4521 Pine Tree Drive, Miami Beach, FL 33140

$39,995,000 — Active

Property Features

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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 shovel ready 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 approved plans to start building immediately; 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.

▼ Price Reduced — originally listed at $42,500,000

Property Details

  • Listing ID: A12100926
  • Status: Active
  • Listing Date: 2026-10-05
  • Property Type: Single Family Residence
  • Subdivision: INDIAN BEACH CORP AMD PL
  • County: Miami-Dade
  • MLS Area: 2320
  • Bedrooms: 9
  • Full Bathrooms: 9
  • Half Bathrooms: 1
  • Living Area Sq Ft: N/A
  • Year Built: 1995

Financial

  • List Price: $39,995,000
  • Original List Price: $42,500,000
  • HOA Fee: None
  • Taxes: $360,401/yr

Features & Amenities

  • View: Garden, Canal
  • Parking: Covered, Driveway
  • Cooling: Central Air
  • Heating: Other
  • Flooring: Other
  • Construction: CBS
  • Roof: Barrel
  • Interior Features: Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s)
  • Exterior Features: None
  • Community Amenities: None

Courtesy of The Firm Properties, LLC.
Contact Starfish Real Estate to schedule an appointment or call .

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© 2026 Starfish Real Estate. Listings updated Nov 6, 2026 5:00 am. Listing data is derived from the Broker Reciprocity Program of the Realtor Association of Indian River County (RAIRC) and BeachsMLS. Properties listed by brokers other than Starfish Real Estate are identified with the applicable MLS logo and include the listing broker's name. Not all properties available through either MLS may be displayed. All MLS data is the copyrighted property of the respective MLS and its participants. Data is deemed reliable but is not guaranteed accurate and should be independently verified prior to entering into any transaction.