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.
For sale
Price cut: $2.5M (10/28)
$39,995,000
4521 Pine Tree Dr, Miami Beach, FL 33140
9beds
--sqft
Single Family Residence
Built in 1995
1.35 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Beside pine tree park
- 32 days
- 1,891
- 97
Zillow last checked:
Listing updated:
Listed by:
Adalis Carbo 786-916-7393,
The Firm Properties, LLC.
Source: MIAMI,MLS#: A12100926
Originating MLS: A-Miami Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 10
- Full bathrooms: 9
- 1/2 bathrooms: 1
Rooms
- Room types: Den/Library/Office, Family Room, Great Room
Heating
- Other
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Refrigerator, Washer
- Laundry: Laundry Room
Features
- Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s), Atrium, Maid/In-Law Quarters
- Flooring: Other
- Windows: Skylight(s)
- Has fireplace: Yes
Video & virtual tour
Property
Parking
- Total spaces: 8
- Parking features: Covered, Driveway
- Garage spaces: 8
- Has uncovered spaces: Yes
Features
- Stories: 1
- Entry location: First Floor Entry
- Exterior features: None
- Has private pool: Yes
- Pool features: In Ground
- Has view: Yes
- View description: Canal, Garden
- Has water view: Yes
- Water view: Canal
- Waterfront features: WF/Pool/No Ocean Access, Canal Front
- Frontage length: 158
Lot
- Size: 1.35 Acres
- Features: 1 To Less Than 2 Acre Lot
Details
- Parcel number: 0232230020320
- Zoning: 2100
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- CBS Construction
- Roof: Barrel Roof
Condition
- Year built: 1995
Utilities & green energy
- Sewer: Public Sewer
- Water: Municipal Water
Community & HOA
Community
- Features: None, No Subdiv/Park Info
- Subdivision: Indian Beach Corp Amd Pl
HOA
- Has HOA: No
Location
- Region: Miami Beach
Financial & listing details
- Tax assessed value: $19,211,021
- Annual tax amount: $360,401
- Date on market: 10/5/2026
- Listing terms: All Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/28/2026 | Price change | $39,995,000-5.9% |
Source: | ||
| 10/5/2026 | Listed for sale | $42,500,000+78.6% |
Source: | ||
| 12/3/2024 | Sold | $23,800,000-14.7% |
Source: | ||
| 2/5/2024 | Pending sale | $27,900,000 |
Source: | ||
| 1/8/2024 | Listed for sale | $27,900,000 |
Source: | ||
| 1/5/2024 | Pending sale | $27,900,000 |
Source: | ||
| 10/6/2023 | Listed for sale | $27,900,000-6.7% |
Source: | ||
| 3/20/2023 | Listed for sale | $29,900,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $360,401 +17.8% | $19,211,020 +42.3% |
| 2024 | $306,033 +4.3% | $13,496,291 +10% |
| 2023 | $293,453 +27.9% | $12,269,356 +10% |
| 2022 | $229,400 +17.2% | $11,153,960 +10% |
| 2021 | $195,783 -0.5% | $10,139,964 -0.2% |
| 2020 | $196,727 -2.8% | $10,161,751 +4.4% |
| 2019 | $202,315 +10.9% | $9,733,222 +10% |
| 2018 | $182,434 | $8,848,384 +10% |
| 2017 | $182,434 +3.9% | $8,043,986 +10% |
| 2016 | $175,629 +15.4% | $7,312,715 +10% |
| 2015 | $152,250 +10.5% | $6,647,923 +10% |
| 2014 | $137,735 +31.8% | $6,043,567 +10% |
| 2013 | $104,541 +0% | $5,494,152 +10% |
| 2012 | $104,541 +9.7% | $4,994,684 +10% |
| 2011 | $95,302 +4.6% | $4,540,622 +10% |
| 2010 | $91,087 -13.3% | $4,127,839 -19.2% |
| 2009 | $105,047 -32.9% | $5,106,566 -34.2% |
| 2007 | $156,586 +22% | $7,761,526 |
| 2006 | $128,308 | -- |
| 2005 | $128,308 +43.9% | -- |
| 2004 | $89,169 +13.7% | -- |
| 2003 | $78,402 +42.9% | -- |
| 2002 | $54,847 | -- |
| 2001 | $54,847 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Nautilus
Nearby schools
Schools provided by the listing agent
- Elementary: North Beach
- Middle: Nautilus
- High: Miami Beach
Source: MIAMI. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





