BAY POINT
560 Sabal Palm Rd, Miami FL 33137
4 beds · 3 baths · 2,837 ft²
$5,100,000
Est. Payment $27,144/mo
4
Bedrooms
3
Bathrooms
2,837
Sq. Ft.
1953
Year Built
1
Garage
1
Days on Market
Description
Investor/Developer Opportunity in BAY POINT: 4 Bed / 4 Bath residence (3,167 sqft total) on a huge 20,541 sqft lot within one of Miami’s most exclusive gated communities with 24/7 private security. The property presents a prime opportunity for redevelopment, expansion, or repositioning in a highly sought-after enclave. The owner is open to flexible deal structures, including seller financing or joint venture partnerships, making it an attractive option for builders and capital partners seeking premium inventory in a supply-constrained submarket. The site’s near half-acre footprint supports expansion, new construction, or a high-end spec project, with strong upside driven by its proximity to key demand drivers—Miami International Airport, the beaches, Downtown, the Design District, and Midtown. Current residence includes a 4-bedroom, 4-bath house with marble finishes, an open-concept media space, and mature tropical landscaping, offering potential for interim use, rental income, or phased development. Outdoor features such as a pool with waterfall, wet bar, and entertainment areas further enhance the property’s current livability while plans and permits are pursued. A rare chance to capitalize on location, lot size, and flexible ownership terms in a premier Miami enclave.
Facts
- MLS#
- A12001145
- Subdivision
- BAY POINT
- Property Type
- Residential
- Property Sub Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 20,541 ft²
- Sq. Ft.
- 2,837 ft²
- Sq. Mt.
- 264 m²
- Price per sq. ft.
- $1,798/ft²
- Price per sq. mt.
- $19,318/m²
- Stories
- —
- Garage
- 1 spaces
- Pool
- —
- Days on Market
- 1 day
- Listed
- Apr 14, 2026
- Last Updated
- Apr 15, 2026
- Price/Lot Sq.Ft.
- $248/ft²
Comparable homes
Same ZIP, similar price + bedrooms.
SOLD$5,000,000
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$4,990,000
4 bd · 4 ba · 3,543 sqft
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4 bd · 4 ba · 3,579 sqft
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4 bd · 5 ba · 3,492 sqft
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4 bd · 3 ba · 2,559 sqft
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Market insights for Miami
Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.
Sellers market
May 2026
48
Median days to sold
+4.5%
1-year price forecast (est.)
Price & tax history
From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).
| 4/14/2026 | Listed for sale | $5,100,000 |
History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).
Location
GreatSchools Summary Ratings
Public + private K-12 schools within 5 miles of this listing.
Doral International Academy of Math and ScienceKG,1,2,3,4,5,6,7,8 · charter · 0.6 mi
Andrea Castilla Prep K-8PK,KG,1,2,3,4,5 · public · 1.0 mi
Ronald W. Reagan/Doral Senior High School8,9,10,11,12 · public · 1.0 mi
Divine Savior Lutheran AcademyPK,KG,1,2,3,4,5,6,7,8,9,10,11,12,UG · private · 1.1 mi
Dr. Rolando Espinosa K-8 CenterPK,KG,1,2,3,4,5,6,7,8 · public · 1.4 mi
John I. Smith K-8 CenterPK,KG,1,2,3,4,5,6,7,8 · public · 1.5 mi
Dr. Toni Bilbao Preparatory AcademyPK,KG,1,2,3,4,5,6,7,8 · public · 1.6 mi
Eugenia B. Thomas K-8 CenterPK,KG,1,2,3,4,5,6,7,8 · public · 1.7 mi
J.C. BERMUDEZ DORAL SENIOR HIGH-76419,10,11,12 · public · 1.8 mi
Petersen Montessori AcademyPK,KG · private · 2.1 mi
Estimated Monthly Payment
$31,544/mo
Principal & Interest
$27,144
Property Tax
$4,250
Insurance
$150
HOA
$0
Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.
The data relating to real estate for sale on this website comes in part from the Southeast Florida Multiple Listing Service. MLS Data is deemed reliable, but is not guaranteed accurate by MIAMI REALTORS®.
Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may be a violation of federal and state law.
Copyright Southeast Florida MLS a/k/a SEFMLS © 2026.
Updated within 24 hours
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