5986 PARADISE POINT DR, Palmetto Bay, FL 33157

Parcel: 3350250050370 · Residential · Townhouse · Zoning: 2800

Assessed Value (2025)
$735,455

Property Details

Beds
2
Baths
2
Living Sqft
2,651
Year Built
1985
Lot Sqft
3,070
Stories
3
RESIDENTIAL - TOTAL VALUE : TOWNHOUSE

Sales History

1
$100non-market transfer
2011-07-11
STEVEN SUSSMANSTEVEN SUSSMAN & W
2
$507,500
2012-06-29
STEVEN SUSSMANWILLIAM R LANGDON TRS
3
$825,000+63%
2021-01-29
WILLIAM R LANGDON TRSLUIS ALVAREZ

Tax Assessment History

$735,455
Assessed (2025)
$1,205,000
Market Value
$684,733
Taxable Value
$13,941
Annual Tax
2024
$714,728
$1,150,000
2025
$735,455
$1,205,000
Assessed Market
View detailed table
YearAssessedMarketTaxableTax
2025 $735,455 $1,205,000 $684,733 $13,941
2024 $714,728 $1,150,000 $664,728 $13,533

About 5986 PARADISE POINT DR, Palmetto Bay, FL 33157

5986 PARADISE POINT DR, Palmetto Bay, FL 33157 is a 2-bedroom, 2-bathroom residential - total value : townhouse built in 1985 with 2,651 square feet of living space on a 3,070 square foot lot. The property is currently owned by LUIS ALVAREZ, recorded as of 2026-04-19. The owner appears to be owner-occupied based on the mailing address matching the property address.

The most recent sale was on 2021-01-29 for $825,000, when WILLIAM R LANGDON TRS sold to LUIS ALVAREZ. The property has appreciated $317,500 (63%) since the prior sale of $507,500 on 2012-06-29. There are 3 recorded sales for this property.

The 2025 assessed value is $735,455 with a market value of $1,205,000. The assessed value increased 3% from $714,728 in 2024. The property has the following tax exemptions: homestead.

This property is located in FEMA Flood Zone AE, a Special Flood Hazard Area with a 1% annual chance of flooding (100-year floodplain). Flood insurance is typically required by lenders for properties in this zone. The median household income in this area is $216,711, and the median home value is $866,300.

The population density is 2,542 people per square mile. 5986 PARADISE POINT DR, Palmetto Bay, FL 33157 is located in Palmetto Bay, Florida. Property records, tax assessments, sales history, and ownership information for this Palmetto Bay property are sourced from miami_dade County public records.

The complete ownership history of this property spans from 2011 to 2021, with 3 recorded transactions in the public record. The current assessed value represents 89% of the most recent sale price. Based on the most recent sale, this property traded at $311 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..

Building Permits (1)

Permit #TypeStatusCost
S1993043839 electrical expired

Current Owner

LUIS ALVAREZ
5986 PARADISE POINT DR, PALMETTO BAY, FL, 33157
Since: 2026-04-19
View owner profile →

Flood Zone

Zone AE
Special Flood Hazard Area

Est. Annual Insurance

$7,754 — $14,038
Flood $400 — $800
Property/Wind $7,354 — $13,238

Estimate based on FEMA flood zone, property value, and year built. Actual premiums vary based on elevation, mitigation features, roof condition, and insurer. Not a quote.

Neighborhood

Median Income$216,711
Median Home Value$866,300
Pop. Density2,542/sq mi

Neighborhood 33157

46.3%
Owner-Occ
53.7%
Investor
161
Flips (4yr)
2,488
New Biz (3yr)
Distress Risk
MODERATE
36
View full risk analysis →
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