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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.
| DAYS ON MARKET | 38 | LAST UPDATED | 10/28/2026 |
|---|---|---|---|
| TRACT | INDIAN BEACH CORP AMD PL | YEAR BUILT | 1995 |
| COMMUNITY | 32 | GARAGE SPACES | 8.0 |
| COUNTY | Miami-Dade | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | North Beach |
|---|---|
| Jr. High School | Nautilus |
| High School | Miami Beach |
| PRICE HISTORY | |
| Prior to Oct 28, '26 | $42,500,000 |
|---|---|
| Oct 28, '26 - Today | $39,995,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Dryer, Refrigerator, Washer |
| AREA | 32 |
| CONSTRUCTION | BLOCK, Concrete |
| EXTERIOR | None |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Other |
| INTERIOR | Bidet, Breakfast Bar, Kitchen Island, Master Downstairs, Vaulted Ceiling(s), Walk-In Closet(s) |
| LOT | 58650 acre(s) |
| LOT DESCRIPTION | Waterfront |
| LOT DIMENSIONS | 58650 |
| PARKING | Covered, Driveway |
| POOL | Yes |
| POOL DESCRIPTION | In Ground, Private |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Detached, OneStory |
| SUBDIVISION | INDIAN BEACH CORP AMD PL |
| TAXES | 360401 |
| VIEW | Yes |
| VIEW DESCRIPTION | Canal, Garden |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Canal Front |
| ZONING | 2100 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with The Firm Properties, LLC.
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors 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. Data provided is deemed reliable but not guaranteed.
This IDX solution is (c) Diverse Solutions 2026.
