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$6,499,000

Beds
6
Baths
5.5
sq ft
5,870

5848 Paradise Point Dr, Palmetto Bay, FL 33157

5848 Paradise Point Dr

Palmetto Bay, FL 33157

  • 2 days on market
    • Open house Nov 17
Experience your dream retreat at Royal Harbour’s Paradise Point! This stunning four-story waterfront property seamlessly blends luxury and comfort, featuring 24-hour security for your peace of mind. Relax or entertain under the stars on the beautiful rooftop terrace, and enjoy the convenience of an elevator. The high-impact windows and doors provide safety and quiet, while the deeded boat slip allows you to fully embrace the boating lifestyle with no bridges to the bay. Previously owned by the renowned architect and artist Brito, this home offers plenty of space for family and friends. Community amenities include a private beach, a heated pool, a jacuzzi, tennis and pickleball courts, a basketball court, a gym, a clubhouse, a nature trail, and a full service marina.

Details

Property type

Single Family Residence

Est. home value

$3,074,374

Lot size

5,527 sq ft

Price per sq ft

$1,108

Year built

2004

Annual property taxes

$35,110

Monthly HOA fee

$669

Price History

11/10/2024
SEF

SEF #A11691202

Listed
$6,499,000
+183.18%
06/04/2021
SEF

SEF #A10978380

Sold
$2,295,000

Schools & Community

Elementary school: 

Coral Reef

Middle school: 

Southwood

High school: 

Miami Palmetto

Community features: 

Pool, Gated, Clubhouse, Park, Street Lights, Tennis Court(s), Fitness Center

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Tom Castellanos

Loan start date

January 2023

Original loan amount

$1,550,000

Est. remaining balance

Not provided

Interest rate

6.49%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Miami Speech Institute Llc

Lender

Tom Castellanos

Loan start date

January 2023

Original loan amount

$1,550,000

Est. remaining balance

Not provided

Interest rate

6.49%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Miami Speech Institute Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/13/2024 at 10:50 PM

Listing updated: 11/11/2024 at 3:05 PM

Listed by: Maggie Salas, Bestway Realty Sales, LLC Phone #: (305) 359-5801

MLS: SEF #A11691202

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