Description

DEVELOPERS DREAM ~ 1 ACRE MIAMI BEACH LEGACY ESTATE ON MARKET FOR SALE FOR THE 1ST TIME! Reside on prestigious Pine Tree Drive on approximately 1 acre of rolling lawns with 190 feet on the water. It could be purchased together with the adjacent Lot 5589 Pine Tree Drive and Split into 3 parcels as it originally once was platted in the Miami Beach hay days and develop 3 Luxury Modern Villas each with approx 109 feet on the water on approx 27,850 SF Lots. It could also be purchased as two 1 acre estates to develop 2 Waterfront Estate Villas... or Can be bought together as one parcel to build your own Mega Trophy Villa. Existing are 2 MED-Revival gems that could be renovated and occupied by the new owner or serve as a good rental property.

Details

MLS #
A10496279
Bedrooms
7
Bathrooms
7
Half Baths
1
Lot Size
48,300 ft2
Living Area
6,413 ft2
Living Area (M2)
595 m2
Year Built
1925
Waterfront
N/A
Status
A
Listing Type
RE1
Maint Fee
N/A
Complex
N/A
Days On Market
502
Pool
N/A
Pool Description
Equipment Stays
Pets Allowed
N/A
Parking Spots

Amenities

Interior Features
First Floor Entry
Exterior Features
Patio
Equipment
Dishwasher
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Location

About Miami Beach

Payment Options

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Similar Properties

Address List Price Bed/Bath Type SQFT $ / SQFT
5565 Pine Tree Dr $23,990,000 0/ Residential Land 0 0
5565 Pine Tree Dr $23,990,000 10/13 Single Family 11,356 2,112
5589 Pine Tree Dr $11,995,000 3/6 Single Family 4,943 2,426
5565 Pine Tree Dr $11,995,000 0/ Residential Land 0 0
5589 Pine Tree Dr $11,995,000 0/ Residential Land 0 0
5711 Pine Tree Dr $9,450,000 7/8 Single Family 8,101 1,166
5401 Pine Tree Dr $7,995,000 5/6 Single Family 5,950 1,343
5454 Pine Tree Dr $5,950,000 6/6 Single Family 6,638 896
5529 Pine Tree Dr $5,650,000 5/4 Single Family 3,496 1,616

Recent Closed Sales

Over the past 18 Months in the Area
Address Closed Date Sold Price List Price Bed Bath Living Area $/sf $/m2 Days on Market
5736 La Gorce Dr 09/26/2019 $1,070,000 $1,299,000 4 3 4,039 $322 $3,462 3 months
5765 LA GORCE DR 08/01/2019 $1,270,000 $1,345,000 4 4 2,498 $538 $5,796 10 months
5768 Pinetree Dr 03/28/2019 $2,100,000 $2,250,000 5 7 5,109 $440 $4,741 1 year
5251 La Gorce Dr 03/11/2019 $1,064,750 $1,120,000 3 3 2,123 $528 $5,679 4 months
5191 Pine Tree Drive 03/04/2019 $6,300,000 $7,495,000 6 6 5,829 $1,286 $13,841 1 year
5400 Pine Tree Dr 12/13/2018 $2,625,000 $2,900,000 5 5 4,004 $724 $7,796 11 months
5780 La Gorce Dr 12/05/2018 $1,150,000 $1,299,000 3 3 2,138 $608 $6,540 8 months
5665 La Gorce Dr 09/20/2018 $1,225,000 $1,299,000 4 3 2,685 $484 $5,208 1 year
5011 Pine Tree Dr 08/26/2018 $14,500,000 $21,950,000 10 9 13,546 $1,620 $17,442 1 year
5630 Pine Tree Dr 08/02/2018 $847,100 $1,000,000 3 3 2,797 $358 $3,849 1 year
5334 La Gorce Dr 07/11/2018 $3,590,000 $3,995,000 5 5 5,300 $754 $8,114 3 months
5640 Pine Tree Dr 07/08/2018 $2,189,000 $2,595,000 6 6 4,027 $644 $6,936 11 months
5347 La Gorce 06/12/2018 $1,150,000 $1,299,900 3 2 0 $0 $0 11 months
5401 Pine Tree Dr 06/10/2018 $4,150,000 $3,500,000 5 6 5,633 $621 $6,688 1 month
5540 Pine Tree Dr 05/28/2018 $1,780,000 $1,950,000 3 3 2,414 $808 $8,695 9 months
5245 Pine Tree Dr 05/17/2018 $5,150,000 $5,600,000 5 5 6,972 $803 $8,646 2 months

Miami Beach Inventory Breakdown

5622
listings
3150
For Sale
2472
For Rent

For Sale

Average Price
$3,504,885
Average $ / SqFt
$941

For Rent

Average Price
$5,687
Average $ / SqFt
$4
Miamirealestate.com is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers personal, non-commercial use, It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real Estate listings held by brokerage firms other than the office owning this web site are marked with the IDX logo. Data provided is deemed reliable but not guaranteed. Listing provided by Luxe Living Realty