NOT LISTED FOR SALE

5844 Paradise Point Dr Palmetto Bay, FL 33157

Estimated Value: $3,477,000 - $4,179,000

5 Beds
6 Baths
3,926 Sq Ft
$975/Sq Ft Est. Value

Last Sold February 11, 2022

Last sale price $3,050,000 $777 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $23,465/month

63 Days on Market

Highlights

  • Marina
  • Ocean View
  • Up to 50-Foot Boat
  • Coral Reef Elementary School Rated A
  • Deeded Boat Dock
  • Full Boat Services

About This Home

As of February 2022

Imagine Yourself Surrounded by Water in Paradise. At the southern Tip of the Gables Waterway Sits a Truly Unique Residence. Nestled Among Wildlife w/Stunning Water Views sits this Breathtaking Home in Exclusive Paradise Point. An Entertainers Dream with an Amazing Rooftop Deck, Panoramic Views Throughout the Home & Direct Access to South Florida's Biscayne Bay Makes This Home Ideal for Anyone Looking to Soak Up the Sun & Enjoy Island Life. Property Boasts an Updated Chefs Kitchen w/High-End Appliances, Impact Windows & Doors, Elevator, 5 Bedrooms, 6 Baths & Much Much More. Community Amenities Incl: Among Many Things, a Private Beach, Heated Pool, Gym, Tennis Courts, Nature Walk & Clubhouse. Larger than Tax Roll! 2 Boat Slips Available for an Additional Price. Owner Financing Available

Last Agent to Sell the Property

Maggie Salas

Bestway Realty Sales, LLC License #3320559 Listed on: 12/09/2021

Last Buyer's Agent

Iliana Abella

Compass Florida, LLC License #0519307

Compass Florida, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,229

Year Built

  • Built in 2003

Lot Details

  • 5,345 Sq Ft Lot
  • 100 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
  • Driveway
  • Guest Parking
  • Open Parking
  • Golf Cart Parking

Property Views

  • Ocean
  • Canal

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,926 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • French Doors
  • Family Room
  • Recreation Room
  • Sun or Florida Room

Kitchen

  • Gas Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • 6 Full Bathrooms
  • Bidet
  • Dual Sinks

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Home Security

  • High Impact Windows
  • High Impact Door

Outdoor Features

  • Full Boat Services
  • No Fixed Bridges
  • Property is near a marina
  • Canal Width is 121 Feet or More
  • Unrestricted saltwater access
  • Up to 50-Foot Boat
  • Deeded Boat Dock
  • Balcony
  • Deck
  • Exterior Lighting

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 33-50-25-009-0050

Community Details

Overview

  • Paradise Point 1St Amendm Subdivision

Recreation

  • Marina

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,229

Year Built

Built in 2003

Lot Details

0

HOA Fees

$669 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2003
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Three Or More Stories, Multi Level
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Dock,Dock Available,Unrestricted Salt Water Access, Dock Available,Full Service,Marina,Private Dock,Up to 50 Ft Boat
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: PARADISE POINT 1ST AMENDM
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Gas Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Built-in Features, Elevator, French Doors, Walk-In Closet(s), Family Room, Florida Room, Recreation Room, Utility Room/Laundry
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 6
  • Total Bedrooms: 5
  • Door Features: High Impact Doors, French Doors
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 3926
  • Other Equipment: Elevator, Natural Gas
  • Possible Use: Primary
  • Window Features: Complete Impact Glass, High Impact Windows
  • Bedroom Features: Master Bedroom Upstairs
  • Living Room Features: Family Room, Florida Room, Recreation Room, Utility Room/Laundry
  • Master Bathroom Features: Bidet, Dual Sinks

Exterior Features

  • Roof: Barrel Roof
  • View: Canal, Ocean
  • Exterior Features: Lighting, Open Balcony
  • Construction Type: CBS Construction
  • Direction Faces: South
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Deck, Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/Ocean Access, Canal Front, Canal Width 121 Feet Or More, No Fixed Bridges
  • 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, Golf Cart Parking, Guest

