5950 PARADISE POINT DR, Palmetto Bay, FL 33157

5950 PARADISE POINT DR, Palmetto Bay, FL 33157 is a 4-bedroom, 3-bathroom residential - total value : townhouse built in 1984 with 3,865 square feet of living space on a 3,044 square foot lot. The property is currently owned by ROBERT MARTINEZ TRS MARTINEZ FAMILY TRUST, 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 2026-03-05 for $1,800,000. There are 4 recorded sales for this property. The 2025 assessed value is $857,231 with a market value of $1,625,000.

The assessed value increased 3% from $833,072 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.

5950 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 2014 to 2026, with 4 recorded transactions in the public record.

The current assessed value represents 48% of the most recent sale price. This low ratio may suggest the property is under-assessed relative to market value, common after recent improvements or a competitive purchase. Based on the most recent sale, this property traded at $466 per square foot — a key metric for comparing value across Palmetto Bay's real estate market..