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.
Single-familyProperty Type
1953Year Built
0.47 acresLot Size
$1,692Price/Sq.Ft.
$500/moHOA Dues
1 car garageParking
Listed by Natalia Saldarriaga• Concept International Realty Inc
•305-303-1078 (agent)
•natysal@cirmiami.com (agent)
•786-329-5690 (broker)
•mlaviosa@hotmail.com (broker)
Bought with Lorenz Boulos• Colfax Realty International Inc
Est. $8,169 per month, based on comparable rentals
Sale and tax history for 560 Sabal Palm Rd
Sale History
Tax History
Date
Event
Price
MARMLS #A12061316
Jul 30, 2026
Rental Removed
$25,000
$9/sq ft
Jul 30, 2026
Listed for Rent
$25,000
$9/sq ft
MARMLS #A12001145
Jul 28, 2026
Sold
$4,800,000
$1,692/sq ft
Jun 9, 2026
Contingent
—
Apr 14, 2026
Listed
$5,100,000
$1,798/sq ft
MARMLS #A11882123
Mar 20, 2026
Listing Removed
—
Jan 12, 2026
Price Changed
$5,200,000
$1,833/sq ft
Sep 20, 2025
Listed
$5,500,000
$1,939/sq ft
MARMLS #A11657564
May 1, 2025
Listing Removed
—
Feb 26, 2025
Price Changed
$5,600,000
$1,974/sq ft
Jan 7, 2025
Price Changed
$5,800,000
$2,044/sq ft
Sep 11, 2024
Listed
$5,950,000
$2,097/sq ft
Public Records
Jun 25, 2010
Sold
$730,000
$257/sq ft
Public Records
Jul 11, 1995
Sold
$229,000
$81/sq ft
Public Records
Sep 9, 1993
Sold
$225,000
$79/sq ft
Public Records
Jul 1, 1985
Sold
$115,000
$41/sq ft
Public Records
May 1, 1981
Sold
$155,000
$55/sq ft
Public Records
Aug 1, 1980
Sold
$138,500
$49/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$19,818 (+2.7%)
2024
$19,297 (+0.5%)
2023
$19,199 (+2.8%)
2022
$18,675 (+4.3%)
2021
$17,897 (+1.2%)
2020
$17,687 (+2.1%)
2019
$17,317 (+3.9%)
2018
$16,665 (+9.4%)
2017
$15,227 (−0.8%)
2016
$15,346 (−1.1%)
2015
$15,518 (−1.1%)
2014
$15,695 (+1.7%)
2013
$15,438 (+2.0%)
2012
$15,134 (+4.8%)
$577,818 + $210,446
$788,264
2011
$14,438
Public record
Public record
Zoning
Beds
4
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
0.47 Acres
Year renovated
1990
Sq. Ft.
2,837
Year built
1953
Style
Single Family Residential
County
Miami-Dade County
APN
0132190080440
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 27, 2026.
T3-R
Sub-Urban Transect Restricted Zone
The Sub-Urban Zone consists of low-Density areas, primarily comprised of Single-Family and Two Family residential units with relatively deep Setbacks, Streetscapes with swales, and with or without Sidewalks. Blocks may be large and the roads may be of irregular geometry to accommodate natural and historic conditions.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Property details
Parking
Garage/Carport Information
Has Garage
Has Attached Garage
# of Garage Spaces: 1
Parking
Features: Attached, Covered, Driveway, Garage, Garage Door Opener
# of Covered Spaces: 1
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 3
Room Information
Room Types: Den
Equipment
Appliances: Built-In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Interior Features
Window Features: Impact Glass
Flooring: Marble
Other Features: Wet Bar, Bedroom on Main Level, Closet Cabinetry, First Floor Entry, Walk-In Closet(s)