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Utility Room/Laundry

Condo/Co-op/Association

  • Association Fee: 2008
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Community Features: Gated Community
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 33-50-25-009-0050
  • Lot Size Sq Ft: 5345
  • Zoning: 0102
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 11229

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2021
Closed on
Feb 10, 2022
Sold by
Zelhof Ronald P
Bought by
Pizarro Pedro P and Pizarro Olga
Seller's Agent
Maggie Salas
Bestway Realty Sales, LLC
Buyer's Agent
Iliana Abella
Compass Florida, LLC
List Price
$2,800,000
Sold Price
$3,050,000
Premium/Discount to List
$250,000
8.93%
Current Estimated Value
$3,829,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$779,699
Avg. Annual Appreciation
6.09%
Original Mortgage
$1,677,500
Interest Rate
3.55%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jan 10, 2013
Closed on
Jun 27, 2013
Sold by
Kaminsky Richard A
Bought by
Zelhof Ronald P and Zelhof Carla M
Seller's Agent
Josie Wang
Brown Harris Stevens
Buyer's Agent
Carla Zelhof
Divina Realty, LLC
List Price
$1,725,000
Sold Price
$1,550,000
Premium/Discount to List
-$175,000
-10.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%
Original Mortgage
$360,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2003
Sold by
Paradise Point Corp
Bought by
Kaminsky Richard A and Kaminsky Nancy A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pizarro Pedro P $2,700,000 Sun City Title
Zelhof Ronald P $1,460,000 Attorney
Kaminsky Richard A $1,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Pizarro Pedro P $1,677,500
Previous Owner Zelhof Ronald P $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/12/2022 02/12/22 Pending -- -- --
02/11/2022 02/11/22 Sold $3,050,000 +8.9% $777 / Sq Ft
12/09/2021 12/09/21 For Sale $2,800,000 +80.6% $713 / Sq Ft
06/27/2013 06/27/13 Sold $1,550,000 -8.8% $294 / Sq Ft View Prior Sale
05/20/2013 05/20/13 Pending -- -- --
02/18/2013 02/18/13 Price Changed $1,699,900 -1.5% $322 / Sq Ft
01/10/2013 01/10/13 For Sale $1,725,000 -- $327 / 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 $31,823 $1,883,503 -- --
2024 $30,930 $1,830,421 -- --
2023 $30,930 $1,777,108 $0 $0
2022 $11,230 $653,742 $0 $0
2021 $11,229 $634,701 $0 $0
2020 $11,008 $625,938 $0 $0
2019 $10,763 $611,866 $0 $0
2018 $10,307 $600,458 $0 $0
2017 $10,277 $588,108 $0 $0
2016 $10,244 $576,012 $0 $0
2015 $10,431 $572,008 $0 $0
2014 $10,560 $567,469 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Maggie Salas

    Seller's Agent in 2022

    Maggie Salas

    Bestway Realty Sales, LLC

    (305) 297-5871

    37 in this area

    69 Total Sales

    Maggie Salas
    Section Image
  • Iliana Abella

    Buyer's Agent in 2022

    Iliana Abella

    Compass Florida, LLC

    (305) 505-0488

    2 in this area

    70 Total Sales

    Iliana Abella
    Section Image
  • Josie Wang

    Seller's Agent in 2013

    Josie Wang

    Brown Harris Stevens

    (305) 666-9759

    4 in this area

    87 Total Sales

    Josie Wang
    Section Image
  • Carla Zelhof

    Buyer's Agent in 2013

    Carla Zelhof

    Divina Realty, LLC

    (786) 286-2272

    1 in this area

    12 Total Sales

    Carla Zelhof
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11134330

MIAMI REALTORS® MLS

APN: 33-5025-009-0050

Florida Miami/Dade County Palmetto Bay 33157

5844 Paradise Point Dr, Palmetto Bay, FL

Not Listed for Sale

Detached

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