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    5863 Paradise Point Dr Palmetto Bay, FL 33157

    For Sale
    $1,500,000

    Residential - Palmetto Bay, FL

    Lot size:
    0.30 Acres
    Days on Market:
    45
    Last Refresh:
    Dec 10 at 3:06 am

    Property Features for 5863 Paradise Point Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    0102
    APN
    33-50-25-009-0080
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Expense value
    2645
    Expense
    Home Owner Assessments Fee

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Ocean Access, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Keyes Company Realtors (305) 371-3592 [email protected]

    Listing agent Vanessa Hernandez (305) 531-5803 License #3059919

    Listing date Oct 27, 2025

    MLS# A11903599 Listing URL

    Copyright © 2025 Miami Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Bayfront Lot in Paradise Point

    This bayfront vacant lot is located in the exclusive Paradise Point community. Situated within the Royal Harbour Yacht Club, residents benefit from 24-hour security, a clubhouse, tennis and pickleball courts, a heated pool and spa, a fitness center, and a private beach with a volleyball court. A scenic path leads to the bay, and a full-service marina is nearby. This property offers the opportunity to build a custom waterfront home within a gated community in South Florida. The lot size is 0.3 acres and is located in Palmetto Bay, Florida.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Dental Office Auto Repair Shop Gym & Fitness Food Market Grocery Store Electrical Service Daycare Center Coworking Space Supermarket

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palmetto Bay
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.28882
    Latitude
    25.629557

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    FAQs

    What type of property is this?
    Land - Vacant bayfront lot in gated community with resort-style amenities.
    Where is this land located?
    The property is located at 5863 Paradise Point Dr Palmetto Bay, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Final bayfront vacant lot in exclusive Paradise Point.; - Located within the prestigious Royal Harbour Yacht Club.; - Enjoy 24-hour security in a coveted gated community.
    (305) 531-5803
    Request Owner's contact information
    5863 Paradise Point Dr Palmetto Bay, FL 33157
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    Palmetto Bay, FL 33157
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5863 Paradise Point Dr Palmetto Bay, FL 33157
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