See Home Value
$11,639,852*
House - Off Market

5589 Pine Tree Dr

Miami Beach, FL 33140
bedrooms
3 Beds
bathrooms
6 Baths
square feet
5333 Sqft
$8,550,000 - $10,450,000
Reference Base Price*
22.52%
Since Jan 1, 2022
FL-Miami
Primary Model
Transfer
Owner

About This Property

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 137 feet on the water. It could be purchased together with the adjacent Lot 5565 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 109 feet on the water on 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.

The manager has listed the unit size as 5333 square feet.
Unit Size
5,333Ft²
Days on Market
-
Land Size
0.81 acres
Price per sqft
$1,781
Property Type
House
Property Taxes
$1,944
HOA Dues
-
Year Built
1924

Price History

Date / Event Date Event Price
Dec 17, 2021 No longer available -
No longer available
Dec 15, 2021 Relisted $9,500,000
Relisted
Aug 26, 2020 No longer available -
No longer available
Mar 8, 2020 Relisted $9,500,000
Relisted
Mar 7, 2020 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning
Garage
With View

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1988
  • Building Count: 3
  • Bedroom Count: 3
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Quality: E
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Covered
  • Basement Area: 0
  • Garage Square Area: 195
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 40,447
  • Lot Size Depth Feet: 2,640
  • Lot Size Frontage Feet: 1,532
  • Total Building Area: 6,304
  • Gross Building Area: 6,304
  • Building Area: 4,662
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 4,662
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BEACH VIEW
  • Land Acres: 0.929
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BEACH VIEW PB 9-158 N1/2 LOT 6 & LOT 7 BLK 1A LOT SIZE 153.210 X 264 OR 13572-2212 0188 4 COC 24155-3815 12 2005 5

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Dade County School District
  • School Tax School District: MIAMI BEACH
  • Census Tract: 003906

Zoning

  • Zoning: 0800

Geography

  • Assessors Map Reference: 173
  • District: 02
  • Parcel: 02-3214-003-0300
  • Block: 1A
  • Lot: 6,7
  • Meridian: SEC 14 TWN 53S RNG 42E
  • Municipality: MIAMI BEACH
  • Latitude: 25.8347
  • Longitude: -80.1235

    Address

  • Full Address: 5589 Pine Tree Dr
  • Address - House Number: 5589
  • Address - Street Name: Pine Tree
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Miami Beach
  • Carrier Code: C017
  • 4-Digit Zip Code: 2147
  • Zip Code: 33140

Valuation

    Tax

  • Total Area: 5,610
  • Tax Year: 2023
  • Tax Amount: $25,108
  • Tax Rate Code Area: 200

    Market Valuation

  • Market Total Value: $20,982,685
  • Market Land Value: $20,222,887
  • Market Improvement Value: $759,798

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,369,825

    Exemptions

  • Homeowner Exemption: Yes



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
3 Beds
3.5 Baths
3,183 ft²
$2,513/ft²
$7,999,999 Mar 18, 2022
-
$9,855/mo
Condo
3 Beds
3.5 Baths
2,950 ft²
$2,610/ft²
$7,700,000 Oct 6, 2022
-
$4,336/mo
House
5 Beds
4.5 Baths
4,035 ft²
$2,280/ft²
$9,200,000 Dec 3, 2022
-
$4,564/mo
Condo
4 Beds
4.5 Baths
4,255 ft²
$1,998/ft²
$8,500,000 Jan 17, 2023
-
$13,263/mo
Condo
4 Beds
4.5 Baths
2,904 ft²
$3,065/ft²
$8,900,000 Dec 13, 2022
-
$13,657/mo
Land
Loft
-
-
$10,900,000 Sep 13, 2022
-
$9,255/mo

About La Gorce


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Frequently Asked Questions

When was property at 5589 Pine Tree Drive built and last sold?
The property at 5589 Pine Tree Drive was built in 1924 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5589 Pine Tree Drive is $9,460,260.
What are some comparable homes to 5589 Pine Tree Drive?
There are currently no comparable homes to 5589 Pine Tree Drive.

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