$1,100,000
5863 Paradise Point Drive
Palmetto Bay, FL 33157
PARADISE POINT 1ST AMENDM
Explore the area: Palmetto Bay homes for sale · Miami Dade County real estate
Price Check
How this price compares
- List price
- $1,100,000
- Price per sq ft
- N/A
- Original price
- $1,500,000
- Days on market
- 351
This lot in ZIP 33157 is listed at $1,100,000. The asking price has come down 26.7% from its original $1,500,000. It has been on the market for 351 days.
Estimated monthly payment
$5,781 /mo
Principal and interest only, based on $220,000 down (20%), a 6.875% 30-year fixed rate. Property taxes, homeowners insurance are not included.
Customize this estimateListing Snapshot
- Price
- $1,100,000
- Days on Site
- 351 Days
- Bedrooms
- 0
- Total Baths
- 0
- Lot Size
- 0.3 Acres
- Property Type
- Land
- MLS #
- A11903599
- Property Tax
- $13,997 (2024)
- Subdivision
- PARADISE POINT 1ST AMENDM
- County
- Miami Dade
- Status
- Active
About This Property
Discover the final bayfront vacant lot in exclusive Paradise Point, where every day feels like a resort getaway. Nestled within the prestigious Royal Harbour Yacht Club, enjoy 24-hour security, clubhouse, tennis and pickleball courts, heated pool and spa, fitness center, and a private beach with volleyball court. Stroll the scenic path to the bay or set sail from the full-service marina just steps away. This isn’t just land—it’s your canvas to build a custom waterfront home in one of South Florida’s most coveted gated communities.
MLS media linkGeneral Features
- Property Type
- Land
- Status
- Active
- Direction Faces
- East
- Lot Size (Acres)
- 0.3
- Sewer
- Public Sewer
- Water Source
- Public
- Zoning
- 0102
Exterior Features
- Pool Features
- Association
- Waterfront Features
- Bayfront / None / Ocean Access
- Frontage
- Waterfront
- Frontage Length
- 1010.00 ft
- View
- Bay
Community & HOA
- Association Amenities
- Pool / Tennis Courts
- Utilities
- Cable Available / Electricity Available / Sewer Available / Trash Collection / Water Available
- Financing Terms
- Cash / Conventional
- MLS Area
- 2500
Schools
- Elementary School
- Coral Reef (Miami-Dade)
- Middle School
- Southwood
- High School
- Miami Palmetto
Features & Amenities
About the Area
Browse Palmetto Bay homes for sale across every neighborhood and price point in Miami-Dade. Available homes span single-family, townhome, and condo segments throughout the city. Palmetto Bay includes gated golf communities, 55+ active adult neighborhoods, waterfront estates, and newer master-planned subdivisions. HOA fees vary by community type, from modest maintenance fees in non-gated subdivisions to higher dues in full-amenity country clubs. The city sits within Miami-Dade, offering access to South Florida beaches, major employment centers, and healthcare hubs. For current Miami-Dade market data, see Florida Realtors' monthly statistics. Browse the latest Palmetto Bay listings below. Then connect with a Pure Equity agent to schedule a private showing.
- Homes for Sale
- 104
- Under Contract
- 39
- Median List Price
- $1,495,000
- Median Sale Price (September)
- $1,217,500
- Median $/Sq Ft
- $560
- Avg Days on Market
- 95
Frequently Asked Questions
- How do I schedule a tour of 5863 Paradise Point Drive, Palmetto Bay, FL 33157?
- Use the Tour button on this listing to request a showing of 5863 Paradise Point Drive, Palmetto Bay, FL 33157. Pick a day and time and choose an in-person or video-chat tour, and a Pure Equity agent will confirm your visit, often the same day.
- Is 5863 Paradise Point Drive, Palmetto Bay, FL 33157 still available?
- 5863 Paradise Point Drive, Palmetto Bay, FL 33157 is currently listed as Active, and has been on the market 351 days. Status updates directly from the MLS as homes go under contract, so ask us to confirm availability before you plan a visit.
- How much is the monthly payment for 5863 Paradise Point Drive, Palmetto Bay, FL 33157?
- With 20% down ($220,000) on the $1,100,000 list price and a 30-year fixed loan at an illustrative 6.875% rate, the estimated principal & interest for 5863 Paradise Point Drive, Palmetto Bay, FL 33157 is about $5,781/mo, before property taxes, insurance. Use the payment estimate on this page to adjust the down payment and rate.
- How do I get pre-approved to buy 5863 Paradise Point Drive, Palmetto Bay, FL 33157?
- Getting pre-approved shows sellers you're a serious buyer and clarifies your true budget before you offer on 5863 Paradise Point Drive, Palmetto Bay, FL 33157. Contact Pure Equity and we'll connect you with a trusted local lender to review your financing options, no obligation.
- What schools serve 5863 Paradise Point Drive, Palmetto Bay, FL 33157?
- 5863 Paradise Point Drive, Palmetto Bay, FL 33157 is zoned for Coral Reef (Miami-Dade) (elementary), Southwood (middle), Miami Palmetto (high). School assignments and boundaries can change year to year, so confirm current zoning with the local school district before you buy.
- Can I negotiate the price of 5863 Paradise Point Drive, Palmetto Bay, FL 33157?
- Often, yes. The right offer on 5863 Paradise Point Drive, Palmetto Bay, FL 33157 depends on how it's priced against comparable land sales in Palmetto Bay, how long it's been listed, and how motivated the seller is. Pure Equity will run the comps and help you craft a competitive, well-supported offer.
Listing courtesy of Vreeland Real Estate LLC
Listing information is provided by BeachesMLS, Inc.and is deemed reliable but not guaranteed accurate by the MLS or Pure Equity. Information is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. © 2026 BeachesMLS, Inc. Last updated June 23, 2026.
$1,100,000
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Listed by Vanessa Hernandez, Vreeland Real Estate LLC
Map & Location
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Recent Sales
Recently sold homes in ZIP 33157
These are the last 6 recorded closings in ZIP 33157, with the price each home actually sold for rather than what it was listed at. They closed at a median of $463 per square foot. The most recent closed on October 15, 2026. Closed sales are what an appraiser and a buyer's agent will look at, so they are the starting point for pricing a home here.
Sold$883,000
Sold · October 15, 2026
8425 SW 174th Street
4 bed · 3 bath · 1,993 sqft · $443/sqft
$41,999 under the asking price
Sold$1,915,000
Sold · October 14, 2026
8600 SW 162nd Street
6 bed · 3 bath · 3,369 sqft · $568/sqft
$84,000 under the asking price
Sold$720,000
Sold · October 13, 2026
17405 SW 109th Court
3 bed · 2 bath · 1,976 sqft · $364/sqft
$79,000 under the asking price
Sold$875,000
Sold · October 13, 2026
18451 SW 90th Avenue
4 bed · 2 bath · 1,656 sqft · $528/sqft
$4,000 under the asking price
Sold$665,000
Sold · October 13, 2026
9921 SW 195th Street
2 bed · 2 bath
Sold$1,800,000
Sold · October 13, 2026
5996 Paradise Point Drive
3 bed · 4 bath · 3,885 sqft · $463/sqft
$50,000 under the asking price
See every recorded sale in ZIP 33157 or find out what your ZIP 33157 home is worth.
