NOT LISTED FOR SALE

5860 Paradise Point Dr Palmetto Bay, FL 33157

Estimated Value: $2,571,327 - $4,284,000

4 Beds
4.5 Baths
3,150 Sq Ft
$1,130/Sq Ft Est. Value

Last Sold July 29, 2020

Last sale price $2,300,000 $730 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $20,888/month

368 Days on Market

Highlights

  • Direct Ocean View
  • Property has ocean access
  • Property Fronts a Bay or Harbor
  • Coral Reef Elementary School Rated A
  • Deeded Boat Dock
  • Sitting Area In Primary Bedroom

About This Home

As of July 2020

Enjoy the remarkable water & treetop views from this fantastic three story, 4 bdrm/ 4.5 bath home in the gated community of Paradise Point. A short boat ride from slip #5 (included in the purchase) to Biscayne Bay. Beautiful millwork, crown molding, impact windows/doors, soaring ceilings, expansive terraces, elevator. On the main floor, formal living/dining, chefs kitchen w/ breakfast area. Family rm w/ wet bar. On the second floor, the master suite beckons, spacious bath w/ separate tub & shower & gorgeous views to match plus 2 guest bdrms. The top floor opens to additional family rm. bar and kitchenette, guest bdrm, two patios w/ jacuzzi perfect for gatherings. 2 car garage, gym, covered patio on ground flr. Community amenities, pool, tennis, private beach.

Last Agent to Sell the Property

Drew Kern

BHHS EWM Realty License #0628522 Listed on: 06/14/2019

BHHS EWM Realty

Last Buyer's Agent

Maggie Salas

Bestway Realty Sales, LLC License #3320559

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,367

Year Built

  • Built in 2005

Lot Details

  • 7,339 Sq Ft Lot
  • Lot Dimensions are 140x150
  • Property Fronts a Bay or Harbor
  • South Facing Home
  • Property is zoned 0102

HOA Fees

  • $767 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway
  • Paver Block
  • Open Parking

Home Design

  • Barrel Roof Shape

Interior Spaces

  • 3,150 Sq Ft Home
  • Wet Bar
  • Bar
  • Ceiling Fan
  • Blinds
  • Family Room
  • Formal Dining Room
  • Recreation Room
  • Marble Flooring
  • Direct Ocean Views
  • Complete Impact Glass

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary Bedroom Upstairs
  • Closet Cabinetry
  • Walk-In Closet
  • Dual Sinks
  • Separate Shower in Primary Bathroom

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Outdoor Features

  • Property has ocean access
  • No Fixed Bridges
  • Deeded Boat Dock
  • Balcony
  • Exterior Lighting

Schools

  • Coral Reef Elementary School
  • Southwood Middle School
  • Miami Palmetto High School

Additional Features

  • Accessible Elevator Installed
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 33-50-25-009-0010

Community Details

Overview

  • Paradise Point 1St Amendm Subdivision
  • Maintained Community

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,367

Year Built

Built in 2005

Lot Details

0

HOA Fees

$767 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Three Or More Stories
  • Directions: From SW 152 Street head East until the gated entrance of Paradise Point. Home is through the gate, toward the end on the left.
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Dock,Private Dock, Dock Owned/Included
  • Lot Size: 140x150
  • 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: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Second Floor Entry, Bar, Closet Cabinetry, Elevator, Laundry Tub, Walk-In Closet(s), Wet Bar, Family Room, Recreation Room
  • Spa Yn: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Marble
  • Furnished: Unfurnished
  • Living Area: 3150
  • Other Equipment: Elevator
  • Possible Use: Unknown/Withheld
  • Window Features: Clear Impact Glass, Complete Impact Glass, Blinds
  • Bedroom Features: Sitting Area - Master Bedroom, Master Bedroom Upstairs
  • Dining Room Features: Breakfast Area, Eat-In Kitchen, Formal Dining
  • Living Room Features: Family Room, Recreation Room
  • Master Bathroom Features: Dual Sinks, Separate Tub & Shower

Exterior Features

  • Roof: Barrel Roof
  • View: Direct Ocean, Water
  • Exterior Features: Lighting, Open Balcony
  • Direction Faces: South
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Open Balcony
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/Ocean Access, No Fixed Bridges, Ocean Access
  • 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: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub

Condo/Co-op/Association

  • Association Fee: 2302
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Community Features: Additional Amenities, Clubhouse, Pool, Maintained Community
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Coral Reef
  • High School: Miami Palmetto
  • Middle Or Junior School: Southwood

Lot Info

  • Parcel Number: 33-50-25-009-0010
  • Lot Size Sq Ft: 7339
  • Zoning: 0102
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 18367

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2019
Closed on
Jul 28, 2020
Sold by
Hayes William and William Michael Hayes Living T
Bought by
Castellanos Tom and Castellanos Margarita
Seller's Agent
Drew Kern
BHHS EWM Realty
Buyer's Agent
Maggie Salas
Bestway Realty Sales, LLC
List Price
$2,500,000
Sold Price
$2,300,000
Premium/Discount to List
-$200,000
-8%
Current Estimated Value
$3,558,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,258,332
Avg. Annual Appreciation
8.43%

Purchase Details

Closed on
Jul 14, 2016
Sold by
Hayes William
Bought by
Hayes William

Purchase Details

Closed on
Dec 16, 2010
Sold by
Llord Maria and Moreno Francisco Jose
Bought by
Hayes William M

Purchase Details

Closed on
Jul 10, 2003
Sold by
Paradise Point Corp
Bought by
Llord Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
5.94%
Mortgage Type
Stand Alone First
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
Castellanos Tom $2,300,000 None Available
Hayes William -- Attorney
Hayes William M $1,425,000 Attorney
Llord Maria $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Llord Maria $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2020 07/29/20 Sold $2,300,000 -2.1% $730 / Sq Ft
10/08/2019 10/08/19 Price Changed $2,350,000 -6.0% $746 / Sq Ft
06/14/2019 06/14/19 For Sale $2,500,000 -- $794 / 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 $16,843 $997,074 -- --
2024 $16,298 $968,974 -- --
2023 $16,298 $940,752 $0 $0
2022 $15,769 $913,352 $0 $0
2021 $15,785 $886,750 $0 $0
2020 $20,288 $1,102,450 $533,560 $568,890
2019 $18,697 $1,013,148 $533,560 $479,588
2018 $18,367 $1,018,660 $533,560 $485,100
2017 $18,809 $1,024,172 $0 $0
2016 $19,275 $1,029,685 $0 $0
2015 $19,876 $1,035,198 $0 $0
2014 $20,003 $1,020,424 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Drew Kern

    Seller's Agent in 2020

    Drew Kern

    BHHS EWM Realty

    (305) 282-3000

    113 in this area

    303 Total Sales

    Drew Kern
    Section Image
  • Maggie Salas

    Buyer's Agent in 2020

    Maggie Salas

    Bestway Realty Sales, LLC

    (305) 297-5871

    37 in this area

    69 Total Sales

    Maggie Salas
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10691218

MIAMI REALTORS® MLS

APN: 33-5025-009-0010

Florida Miami/Dade County Palmetto Bay 33157

5860 Paradise Point Dr, Palmetto Bay, FL

Not Listed for Sale

Detached

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