NOT LISTED FOR SALE

5111 Pine Tree Dr Miami Beach, FL 33140

La Gorce Neighborhood

Estimated Value: $4,984,000 - $18,927,572

9 Beds
8 Baths
10,271 Sq Ft
$974/Sq Ft Est. Value

Last Sold April 27, 2012

Last sale price $8,500,000 $828 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $62,300/month

290 Days on Market

Highlights

  • Property has ocean access
  • Private Dock
  • Media Room
  • North Beach Elementary School Rated A-
  • Guest House
  • In Ground Pool

About This Home

As of April 2012

This exceptinal property is truly a one of a kind opportunity to purchase a 1929 Estate with 170ft of waterfrontage on Indian Creek with the possibility of adding additional 100' (lot asking $2,750,000) of adjoining lot which would equal almost 2.7 acres. This 9 bedroom 8 bath tropically landscaped Mansion exhibits its old world craftsmanship and detail throughout, with pool, gym, tennis and basketball court on centrally located and prestigious Pinetree Dr.

Last Agent to Sell the Property

Kenny Raymond

BHHS EWM Realty License #0613345 Listed on: 04/17/2011

BHHS EWM Realty

Last Buyer's Agent

Rafael Arias

One Sotheby's International Realty License #0607359

One Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $124,469

Year Built

  • Built in 1929

Lot Details

  • 1.58 Acre Lot
  • Lot Dimensions are 84x374
  • Home fronts a canal
  • East Facing Home
  • Property is zoned 21/EST 1

Home Design

  • Barrel Roof Shape
  • Concrete Block And Stucco Construction

Interior Spaces

  • 10,271 Sq Ft Home
  • 2-Story Property
  • Sliding Windows
  • Family Room
  • Formal Dining Room
  • Media Room
  • Den
  • Sun or Florida Room
  • Canal Views

Bedrooms and Bathrooms

  • 9 Bedrooms
  • Main Floor Bedroom
  • Maid or Guest Quarters
  • 8 Full Bathrooms

Parking

  • Covered Parking
  • Circular Driveway
  • Open Parking

Outdoor Features

  • In Ground Pool
  • Property has ocean access
  • No Fixed Bridges
  • Private Dock

Additional Features

  • Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Beach View Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-32-14-003-0020

Home Details

Home Type

Single Family

Est. Annual Taxes

$124,469

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1929
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Garage Yn: No
  • Horses: No
  • Inclusions: Private Dock
  • Lot Size: 84x374
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: BEACH VIEW SUB
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • LastStatus: Pending
  • CurrentPrice: 8500000
  • InternetRemarks: Opportunity to purchase a 1929 Estate with 170' of waterfrontage.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Other Equipment/Appliances
  • Interior Amenities: Other, Den/Library/Office, Family Room, Florida Room, Maid/In-Law Quarters, Media Room
  • Full Bathrooms: 8
  • Total Bedrooms: 9
  • Flooring: Other
  • Furnished: Unfurnished
  • Living Area: 10271
  • Possible Use: Unknown/Withheld
  • Window Features: Sliding
  • Bedroom Features: At Least 1 Bedroom Ground Level
  • Dining Room Features: Formal Dining
  • Living Room Features: Den/Library/Office, Family Room, Florida Room, Guest House, Maid/In-Law Quarters, Media Room, Other

Exterior Features

  • Roof: Barrel Roof
  • View: Canal
  • Exterior Features: Other
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Lot Features: 1 To Less Than 2 Acre Lot
  • Other Structures: Guest House
  • Pool Features: In Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: Ocean Access, Canal Front, No Fixed Bridges
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: BEACH VIEW SUB
  • Open Parking: Yes
  • Parking Features: Circular Driveway, Driveway, Covered

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Other

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 02-32-14-003-0020
  • Lot Size Sq Ft: 68876
  • Zoning: 21/EST 1

Tax Info

  • Tax Year: 2010
  • Tax Annual Amount: 124469

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2019
Sold by
Jcb Miami Llc
Bought by
Mabrok Mohamad
Current Estimated Value
$10,001,524

Purchase Details

Closed on
Mar 8, 2017
Sold by
Meruelo Richard and Meruelo Maria
Bought by
Jcb Miami Llc

Purchase Details

Closed on
Jan 30, 2015
Sold by
Contemporary Contractors Of Florida Inc
Bought by
Meruelo Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
5%
Mortgage Type
Unknown

Purchase Details

Listed on
Apr 17, 2011
Closed on
Apr 25, 2012
Sold by
Al Jumaa Inc
Bought by
Meruelo Richard and Meruelo Maria
Seller's Agent
Kenny Raymond
BHHS EWM Realty
Buyer's Agent
Rafael Arias
One Sotheby's International Realty
List Price
$8,500,000
Sold Price
$8,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.19%
Original Mortgage
$6,375,000
Interest Rate
4.13%
Mortgage Type
Unknown
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mabrok Mohamad $10,715,000 Attorney
Jcb Miami Llc $12,119,000 Attorney
Meruelo Stephen $110,000 Rte Title Company
Meruelo Richard $8,500,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Meruelo Stephen $70,000
Previous Owner Meruelo Richard $6,375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2012 04/27/12 Sold $8,500,000 0.0% $828 / Sq Ft
02/03/2012 02/03/12 Pending -- -- --
04/18/2011 04/18/11 For Sale $8,500,000 -- $828 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $344,884 $16,042,942 -- --
2024 $323,215 $14,584,493 -- --
2023 $323,215 $13,258,630 $0 $0
2022 $226,473 $12,053,300 $12,053,300 $0
2021 $166,167 $8,606,056 $8,606,056 $0
2020 $196,012 $10,124,772 $10,124,772 $0
2019 $196,203 $10,124,772 $10,124,772 $0
2018 $194,274 $10,331,400 $10,331,400 $0
2017 $87,505 $4,635,946 $0 $0
2016 $89,973 $4,672,531 $0 $0
2015 $91,130 $4,640,051 $0 $0
2014 $92,709 $4,603,226 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kenny Raymond

    Seller's Agent in 2012

    Kenny Raymond

    BHHS EWM Realty

    (786) 443-9649

    1 in this area

    39 Total Sales

    Kenny Raymond
    Section Image

  • R

    Buyer's Agent in 2012

    Rafael Arias

    One Sotheby's International Realty

    (786) 543-7873

    9 Total Sales

    Rafael Arias
    Section Image
See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: M1496222

MIAMI REALTORS® MLS

APN: 02-3214-003-0020

Florida Miami/Dade County Miami Beach 33140 La Gorce

5111 Pine Tree Dr, Miami Beach, FL

Not Listed for Sale

Detached

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