Includes Boat Slip and Option for an Additional Slip. Amazing Corner Unit With Impact Windows and Doors on Cul-De-Sac in the Exclusive Privately Gated Paradise Point at Royal Harbour Yacht Club. Enjoy all the Amenities Including Private Beach/Cabana, Heated Pool/Spa, Clubhouse, Fitness Center, Two Tennis Courts, Nature Trail, Private Marina and So Much More. Home is in Move-In Condition and Features a Wonderful Opportunity to Live a Resort Lifestyle. Please see Virtual tour!

Last Agent to Sell the Property

Maggie Salas

Bestway Realty Sales, LLC License #3320559 Listed on: 01/09/2021

Co-Listed By

Lawrence Salas

Bestway Realty Sales, LLC License #3374468

Last Buyer's Agent

Maggie Salas

Bestway Realty Sales, LLC License #3320559 Listed on: 01/09/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,911

Year Built

  • Built in 2001

Lot Details

  • 5,040 Sq Ft Lot
  • 70 Ft Wide Lot
  • Home fronts a canal
  • South Facing Home
  • Property is zoned 0102

HOA Fees

  • $669 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Driveway
  • Paver Block
  • Open Parking

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2,829 Sq Ft Home
  • Vaulted Ceiling
  • Family Room
  • Formal Dining Room
  • Sun or Florida Room
  • Wood Flooring
  • Canal Views
  • Complete Impact Glass

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Maid or Guest Quarters
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Outdoor Features

  • Full Boat Services
  • No Fixed Bridges
  • Canal Width 1-80 Feet
  • Unrestricted saltwater access
  • Seawall
  • Deeded Boat Dock
  • Tennis Courts
  • Balcony
  • Patio
  • Exterior Lighting
  • Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 33-50-25-009-0060

Community Details

Overview

  • Paradise Point 1St Amendm Subdivision

Amenities

  • Clubhouse

Recreation

  • Marina
  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,911

Year Built

Built in 2001

Lot Details

0

HOA Fees

$669 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, Three Or More Stories, Multi Level
  • Co List Office Mls Id: BRSL01
  • Co List Office Phone: 305-359-5801
  • Directions: Take SW 152 St East until you reach Royal Harbour Yacht Club Gate.
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Dock,Dock Available,Unrestricted Salt Water Access, Community Marina,Dock Owned/Included,Full Service
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: PARADISE POINT 1ST AMENDM
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Trash Compactor, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Pantry, Volume Ceilings, Walk-In Closet(s), Family Room, Florida Room, Maid/In-Law Quarters, Utility Room/Laundry
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Other, Wood
  • Furnished: Unfurnished
  • Living Area: 2829
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Window Features: Clear Impact Glass, Complete Impact Glass, Impact Glass
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Upstairs
  • Dining Room Features: Formal Dining
  • Living Room Features: Family Room, Florida Room, Maid/In-Law Quarters, Utility Room/Laundry
  • Master Bathroom Features: Separate Tub & Shower

Exterior Features

  • Roof: Barrel Roof
  • View: Canal, Other
  • Exterior Features: Lighting, Open Balcony, Tennis Court(s)
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Balcony, Open Porch, Patio
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/Ocean Access, Canal Front, Canal Width 1-80 Feet, No Fixed Bridges, Seawall
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: PARADISE POINT 1ST AMENDM
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway, Paver Block

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry, Washer/Dryer Hook-Up

Condo/Co-op/Association

  • Association Fee: 2008
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Community Features: Clubhouse, Pool, Tennis Court(s)
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 33-50-25-009-0060
  • Lot Size Sq Ft: 5040
  • Zoning: 0102
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 13911

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2021
Sold by
Lopez Albert J
Bought by
Lopez Albert S and Albert S Lopez Revocable Trust
Current Estimated Value
$3,240,586

Purchase Details

Listed on
Jan 9, 2021
Closed on
Mar 15, 2021
Sold by
Lau Terry Teryi and Lau Susie Ngov
Bought by
Lopez Albert
Seller's Agent
Maggie Salas
Bestway Realty Sales, LLC
Buyer's Agent
Maggie Salas
Bestway Realty Sales, LLC
List Price
$1,995,000
Sold Price
$2,050,000
Premium/Discount to List
$55,000
2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.10%

Purchase Details

Closed on
Apr 27, 2005
Sold by
Pilkington Arnold D and Pilkington Shelby Hairston
Bought by
Benjamin Devin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 6, 2001
Sold by
Paradise Point Corp
Bought by
Pilkington Arnold D and Pilkington Shelby H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$661,000
Interest Rate
7.06%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lopez Albert S -- None Available
Lopez Albert $2,050,000 Attorney
Benjamin Devin $1,520,000 --
Pilkington Arnold D $776,500 --
Pilkington Arnold D $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Benjamin Devin $1,000,000
Previous Owner Pilkington Arnold D $832,800
Previous Owner Pilkington Arnold D $785,000
Previous Owner Pilkington Arnold D $100,000
Previous Owner Pilkington Arnold D $661,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2021 03/15/21 Sold $2,050,000 +2.8% $725 / Sq Ft
01/13/2021 01/13/21 For Sale $1,995,000 0.0% $705 / Sq Ft
01/12/2021 01/12/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $1,995,000 -- $705 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

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
2025 $25,353 $1,431,570 $655,071 $776,499
2024 $24,044 $1,403,237 -- --
2023 $24,044 $1,275,670 $0 $0
2022 $20,786 $1,159,700 $478,706 $680,994
2021 $14,191 $798,561 $0 $0
2020 $13,911 $787,536 $0 $0
2019 $13,603 $769,830 $0 $0
2018 $13,031 $755,476 $0 $0
2017 $12,997 $739,938 $0 $0
2016 $12,965 $724,719 $0 $0
2015 $13,203 $719,682 $0 $0
2014 $13,368 $713,971 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Maggie Salas

    Seller's Agent in 2021

    Maggie Salas

    Bestway Realty Sales, LLC

    (305) 297-5871

    37 in this area

    69 Total Sales

    Maggie Salas
    Section Image
  • Lawrence Salas

    Seller Co-Listing Agent in 2021

    Lawrence Salas

    Bestway Realty Sales, LLC

    (305) 562-5800

    22 in this area

    65 Total Sales

    Lawrence Salas
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10980526

MIAMI REALTORS® MLS

APN: 33-5025-009-0060

Florida Miami/Dade County Palmetto Bay 33157

5840 Paradise Point Dr, Palmetto Bay, FL

Not Listed for Sale

Detached

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