Miami Beach, FL, 33140
$42,500,000
Est. $214,903/mo (20% down)
An extraordinary opportunity to create a landmark waterfront estate on prestigious Pine Tree Drive. Beside Pine Tree Park in Miami Beach’s coveted Mid-Beach neighborhood, this approximately 1.35-acre property features a brand-news seawall and offers 58,650 SF of land per county records and 158 feet of canal frontage per prior listing. Exceptional scale and a prime waterfront setting offer developers and private buyers the opportunity to bring an ambitious vision to life. The existing residence remains on the property. Offered as a redevelopment opportunity with seller-reported approved plans for an approximately 25,000 SF tropical modern estate by Studio Tehila Shelef. The proposed design features 9 bedroom suites, an 8-car garage, a waterfront guest residence and staff quarters. Floor-to-ceiling glass, a central atrium and expansive terraces connect the envisioned interiors with the landscape and water. Planned amenities include an infinity pool, hot tub, gym, spa and saunas, cinema/game room, sport court, rooftop lounge and yacht dock. Main, service and outdoor kitchens complement generous dining and entertaining spaces. Sale includes the property and plans; construction of the proposed estate is not included. Renderings illustrate the proposed residence and amenities. Site visits by appointment only. Plan documents available exclusively to verified, qualified buyers.
MLS #
A12100926
Status
Active
Property Type
Residential
Sub Type
Single Family Residence
Year Built
1995
Days on Market
1
Pool
No
Waterfront
Yes
HOA Fee
None
Est. Insurance
$14,167/mo
Tax Year
2025
Tax Amount
$360,401
Garage
8 Car
Lot Size
—
MLS Area
Indian Beach Corp Amd Pl
Subdivision
INDIAN BEACH CORP AMD PL
Estimates based on area averages. Actual returns may vary. Consult a financial advisor.
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