5990 Paradise Point Dr, Palmetto Bay, FL 33157 — MLS photo

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5990 Paradise Point Dr, Palmetto Bay, FL 33157

Active · Townhouse

$1,995,000

5990 Paradise Point Dr, Palmetto Bay, FL 33157

Beds
4
Baths
3
Living area
2,651 sq ft
$ / sq ft
$753/sq ft
Year built
1985
Lot size
—
HOA fee
$2,685
Annual tax
—

About this property

Welcome to Harbor Breeze Retreat, an exceptional waterfront townhome nestled within the prestigious gated community of Royal Harbour Yacht Club. Offering 4 bedrooms, 3 baths, and three levels of thoughtfully designed living space, this residence captures breathtaking water views from every floor. The first level welcomes you with a spacious family room featuring custom built-ins and a wet bar—perfect for entertaining—opening to a serene waterfront patio ideal for relaxing evenings by the water. The second level showcases expansive open-concept living and dining areas, a beautifully remodeled kitchen with modern finishes, two guest bedrooms, and a dedicated laundry room for convenience. Ascend to the top floor and retreat to your private primary suite sanctuary, complete with a gym/flex space and a generous balcony overlooking the water—your personal escape with sunrise and sunset views. Recent upgrades include impact windows and doors, a metal roof, and tastefully renovated kitchen and baths, ensuring style, security, and longevity. A 1-car garage completes this remarkable offering. Enjoy resort-style living in a guard-gated waterfront community known for its marina lifestyle, privacy, and charm. Ameities Incl Heated Pool/Spa, Pickleball/Tennis Courts, Gym, Clubhouse, Waterfront Boardwalks, Marina and much more. Luxury. Views. Lifestyle. This is waterfront living at its finest. Also available for Rent. May have Dock available for sale.

Property location

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5990 Paradise Point Dr, Palmetto Bay, FL 33157

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Facts & features

Interior

Bedrooms
4
Bathrooms
3
Living area
2,651 sq ft

Exterior & Structure

Property type
Townhouse
Year built
1985

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$2,685
County
Miami-Dade
MLS listing ID
A11972653
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$7,233

Cap rate
1.3%
Net yield
1.3%
Cash-on-cash return
-15.5%
Gross yield
6.2%
Mortgage payment
$9,457/mo
Down payment
$498,750
Loan amount
$1,496,250
Annual NOI
$26,696

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.