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560 Sabal Palm Rd, Miami FL 33137

House Active With Contract
$5,100,000

BTC: 79.37743191

ETH: 2,680.48606147

56 days
4 bds
3 ba
2,837 sqft

Overview

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.

Location

Details

Type:
Residential
Parking:
Covered / Driveway
Year Built:
1953
Lot:
20541 Square Feet
Heating:
Central / Electric
Price/sqft:
$1,798
Cooling:
Central Air / Electric
HOA:
$6,000

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,950,000
$1.4M – $11.0M
Confidence Low
List vs. estimate
$3.1M above estimate
List $5,100,000 · +161.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$1,797
+276.9% vs. city median $477
Based on
8 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $602K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$19,817
2025
HOA
$6,000/yr
Pool
In Ground
View
Garden
Garage
1 car garage
Pets
Restrictions Or Possible Restrictions
All facts and features
  • Flooring

    • Marble

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Electric

    Appliances

    • Dishwasher

    • Dryer

    • Electric Water Heater

    • Microwave

    • Electric Range

    • Refrigerator

    • Wall Oven

    • Washer

    Other interior features

    • First Floor Entry

    • Closet Cabinetry

    • Walk-In Closet(s)

    • Wet Bar

    • Den/Library/Office

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Full bathrooms: 3

  • Parking

    • Covered

    • Driveway

    Property

    • Exterior Features: Barbeque / Built-In Grill / Lighting

    Lot

    • Lot: 20541 Square Feet

    Other Property Information

    • Parcel Number: 01-32-19-008-0440

    • Zoning: 0100

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Other financial information

    • HOA: $6,000

    • HOA Frequency: Annually

    • Annual tax amount: $19,817

  • Source details

    • MLS ID: A12001145

    Other facts

    • Construction Materials: Concrete Block Construction

    • Lot Features: 1/4 To Less Than 1/2 Acre Lot

    • Pool Features: In Ground / Fenced / Concrete / Equipment Stays

    • Window Features: High Impact Windows

    • Direction Faces: North

    • Other Structures: Extra Building/Shed

    • Architectural Style: Detached / One Story

    • Garage Spaces: 1

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 2837

    • Water Source: Municipal Water / Well

    • Subdivision Name: BAY POINT

Private inquiry
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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Concept International Realty Inc