$700,000
SOLD NOV 18, 2021

5863 Paradise Point Dr Palmetto Bay, FL 33157

-- Bed
-- Bath
-- Sq Ft
7,342 Sq Ft Lot

Recently Sold

22% Below List Price

168 Days on Market

Highlights

  • Marina
  • Property has ocean access
  • Property Fronts a Bay or Harbor
  • Coral Reef Elementary School Rated A
  • Boat Dock
  • Fitness Center

About This Home

As of November 2021

Amazing opportunity to build your dream home on this beautiful bay front vacant lot in Exclusive Paradise Point. This is Resort style living at it's best. This lot is located in the private community of Royal Harbor Yacht Club with 24 hour security, clubhouse, two tennis courts , heated pool, gym, private beach with volleyball court, nature walk to bay and full service marina.

Last Agent to Sell the Property

Maggie Salas

Bestway Realty Sales, LLC License #3320559 Listed on: 04/06/2021

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: 04/06/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,586

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 7,342 Sq Ft Lot
  • 70 Ft Wide Lot
  • Property Fronts a Bay or Harbor
  • South Facing Home
  • Property is zoned 0102

HOA Fees

  • $691 Monthly HOA Fees

Parking

  • 4 Car Attached Garage
  • Driveway
  • Guest Parking
  • Open Parking

Property Views

  • Bay
  • Garden

Outdoor Features

  • Above Ground Pool
  • Property has ocean access
  • Beach Access
  • Mangrove Front

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

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

Community Details

Overview

  • Paradise Point 1St Amendm Subdivision

Recreation

  • Boat Dock
  • Marina
  • Tennis Courts
  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,586

Year Built

Built in 2021 | New Construction

Lot Details

0

HOA Fees

$691 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Year Built: 2021
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Three Or More Stories
  • Co List Office Mls Id: BRSL01
  • Co List Office Phone: 305-359-5801
  • Road Frontage Type: Bay
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Community Boat Dock,Unrestricted Salt Water Access, Beach,Community Marina
  • New Construction: Yes
  • Structure Type: House
  • Subdivision Name: PARADISE POINT 1ST AMENDM
  • Year Built Details: New Construction
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: 4098

Interior Features

  • Appliances: Other Equipment/Appliances
  • Interior Amenities: First Floor Entry, Other
  • Spa Yn: No
  • Flooring: Other
  • Furnished: Unfurnished
  • Possible Use: Unknown/Withheld
  • Bedroom Features: Other
  • Living Room Features: Other

Exterior Features

  • Roof: Other
  • View: Bay, Garden
  • Exterior Features: None
  • Direction Faces: South
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Features: Above Ground
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Access, Mangrove Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: PARADISE POINT 1ST AMENDM
  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Open Parking: Yes
  • Parking Features: Driveway, Guest

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 2073
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Community Features: Pool, Tennis Court(s), Exercise Room
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Lot Info

  • Parcel Number: 33-50-25-009-0080
  • Lot Size Sq Ft: 7342
  • Zoning: 0102
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

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

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
11.74%

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $500,000 Attorney
Special Warranty Deed $325,000 Attorney
Trustee Deed $200,100 None Available
Warranty Deed $1,000,000 Attorney
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $400,000 Balloon
Closed $250,000 Construction
Closed $400,000 Balloon
Previous Owner $757,500 Purchase Money Mortgage
Previous Owner $400,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 For Sale $1,395,000 +99.3% --
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

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A11023899

MIAMI REALTORS® MLS

APN: 33-5025-009-0080