NOT LISTED FOR SALE

5863 Paradise Point Dr Palmetto Bay, FL 33157

Estimated Value: $1,381,000 - $1,675,000

0.17 Acre
$8,595,829 Price per Acre
7,342 Sq Ft Lot

Last Sold November 18, 2021

Last sale price $700,000

Est. 109% increase in value since last sale

Current estimated payment $9,112/month

43 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Gated Community
  • Tennis Courts
  • Coral Reef Elementary School Rated A
  • Community Pool
  • Cul-De-Sac

About This Lot

As of November 2021

Amazing opportunity to build your Dream Home on this beautiful Bay Front Vacant Lot in Wonderful Paradise Point. This is Resort Style Living at it's best. This lot in the Private Community of Royal Harbour Yacht Club with Gated 24/7 Security, Clubhouse, Two Tennis Courts, Private Beach with Volleyball Court, Nature Trail to Bay and Full Service Marina.

Last Agent to Sell the Property

Maggie Salas

Bestway Realty Sales, LLC License #3320559 Listed on: 08/09/2021

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: 08/09/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,586

Lot Details

  • 7,342 Sq Ft Lot
  • 50 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • Cul-De-Sac
  • North Facing Home
  • Cleared Lot
  • Property is zoned 0102

Additional Features

  • Bay Views
  • Flood Zone Lot
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 33-50-25-009-0080

Community Details

Overview

  • Paradise Point 1St Amendm Condos
  • Paradise Point 1St Amendm Subdivision
  • Mandatory Home Owners Association

Recreation

  • Tennis Courts
  • Community Pool

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$9,586

Lot Details

0

Listing Details

  • Property Type: Land/Boat Docks
  • Property Sub Type: Residential
  • Co List Office Mls Id: BRSL01
  • Co List Office Phone: 305-359-5801
  • Road Frontage Type: Bay
  • Horses: No
  • Inclusions: None
  • Lot Size Acres: 0.17
  • New Construction: No
  • Road Frontage Type: Private Road
  • Structure Type: Residential
  • Subdivision Name: PARADISE POINT 1ST AMENDM
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Unknown/Withheld

Exterior Features

  • View: Bay View
  • Direction Faces: North
  • Lot Features: Cul-De-Sac Location, Lot Located In A Flood Zone, Less Than 1/4 Acre Lot, Cleared
  • Other Structures: None
  • Pool Private: No
  • View: Yes
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: PARADISE POINT 1ST AMENDM

Utilities

  • Water Source: Municipal Water
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Cable Available, Electricity Available, Sewer Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No
  • Community Features: Pool, Tennis Court(s), Gated Community, Mandatory Hoa

Lot Info

  • Parcel Number: 33-50-25-009-0080
  • Additional Parcels: No
  • Current Use: Residential, Other Usage
  • Development Status: Recorded Plat
  • Lot Size Sq Ft: 7342
  • Zoning: 0102
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 9586

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2020
Sold by
Paradise Point Drive Llc
Bought by
Aguayo Argelio and Aguayo Laura M
Current Estimated Value
$1,461,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
2.9%
Mortgage Type
Balloon

Purchase Details

Listed on
Jun 6, 2011
Closed on
Jan 13, 2012
Sold by
Ocean Bank
Bought by
Paradise Point Drive Llc
Seller's Agent
Elsa Maria Chomat
County Line Realty
Buyer's Agent
Elsa Maria Chomat
County Line Realty
List Price
$477,000
Sold Price
$325,000
Premium/Discount to List
-$152,000
-31.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.64%

Purchase Details

Closed on
Feb 4, 2011
Sold by
Prendes Alexander
Bought by
Ocean Bank

Purchase Details

Closed on
Jan 29, 2007
Sold by
Tri Gro Investment Llc
Bought by
Prendes Alexander and Prendes Stella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$757,500
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2005
Sold by
Paradise Point Corp
Bought by
Tri Gro Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.62%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Aguayo Argelio $500,000 Attorney
Paradise Point Drive Llc $325,000 Attorney
Ocean Bank $200,100 None Available
Prendes Alexander $1,000,000 Attorney
Tri Gro Investment Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gonzalez-Quevedo Felix Armando $400,000
Closed Gonzalez-Quevedo Felix Armando $250,000
Closed Aguayo Argelio $400,000
Previous Owner Prendes Alexander $757,500
Previous Owner Tri Gro Investment Llc $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2021 11/18/21 Sold $700,000 0.0% --
11/18/2021 11/18/21 Sold $700,000 -11.9% --
09/21/2021 09/21/21 Pending -- -- --
09/21/2021 09/21/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $795,000 0.0% --
07/01/2021 07/01/21 Price Changed $795,000 -11.2% --
04/06/2021 04/06/21 For Sale $895,000 +175.4% --
01/13/2012 01/13/12 Sold $325,000 -31.9% --
12/28/2011 12/28/11 Pending -- -- --
06/06/2011 06/06/11 For Sale $477,000 -- --
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 $13,997 $843,451 -- --
2024 $13,335 $766,774 -- --
2023 $13,335 $697,068 $0 $0
2022 $11,080 $633,699 $633,699 $0
2021 $9,647 $533,641 $533,641 $0
2020 $9,586 $533,641 $533,641 $0
2019 $9,593 $533,641 $533,641 $0
2018 $9,379 $533,641 $533,641 $0
2017 $9,558 $533,641 $0 $0
2016 $9,762 $533,641 $0 $0
2015 $10,020 $533,641 $0 $0
2014 $10,231 $533,641 $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

  • L

    Seller Co-Listing Agent in 2021

    Lawrence Salas

    Bestway Realty Sales, LLC

    (305) 562-5800

    24 in this area

    62 Total Sales

    Lawrence Salas
    Section Image

  • E

    Seller's Agent in 2012

    Elsa Maria Chomat

    County Line Realty

    1 in this area

    21 Total Sales

    Elsa Maria Chomat
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11082190

MIAMI REALTORS® MLS

APN: 33-5025-009-0080

Florida Miami/Dade County Palmetto Bay 33157

5863 Paradise Point Dr, Palmetto Bay, FL

This home is located at 5863 Paradise Point Dr, Palmetto Bay, FL 33157 since 09 August 2021 and is currently estimated at $1,461,291. 5863 Paradise Point Dr is a home located in Miami-Dade County with nearby schools including Coral Reef Elementary School, Southwood Middle School, and Arthur And Polly Mays Conservatory Of The Arts.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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